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24194 Zurich Drive, Crestline, California 92325, Crestline, 92325 - 3 bed, 3 bath

24194 Zurich Drive, Crestline, California 92325 home-pic-0
ACTIVE$425,000
24194 Zurich Drive, Crestline, California 92325
3Beds
3Baths
1,404Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($292,754.305) is $132,245.695 (31%) lower than the list price ($425,000). This property may be overpriced.

Key pros and cons

Top Pros:
Stunning Lake Views: The property offers stunning views of Lake Gregory, providing a picturesque and serene environment.
Top Cons:
Significant Valuation Discrepancy: The current listing price is 31% higher than the estimated property value, indicating potential overpricing or challenges with appraisal.

Compared to the nearby listings

Price:$425.0K vs avg $350.0K (+$75,000)73%
Size:1,404 sqft vs avg 1,375 sqft53%
Price/sqft:$303 vs avg $26672%

More Insights

Built in 1954 (71 years old).
Condition: The property, built in 1954, is significantly outdated. The kitchen features extremely old appliances, including a vintage coil-top electric stove that appears to be 50+ years old, along with dated wood cabinets and laminate countertops. Bathrooms also show considerable age with outdated vanities, fixtures, and basic tiling, likely from 30-40 years ago. The presence of wall heaters and a window AC unit indicates a lack of central HVAC, which is a major system deficiency. While the structure appears functional, the property requires substantial rehabilitation and replacement of major components (kitchen, bathrooms, HVAC) to meet modern living standards and comfort, moving it beyond 'Fair' condition.
Year Built
1954
Close
-
List price
$425K
Original List price
$445K
Price/Sqft
$303
HOA
-
Days on market
-
Sold On
-
MLS number
IG25162889
Home ConditionPoor
Features
Good View: Lake
Deck
ViewLake

About this home

Charming Rustic Cabin with Lake Views! Welcome to your dream getaway! This delightful 3-bedroom, 2.5-bathroom cabin offers a cozy escape in a picturesque forest setting. Size: 1,404 SQFT of living space on a generous 6,000 SQFT lot. Built: 1954, exuding rustic charm ready for your personal touch. Views: Enjoy stunning views of Lake Gregory, perfect for serene mornings and breathtaking sunsets. Location: Ideally situated within walking distance to the lake, grocery stores, and town shopping, providing both convenience and nature at your doorstep. **Additional Features: ** - Multiple sheds for extra storage or hobbies. - A covered deck to relax and soak in the tranquil surroundings. - An excellent vantage point for watching fireworks on the 4th of July, making holiday celebrations even more special! **Bonus: ** All furniture is included! Move right in or use it as a rental opportunity—this property is **priced to sell**! Don’t miss out on this rustic cabin gem nestled among the trees. Schedule your viewing today and experience the charm for yourself!

Condition Rating
Poor
The property, built in 1954, is significantly outdated. The kitchen features extremely old appliances, including a vintage coil-top electric stove that appears to be 50+ years old, along with dated wood cabinets and laminate countertops. Bathrooms also show considerable age with outdated vanities, fixtures, and basic tiling, likely from 30-40 years ago. The presence of wall heaters and a window AC unit indicates a lack of central HVAC, which is a major system deficiency. While the structure appears functional, the property requires substantial rehabilitation and replacement of major components (kitchen, bathrooms, HVAC) to meet modern living standards and comfort, moving it beyond 'Fair' condition.
Pros & Cons

Pros

Stunning Lake Views: The property offers stunning views of Lake Gregory, providing a picturesque and serene environment.
Exceptional Walkability & Location: Ideally situated within walking distance to the lake, grocery stores, and town shopping, offering both convenience and access to nature.
Turnkey & Furnished: All furniture is included, making the property ready for immediate move-in or use as a rental, adding significant value and convenience.
Income/Rental Potential: Explicitly marketed as a 'rental opportunity,' suggesting potential for generating passive income.
Outdoor Amenities & Rustic Charm: Features multiple sheds for storage/hobbies and a covered deck for relaxation, complementing its charming rustic cabin aesthetic.

Cons

Significant Valuation Discrepancy: The current listing price is 31% higher than the estimated property value, indicating potential overpricing or challenges with appraisal.
Age of Construction: Built in 1954, the property is an older structure which may require ongoing maintenance, system updates, or renovations to meet modern standards.
History of Price Reductions: Multiple price drops from the original list price suggest difficulty in attracting buyers at previous price points, potentially signaling market resistance or perceived overvaluation.

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