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Big Bear Lake, California
BANK OWNED, FORECLOSURE!!! Approximately $100 per square foot of living space!!! Amazing deal for a contractor or handyman to develop this into an amazing mountain retreat/compound!!! 1/3 of an acre, mostly ALL FLAT lot too on this Tri Level Home with probably the most combined interior square footage in this community. This one is a fixer and will likely need a cash buyer or hard money loan due to condition. This home is huge and on a very large lot (approximately 1/3 of an acre) with easy access to highway 18 and has a very good central location between resort areas in Big Bear and Lake Arrowhead. The house has a finished basement level, bottom level or first floor with an area of approx 784 sq ft (per tax records) that is useable in the overall square footage. The bottom level/basement has a sliding glass door and multiple large glass windows that open to the exterior so it is NOT A SUBTERRANEAN BASEMENT. It is more like a huge family room with a bedroom and bathroom on the first floor. MAKE AN OFFER.
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Based on the household income you entered, you fall under the USDA Rural Housing Loan cap. This is a government-backed program that allows zero down payment on eligible mountain properties — lower mortgage insurance than FHA and more flexible credit than conventional.
It’s not widely advertised, but most homes in our mountain communities qualify.