1039 Lausanne, Crestline, California 92325, Crestline, 92325 - 3 bed, 3 bath
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Crestline, California 92325
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1039 Lausanne Subject | $399,000* List Price | 3 | 3 | 1,870 | $206 | - |
A 622 Heatherly Sold | $300,000 | 3 | 2 | 1,693 | $177 | 0.8 mi |
B 695 Arth Drive Sold | $350,000 | 3 | 2 | 1,320 | $265 | 0.7 mi |
C 402 Delle Drive Sold | $325,000 | 3 | 3 | 1,798 | $181 | 0.8 mi |
D 993 Mercury Way Sold | $327,000 | 2 | 2 | 1,290 | $253 | 0.7 mi |
E 688 Arth Drive Sold | $435,000 | 3 | 2 | 2,555 | $170 | 0.7 mi |
F 23992 Lakeview Dr. Active | $449,000 List Price | 3 | 2 | 1,872 | $240 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
The sale is subject to lender and bank approval, which typically involves a more complex and prolonged closing timeline than a standard transaction.
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.
STOP WAITING—SAN MORITZ JUST GAVE YOU A REASON TO MOVE! Level entry, a large lot, and a location buyers love—this one has the bones, the space, and the mountain charm to become something truly special. Offering three bedrooms, 2.5 baths plus an extra bonus area and fire sprinklers, the possibilities here are BIG. Spectacular T&G ceilings and a beautiful fireplace bring in that classic mountain feel, while the oversized lot gives you room to breathe, relax, and enjoy the trees. Then there’s the seasonal stream meandering along the back of the property—because yes, mountain living really can be this charming. Located in the sought-after San Moritz area near Lake Gregory, this is the opportunity to bring your ideas, add your style, and make it YOURS. Needs a little TLC and is a SHORT SALE—SALE IS SUBJECT TO LENDER/BANK APPROVAL. See Private remarks, However, don’t wait on this KILLER OPPORTUNITY! Professional Photos will be included soon.
No exterior & parking available.
Grades K-5 • 2.2 mi
Grades K-8 • 3.7 mi
Grades 6-8 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,870 | 1,310 |
| Lot Size | 7,730 | 6,950 |
| Price | $399.0K | $385.7K |
| Price per sq ft | $213 | $283 |
| Built year | 1990 | 1966 |
| HOA | $0 | $0 |
| Days on market | 14 | 82 |
Jul 8, 2026
$399,000
Initial Listing
Jun 9, 2021
$420,000
Public Record
Jun 18, 2014
$260,000
Public Record
Jul 27, 2001
$199,500
Public Record
Feb 18, 2000
$183,000
Public Record