24812 Lake Gregory, Crestline, California 92325, Crestline, 92325 - 3 bed, 3 bath
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24812 Lake Gregory
Crestline, California 92325
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,956Sq Ft
8,310Lot Size
Property Price
LIST PRICE$565,000
EST. MARKET VALUE
$487,068
16% AboveMARKET VALUE
SUMMARY
This Single Family Residence presents a High-Potential Investment Opportunity, listed at $565,000—positioned well above the $487,069 Fair Market Value by 16%. While the price reflects a premium, the property offers significant value-add potential through its separate studio apartment and large 8,310 sqft lot. With a Condition Rating of 5, the home requires modernization, yet features a 3-year-old roof and private deck views. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a quiet, private setting.
Estimated Market Value
$487,068
Based on Realkey algorithm analyzing recent comparable sales in Crestline.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24812 Lake Gregory Subject | $565,000* List Price | 3 | 3 | 1,956 | $249 | - |
A 595 Arbula Sold | $405,000 | 3 | 3 | 1,692 | $239 | 0.8 mi |
B 24776 Basel Sold | $400,000 | 2 | 2 | 1,237 | $323 | 0.4 mi |
C 25089 Moon Sold | $490,000 | 3 | 3 | 1,464 | $335 | 1.0 mi |
D 1163 Jungfrau Active | $418,000 List Price | 4 | 3 | 1,817 | $230 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1989, the property is 35 years old, falling into the >30y category. The kitchen and bathrooms are original to the build with dated oak cabinetry and tile countertops, and the exterior wood decking shows significant weathering. Despite a 3-year-old roof, the home requires major updates and rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8310, living area = 1956.
- Income Potential
The property features a separate studio with its own kitchen below the garage, offering excellent potential for rental income, a home office, or a private guest suite.
- Privacy and Outdoor Space
Situated in a secluded pocket of only four homes, the property boasts a large 8,310 sqft lot with front, side, and back decks, providing exceptional privacy and serenity.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned elementary school has a lower rating of 3, which may be a drawback for families prioritizing high-performing local educational institutions.
- Verification Requirements
The listing emphasizes that all information is not guaranteed, requiring significant buyer due diligence regarding the permitting and official bedroom count of the studio space.
About 24812 Lake Gregory
Well-kept three bedroom and two bath home with a separate loft, and studio below the garage with its own kitchen. Could be 4 bedrooms and an apartment? This location is in a pocket of only 4 homes, very private and quiet. Home is complete with high ceilings, a fireplace, private bedrooms, master bathroom tub, back exit with long seating bench, and of course a separate studio complete with kitchen. Roof is 3 years old. Not to mention a front, side, and back decks to enjoy endless serenity. Larger lot and strategic location of the house gives you a large side yard for playing, additional parking, or a garden. Back yard is also generous. If you are looking for a commuter friendly home, close enough to shopping and weekend festivities, then this is the home for you. Call for an appointment. Buyer and buyers agent to perform their own inspections, investigations, and due diligence. Information contained herein will are not guaranteed, warrantied, nor implied.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 8,310 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Crestline Unified Schools
Valley Of Enchantment Elementary School
Grades K-5 • 2.8 mi
3/10
Rim Virtual
Grades K-8 • 3.3 mi
0/10
Mary P. Henck Intermediate School
Grades 6-8 • 3.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,956 | 1,278.077 |
| Lot Size | 8,310 | 6,910.923 |
| Price | $565.0K | $363.9K |
| Price per sq ft | $289 | $276 |
| Built year | 1989 | 1964 |
| HOA | $0 | $250 |
| Days on market | 6 | 72 |
Pricing History
Listed for Sale
Sep 3, 2026
$565,000
Initial Listing
Sold
Sep 21, 2020
$295,000
Public Record
Sold
Jul 24, 2003
$245,000
Public Record
Sold
Jun 22, 2000
$189,500
Public Record
Sold
Mar 1, 1995
$133,000
Public Record