23035 Waters, Crestline, California 92325, Crestline, 92325 - 2 bed, 1 bath
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23035 Waters
Crestline, California 92325
ACTIVE
CONDITION: GOOD
2Beds
1Baths
960Sq Ft
3,236Lot Size
Property Price
LIST PRICE$275,000
EST. MARKET VALUE
$275,000
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $300,000—positioned well below the $307,302 Fair Market Value by 2%. This valuation gap offers $7,302 in Instant Equity. Featuring a Condition Rating of 3, the home offers a modern kitchen and move-in ready interior, complemented by a spacious backyard and scenic mountain views. Located in the Rim of the World school district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a tranquil mountain retreat.
Estimated Market Value
$275,000
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 |
|---|---|---|---|---|---|---|
★ 23035 Waters Subject 2 bd · 1 ba · 960 sqft · $286 | $275,000* List Price | 2 | 1 | 960 | $286 | - |
A 447 Valley Sold 1 bd · 1 ba · 760 sqft · $357 · 0.3 mi | $271,000 | 1 | 1 | 760 | $357 | 0.3 mi |
B 22934 Waters Sold 1 bd · 2 ba · 876 sqft · $314 · 0.1 mi | $275,000 | 1 | 2 | 876 | $314 | 0.1 mi |
C 723 Ca-138 Sold 2 bd · 2 ba · 960 sqft · $328 · 0.7 mi | $315,000 | 2 | 2 | 960 | $328 | 0.7 mi |
D 757 N Village Lane N Sold 2 bd · 1 ba · 1,090 sqft · $263 · 0.6 mi | $287,000 | 2 | 1 | 1,090 | $263 | 0.6 mi |
E 23413 Knapps Cutoff Sold 1 bd · 1 ba · 775 sqft · $323 · 0.6 mi | $250,000 | 1 | 1 | 775 | $323 | 0.6 mi |
F 23388 Knapps Cutoff Sold 3 bd · 2 ba · 1,324 sqft · $268 · 0.5 mi | $354,900 | 3 | 2 | 1,324 | $268 | 0.5 mi |
G 22838 Waters Active 1 bd · 1 ba · 680 sqft · $294 · 0.3 mi | $199,999 List Price | 1 | 1 | 680 | $294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1930, the interior shows a recent renovation (likely within 5-10 years) featuring a modern kitchen with stone countertops, shaker cabinets, and stainless steel appliances. The home has updated flooring and fresh paint, making it move-in ready, though the exterior wood stairs and decking show some weathering that prevents an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Recreational Location
Situated in a tranquil mountain community with close proximity to the lake, this property is perfectly positioned for outdoor enthusiasts and those seeking a weekend getaway.
- Generous Outdoor Living
The home features a spacious backyard, a rare find for mountain cabins, providing ample room for outdoor entertaining, gardening, or potential expansion.
- Scenic Mountain Views
The property offers beautiful mountain views, enhancing the serene atmosphere and providing a picturesque backdrop for year-round living.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1930, the home likely requires updates to its original systems and structural elements to meet modern efficiency and building standards.
- Limited Interior Privacy
With under 1,000 square feet and a loft serving as the second bedroom, the layout offers limited privacy and may feel restrictive for larger families.
About 23035 Waters
Seller Motivated! Mountain getaway at an incredible value. This charming Crestline retreat offers 2 bedrooms(including versatile loft), 1 bathroom, and the peaceful mountain lifestyle buyers are looking for. Enjoy the spacious deck, fenced backyard also featuring a charming apple tree, seasonal creek, and convenient flat-entry parking—a rare and highly desirable feature in the mountains! The property is conveniently located on a main street that is plowed during the winter, providing easier seasonal access. Located just minutes from Lake Gregory, local shopping, dining, and outdoor recreation, this home is perfect as a weekend escape, vacation retreat, investment opportunity, or full-time mountain residence.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 3,236 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.3 mi
3/10
Mary P. Henck Intermediate School
Grades 6-8 • 5.2 mi
5/10
Rim Virtual
Grades K-8 • 5.4 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 1.0 | 2.0 |
| Square foot | 960 | 1,239.477 |
| Lot Size | 3,236 | 6,761.744 |
| Price | $275.0K | $366.6K |
| Price per sq ft | $286 | $277 |
| Built year | 1930 | 1964 |
| HOA | $0 | $250 |
| Days on market | 114 | 76 |
Pricing History
Listed for Sale
Sep 13, 2026
$275,000
$289,999
-5% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$289,999
$300,000
-3% Price Drop
Initial Listing
Price Change
Jul 2, 2026
$300,000
Initial Listing
Sold
Mar 20, 2025
$275,000
Public Record
Sold
Mar 16, 2022
$260,000
Public Record
Sold
Nov 4, 2020
$110,000
Public Record
Sold
Aug 10, 2018
$150,000
Public Record
Sold
Jul 27, 2016
$75,000
Public Record