
Crestline, California 92325
This property presents a High-Potential Investment Opportunity with a List Price of $220,000—positioned well below the $206,709 Fair Market Value by -6%. While the property requires modernization due to its Fair Condition Rating, the 2-bedroom, 2-bath layout and mountain views offer a functional foundation. Its proximity to Lake Gregory and commuter access to San Bernardino enhances its rental appeal. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Crestline market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23775 Bowl Subject 2 bd · 2 ba · 480 sqft · $431 | $220,000* List Price | 2 | 2 | 480 | $431 | - |
A 23898 Springwater Sold 1 bd · 1 ba · 491 sqft · $458 · 0.3 mi | $225,000 | 1 | 1 | 491 | $458 | 0.3 mi |
B 23489 Lake Active 1 bd · 1 ba · 536 sqft · $427 · 0.4 mi | $229,000 List Price | 1 | 1 | 536 | $427 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is significantly aged but appears functional. The kitchen and bathrooms are dated, and the small 480 sqft footprint features older finishes. Visible safety concerns such as missing electrical outlet covers and exposed exterior wiring, combined with the age of the structure, place it in the fair category requiring minor repairs and modernization.
Priced at $220,000 with FHA and VA financing eligibility, this property offers a rare entry-level opportunity for buyers seeking a mountain home with low down payment options.
Situated just 20 minutes from North San Bernardino and close to Lake Gregory, the home balances scenic mountain living with convenient access for daily commuters.
The home features a practical 2-bedroom, 2-bathroom configuration with mountain views, off-street parking for two vehicles, and unique interior details like a copper kitchen ceiling.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 480, other record living area = 360. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
With only 480 square feet of living area, the interior space is exceptionally compact, which may be restrictive for many buyers or those with significant storage needs.
Built in 1946, the property likely features older systems and structural elements that may require ongoing maintenance or modernization to meet current efficiency standards.
Wow! Where else can you get a 2 bedroom 2 bath home with FHA or VA financing available for only $220000? Super cute home not far from town and Lake Gregory is in a great commuter location only 20 minutes from North San Bernardino. Great views, 3+ car off street parking, 1 bedroom and 1 bath on each level, a huge walk in closet downstairs and a fabulous copper ceiling in the kitchen!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 2.0 |
| Square foot | 480 | 1,239.477 |
| Lot Size | 4,725 | 6,761.744 |
| Price | $220.0K | $366.6K |
| Price per sq ft | $458 | $277 |
| Built year | 1946 | 1964 |
| HOA | $0 | $250 |
| Days on market | 47 | 76 |
Sep 7, 2026
$220,000
Initial Listing