Listed by: Justin Cubbins, First Team Real Estate-HighDes
$576,000
●
House -
Off Market
141 Silver Spruce Road
Cedar Glen, CA 92321
4 Beds
2 Baths
1,908 Ft²
$2,946
Est. Monthly
About This Property
Welcome to The Silver Spruce Cottage, your enchanting mountain
escape nestled among towering pines and blossoming dogwoods on
three serene lots, including two adjacent parcels. Situated on a
peaceful street and professionally remodeled and decorated, this
cottage offers an idyllic blend of tranquility and accessibility.
Just minutes from Lake Arrowhead Village, with its vibrant array of
shops, restaurants, and seasonal activities, the cottage is also
conveniently close to local amenities including a gym, steakhouse,
and other essential services.
Inside, the cottage combines rustic charm with modern sophistication. The updated kitchen is perfect for culinary enthusiasts, while the bathrooms are stylishly appointed. Wide-plank flooring and wood-beamed ceilings throughout evoke a cozy, inviting atmosphere. Outdoor living spaces offer serene settings to enjoy the forest and its wildlife, ideal for those seeking a peaceful retreat.
The property includes a detached two-car garage, providing generous storage options and convenience. With ample additional parking and situated on a plowed and maintained road, accessibility is assured year-round. Offered furnished and decorated, The Silver Spruce Cottage is a place where once you arrive, you may never want to leave.
Inside, the cottage combines rustic charm with modern sophistication. The updated kitchen is perfect for culinary enthusiasts, while the bathrooms are stylishly appointed. Wide-plank flooring and wood-beamed ceilings throughout evoke a cozy, inviting atmosphere. Outdoor living spaces offer serene settings to enjoy the forest and its wildlife, ideal for those seeking a peaceful retreat.
The property includes a detached two-car garage, providing generous storage options and convenience. With ample additional parking and situated on a plowed and maintained road, accessibility is assured year-round. Offered furnished and decorated, The Silver Spruce Cottage is a place where once you arrive, you may never want to leave.
Unit Size
1,908 Ft²
Days on Market
71 days
Land Size
0.19 acres
Price per sqft
$314
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #HD24231549)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 29, 2025 | Sold | ||
| Sold | |||
| Dec 29, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | Listed by First Team Real Estate-HighDes | $599,900 | |
| Listed by First Team Real Estate-HighDes | |||
| Apr 27, 2022 | No longer available | - | |
| No longer available | |||
| Apr 7, 2022 | In contract | - | |
| In contract | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake Arrowhead
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Listed by: Justin Cubbins, First Team Real Estate-HighDes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# HD24231549
Last Updated: 2 years ago
Data Source: CRMLS, MLS# HD24231549
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