23304 Crest Forest, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
23304 Crest Forest
Crestline, California 92325
Property Price
SUMMARY
Analysis of 23304 Crest Forest, Crestline, California 92325 reveals a property with a current list price of $538,000, which is 11% above the estimated $484,357 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Crestline Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23304 Crest Forest Subject | $538,000* List Price | 3 | 2 | 2,356 | $206 | - |
A 22781 Ponderosa Drive Sold | $549,000 | 4 | 3 | 3,149 | $174 | 0.7 mi |
B 22972 Valley View Drive Sold | $590,000 | 4 | 3 | 3,282 | $180 | 0.5 mi |
C 23387 Knapps Cutoff Active | $499,000 List Price | 3 | 3 | 2,250 | $222 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
While the property boasts recent updates like new flooring, paint, and a modern split ductless HVAC system, the kitchen and bathrooms show significant signs of being outdated. The kitchen features traditional dark wood cabinets, dark laminate countertops, older white appliances, and a dated fluorescent light fixture. The bathroom's tile work also appears to be 15-25 years old. These areas would require minor updates to meet current aesthetic standards, despite the home being move-in ready and having updated major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Income Potential
The property is currently configured as three separate units with proven rental income ($1800 for the bottom unit) and offers the flexibility to easily convert back to a single-family residence, appealing to both investors and owner-occupants seeking rental income.
- Extensive Modern Renovations
Recently 'completely renovated' with a split ductless HVAC system for heating and AC, newer flooring, and fresh paint, ensuring modern comfort and reducing immediate maintenance needs for a new owner.
- Prime Recreational Location
Situated under 2 miles from Lake Gregory, providing easy access to kayaking, fishing, and waterslides, along with walkability to local shops and restaurants, significantly enhancing its lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Property Type Discrepancy
Listed as a 'Single Family Residence' but described as 'currently three units,' which could lead to complications with financing, insurance, or zoning if not properly addressed and verified by potential buyers.
- Significant Recent Price Appreciation
The property was acquired for $320,000 in 2023 and is now listed at $538,000. While renovations are noted, this substantial price increase in a short timeframe may warrant careful valuation scrutiny by buyers and lenders.
- Multi-Level Layout Challenges
As a 'spacious multi level property,' it may present accessibility challenges for individuals with mobility issues or those preferring single-level living, potentially limiting the buyer pool.
About 23304 Crest Forest
This house is currently three units and can easily be converted back to one house. This is a great opportunity in a great location. Bottom unit is 2bdrm 1 bath, Middle and top units are both 1 bdrm and 1 bath units. Home has been completely renovated with split ductless HVAC system for heating and AC, Gas wall heater in top and bottom units, Newer flooring and paint, Bottom unit rents for $1800. Washer and dryer hook ups in bottom unit and shared washer and dryer on second level. Spacious multi level property with parking for 6 cars. Cozy up to the fireplace in the upper unit or the wood stove in the middle unit. Under 2 miles to the lake where you can Kayak, fish, water slide, etc. Walk to shops and restaurants or stay home and relax in the huge courtyard with mountain ambiance.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 9,368 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,356 | 1,320 | 93% |
| Lot Size | 9,368 | 6,608 | 74% |
| Price | $538.0K | $360.0K | 90% |
| Price per sq ft | $228 | $273 | 26% |
| Built year | 1960 | 1966 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 220 | 7% |
Pricing History
Listed for Sale
Feb 3, 2026
$538,000
$543,000
-1% Price Drop
Initial Listing
Price Change
Dec 29, 2025
$543,000
Initial Listing
Sold
Dec 11, 2023
$320,000
Public Record
Sold
Jul 2, 2012
$86,000
Public Record
Sold
May 25, 2006
$295,000
Public Record
Sold
Mar 26, 2004
$175,000
Public Record