NOT LISTED FOR SALE

722 Summit Big Bear Lake, CA 92315

Estimated Value: $657,240 - $931,000

4 Beds
4 Baths
1,920 Sq Ft
$414/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $590,000 $307 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,742/month

19 Days on Market

About This Home

As of August 2020

THE ULTIMATE Short term Rental DUPLEX! THIS LIKE-NEW LOG-STYLE SNOW SUMMIT DUPLEX IS JUST STEPS FROM THE SLOPES OFFERING AMAZING SHORT TERM RENTAL POTENTIAL. EACH UNIT INCLUDES 2 BEDROOMS, 2 BATHS, ROCK FIREPLACE, CENTRAL HEATING, VAULTED CEILINGS, OPEN FLOOR PLAN, EXTENSIVE DECKING, FENCED BACK YARD, LAUNDRY AREA, FLAT OFF-STREET PARKING & CLOSE TO VILLAGE, SHOPPING AND LAKE! 2 Cabins can be opened up and used as one large cabin for families to Live in one and rent the other, either vacation or long term rental while enjoying the mountain lifestyle. Perfect for first time residential income investors

Last Agent to Sell the Property

Brenden Bowman

eXp Realty of California, Inc. License #01986504 Listed on: 05/15/2020

eXp Realty of California, Inc.

Last Buyer's Agent

Nonexistant Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 7,700 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2328-073-03-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Multi Unit Residential
  • Cross Street: evergreen dr
  • Stories: One Story
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1920

Exterior Features

  • Frontage: Fronts Other
  • St Frontage: 70

Lot Info

  • Location: Stand Alone
  • Lot Size Sq Ft: 7700
  • Parcel Number: 2328-073-03-0000
  • Sec Side Lot Dim: 110
  • Topography: Level

Multi Family

  • Investment Type: Residential Investment - Units
  • Number Of Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2020
Closed on
Jun 5, 2020
Sold by
Sorlie William C and The William Sorlie Revocable F
Bought by
Sorensen Christopher Ryan
Seller's Agent
Brenden Bowman
eXp Realty of California Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$595,000
Sold Price
$585,000
Premium/Discount to List
-$10,000
-1.68%
Current Estimated Value
$790,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,868
Avg. Annual Appreciation
5.66%
Original Mortgage
$493,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2018
Sold by
Sorlie William C
Bought by
The William Sorlie Revocable Family Trus

Purchase Details

Listed on
Apr 10, 2018
Closed on
May 17, 2018
Sold by
Lindemann Stephen and Lindemann Leslie J
Bought by
Sorlie William C
Seller's Agent
Denise Randle
Re/Max Big Bear
Buyer's Agent
Nonexistant Agent
List Price
$579,900
Sold Price
$555,000
Premium/Discount to List
-$24,900
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%

Purchase Details

Closed on
Jul 6, 2015
Sold by
Lindemann Stephen F and Lindemann Leslie J
Bought by
The Lindemann Family Revocable Living Tr

Purchase Details

Closed on
May 21, 2013
Sold by
Yonan Alan and Yonan Carol
Bought by
Lindemann Stephen and Lindemann Leslie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2008
Sold by
Grp Loan Llc
Bought by
Yonan Alan and Yonan Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2008
Sold by
Weltch Robert
Bought by
Grp Loan Llc

Purchase Details

Closed on
Dec 15, 2005
Sold by
Weltch Barbara
Bought by
Weltch Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 2005
Sold by
Eastwater Development Inc
Bought by
Weltch Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2005
Sold by
Westland Elizabeth A and Westland John T
Bought by
Eastwater Development Inc

Purchase Details

Closed on
Mar 3, 2005
Sold by
Wilson Jason G and Wilson Kristine L
Bought by
Westland John T and Westland Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2004
Sold by
Wilson Jason G and Wilson Kristine L
Bought by
Wilson Jason G and Wilson Kristine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Wilson Jason G and Wilson Kristine L
Bought by
Wilson Jason G and Wilson Kristine L

