NOT LISTED FOR SALE

27931 Rainbow Dr Lake Arrowhead, CA 92352

Estimated Value: $502,000 - $716,000

3 Beds
2 Baths
1,500 Sq Ft
$393/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $500,000 $333 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,579/month

81 Days on Market

Highlights

  • Mountain View
  • Laundry Room
  • Central Heating
  • No HOA
  • Mountainous Community

About This Home

As of January 2022

Welcome to Lake Arrowhead in the Beautiful San Bernardino Mountains. Looking for the Perfect Mountain Retreat? Look no further! This renovated home is one of a kind with 3 bedrooms 2 baths and walking distance to the Village & Lake. A private driveway gives you plenty of space for all vehicles, as you walk into the home, you're instantly met with the first cozy bedroom and bath downstairs. The open kitchen with a breakfast bar gives you more than enough space to enjoy the living room with a fireplace for cozy winter nights. As you head up the stairs you're met with both spacious bedrooms and the second bath. Enjoy a balcony deck outside for the views and an additional bonus room downstairs. Comes furnished as you see it and Arrowhead Lake Rights. Come see it for yourself, this will not last!

Last Agent to Sell the Property

Christian Cruz

eXp Realty of California Inc. Brokerage Phone: 909-202-6989 License #02083177 Listed on: 08/26/2021

eXp Realty of California Inc.

Co-Listed By

Johnny Mazariegos

Real Broker Brokerage Phone: 909-202-6989 License #02049212

Last Buyer's Agent

FAITH MATTIOLI

KELLER WILLIAMS LAKE ARROWHEAD License #02034421

KELLER WILLIAMS LAKE ARROWHEAD

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,834

Year Built

  • Built in 1969

Lot Details

  • 6,420 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LA/RM

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Mountain Views
  • Laundry Room
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Heating

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 80
  • Tax Tract Number 2500
  • Assessor Parcel Number 0335132190000
  • $601 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,834

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LA/RM
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0335132190000
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 333.33
  • Room Type: Basement

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Schools

  • School District: Rim of the World

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6420.00
  • Lot Size Acres: 0.1474

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6420.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 110.01
  • Tax Lot: 80
  • Tax Tract Number: 2500
  • TaxOtherAnnualAssessmentAmount: 601.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Dec 10, 2021
Sold by
Six Family Trust
Bought by
Maduanwusu Chinwendu Mariam
Seller's Agent
Christian Cruz
eXp Realty of California Inc.
Buyer's Agent
FAITH MATTIOLI
KELLER WILLIAMS LAKE ARROWHEAD
List Price
$588,888
Sold Price
$500,000
Premium/Discount to List
-$88,888
-15.09%
Current Estimated Value
$589,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,793
Avg. Annual Appreciation
4.43%
Original Mortgage
$450,000
Outstanding Balance
$413,937
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$175,856

Purchase Details

Closed on
Dec 4, 2018
Sold by
Six Brian K and Six Karin M
Bought by
Six Brian K and Six Karin M

Purchase Details

Closed on
Mar 19, 2015
Sold by
Six Karin M and Six Brian K
Bought by
Six Brian K and Six Karin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2006
Sold by
Jung Jongsun and Son Insuk
Bought by
Kramer Karin M and Six Brian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,700
Interest Rate
7.33%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 12, 2004
Sold by
Butler Brian H
Bought by
Jung Jongsun and Son Insuk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,200
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1999
Sold by
Butler Angela M
Bought by
Butler Brian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 1999
Sold by
Williams Leonard S and Williams Christine L
Bought by
Butler Brian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maduanwusu Chinwendu Mariam $500,000 Pacific Coast Title
Six Brian K -- None Available
Six Brian K -- Chicago Title Co
Kramer Karin M $290,500 First American
Jung Jongsun $226,500 First American
Butler Brian H -- Commonwealth Land Title Co
Butler Brian H $110,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maduanwusu Chinwendu Mariam $450,000
Previous Owner Six Brian K $240,000
Previous Owner Kramer Karin M $106,700
Previous Owner Jung Jongsun $181,200
Previous Owner Butler Brian H $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $500,000 -7.2% $333 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
09/29/2021 09/29/21 Price Changed $538,888 -5.3% $359 / Sq Ft
09/06/2021 09/06/21 Price Changed $568,888 -3.4% $379 / Sq Ft
08/26/2021 08/26/21 For Sale $588,888 -- $393 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,834 $530,604 $106,121 $424,483
2024 $5,834 $520,200 $104,040 $416,160
2023 $5,776 $510,000 $102,000 $408,000
2022 $3,703 $315,354 $52,559 $262,795
2021 $3,662 $309,170 $51,528 $257,642
2020 $3,661 $306,000 $51,000 $255,000
2019 $3,569 $300,000 $50,000 $250,000
2018 $3,414 $279,600 $55,400 $224,200
2017 $3,273 $266,300 $52,800 $213,500
2016 $3,110 $251,200 $49,800 $201,400
2015 $3,008 $237,000 $47,000 $190,000
2014 $2,657 $207,000 $65,000 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21185580

California Regional Multiple Listing Service (CRMLS)

APN: 0335-132-19