3204 Mccray, Lake Isabella, CA 93240, Lake Isabella, 93240 - 3 bed, 3 bath
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3204 Mccray
Lake Isabella, CA 93240
ACTIVE
CONDITION: POOR
3Beds
3Baths
2,317Sq Ft
27,007Lot Size
Property Price
LIST PRICE$289,000
EST. MARKET VALUE
$303,708
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $289,000—positioned well below the $303,709 Fair Market Value by 4%. This valuation gap offers $14,709 in Instant Equity. Featuring a Fair Condition Rating, the home requires modernization to reach its full potential. The 0.62-acre lot and panoramic lake views provide a strong foundation for value-add renovations. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a project with significant upside in the scenic Squirrel Valley.
Estimated Market Value
$303,708+$14,708 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Isabella.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3204 Mccray Subject 3 bd · 3 ba · 2,317 sqft · $131 | $289,000* List Price | 3 | 3 | 2,317 | $131 | - |
A 3512 Oakwood Road Active 2 bd · 2 ba · 1,728 sqft · $145 · 0.4 mi | $249,999 List Price | 2 | 2 | 1,728 | $145 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1984 (40 years old) and the listing lacks any mention of recent renovations to the kitchen, bathrooms, or major systems, placing it in the >30y category. The exterior photo shows significant deferred maintenance with overgrown, dry vegetation, suggesting the home likely requires substantial rehab and updates to its original 1980s features.
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 = 27007, living area = 2317.
- Scenic Views & Outdoor Living
The property boasts stunning views of Isabella Lake and the surrounding mountains, complemented by two elevated decks that provide excellent space for relaxation and entertaining.
- Spacious & Versatile Floor Plan
With 2,317 square feet of living space, the home includes a dedicated office, a family room with a wet bar, and a large 0.62-acre lot, offering significant room for various lifestyle needs.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 1984, the interior may require cosmetic updates or functional upgrades to align with contemporary design trends and modern energy efficiency standards.
- Exterior Maintenance Demands
The expansive 0.62-acre lot and multiple wooden decks will require ongoing maintenance and fire-safe landscaping to preserve the property's condition and safety.
About 3204 Mccray
3204 McCray Road, Lake Isabella, CA 93240 Spacious Home with Lake Views in Desirable Squirrel Valley! Discover the perfect combination of space, comfort, and scenic beauty in this inviting 3-bedroom, 2.5-bath home offering approximately 2,317 square feet of living space on a generous 0.62-acre lot in the desirable Squirrel Valley area of Lake Isabella. This two-story home features a versatile floor plan with a spacious living room, formal dining area, breakfast nook, and dedicated office space. Upstairs, enjoy a comfortable family room complete with a wet bar and wood-burning stove, creating the perfect setting for relaxing or entertaining. One of the property's standout features is its beautiful views of Isabella Lake and the surrounding mountains. Two elevated decks provide wonderful spaces to enjoy your morning coffee, entertain guests, or simply take in the peaceful surroundings. Additional highlights include an attached two-car garage, central air conditioning, a fenced backyard, and plenty of outdoor space for gardening, recreation, or creating your own private retreat. Situated in the scenic Kern River Valley, this property offers convenient access to Lake Isabella's boating, fishing, hiking, and year-round outdoor recreation. Whether you're searching for a full-time residence, weekend getaway, or mountain retreat, 3204 McCray Road offers exceptional space, beautiful scenery, and the opportunity to enjoy the Lake Isabella lifestyle. Come experience the views and possibilities this property has to offer! Property Highlights 3 bedrooms | 2.5 bathrooms Approximately 2,3
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 27,007 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 2,317 | 828 |
| Lot Size | 27,007 | 8,967 |
| Price | $289.0K | $125.0K |
| Price per sq ft | $125 | $151 |
| Built year | 1984 | 1965 |
| HOA | $0 | $0 |
| Days on market | 9 | 28 |
Pricing History
Listed for Sale
Oct 15, 2026
$289,000
Initial Listing
Sold
Nov 19, 2020
$280,000
Public Record
Sold
Jun 30, 2005
$290,000
Public Record
Sold
Apr 17, 1998
$80,000
Public Record