24812 Lake Gregory, Crestline, California 92325, Crestline, 92325 - 5 bed, 3 bath
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24812 Lake Gregory
Crestline, California 92325
ACTIVE
CONDITION: FAIR
5Beds
3Baths
1,956Sq Ft
8,310Lot Size
Property Price
LIST PRICE$505,000
EST. MARKET VALUE
$467,038
8% AboveMARKET VALUE
SUMMARY
This Hybrid Residential Property is a Strong Value Opportunity, listed at $505,000—positioned well below the $467,039 Fair Market Value by 8%. Featuring a Condition Rating of 4, the home offers a unique layout with a separate studio apartment and private decks, providing significant income potential. While the bedroom count requires verification, the large 8,310 sqft lot and Rim of the World school district access ensure long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, value-add asset.
Estimated Market Value
$467,038
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 5 bd · 3 ba · 1,956 sqft · $239 | $505,000* List Price | 5 | 3 | 1,956 | $239 | - |
A 24686 Altdorf Sold 4 bd · 3 ba · 2,098 sqft · $206 · 0.2 mi | $431,500 | 4 | 3 | 2,098 | $206 | 0.2 mi |
B 24687 San Moritz Sold 3 bd · 2 ba · 1,786 sqft · $203 · 0.7 mi | $362,000 | 3 | 2 | 1,786 | $203 | 0.7 mi |
C 24502 Albrun Court Sold 3 bd · 3 ba · 1,944 sqft · $291 · 0.4 mi | $565,000 | 3 | 3 | 1,944 | $291 | 0.4 mi |
D 595 Arbula Sold 3 bd · 3 ba · 1,692 sqft · $239 · 0.8 mi | $405,000 | 3 | 3 | 1,692 | $239 | 0.8 mi |
E 24722 Bernard Drive Sold 4 bd · 3 ba · 1,632 sqft · $239 · 0.1 mi | $390,000 | 4 | 3 | 1,632 | $239 | 0.1 mi |
F 24622 Bernard Sold 4 bd · 4 ba · 2,385 sqft · $212 · 0.3 mi | $505,000 | 4 | 4 | 2,385 | $212 | 0.3 mi |
G 24571 Geneva Sold 3 bd · 3 ba · 1,822 sqft · $329 · 0.4 mi | $600,000 | 3 | 3 | 1,822 | $329 | 0.4 mi |
H 1163 Jungfrau Active 4 bd · 3 ba · 1,817 sqft · $230 · 0.3 mi | $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
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989 (35+ years old), the home is dated with original-style oak cabinetry, tile countertops, and older bathroom fixtures. While the roof is recently updated (3 years old), the interior finishes and weathered exterior wood decks require modernization and minor maintenance to meet current 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 under the garage complete with its own kitchen, offering excellent potential for rental income, a guest apartment, or a multi-generational living setup.
- Privacy and Outdoor Living
Situated in a secluded pocket of only four homes, the property boasts a large lot with front, side, and back decks, providing exceptional privacy and ample space for outdoor recreation and gardening.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Non-Traditional Bedroom Count
While marketed as five bedrooms, the functional layout consists of three bedrooms, a loft, and a separate studio, which may complicate financing appraisals or fail to meet the needs of buyers requiring five traditional bedrooms.
- Pricing Volatility
A significant $60,000 price reduction within the first 30 days on the market suggests the initial list price was misaligned with market value, which can sometimes lead to buyer hesitation.
About 24812 Lake Gregory
Seller says 5 bedrooms but is actually three bedrooms, a loft with a closet, and finally a studio under the garage complete with kitchen. Could be 4 bedrooms and an apartment? Could be a rental? This location is in a pocket of only 4 homes, very private and quiet. Somehwhat not visible from the main road. 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. Master bath complete with spa tub with jets. 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
- 5
- 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 | 5.0 | 2.8 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,956 | 1,239.477 |
| Lot Size | 8,310 | 6,761.744 |
| Price | $505.0K | $366.6K |
| Price per sq ft | $258 | $277 |
| Built year | 1989 | 1964 |
| HOA | $0 | $250 |
| Days on market | 51 | 76 |
Pricing History
Listed for Sale
Sep 19, 2026
$505,000
$565,000
-11% Price Drop
Initial Listing
Price Change
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