G
Seller's Agent in 2021
Greg Yantzer
Coldwell Banker Realty
598 Spruce Rd Big Bear Lake, CA 92315
Estimated Value: $584,429 - $799,000
4
Beds
4
Baths
1,612
Sq Ft
$425/Sq Ft
Est. Value
Highlights
- Golf Course Community
- RV Access or Parking
- Community Lake
- Fishing
- Lake View
- No HOA
About This Home
As of October 2021Great investment property!! Centrally located 4-plex just steps from Big Bear Lake. Right near the marina, half mile to The Village, minutes from skiing/snowboarding, mountain biking and Big Bear Lake's nightlife. Property is fully occupied with month-to-month tenants. Would make an excellent Air BB and Big Bear has made that easier with their Vacation Rental Program (check with the city for intended usage). Upgrades in the last year include paving the driveway and parking spaces for all units, newly built retaining wall, all units have been reinforced and insulation added where needed, new windows in the rear of units 1 and 2, new exterior paint on all units, termite clearance and woodwork done one year ago, built new concrete pads for picnic tables, upgraded landscaping. Can fit up to a 25-foot RV on the newly added space at the top of the drive. Seller has also installed sewer pump/dump access and conduit to run electrical to RV pad. Other recent improvements include plumbing, electrical, water heaters, insulation, drywall, carpet, paint, blinds. Tenants pay gas and electric, owner pays water, trash. Parcel is currently legal, non-conforming for the zone, development opportunities for lodging or general commercial. This property is turnkey with all the recent improvements that have been made, but also has so much potential for the right investor!
Last Agent to Sell the Property
Greg Yantzer
Coldwell Banker Realty License #02094487 Listed on: 08/25/2021
Last Buyer's Agent
Greg Yantzer
Coldwell Banker Realty License #02094487 Listed on: 08/25/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 13,195 Sq Ft Lot
- Property fronts a county road
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Paved or Partially Paved Lot
- Gentle Sloping Lot
- Front Yard
Property Views
- Lake
- Woods
Home Design
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Fire Rated Drywall
- Composition Roof
- Metal Roof
- Wood Siding
- Pre-Cast Concrete Construction
- Asphalt
Interior Spaces
- 1,612 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Blinds
- Window Screens
- Storage
Kitchen
- Gas Oven
- Laminate Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Private Parking
- RV Access or Parking
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV
- Legal Lot and Block 11 / B
- Tax Tract Number 62
- Assessor Parcel Number 0308062020000
- $3,759 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
- Community Lake
- Mountainous Community
Recreation
- Golf Course Community
- Fishing
- Park
- Horse Trails
- Hiking Trails
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $2,922
- Trash Expense $1,092
- Water Sewer Expense $708
- Operating Expense $4,722
- Gross Income $38,520
- Net Operating Income $28,567
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2021
Closed on
Sep 8, 2021
Sold by
Caston Jon A
Bought by
Simon Sven and Simon Sara
Seller's Agent
Greg Yantzer
Coldwell Banker Realty
Buyer's Agent
Greg Yantzer
Coldwell Banker Realty
List Price
$625,000
Sold Price
$602,500
Premium/Discount to List
-$22,500
-3.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,857
Avg. Annual Appreciation
2.91%
Original Mortgage
$450,000
Outstanding Balance
$409,467
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$275,890
Purchase Details
Listed on
Feb 26, 2020
Closed on
May 20, 2020
Sold by
Ostrich James T
Bought by
Caston Jon A
Seller's Agent
John Corey
Boulder Bay Real Estate
Buyer's Agent
Nonexistant Agent
List Price
$480,000
Sold Price
$452,495
Premium/Discount to List
-$27,505
-5.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.02%
Purchase Details
Closed on
Jan 28, 2014
Sold by
Busby Melvin Laverne
Bought by
Ostrich James T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,570
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 25, 2013
Sold by
Busby Melvin Laverne
Bought by
Busby Melvin Laverne
Purchase Details
Closed on
Oct 15, 2012
Sold by
Busby Melvin L and Busby Rosemary
Bought by
Busby Melvin L and Busby Rosemary
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 |
|---|---|---|---|
| Simon Sven | $602,500 | Orange Coast Title | |
| Caston Jon A | $452,500 | Orange Coast Title Company | |
| Ostrich James T | $225,500 | Fidelity National Title Co | |
| Busby Melvin Laverne | -- | Accommodation | |
| Busby Melvin Laverne | -- | None Available | |
| Busby Melvin L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Simon Sven | $450,000 | |
| Previous Owner | Ostrich James T | $157,570 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2021 10/15/21 | Sold | $602,500 | -3.6% | $374 / Sq Ft | |
| 09/03/2021 09/03/21 | For Sale | $625,000 | +3.7% | $388 / Sq Ft | |
| 09/02/2021 09/02/21 | Pending | -- | -- | -- | |
| 09/01/2021 09/01/21 | Off Market | $602,500 | -- | -- | |
| 08/25/2021 08/25/21 | For Sale | $625,000 | +38.1% | $388 / Sq Ft | |
| 06/16/2020 06/16/20 | Sold | $452,495 | -5.7% | $281 / Sq Ft | View Prior Sale |
| 05/13/2020 05/13/20 | Pending | -- | -- | -- | |
| 02/26/2020 02/26/20 | For Sale | $480,000 | 0.0% | $298 / Sq Ft | |
| 11/21/2013 11/21/13 | Rented | $600 | 0.0% | -- | |
| 10/22/2013 10/22/13 | Under Contract | -- | -- | -- | |
| 08/08/2013 08/08/13 | For Rent | $600 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $11,963 | $639,378 | $212,242 | $427,136 |
| 2024 | $11,523 | $626,841 | $208,080 | $418,761 |
| 2023 | $10,965 | $614,550 | $204,000 | $410,550 |
| 2022 | $8,868 | $466,326 | $190,655 | $275,671 |
| 2021 | $8,474 | $457,183 | $186,917 | $270,266 |
| 2020 | $6,282 | $252,314 | $140,225 | $112,089 |
| 2019 | $6,161 | $247,366 | $137,475 | $109,891 |
| 2018 | $5,129 | $242,515 | $134,779 | $107,736 |
| 2017 | $4,967 | $237,760 | $132,136 | $105,624 |
| 2016 | $4,855 | $233,098 | $129,545 | $103,553 |
| 2015 | $4,810 | $229,597 | $127,599 | $101,998 |
| 2014 | $3,696 | $127,610 | $54,931 | $72,679 |
Source: Public Records
Agents Affiliated with this Home
-
-
John Corey
Seller's Agent in 2020
John Corey
Boulder Bay Real Estate
(909) 556-3053
35 in this area
61 Total Sales
-
N
Buyer's Agent in 2020
Nonexistant Agent
-
Jeanine Hart
J
Seller's Agent in 2013
Jeanine Hart
Mountain Lake Properties, Inc
(909) 659-6553
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21182339
APN: 0308-062-02
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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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