$825,000
●
House -
Off Market
229 Chippewa Lane
Lake Arrowhead, CA 92352
4 Beds
2 Baths
2,412 Ft²
$4,169
Est. Monthly
About This Property
This prow style home is located on a desirable cul-de-sac, close to
the Village, lake trail and Orchard Bay swimming area. The home
offers level entry into the main living room with a soaring vaulted
ceiling and wall of glass with a view of the serene forest beyond.
Two sliders open onto the inviting deck - the perfect spot for a
morning cup of coffee or dinner al-fresco. The open concept kitchen
features live edge granite countertops and stainless steel
appliances. Down the hallway is a spacious bedroom and full
bathroom. Upstairs are two well-appointed bedrooms and another full
bathroom. Downstairs is a large game room with wet bar, laundry
room and 3/4 bathroom. Do not miss the enormous bonus room, located
beneath the oversized detached garage. The fenced in backyard
features a lower deck with a fire pit and hot tub. The property
oozes a mountain lodge aesthetic and includes upgrades such as
hardwood flooring and central air conditioning. You will love the
level driveway and ease of accessibility. This home is located on a
county maintained road, has lake rights and is being sold fully
furnished.
Unit Size
2,412 Ft²
Days on Market
137 days
Land Size
0.21 acres
Price per sqft
$352
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
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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 #IG25079756)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $849,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Arrowhead
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Listed by: SIMONE KNEPPER, COLDWELL BANKER SKY RIDGE REALTY
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25079756
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IG25079756
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