NOT LISTED FOR SALE

924 Lakes Edge Way Lake Arrowhead, CA 92352

Estimated Value: $1,975,000 - $7,427,000

6 Beds
4.5 Baths
4,503 Sq Ft
$1,180/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $4,500,000 $999 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $33,180/month

43 Days on Market

Highlights

  • Access To Lake
  • Lake View
  • Laundry Room
  • Custom Home
  • 0.92 Acre Lot
  • 4-minute walk to Peninsula Park

About This Home

As of October 2020

Xanadu on the market! this is a rare opportunity to own just under an acre of Lakefront property including more than 400 ft of ALA frontage, not just a lakefront lot but the land of an estate. The HOUSE AND GUEST HOUSE are built in the late 1930's, with a double dock and dock house. Great Room with original clear Doug Fir floor, Granite fireplace, Master suite, game room, Sauna, 2 car garage, sports court, Lakeside spa deck and gardens creating the foundation for it's name Xanadu. Guest House is a full service unit, with fireplace in living room, kitchen and two bedrooms. This is a well appointed home enjoyed by generations and generations to come...

Last Agent to Sell the Property

WILLIAM JOHNSON

MOUNTAIN COUNTRY REALTY, INC. License #01104844 Listed on: 09/02/2020

Last Buyer's Agent

Christine Williams

KELLER WILLIAMS LAKE ARROWHEAD License #01770922

KELLER WILLIAMS LAKE ARROWHEAD

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,933

Year Built

  • Built in 1938

Lot Details

  • 0.92 Acre Lot
  • Landscaped
  • Sprinkler System

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Parking Deck

Property Views

  • Lake
  • Woods

Home Design

  • 4,503 Sq Ft Home
  • Custom Home
  • Cottage
  • Composition Roof

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Access To Lake

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 2526
  • Assessor Parcel Number 0329221190000

Community Details

Overview

  • North Shore Estates Association, Phone Number (909) 337-3055
  • Arrowhead Woods Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,933

Year Built

Built in 1938

Lot Details

0

HOA Fees

$73 per month

Parking

2

Listing Details

  • Subdivision Name Other: Arrowhead Woods
  • View: Yes
  • Architectural Style: Cottage, Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0329221190000
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Living Area: 4503.00
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 6
  • Price Per Square Foot: 999.33

Exterior Features

  • View: Lake, Trees/Woods
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Deck
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 880.00
  • Association Fee Frequency: Annually
  • Association Name: North Shore Estates
  • Phone: 909-337-3055

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 39900.00
  • Lot Size Acres: 0.9160

Multi Family

  • Lot Size Area: 39900.0000 Square Feet
  • Waterfront Features: Lake

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 2526

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Swetha Movva Estate Trust
Bought by
Wedbush Gary L and Wedbush Kelly Brady
Current Estimated Value
$5,312,866

Purchase Details

Listed on
Sep 2, 2020
Closed on
Oct 16, 2020
Sold by
Joseph James and Campobasso Laura
Bought by
Mona Swetlia
Seller's Agent
WILLIAM JOHNSON
MOUNTAIN COUNTRY REALTY, INC.
Buyer's Agent
Christine Williams
KELLER WILLIAMS LAKE ARROWHEAD
List Price
$4,500,000
Sold Price
$4,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%

Purchase Details

Listed on
Sep 2, 2020
Closed on
Aug 31, 2020
Sold by
Dragna James and Campobasso Laura
Bought by
Dragna James and Campobasso Laura
Seller's Agent
WILLIAM JOHNSON
MOUNTAIN COUNTRY REALTY, INC.
Buyer's Agent
Christine Williams
KELLER WILLIAMS LAKE ARROWHEAD
List Price
$4,500,000
Sold Price
$4,500,000

Purchase Details

Closed on
Aug 15, 2011
Sold by
Lasalle Eriq K
Bought by
Dragna James and Campobasso Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2010
Sold by
Sheppard Shelly
Bought by
Lasalle Eriq K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.93%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 12, 2001
Sold by
Lasalle Eriq
Bought by
Sheppard Shelly

Purchase Details

Closed on
Aug 16, 1999
Sold by
Zen Lake
Bought by
Lasalle Eriq K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 1999
Sold by
Miller Jessica A
Bought by
Zen Lake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1995
Sold by
Weinstein Norman
Bought by
Miller David and Miller Jessica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
7.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 1993
Sold by
Weinstein Norman
Bought by
Weinstein Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$894,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1993
Sold by
Obrien John W and Obrien Jane N
Bought by
Weinstein Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$894,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Wedbush Gary L $5,875,000 Chicago Title
Mona Swetlia $4,500,000 Stewart Title Of Ca Inc
Dragna James -- Accommodation
Dragna James -- Stewart Title Company
Lasalle Eriq K -- Old Republic Title
Sheppard Shelly -- --
Lasalle Eriq K -- Old Republic Title Company
Zen Lake $2,350,000 Old Republic Title Company
Miller David $1,650,000 Commonwealth Land Title Co
Weinstein Norman -- Union Land Title Company
Weinstein Norman -- Union Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dragna James $1,650,000
Previous Owner Lasalle Eriq K $300,000
Previous Owner Lasalle Eriq K $1,000,000
Previous Owner Miller David $1,320,000
Previous Owner Weinstein Norman $894,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2020 10/22/20 Sold $4,500,000 0.0% $999 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $4,500,000 -- $999 / 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 $57,933 $5,592,150 $3,641,400 $1,950,750
2024 $57,933 $5,482,500 $3,570,000 $1,912,500
2023 $57,374 $5,375,000 $3,500,000 $1,875,000
2022 $46,827 $4,386,000 $2,550,000 $1,836,000
2021 $46,316 $4,300,000 $2,500,000 $1,800,000
2020 $33,049 $3,024,332 $1,837,607 $1,186,725
2019 $32,141 $2,965,031 $1,801,575 $1,163,456
2018 $31,127 $2,906,893 $1,766,250 $1,140,643
2017 $30,523 $2,849,895 $1,731,618 $1,118,277
2016 $29,889 $2,794,015 $1,697,665 $1,096,350
2015 $31,041 $2,752,046 $1,672,164 $1,079,882
2014 $28,723 $2,668,138 $1,639,409 $1,028,729
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RW2201499

California Regional Multiple Listing Service (CRMLS)

APN: 0329-221-19