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Seller's Agent in 2023
Joseph Varney
Vista Sotheby's International Realty
(909) 485-0598
25 in this area
44 Total Sales
28958 Potomac Dr Lake Arrowhead, CA 92352
Estimated Value: $794,000 - $957,000
3
Beds
2.5
Baths
3,158
Sq Ft
$289/Sq Ft
Est. Value
Highlights
- Spa
- Primary Bedroom Suite
- View of Trees or Woods
- Sauna
- Custom Home
- Community Lake
About This Home
As of November 2023One of the best values on the market today! Immaculately maintained, quality-built home with the features everybody is looking for: level entry, two car attached garage, plowed and maintained street with lake rights and fully furnished! Living room features soaring 30'+ wood paneled ceilings, massive fireplace and attached dining area overlooking the trees. Pass through the spacious kitchen into the family room with an additional fireplace, wet bar, half bath and easy access to the newly rebuilt deck! Upstairs contains a spacious multi-use loft overlooking the living room, two auxiliary bedrooms with vaulted wood paneled ceilings in both as well as a full bath. The spacious master suite features its own fireplace, vaulted paneled ceilings and expansive bathroom. Downstairs contains brick ensconced spa room, beautiful and tall coffered wood ceilings, sauna, as well as a large buildup for more expansion opportunities! Additional parking is available from the access road below. For those seeking to ensure privacy for years to come, there is the opportunity to purchase the adjacent .22 acre parcel for only $50,000. A rare value in today's market that is not to be missed in a sought-after and quiet Lake Arrowhead neighborhood that is only a few minutes to the lake and Cedar Glen Village!
Last Agent to Sell the Property
Vista Sotheby's International Realty Brokerage Phone: 909-485-0598 License #01924560 Listed on: 06/29/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1982
Lot Details
- 0.26 Acre Lot
- Property fronts a county road
- Lot Sloped Down
- Sprinkler System
- Property is zoned LA/RS-14M
Parking
- 2 Car Attached Garage
- Parking Available
- Front Facing Garage
- Circular Driveway
Property Views
- Woods
- Mountain
Home Design
- Custom Home
- Entry on the 1st floor
- Turnkey
- Composition Roof
Interior Spaces
- 3,158 Sq Ft Home
- 3-Story Property
- Wet Bar
- Central Vacuum
- Furnished
- Beamed Ceilings
- Cathedral Ceiling
- Double Pane Windows
- Formal Entry
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Loft
- Storage
- Utility Room
- Sauna
Kitchen
- Open to Family Room
- Breakfast Bar
- Gas Oven
- Gas Range
- Range Hood
- Microwave
- Dishwasher
- Tile Countertops
- Pots and Pans Drawers
- Disposal
Flooring
- Wood
- Brick
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Tile Bathroom Countertop
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Spa
- Wood Patio
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Arrowhead Woods Subdivision
- Community Lake
- Mountainous Community
Listing and Financial Details
- Tax Lot 69
- Tax Tract Number 7933
- Assessor Parcel Number 0331381610000
- $678 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 3, 2024
Sold by
Schwarz Stanley Martin and Schwarz Andrew Kathleen
Bought by
Stanley Martin Schwarz Separate Property Trus and Schwarz
Current Estimated Value
Purchase Details
Listed on
Jun 29, 2023
Closed on
Oct 26, 2023
Sold by
Madsen Family Trust
Bought by
Schwarz Stanley Martin and Schwarz Andrew Kathleen
Seller's Agent
Joseph Varney
Vista Sotheby's International Realty
Buyer's Agent
VICKI MONTEZ
COLDWELL BANKER SKY RIDGE REALTY
List Price
$850,000
Sold Price
$795,000
Premium/Discount to List
-$55,000
-6.47%
Views
116
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Purchase Details
Closed on
Aug 17, 2021
Sold by
Madsen James D and Madsen Patricia
Bought by
Madsen James D and Madsen Patricia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 23, 2020
Sold by
Madsen James D and Madsen Patricia L
Bought by
Madsen James D and Madsen Patricia L
Purchase Details
Closed on
Apr 30, 2015
Sold by
Madsen James D
Bought by
The Madsen Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 26, 2010
Sold by
Spoeneman Susan I
Bought by
Madsen James D and Madsen Patricia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 1998
Sold by
Spoeneman Robert F and Spoeneman Susan I
Bought by
Spoeneman Robert F and Spoeneman Susan I
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stanley Martin Schwarz Separate Property Trus | -- | None Listed On Document | |
| Schwarz Stanley Martin | $795,000 | First American Title | |
| Madsen James D | -- | Orange Coast Title | |
| Madsen James D | -- | Orange Coast Title | |
| Madsen James D | -- | First American Title Company | |
| The Madsen Family Trust | -- | Spl Title Services | |
| Madsen James D | $350,000 | Advantage Title Inc | |
| Spoeneman Robert F | -- | -- | |
| Spoeneman Robert F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Madsen James D | $346,000 | |
| Previous Owner | The Madsen Family Trust | $329,000 | |
| Previous Owner | Madsen James D | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2023 11/09/23 | Sold | $795,000 | +2.6% | $252 / Sq Ft |
| 10/20/2023 10/20/23 | Pending | -- | -- | -- |
| 09/07/2023 09/07/23 | Price Changed | $775,000 | -2.5% | $245 / Sq Ft |
| 08/06/2023 08/06/23 | Price Changed | $795,000 | -3.6% | $252 / Sq Ft |
| 07/22/2023 07/22/23 | Price Changed | $825,000 | -2.9% | $261 / Sq Ft |
| 06/29/2023 06/29/23 | For Sale | $850,000 | -- | $269 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,774 | $719,100 | $122,400 | $596,700 |
| 2024 | $7,774 | $705,000 | $120,000 | $585,000 |
| 2023 | $6,126 | $542,937 | $69,311 | $473,626 |
| 2022 | $6,001 | $532,291 | $67,952 | $464,339 |
| 2021 | $5,935 | $521,854 | $66,620 | $455,234 |
| 2020 | $5,937 | $516,503 | $65,937 | $450,566 |
| 2019 | $5,782 | $506,375 | $64,644 | $441,731 |
| 2018 | $5,701 | $496,446 | $63,376 | $433,070 |
| 2017 | $5,598 | $486,711 | $62,133 | $424,578 |
| 2016 | $5,490 | $477,168 | $60,915 | $416,253 |
| 2015 | $4,452 | $375,911 | $45,109 | $330,802 |
| 2014 | -- | $368,547 | $44,225 | $324,322 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Varney
-
VICKI MONTEZ
Buyer's Agent in 2023
VICKI MONTEZ
COLDWELL BANKER SKY RIDGE REALTY
(909) 744-2785
22 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RW23114457
APN: 0331-381-61
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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