NOT LISTED FOR SALE

40573 Simonds Dr Big Bear Lake, CA 92315

Estimated Value: $805,000 - $1,025,000

4 Beds
5 Baths
2,744 Sq Ft
$324/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $860,000 $313 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,809/month

23 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • No HOA
  • Big Bear High School Rated A-
  • Community Lake
  • Laundry Room

About This Home

As of December 2021

VERY RARE OPPORTUNITY WITH SELLER FINANCING 1st T. D. loan. Don't miss out on this BEAUTIFUL, COZY, CHARMING TRIPLEX located in the heart of Big Bear. Just steps away from Big Bear Lake and only half a mile away from The Village. Conveniently located close to grocery stores, markets, gift shops, ski resorts, restaurants, and bars. This turn-key property comes completely furnished (including fully equipped kitchens - dishes, microwaves, furniture etc.) and is set up for short term of long term rentals immediately upon taking ownership. Units 1 and 3 have interior washer and dryer hook-ups and unit 3 comes with washer and dryer.
Unit #1: 2 bedrooms and 1 and 3/4 bath, front unit, single story, has a cozy fireplace, vintage furniture, unique master bedroom.
Unit #2: is a charming studio on the ground floor, full kitchen and full bath.
Unit #3: 2 bedroom 3/4 & 1/2 bath located in the back of the property, sits above a two car garage, has a fireplace, and a patio with beautiful lake views. Located behind the property, you can see the well-known Big Bear Bowling Barn from Unit #3.
This property could be used as a short term or year round rental property and is also compatible with Airbnb. Seller will carry the first trust deed loan with 20-30% down for approximately 10 years at a 4-4.5% interest rate. Terms are negotiable. Don't miss out on this great investment opportunity!

Last Agent to Sell the Property

Sierra Rosas

New Dimension Investment Prop License #02134596 Listed on: 11/15/2021

Last Buyer's Agent

Eustorgio Villa

Berkshire Hathaway HomeServices California Properties License #01377262

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,085

Year Built

  • Built in 1963

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,744 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 2820
  • Assessor Parcel Number 0308143040000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Community Lake
  • Mountainous Community

Recreation

  • Golf Course Community
  • Fishing

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,085

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 9498649822
  • Price Per Unit: 233000
  • Property Attached: Yes
  • Subdivision Name Other: 289 - Big Bear Area
  • Property Type: Residential Income
  • Parcel Number: 0308143040000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 313.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Golf, Lake, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Average2 Bed Area: 1092 Square Feet
  • Average Studio Area: 560 Square Feet
  • Lot Size Area: 7500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 2820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Dec 16, 2021
Sold by
Lee Gary and Chooi Lesley M
Bought by
Alvarez Cynthia
Seller's Agent
Sierra Rosas
New Dimension Investment Prop
Buyer's Agent
Eustorgio Villa
Berkshire Hathaway HomeServices California Properties
List Price
$699,000
Sold Price
$860,000
Premium/Discount to List
$161,000
23.03%
Current Estimated Value
$889,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,346
Avg. Annual Appreciation
0.88%

Purchase Details

Closed on
Feb 21, 2014
Sold by
Lee Gary and Lee Lesley C
Bought by
The Lee Family Trust

Purchase Details

Closed on
Jun 3, 1999
Sold by
Doyle Charles J Tr
Bought by
Lee Gary and Lee Lesley C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.4%
Source: Public Records

Range of Values:

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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
Alvarez Cynthia $860,000 Lawyers Title
The Lee Family Trust -- None Available
Lee Gary $225,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Gary $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $860,000 +23.0% $313 / Sq Ft
11/15/2021 11/15/21 For Sale $699,000 -- $255 / 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 $13,085 $912,639 $159,181 $753,458
2024 $13,085 $894,744 $156,060 $738,684
2023 $12,617 $877,200 $153,000 $724,200
2022 $6,411 $860,000 $150,000 $710,000
2021 $6,120 $319,489 $99,398 $220,091
2020 $6,112 $316,213 $98,379 $217,834
2019 $5,984 $310,013 $96,450 $213,563
2018 $5,786 $303,934 $94,559 $209,375
2017 $5,610 $297,975 $92,705 $205,270
2016 $5,485 $292,132 $90,887 $201,245
2015 $5,435 $287,744 $89,522 $198,222
2014 $5,356 $282,107 $87,768 $194,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21240893

California Regional Multiple Listing Service (CRMLS)

APN: 0308-143-04