22728 Ponderosa, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
Loading property details...
22728 Ponderosa
Crestline, California 92325
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,632Sq Ft
7,000Lot Size
Property Price
LIST PRICE$339,000
EST. MARKET VALUE
$322,897
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $369,999—positioned well below the $355,768 Fair Market Value by -3%. Featuring a Fair Condition Rating (5/10), this 1,632 sqft home requires significant structural and system updates. The availability of an adjacent parcel provides unique expansion potential near Lake Gregory. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full mountain retreat value.
Estimated Market Value
$322,897
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 |
|---|---|---|---|---|---|---|
★ 22728 Ponderosa Subject 3 bd · 2 ba · 1,632 sqft · $198 | $339,000* List Price | 3 | 2 | 1,632 | $198 | - |
A 295 Spruce Sold 3 bd · 2 ba · 1,366 sqft · $223 · 0.9 mi | $305,000 | 3 | 2 | 1,366 | $223 | 0.9 mi |
B 1051 Playground Drive Sold 2 bd · 2 ba · 1,234 sqft · $263 · 0.2 mi | $325,000 | 2 | 2 | 1,234 | $263 | 0.2 mi |
C 22726 Ponderosa Drive Pending 2 bd · 2 ba · 1,054 sqft · $269 · 0.0 mi | $284,000 List Price | 2 | 2 | 1,054 | $269 | 0.0 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 1928 and explicitly marketed as an 'investor opportunity' that 'needs work' and 'tools,' indicating the property requires a full rehab. While the provided image shows a recently renovated bathroom, the listing description confirms the overall structure and systems need significant updating to be considered move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Expansion Potential
The availability of an adjacent parcel for purchase offers a unique opportunity to expand the property footprint or explore additional development possibilities.
- Prime Location
Situated just minutes from Lake Gregory, the property provides excellent access to local recreational activities, enhancing its appeal as a mountain retreat or vacation rental.
- Value-Add Opportunity
With 1,632 square feet of living space and a three-bedroom layout, this home offers significant upside for investors to build equity through strategic renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7000, other record lot size in square feet = 6286.
- Extensive Repairs Required
The property is explicitly marketed as needing work, indicating that a substantial budget for updates and repairs will be necessary to make it habitable.
- Aging Infrastructure
Originally built in 1928, the home likely requires costly modernizations to its structural, electrical, and plumbing systems to meet current building standards.
About 22728 Ponderosa
MOUNTAIN HOME INVESTOR OPPORTUNITY! This 3- bedroom, 2- bathroom home offers excellent potential for those looking for a renovation or investment project. The property needs work and presents an opportunity to update, improve, and add value while creating a mountain retreat. This great home is minutes from Lake Gregory Lake too. The ADDITIONAL PARCEL DIRECTLY ADJACENT TO THE PROPERTY is also available for sale, offering the potential to expand the property footprint or explore additional possibilities. Bring your vision, tools and creativity to this mountain property and unlock its potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 0.8 mi
3/10
Mary P. Henck Intermediate School
Grades 6-8 • 5.8 mi
5/10
Rim Virtual
Grades K-8 • 5.8 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,632 | 1,239.477 |
| Lot Size | 7,000 | 6,761.744 |
| Price | $339.0K | $366.6K |
| Price per sq ft | $208 | $277 |
| Built year | 1928 | 1964 |
| HOA | $0 | $250 |
| Days on market | 16 | 76 |
Pricing History
Listed for Sale
Oct 23, 2026
$339,000
$369,999
-8% Price Drop
Initial Listing
Price Change
Oct 8, 2026
$369,999
Initial Listing
Sold
May 4, 2021
$15,000
Public Record
Sold
Sep 30, 2020
$147,500
Public Record
Sold
Oct 9, 2013
$40,000
Public Record