1112 Coldwater Drive, Frazier Park, CA 93225, Frazier Park, 93225 - 3 bed, 2 bath
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1112 Coldwater Drive
Frazier Park, CA 93225
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
2,759Sq Ft
12,632Lot Size
Property Price
LIST PRICE$469,900
EST. MARKET VALUE
$494,623
4% BelowMARKET VALUE
SUMMARY
This Renovated Single Family Residence is a High-Potential Investment Opportunity, listed at $469,900—positioned well below the $494,623 Fair Market Value by 4%. This valuation gap offers $24,723 in Instant Equity. Featuring a Mint Condition Rating with modern kitchen finishes and a large 12,632 sqft lot, the property provides immediate move-in readiness. With distant mountain views and a versatile floor plan, this asset balances lifestyle appeal with financial upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value.
Estimated Market Value
$494,623+$24,723 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Frazier Park.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1112 Coldwater Drive Subject | $469,900* List Price | 3 | 2 | 2,759 | $179 | - |
A 1324 Pinetree Drive Active | $459,000 List Price | 3 | 3 | 2,097 | $219 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1973, the property has undergone a comprehensive recent renovation (likely <5 years). The kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances. The interior boasts new laminate flooring, fresh carpet, and updated fixtures, presenting a move-in ready, mint condition interior.
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 = 12632, living area = 2759.
- Generous Living Space
With 2,759 square feet featuring two separate living rooms and a large primary suite with a fireplace, this home offers an expansive and versatile floor plan rarely found at this price point.
- Prime Lot and Accessibility
The property sits on a large, flat 12,632 square foot lot with level access, providing easier winter navigation and more usable outdoor space than typical sloped mountain parcels.
CONSRISKS & DEFICIENCIES
- Distressed Property Status
As a Freddie Mac owned (REO) foreclosure, the home is likely sold in as-is condition, which may require the buyer to budget for deferred maintenance or unforeseen repairs.
- Remote Location
Situated 50 miles from major city centers and several miles from the nearest schools, the property's mountain location may be a drawback for those requiring a short daily commute or immediate proximity to urban amenities.
About 1112 Coldwater Drive
1112 Coldwater Drive, Pinon Pines Freddie Mac Owned | 3 Bed | 2.5 Bath | 2-Car Garage This property is eligible under the Freddie Mac First Look initiative through 9/26/2026. Enjoy mountain living on a large, flat lot at an elevation of 5570 feet. This home offers two spacious living rooms--one upstairs and one downstairs--plus a large bedroom with a fireplace and en suite bathroom. A two-car garage and level access complete the property. Pinon Pines is about 50 miles from the city and provides easy access to the Los Padres National Forest. Winters bring snow, and the area is known for clean air. Roads are maintained and plowed in winter. Annual HOA dues are only $650.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 12,632 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650 / Month
Neighborhood Insights
Frazier Park Unified Schools
Frazier Park Elementary School
Grades K-4 • 5.8 mi
4/10
Frazier Mountain High School
Grades 9-12 • 9.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,759 | 1,564.667 |
| Lot Size | 12,632 | 5,468 |
| Price | $469.9K | $344.9K |
| Price per sq ft | $170 | $227 |
| Built year | 1973 | 1989 |
| HOA | $650 | $0 |
| Days on market | 12 | 175 |
Pricing History
Listed for Sale
Aug 28, 2026
$469,900
Initial Listing
Sold
Sep 26, 2023
$550,000
Public Record
Sold
Aug 21, 2017
$159,500
Public Record
Sold
Jul 16, 2004
$300,000
Public Record