NOT LISTED FOR SALE

489 Wabash Ave Big Bear, CA 92314

Estimated Value: $235,000 - $276,000

2 Beds
1 Bath
760 Sq Ft
$331/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $200,000 $263 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,598/month

189 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Private Yard
  • Hiking Trails
  • Living Room

About This Home

As of February 2024

Great news for investors! The price of 489 Wabash in Sugarloaf, CA, has been drastically reduced to just $225,000. This AS IS property, perfect for cosmetic upgrades, is an excellent opportunity for those looking to invest in a long-term or short-term rental.

This home features 2 bedrooms, 1 bathroom, and spans 760 sq ft, situated on a generous 2,375 sq ft lot. Built in 1978, it's located in the peaceful Sugarloaf community, offering a serene setting and proximity to local amenities.

Ideal for investors seeking to capitalize on the rental market, this property offers versatility for both long-term residents or short-term vacation stays. It will be delivered vacant, providing a clean slate for renovations and customization.

Don’t miss out on this chance to own a valuable investment property at a significantly reduced price.

Last Agent to Sell the Property

CESAR ROLDAN

FORMATIC PROPERTY MANAGEMENT License #02061889 Listed on: 07/17/2023

Last Buyer's Agent

Erin Lanza

RE/MAX Big Bear License #01825817

RE/MAX Big Bear

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • 2,375 Sq Ft Lot
  • Private Yard
  • Property is zoned BV/RS

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room
  • Mountain Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 5 / 10
  • Tax Tract Number 1754
  • Assessor Parcel Number 2350523050000
  • $1,154 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: BV/RS
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2350523050000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 760.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 263.16
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

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

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 2375.00
  • Lot Size Acres: 0.0545

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2375.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 114.08
  • Tax Lot: 5
  • Tax Tract Number: 1754
  • TaxOtherAnnualAssessmentAmount: 1154.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Jan 26, 2024
Sold by
Tamoush Family Trust
Bought by
Ironwood Mountain Group Llc
Seller's Agent
CESAR ROLDAN
FORMATIC PROPERTY MANAGEMENT
Buyer's Agent
Erin Lanza
RE/MAX Big Bear
List Price
$295,000
Sold Price
$200,000
Premium/Discount to List
-$95,000
-32.2%
Views
155
Current Estimated Value
$251,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,919
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Jan 7, 1999
Sold by
Tamoush Philip and Tamoush Artemis
Bought by
Tamoush Philip P and Tamoush Artemis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,900
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 1999
Sold by
Tamoush Philip
Bought by
Tamoush Philip P and Tamoush Artemis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,900
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 1998
Sold by
Tamoush Philip and Tamoush Artemis
Bought by
Tamoush Philip P and Tamoush Artemis C

Purchase Details

Closed on
Oct 16, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tamoush Philip and Tamoush Artemis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,250
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1997
Sold by
Waldemar Mehlig and Waldemar Enriqueta Mehlig
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ironwood Mountain Group Llc $200,000 Chicago Title
Tamoush Philip P -- Universal Title
Tamoush Philip P -- --
Tamoush Philip P -- Universal Title Company
Tamoush Philip P -- --
Tamoush Philip $45,000 Commonwealth Land Title Co
Federal Home Loan Mortgage Corporation $40,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tamoush Philip P $37,900
Previous Owner Tamoush Philip $38,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $200,000 -11.1% $263 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $225,000 -13.5% $296 / Sq Ft
12/15/2023 12/15/23 Price Changed $260,000 -2.1% $342 / Sq Ft
08/22/2023 08/22/23 Price Changed $265,500 -10.0% $349 / Sq Ft
07/17/2023 07/17/23 For Sale $295,000 -- $388 / 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 $3,484 $200,000 $40,000 $160,000
2024 $2,017 $70,444 $15,655 $54,789
2023 $1,928 $69,063 $15,348 $53,715
2022 $1,831 $67,709 $15,047 $52,662
2021 $1,781 $66,381 $14,752 $51,629
2020 $1,756 $65,701 $14,601 $51,100
2019 $1,717 $64,413 $14,315 $50,098
2018 $1,648 $63,150 $14,034 $49,116
2017 $1,596 $61,912 $13,759 $48,153
2016 $1,553 $60,698 $13,489 $47,209
2015 $1,519 $59,786 $13,286 $46,500
2014 $1,488 $58,615 $13,026 $45,589
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    CESAR ROLDAN

    FORMATIC PROPERTY MANAGEMENT

    (951) 394-0030

    5 in this area

    32 Total Sales

    CESAR ROLDAN
    Section Image
  • Erin Lanza

    Buyer's Agent in 2024

    Erin Lanza

    RE/MAX

    (909) 744-2291

    97 in this area

    213 Total Sales

    Erin Lanza
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23131617

California Regional Multiple Listing Service (CRMLS)

APN: 2350-523-05

California San Bernardino County Big Bear 92314

489 Wabash Ave, Big Bear, CA

Not Listed for Sale

Detached

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