23489 Lake, Crestline, California 92325, Crestline, 92325 - 1 bed, 1 bath
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Crestline, California 92325
This Mountain Residential Asset is listed at $259,000, reflecting a stable entry point into the Crestline market relative to its $232,145 Fair Market Value. Despite the valuation premium, the property offers a distinct financial advantage through an Assumable FHA Loan at an attractive rate, providing a rare entry point into the Rim of the World District. With a Condition Rating of 4, the interior features a Modernized Kitchen and Indoor Laundry, while the Oversized Deck enhances its short-term rental appeal near Lake Gregory. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23489 Lake Subject | $259,000* List Price | 1 | 1 | 536 | $433 | - |
A 22873 Fir Lane Sold | $250,000 | 1 | 1 | 552 | $453 | 1.0 mi |
B 23812 Wildwood Lane Sold | $250,000 | 2 | 1 | 704 | $355 | 0.4 mi |
C 23747 Pioneer Camp Road Active | $247,000 List Price | 2 | 1 | 621 | $398 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1930, this small cabin has received some cosmetic updates, specifically in the kitchen with newer cabinets and wood-look flooring. However, the living areas still feature dated tile flooring and older wall finishes. The exterior deck shows signs of weathering, and while the property is functional and move-in ready, it lacks the comprehensive modernization of major systems and finishes required for a higher rating.
Ideally situated at the top of Highway 138 with quick access to Highway 18, and within walking distance to Upper Crestline's historic Top Town and Lake Gregory.
The property features an assumable FHA loan at an attractive interest rate, providing a significant financing advantage in the current market.
The home boasts an upgraded kitchen with new cabinets, flooring, and a sink, along with the rare convenience of an indoor laundry area.
At only 536 square feet with a single bedroom, the living space is very compact and may not suit buyers requiring more room or storage.
The requirement to ascend stairs to reach the main entrance may pose challenges for those with mobility issues or during heavy winter snow.
Originally built in 1930, the property's age may require more frequent maintenance and potential updates to older structural or mechanical systems.
This cozy residence is located in the Mountain Resort City of Crestline. It boasts an excellent commuter location, situated at the top of Highway 138, just minutes from Highway 18. It's a short walk to Upper Crestline's historic Top Town, which offers shopping and dining, and is only 1 mile from Lake Gregory. This home is perfect for first-time buyers seeking an affordable option or for investors seeking an Airbnb opportunity. It features a one-car garage along with street parking for you and your visitors. As you ascend the stairs toward the house, you're greeted by an oversized deck, where you can relax and enjoy the views and fresh mountain air. Upon entering through the front door, you'll find a tall, open-concept ceiling in the living room, complete with a beautiful fireplace to keep you warm and cozy during the winter months. The open layout provides a view of the upgraded kitchen, which includes a new sink, cabinets, and flooring. A laundry area has also been conveniently installed inside the home. Please ask about the current assumable FHA loan at an attractive interest rate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 3% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 536 | 1,372 | 1% |
| Lot Size | 4,000 | 6,725 | 17% |
| Price | $259.0K | $362.5K | 12% |
| Price per sq ft | $483 | $267 | 98% |
| Built year | 1930 | 1965 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 210 | 31% |
Feb 13, 2026
$259,000
$264,000
-2% Price Drop
Initial Listing
Feb 3, 2026
$264,000
$269,000
-2% Price Drop
Initial Listing
Jan 27, 2026
$269,000
$274,000
-2% Price Drop
Initial Listing
Jan 16, 2026
$274,000
$279,000
-2% Price Drop
Initial Listing
Jan 9, 2026
$279,000
$289,000
-3% Price Drop
Initial Listing
Nov 7, 2025
$289,000
Initial Listing
May 27, 2022
$300,000
Public Record
Jan 2, 2020
$125,000
Public Record
Dec 29, 2015
$85,000
Public Record
Aug 17, 2011
$26,000
Public Record
Dec 8, 1998
$37,000
Public Record