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22864 Alder Lane, Crestline, California 92325, Crestline, 92325 - 2 bed, 2 bath

22864 Alder Lane, Crestline, California 92325 home-pic-0
ACTIVE$319,000
22864 Alder Lane, Crestline, California 92325
2Beds
2Baths
972Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($301,029.375) is $17,970.625 (5%) lower than the list price ($319,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable VA Loan: The property offers a highly attractive assumable VA loan at 2.49%, providing significant savings in today's market and a substantial financial advantage for eligible buyers.
Top Cons:
Age of Property: Built in 1940, the property is an older home, which despite upgrades, may present potential for unforeseen maintenance issues or require updates to certain systems over time.

Compared to the nearby listings

Price:$319.0K vs avg $347.0K ($-28,000)40%
Size:972 sqft vs avg 1,364 sqft28%
Price/sqft:$328 vs avg $26684%

More Insights

Built in 1940 (85 years old).
Condition: Built in 1940, this home has received some functional updates like a mini-split AC system and newer stainless steel refrigerator. However, the kitchen features dated honey oak cabinets and basic countertops, and the overall interior style, including wood panel ceilings and carpeting, suggests renovations that are likely 15-30 years old rather than recent. While well-maintained and move-in ready, it requires minor cosmetic updates to align with current styles and standards, particularly in the kitchen and bathrooms (which are not fully visible but likely match the kitchen's era).
Year Built
1940
Close
-
List price
$319K
Original List price
$325K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
IV25196459
Home ConditionFair
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

Assume a 2.49% VA Loan – Save Big in Today’s Market! Cozy Upgraded Mountain Home with Workshop, Deck & Room to Grow! Step into this beautifully upgraded mountain home, featuring a spacious kitchen with abundant cabinets and countertops—perfect for cooking and entertaining. The living room, centered around a cozy fireplace, invites relaxation, while the oversized loft serves as a flexible second bedroom or bonus space. With 1 1/2 bathrooms, a laundry room, and a mini-split AC system for those warmer days, comfort is always within reach. Entertain in the rear yard with a large sun deck, or take advantage of the expansive workshop with extra storage for all your projects and hobbies. The generous corner lot, bordered by three streets, provides ample parking including an RV and even the potential to add an ADU. Located just two miles from Lake Gregory, you’ll enjoy endless outdoor recreation. The charming town of Crestline offers fresh mountain air, friendly neighbors, and the slower pace of life that makes mountain living so special.

Nearby schools

3/10
Valley Of Enchantment Elementary School
Public,•K-5•0.2mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•5.4mi
/10
Rim Virtual
Public,•K-8•5.6mi
6/10
Rim Of The World Senior High School
Public,•9-12•5.6mi
Condition Rating
Fair
Built in 1940, this home has received some functional updates like a mini-split AC system and newer stainless steel refrigerator. However, the kitchen features dated honey oak cabinets and basic countertops, and the overall interior style, including wood panel ceilings and carpeting, suggests renovations that are likely 15-30 years old rather than recent. While well-maintained and move-in ready, it requires minor cosmetic updates to align with current styles and standards, particularly in the kitchen and bathrooms (which are not fully visible but likely match the kitchen's era).
Pros & Cons

Pros

Assumable VA Loan: The property offers a highly attractive assumable VA loan at 2.49%, providing significant savings in today's market and a substantial financial advantage for eligible buyers.
ADU Potential & Ample Parking: Situated on a generous corner lot, the property offers ample parking, including RV space, and the valuable potential to add an Accessory Dwelling Unit (ADU), enhancing future value and flexibility.
Upgraded Interior & Functional Spaces: Features a beautifully upgraded interior, including a spacious kitchen with abundant cabinets and countertops, a cozy fireplace, and a mini-split AC system, ensuring comfort and modern living.
Outdoor Living & Workshop: Includes a large sun deck in the rear yard perfect for entertaining, and an expansive workshop with extra storage, catering to hobbies, projects, and outdoor enjoyment.
Desirable Mountain Location: Located just two miles from Lake Gregory, offering endless outdoor recreation, fresh mountain air, and the charming, slower-paced lifestyle of Crestline.

Cons

Age of Property: Built in 1940, the property is an older home, which despite upgrades, may present potential for unforeseen maintenance issues or require updates to certain systems over time.
Compact Square Footage: With 972 sqft, the property might be considered compact for some buyers, potentially limiting space for larger families or those desiring more expansive living areas.
Above Estimated Value: The current list price is approximately 7% above the property's estimated value, which could be a point of negotiation for buyers or suggest a slightly higher entry cost compared to market estimates.

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