Purchase Details

Closed on
May 28, 2003
Sold by
Breshears Shawn and Breshears Felicia
Bought by
Wilson Jason G and Wilson Kristine L

Purchase Details

Closed on
Aug 8, 2002
Sold by
Denio Dale W
Bought by
Breshears Shawn and Breshears Felicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
6.37%
Mortgage Type
Seller Take Back
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
Sorensen Christopher Ryan $585,000 Ticor Title San Diego Branch
Sorlie William C -- Ticor Title San Diego Branch
The William Sorlie Revocable Family Trus -- None Available
Sorlie William C $555,000 Lawyers Title Company
The Lindemann Family Revocable Living Tr -- None Available
Lindemann Stephen $420,000 Lawyers Title
Yonan Alan $410,000 First American Title Ins Co
Grp Loan Llc $450,000 Commonwealth
Grp Loan Llc $450,000 None Available
Weltch Robert -- Fidelity National Title Co
Weltch Robert $695,000 Fidelity National Title Co
Eastwater Development Inc -- --
Westland John T $490,000 Fidelity National Title Co
Wilson Jason G -- First American
Wilson Jason G -- --
Wilson Jason G $65,000 First American
Breshears Shawn $62,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sorensen Christopher Ryan $493,000
Previous Owner Lindemann Stephen $210,000
Previous Owner Yonan Alan $305,000
Previous Owner Weltch Robert $556,000
Previous Owner Westland John T $275,000
Previous Owner Wilson Jason G $238,000
Previous Owner Breshears Shawn $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2020 08/26/20 Sold $590,000 -0.8% $307 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $595,000 +7.2% $310 / Sq Ft
06/15/2018 06/15/18 Sold $555,000 -4.3% $289 / Sq Ft View Prior Sale
05/15/2018 05/15/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $579,900 +38.1% $302 / Sq Ft
07/22/2013 07/22/13 Sold $420,000 -1.2% $219 / Sq Ft View Prior Sale
07/08/2013 07/08/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $425,000 -- $221 / Sq Ft
Source: Mountain Resort Communities Association of Realtors®

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 $7,759 $633,223 $119,068 $514,155
2024 $7,759 $620,807 $116,733 $504,074
2023 $7,565 $608,634 $114,444 $494,190
2022 $7,305 $596,700 $112,200 $484,500
2021 $7,136 $585,000 $110,000 $475,000
2020 $7,233 $577,422 $93,636 $483,786
2019 $7,053 $566,100 $91,800 $474,300
2018 $5,721 $452,497 $64,643 $387,854
2017 $5,581 $443,624 $63,375 $380,249
2016 $5,461 $434,925 $62,132 $372,793
2015 $5,417 $428,392 $61,199 $367,193
2014 $5,320 $420,000 $60,000 $360,000
Source: Public Records

Agents Affiliated with this Home

  • Brenden Bowman

    Seller's Agent in 2020

    Brenden Bowman

    eXp Realty of California, Inc.

    (818) 968-7179

    3 in this area

    12 Total Sales

    Brenden Bowman
    Section Image

  • N

    Buyer's Agent in 2020

    Nonexistant Agent

  • Denise Randle

    Seller's Agent in 2018

    Denise Randle

    RE/MAX

    (909) 838-6521

    39 in this area

    56 Total Sales

    Denise Randle
    Section Image
  • Paul Zamoyta

    Seller's Agent in 2013

    Paul Zamoyta

    Vista Sotheby's International

    (909) 366-0720

    58 in this area

    76 Total Sales

    Paul Zamoyta
    Section Image
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Map

Source: Mountain Resort Communities Association of Realtors®

MLS Number: 32001830

Mountain Resort Communities Association of Realtors®

APN: 2328-073-03

California San Bernardino County Big Bear Lake 92315

722 Summit, Big Bear Lake, CA

Not Listed for Sale

MultiFamily

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