
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 3 bd · 3 ba · 1,870 sqft · $173 | $325,000* List Price | 3 | 3 | 1,870 | $173 | - |
A 24687 San Moritz Sold 3 bd · 2 ba · 1,786 sqft · $203 · 0.6 mi | $362,000 | 3 | 2 | 1,786 | $203 | 0.6 mi |
B 622 Heatherly Sold 3 bd · 2 ba · 1,693 sqft · $177 · 0.8 mi | $300,000 | 3 | 2 | 1,693 | $177 | 0.8 mi |
C 24066 Lakeview Drive Sold 2 bd · 2 ba · 2,272 sqft · $134 · 0.5 mi | $305,000 | 2 | 2 | 2,272 | $134 | 0.5 mi |
D 24988 Crest Forest Sold 2 bd · 1 ba · 1,160 sqft · $209 · 0.8 mi | $242,250 | 2 | 1 | 1,160 | $209 | 0.8 mi |
E 402 Delle Drive Sold 3 bd · 3 ba · 1,798 sqft · $181 · 0.8 mi | $325,000 | 3 | 3 | 1,798 | $181 | 0.8 mi |
F 24672 Bernard Drive Active 4 bd · 3 ba · 2,030 sqft · $172 · 0.4 mi | $350,000 List Price | 4 | 3 | 2,030 | $172 | 0.4 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.
Some homes just need someone with imagination—and a little patience. This one's waiting in San Moritz, one of those spots near Lake Gregory that people keep coming back to, year after year. Walk in on the level, and the bones are all here: three bedrooms, two and a half baths, plus a bonus space that's begging to become whatever your life needs—a home office, a craft room, maybe a workshop. The warm tongue-and-groove ceilings pull you in first, then the fireplace takes over. It's the kind of mountain character you can't fake or retrofit; it just comes with the house. Out back, the woods do the rest. There's a seasonal stream trickling through the rear of the property—in spring, it's the sound track for your mornings. In fall, it's quiet, still, and entirely yours. Now, let's be honest about the fine print: this home needs TLC, and it's a short sale, which means the lender has to approve the deal before it closes. That adds a step—but for the right buyer, it's also why the price makes sense. Bring your vision, roll up your sleeves, and you could be the person who takes a tired mountain charmer and makes it something special. Full-time home, weekend retreat, or somewhere in between—the bones, the setting, and the location are already decided. All that's missing is you. The details are in the Private Remarks, and opportunities like this don't sit around.
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 | 2.8 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,870 | 1,239.477 |
| Lot Size | 7,730 | 6,761.744 |
| Price | $325.0K | $366.6K |
| Price per sq ft | $174 | $277 |
| Built year | 1990 | 1964 |
| HOA | $0 | $250 |
| Days on market | 108 | 76 |
Oct 7, 2026
$325,000
$350,000
-7% Price Drop
Initial Listing
Jul 26, 2026
$350,000
$399,000
-12% Price Drop
Initial Listing
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