$367,500
●
House -
Off Market
761 Cottage Grove Road
Lake Arrowhead, CA 92352
3 Beds
2 Baths
1,696 Ft²
$550,313
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
Updated home in an enchanting setting. Nestled amongst pines,
cedars and dogwoods, this home will transport you to a simpler
time. Enter on the upper level, where a spacious deck welcomes you
- this is the perfect spot for entertaining on Summer nights. The
main level offers a cozy living room and fireplace, a centrally
located kitchen and a dining room with a wood stove. You'll find
two bedrooms on this level, each with its own en-suite bathroom,
tastefully updated. Don't miss the adorable built-in vanity in
bedroom 1's closet! Bedroom 2 opens onto a private deck. Downstairs
is a large family room, which could be used as a third bedroom, a
3/4 bathroom, laundry room and storage closet. Separate entry from
this lower level. The property includes a roomy storage shed and
parking for more than 4 vehicles. Located in Burnt Mill Canyon
Association.
Unit Size
1,696 Ft²
Days on Market
79 days
Land Size
0.31 acres
Price per sqft
$221
Property Type
House
Property Taxes
-
HOA Dues
$26
Year Built
1962
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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: 5 months ago (CRMLS #EV19098176)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2022 | No longer available | - | |
| No longer available | |||
| Mar 30, 2022 | In contract | - | |
| In contract | |||
| Mar 22, 2022 | Listed by Compass | $739,000 | |
| Listed by Compass | |||
| | |||
|
This mid-century mountain oasis truly has it all. This home is fully curated and stocked by a high end vacation rental specialist, which includes everything you and your guests will need and more. The short term rental permit is approved; everything you see in the home is included in the sale, make sure to open drawers and cabinets to see everything that this home is stocked with. Start renting it out instantly or enjoy spending time with family and friends the second the property closes. The property sits on just under 1/3rd acre on a perfectly forested lot with plenty of outdoor space. There are no homes behind the property so it feels very secluded. Enjoy a short walk down to the village and brewery. This property does not have lake rights. The manager has listed the unit size as 1696 square feet.
| |||
| Sep 22, 2021 | Sold | ||
| Sold | |||
| May 27, 2021 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $539,000 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
 | |||
|
Nestled amongst pines, cedars and dogwoods, this updated home is set back off the beaten path in a serene wooded setting. Enter on the upper level, where a spacious deck welcomes you - this is the perfect spot for entertaining on Summer nights. The main level offers a cozy living room and fireplace, a centrally located kitchen and a dining room with a wood stove. You'll find two bedrooms on this level, each with its own en-suite bathroom, tastefully updated. Bedroom 2 opens onto a private deck. Downstairs is a large family room (currently used as a third bedroom), a 3/4 bathroom, laundry room and storage closet. Separate entry from this lower level. The property includes a roomy storage shed and parking for more than 4 vehicles. Located in Burnt Mill Canyon Association and walking distance to the Village, brewery etc!
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake Arrowhead
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: SIMONE KNEPPER, COLDWELL BANKER SKY RIDGE RLTY
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19098176
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV19098176
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