373 Redwood Lane, Crestline, California 92325, Crestline, 92325 - 4 bed, 3 bath
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Crestline, California 92325
This property presents a Strong Value Opportunity with a List Price of $367,000—positioned well below the $407,268 Fair Market Value by 9%. This valuation gap offers $40,268 in Instant Equity. Featuring a 2021 Rebuilt Main Residence with an Excellent Condition Rating, the property includes two additional bungalows, offering significant Multi-Unit Income Potential. With expansive Mountain Views and a large 10,125 sqft lot, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 373 Redwood Lane Subject | $367,000* List Price | 4 | 3 | 1,431 | $285 | - |
A 22945 Redwood Way Sold | $325,000 | 2 | 2 | 1,628 | $200 | 0.1 mi |
B 264 Forest Circle Sold | $368,000 | 3 | 2 | 1,472 | $250 | 0.4 mi |
C 855 Deer Pending | $379,000 List Price | 3 | 2 | 1,344 | $282 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The main residence was completely rebuilt with permits in 2021, placing it well within the <5-year renovation window for an excellent rating. It features a modern kitchen with high-end stainless steel appliances, a designer bathroom with contemporary tile and fixtures, and updated flooring throughout. The systems are recently updated, and the property is in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10125, living area = 1431.
The property features three distinct living units, including a main home and two detached bungalows, offering exceptional versatility for short-term rentals, long-term tenants, or multigenerational living.
The main residence was rebuilt with permits in 2021 and features an upgraded kitchen and bathroom, providing the peace of mind of modern construction within a charming mountain setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1431, other record living area = 839. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
While the main house is nearly new, the two additional bungalows date back to 1982, which may lead to inconsistent maintenance requirements across the different units.
The local elementary school carries a low rating of 3/10, which may be a drawback for families prioritizing high-performing public education districts.
Welcome to 373 Redwood Ln! With plenty of parking available in the driveway and being offered FURNISHED! This beautiful mountain home offers charm, versatility, and incredible potential with additional living units, making it an excellent opportunity for income generation or multigenerational living. The main home features 2 bedrooms, a beautifully updated bathroom, a spacious living room, and an upgraded kitchen designed for both comfort and functionality & the main house was rebuilt with permits in 2021. The two bungalows were built in 1982. Enjoy the convenience of a separate laundry room and relax on the beautiful wooden deck, perfect for taking in the peaceful mountain surroundings. In addition to the main home, the property includes a detached unit complete with its own kitchen, bathroom, and an upstairs loft area, offering flexibility for guests, rental income, or extended family. A third studio style unit also features its own kitchen and full bathroom, creating even more possibilities. Step outside to enjoy a beautiful upstairs wooden deck, along with an additional storage area or bonus space to unwind and fully embrace mountain living. The large backyard provides plenty of room for entertaining, gardening, or simply enjoying the serene setting. This unique property is full of possibilities and is a must see. Schedule your showing today!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 5.3 mi
Grades K-8 • 5.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 1,431 | 1,357 | 55% |
| Lot Size | 10,125 | 7,020 | 75% |
| Price | $367.0K | $369.5K | 49% |
| Price per sq ft | $256 | $281 | 37% |
| Built year | 1938 | 1964 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 161 | 1% |
May 20, 2026
$367,000
Initial Listing
Jun 22, 2022
$410,000
Public Record
Mar 6, 1998
$60,500
Public Record
Dec 15, 1997
$40,000
Public Record