23898 Springwater, Crestline, California 92325, Crestline, 92325 - 1 bed, 1 bath
Loading property details...
Crestline, California 92325
This High-Potential Investment Opportunity is a Single Family Residence listed at $199,999, positioned well below the $202,549 Fair Market Value by 1%. This valuation gap offers $2,550 in Instant Equity. With a Fair Condition Rating, the property serves as a value-add asset requiring cosmetic updates. Its Double Corner Lot and Massive Deck provide significant rental appeal near Lake Gregory. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23898 Springwater Subject | $199,999* List Price | 1 | 1 | 491 | $413 | - |
A 23747 Pioneer Camp Road Active | $247,000 List Price | 2 | 1 | 621 | $398 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1928, this cottage is well-maintained and move-in ready but significantly dated. The presence of older wall heaters, portable radiators, and 20+ year old interior finishes like the teal attic carpeting and basic cabinetry indicates the property has not had a major renovation in over 20 years, fitting the 'Fair' criteria for needing cosmetic updates.
The property is ideally situated within walking distance of Lake Gregory and downtown Crestline, offering easy access to shops, restaurants, and recreational activities.
Offered fully furnished and move-in ready at a budget-friendly price point, this cottage is perfectly positioned for an immediate vacation rental or weekend getaway.
Situated on a rare double corner lot, the home features a massive deck nestled in the forest canopy, significantly enhancing the usable living area and mountain experience.
With only 491 square feet of interior space, the home's compact footprint may be too restrictive for full-time residency or buyers requiring significant storage.
Originally built in 1928, the nearly century-old structure may necessitate more frequent maintenance and potential upgrades to modern systems compared to newer builds.
Hidden deep in the trees of Crestline, yet just moments from the jewel of Lake Gregory and the heart of town, this enchanting mountain cottage feels like it belongs in the pages of a fairytale. Originally built in 1928, this storybook retreat blends timeless character with cozy mountain living. Tucked among towering pines on a rare double corner lot, the home welcomes you with a massive deck nestled into the forest canopy—the perfect place to enjoy morning coffee, evening sunsets, or the peaceful sounds of nature. Offered fully furnished, this budget-friendly getaway is move-in or vacation-rental ready. Inside, you'll discover warm wood accents, inviting living spaces, and a charming attic that has been thoughtfully reimagined into a spacious bedroom with two beds, creating plenty of room for family and guests. Convenient features include washer and dryer hookups, a covered carport, and easy year-round access. Best of all, you're within walking distance of Lake Gregory and just steps from Crestline's shops, restaurants, and local favorites. Whether you're searching for a cozy weekend escape, a full-time mountain home, or an affordable investment opportunity, this magical cottage offers the perfect blend of charm, location, and value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 491 | 1,310 |
| Lot Size | 5,072 | 6,950 |
| Price | $200.0K | $385.7K |
| Price per sq ft | $407 | $283 |
| Built year | 1928 | 1966 |
| HOA | $0 | $0 |
| Days on market | 6 | 82 |
Jul 16, 2026
$199,999
Initial Listing
Jan 29, 2014
$65,000
Public Record
Oct 24, 2002
$87,000
Public Record
Sep 17, 1997
$47,500
Public Record
Aug 7, 1996
$43,000
Public Record
Mar 29, 1996
$25,000
Public Record