Posted by: mikewochner | December 22, 2008

Big Bear Lakefront Property of the Week: 38634 North Shore Drive Fawnskin CA 92333

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38634 North Shore Drive Fawnskin CA 92333

This property IS considered a lakefront, however, it is deceptive because it doesn’t sit adjacent to Big Bear Lake.  It’s across the street (on North Shore) from the lake but has 1/9  ownership of land along the lake so it does have dock rights.  There’s a lot of steps leading up to the property but the views are spectacular. 

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This chalet style home features two bedrooms, two baths, and approximately 1404 square feet of living space.  Built in 1977 but remodeled in 2004/05, this two story home rests on the north side of Big Bear Lake in the town of Fawnskin.  Recent upgrades include new heater and water heater, new windows and sliders, window coverings, and an updated kitchen with granite counter tops.  New flooring and appliances.  Game room with wet bar.  2 rock fireplaces.  Sold fully furnished.  Spring fed water supply. 

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<Listed with Mark Dolan of Realty Executives for $500,000.  The sellers started off at $659,900 and have reduced several times at $598,000, and $575,000 before dropping it to $499,900. UPDATE: PRICE IS NOW $400,000 AS OF 5/2/2009.  It previously sold on 1/9/2006 for $575,000.  For a virtual tour, click here


Responses

  1. Would like to know if 38634 North Shore Dirve is available.

  2. Thanks for your question, Phyllis. This property isn’t currently for sale, but I know they’ve entertained the idea of putting it back on the market. Let me see if I can dig up some updated information on it and I’ll contact you if/when we can view the inside. Would that be okay?
    Mike

  3. Hello Mike, can you tell me if 38634 North Shore Drive is currently in foreclosure, or if is currently for sale on the market?

    Thank you

  4. Thank you for your question, Deborah. According to my sources, 38634 North Shore is not in foreclosure. At least, there hasn’t been a notice of default filed against it lately. And I don’t see it currently on the market.

    38646 North Shore just went back to the bank. They were trying to sell it as a short sale but the bank took it back on the 9th of this month…..$328,000 was the original loan but I believe the bank took it back for $348,679. That should be coming back on the market over the next couple weeks and that has dock rights as well….just down the street from 38634….same scenario, I believe they each own a 1/10 interest in the parcel of land which is lakefront across the street from North Shore which allows them lake access.

    Let me know if you have any other questions or if I can be of any help.

  5. Hi Mike, thanks for the quick response. I am curious about you saying “$328,000 was the original loan but I believe the bank took it back for $348,679″, does that mean the bank paid more for the house than the loan was for? Did the owner get the difference back?
    What price do you think it will be listed at this time around?
    Do you think that home can be made larger?
    Thanks for your input, we’re not at a point of being able to buy right this moment, but you never know what the rest of the year may bring; that could change!
    Thanks, Deborah

  6. I believe $328,000 was the 1st against it….there was either a second, a home equity pulled against it, or a lot of late fees/interest added to the original number. So that’s why the bank took it back for more than what the 1st was. The previous owner did not get anything back….
    My guess is it will be in the high 2′s when it comes back on the market. They had it on the market all the way until the end as a short sale at $319,000 but that didn’t happen so if the agent pulls the history he/she should be able to sway the bank into pricing it below $300k. I know they had one offer on the property but it must have been low for the bank not to postpone the trustee sale. Most of them are getting pushed back so it probably wasn’t realistic.
    No worries on the timing….it has to be right, and the numbers have to make sense. If and when you’re ready I’d be more than happy to send you other properties or set some time aside to show you what’s available.
    Thanks for your questions.

    • Hi Mike, Deborah Park again, my husband and I are staying in Fawnskin through Tuesday August 31st (leaving around noon on the 1st). I had contacted you about a couple of properties in June (I’m curious if 38646 North Shore is currently available for sale?). If you have any interesting opportunities available right now please feel free to contact me at 760-535-9280, Deborah Park


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