$425,000
●
House -
Off Market
40043 Hillcrest Drive
Big Bear, CA 92315
4 Beds
3 Baths
2,080 Ft²
$631,953
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Take a look at this well-performing vacation rental. Located near
slopes, the Village, & the lake, this property is a popular
getaway! W/a reverse floorplan & access to each floor separately,
this property can be rented as the whole home, or in part. W/loads
of parking & an attached 2 car garage, this property can
accommodate multiple families or groups. Upstairs features wood
floors, two bedrooms, a jack & jill bathroom w/access from both a
bedroom & hallway, fully-appointed kitchen w/breakfast bar, large
brick fireplace, & huge deck to enjoy the Big Bear weather!
Downstairs features 2 master suites w/amenities added for rentals,
including microwaves, refrigerators, TVs & bistro seating. Also
downstairs is access to the separate laundry room & attached
garage. Don't miss those features when you visit this great
investment property! The rental amenities were strategically added
so as to not inhibit the use of the property as a private home or
getaway. Too much to list, see attachment!
Unit Size
2,080 Ft²
Days on Market
108 days
Land Size
0.22 acres
Price per sqft
$207
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982
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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: 4 months ago (CRMLS #EV19052562)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2022 | No longer available | - | |
| No longer available | |||
| Aug 26, 2022 | Price Decreased |
$725,000
↓ $24K
(3.2%) | |
| Price Decreased | |||
| Jul 13, 2022 | Listed by Freemanfoxx Realty | $749,000 | |
| Listed by Freemanfoxx Realty | |||
| | |||
|
Enjoy the warmth of the fireplace in the living room, the mountain views from the panoramic deck and the massaging bubbles in the 7+ person spa! This well performing rental cabin is within walking distance to a cute picnic area and hiking trails. Only a few minutes away from The Village, ski slopes and the lake. Loads of parking in the spacious driveway & an attached 2 car garage, this property can accommodate a group of up to 10 people! Upstairs features two bedrooms, a jack & jill bathroom w/ access from both a bedroom & hallway, fully-appointed kitchen w/ breakfast bar, large brick fireplace, & a huge wrap-around deck to enjoy the mountain weather! Downstairs features 2 master suites, access to garage and laundry room. New wood laminate floors throughout the whole house! Furniture available for the right price. The manager has listed the unit size as 2080 square feet.
| |||
| Jun 24, 2019 | Sold | ||
| Sold | |||
| Mar 8, 2019 | Listed by KELLER WILLIAMS REALTY | $429,900 | |
| Listed by KELLER WILLIAMS REALTY | |||
Property Highlights
Garage
Parking Available
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
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HOA + Taxes
About Big Bear Lake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: KENNETH SIMONDS, KELLER WILLIAMS REALTY
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV19052562
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV19052562
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