1039 Lausanne, Crestline, California 92325, Crestline, 92325 - 3 bed, 3 bath
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1039 Lausanne
Crestline, California 92325
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,870Sq Ft
7,730Lot Size
Property Price
LIST PRICE$350,000
EST. MARKET VALUE
$344,824
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $385,097 Fair Market Value by -3%. While the property requires TLC, its Fair Condition Rating and 7,730 sqft lot offer significant value-add potential. Featuring T&G ceilings, a seasonal stream, and a large deck, the home provides a solid foundation for renovation. Located in the San Moritz area near Lake Gregory, this asset is ideal for Fix-and-Flip Investors or Contractors seeking a project with mountain charm.
Estimated Market Value
$344,824
Based on Realkey algorithm analyzing recent comparable sales in Crestline.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1039 Lausanne Subject | $350,000* List Price | 3 | 3 | 1,870 | $184 | - |
A 595 Arbula Sold | $405,000 | 3 | 3 | 1,692 | $239 | 0.7 mi |
B 622 Heatherly Sold | $300,000 | 3 | 2 | 1,693 | $177 | 0.8 mi |
C 24066 Lakeview Drive Sold | $305,000 | 2 | 2 | 2,272 | $134 | 0.5 mi |
D 24738 Nestal Court Sold | $335,000 | 3 | 2 | 1,482 | $226 | 0.4 mi |
E 402 Delle Drive Sold | $325,000 | 3 | 3 | 1,798 | $181 | 0.8 mi |
F 688 Arth Drive Sold | $435,000 | 3 | 2 | 2,555 | $170 | 0.7 mi |
G 1163 Jungfrau Active | $418,000 List Price | 4 | 3 | 1,817 | $230 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1990 (36 years old), the property falls into the >30y category with no evidence of major renovations. The kitchen features dated tile countertops and original cabinetry, and the listing explicitly mentions the need for TLC and a short sale status, indicating deferred maintenance and a need for rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7730, living area = 1870.
- Prime Location & Lot Features
Situated in the highly sought-after San Moritz area near Lake Gregory, this property offers a rare level entry and a large lot featuring a charming seasonal stream.
- Authentic Mountain Charm
The interior boasts classic mountain aesthetics with spectacular tongue-and-groove ceilings and a beautiful fireplace, providing a strong foundation for a high-end remodel.
CONSRISKS & DEFICIENCIES
- Short Sale Contingency
The sale is subject to lender and bank approval, which typically involves a more complex and prolonged closing timeline than a standard transaction.
- Deferred Maintenance
The property is noted to need 'TLC,' indicating that the buyer will need to budget for immediate repairs and cosmetic updates to bring the home to its full potential.
About 1039 Lausanne
SAN MORITZ OPPORTUNITY WITH SPACE, CHARACTER, AND SERIOUS UPSIDE! Set on a generously sized lot in one of Crestline’s most desirable mountain neighborhoods, this home offers the setting, layout, and classic details to create something truly special. Enjoy the ease of level entry, three bedrooms, 2.5 baths, plus a versatile bonus area that can be used for a home office, game room, guest space, or additional lounge. Dramatic tongue-and-groove ceilings and a striking fireplace bring warmth and authentic mountain character to the interior, while fire sprinklers add an extra layer of functionality. Outside, the oversized lot is surrounded by mature trees and offers plenty of room to relax, entertain, or simply enjoy the peaceful mountain setting. A seasonal stream along the rear of the property adds even more charm and creates the kind of natural backdrop that makes mountain living feel like an escape. Located in the sought-after San Moritz area near Lake Gregory, this property is ready for a buyer with vision. Bring your ideas, add your own style, and unlock the potential of this mountain home. Property needs TLC and is being sold as a SHORT SALE. SALE IS SUBJECT TO LENDER/BANK APPROVAL. Please read Private Remarks for important details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 7,730 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Crestline Unified Schools
Valley Of Enchantment Elementary School
Grades K-5 • 2.2 mi
3/10
Rim Virtual
Grades K-8 • 3.7 mi
0/10
Mary P. Henck Intermediate School
Grades 6-8 • 3.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,870 | 1,278.077 |
| Lot Size | 7,730 | 6,910.923 |
| Price | $350.0K | $363.9K |
| Price per sq ft | $187 | $276 |
| Built year | 1990 | 1964 |
| HOA | $0 | $250 |
| Days on market | 63 | 72 |
Pricing History
Listed for Sale
Jul 26, 2026
$350,000
$399,000
-12% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$399,000
Initial Listing
Sold
Jun 9, 2021
$420,000
Public Record
Sold
Jun 18, 2014
$260,000
Public Record
Sold
Jul 27, 2001
$199,500
Public Record
Sold
Feb 18, 2000
$183,000
Public Record