NOT LISTED FOR SALE

29024 Banff Dr Lake Arrowhead, CA 92352

Estimated Value: $496,000 - $622,000

3 Beds
2 Baths
1,528 Sq Ft
$366/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $501,000 $328 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,625/month

24 Days on Market

About This Home

As of December 2021

Investor opportunity with lake rights! Mid-century style but built in '82, with all the post '78 upgrades! Enter on main level with soaring open-beamed ceilings, towering fireplace, handsome wood-encased walls, open kitchen, and a large outdoor deck. Other main level features include the ever sought-after open floor plan, two-story wall of glass, and dedicated laundry room. Upstairs you'll find a large loft where you'll retire to views of faraway city lights, and rise to sweeping vistas of the Mojave desert. Downstairs you'll find two bedrooms, a full bathroom, and a private covered balcony. Sure, there are things to be done here but you'll find few homes that can compete at this price! Bring an offer!

Last Agent to Sell the Property

Johnny Whieldon

RE/MAX LAKESIDE Listed on: 11/16/2021

RE/MAX LAKESIDE

Last Buyer's Agent

Out Of Area Agent

Out Of Area Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,845

Year Built

  • Built in 1982

Lot Details

  • 0.3

Property Views

  • City Lights
  • Woods
  • Mountain
  • Desert
  • Valley

Interior Spaces

  • 1,528 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • 0.3 Acre Lot
  • Natural Gas Connected

Community Details

  • Arrowhead Woods Subdivision

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 7417
  • Assessor Parcel Number 0329252070000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,845

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Subdivision Name Other: Arrowhead Woods
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0329252070000
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1528.00
  • Stories: 3
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Price Per Square Foot: 327.88

Exterior Features

  • View: City Lights, Desert, Mountain(s), Trees/Woods, Valley

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected, Sewer Connected
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 12964.00
  • Lot Size Acres: 0.2976

Multi Family

  • Lot Size Area: 12964.0000 Square Feet

Tax Info

  • Tax Lot: 70
  • Tax Tract Number: 7417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2022
Sold by
Armando Rivas
Bought by
Armando Rivas Living Trust
Total Days on Market
24
Current Estimated Value
$558,988

Purchase Details

Listed on
Nov 16, 2021
Closed on
Dec 3, 2021
Sold by
Comstock Robert L and Comstock Janet A
Bought by
Rivas Armando
Seller's Agent
Johnny Whieldon
RE/MAX LAKESIDE
Buyer's Agent
Out Of Area Agent
Out Of Area Office
List Price
$399,000
Sold Price
$501,000
Premium/Discount to List
$102,000
25.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%
Original Mortgage
$375,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Rivas Armando $501,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Armando $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $501,000 0.0% $328 / Sq Ft
12/15/2021 12/15/21 Off Market $501,000 -- --
12/10/2021 12/10/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $399,000 -- $261 / 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
2024 $5,845 $521,240 $104,248 $416,992
2023 $5,787 $511,020 $102,204 $408,816
2022 $5,670 $501,000 $100,200 $400,800
2021 $3,238 $269,564 $61,419 $208,145
2020 $3,237 $266,800 $60,789 $206,011
2019 $3,157 $261,569 $59,597 $201,972
2018 $3,170 $256,440 $58,428 $198,012
2017 $3,116 $251,411 $57,282 $194,129
2016 $3,061 $246,482 $56,159 $190,323
2015 $3,040 $242,779 $55,315 $187,464
2014 $2,986 $238,023 $54,231 $183,792
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RW2301988

California Regional Multiple Listing Service (CRMLS)

APN: 0329-252-07