373 Redwood Lane, Crestline, California 92325, Crestline, 92325 - 4 bed, 3 bath

373 Redwood Lane, Crestline, California 92325 home-pic-0
ACTIVE$429,900
373 Redwood Lane, Crestline, California 92325
4Beds
3Baths
1,431Sqft
10,125Lot

Price Vs. Estimate

The estimated value ($429,900) is $0 (0%) lower than the list price ($429,900). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 10125, living area = 1431.
Top Cons:
Recent Price Reductions: The property has undergone multiple price reductions, from an original list price of $459,900 down to $429,900, which may indicate a struggle to attract buyers at previous price points or suggest potential overvaluation.

Compared to the nearby listings

Price:$429.9K vs avg $350.0K (+$79,900)75%
Size:1,431 sqft vs avg 1,375 sqft54%
Price/sqft:$300 vs avg $26667%

More Insights

Built in 1938 (87 years old).
Condition: Despite being built in 1938, the main home was extensively rebuilt with permits in 2021, making it virtually new. The kitchen features modern white shaker cabinetry, charcoal granite counters, and stainless steel appliances including a six-burner gas range. The main bathroom boasts a contemporary vanity, gold fixtures, and a separate soaking tub and shower. Engineered wood flooring in the living areas and clean carpeting in bedrooms, along with modern light fixtures and a wood stove, contribute to a fully updated, turn-key property with no visible deferred maintenance. The ADUs also appear to be in excellent, updated condition.
Year Built
1938
Close
-
List price
$430K
Original List price
$460K
Price/Sqft
$300
HOA
-
Days on market
-
Sold On
-
MLS number
CV25204865
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
ViewMountain(s), Neighborhood, Trees/Woods

About this home

New improved price—best value in Crestline for a fully furnished main home PLUS two ADUs just 1 mile from Lake Gregory. A rare turn-key opportunity for investors, Airbnb hosts, multi-generational living, or anyone seeking a versatile mountain retreat. Discover exceptional versatility just 1 mile from Lake Gregory. This upgraded Crestline property offers a fully furnished main home plus TWO ADUs—ideal for short-term rentals, extended family living, or multi-unit income production. Few homes provide this level of flexibility, privacy, and turn-key readiness. Rebuilt with permits in 2021, the main home lives like new. Enjoy a spacious living area with exposed beams, a cozy wood stove, and engineered wood flooring. The kitchen features a six-burner gas range, stainless steel appliances, charcoal granite counters, and white shaker cabinetry. The bathroom includes a separate shower and soaking tub. Bedrooms are finished in neutral, inviting tones. Both ADUs have private entrances, a kitchenette, and a ¾ bath—perfect for guests, multi-generational living, or rental income. The additional upstairs lounge above the garage adds valuable flex space for a studio, office, or game room and opens to a balcony with views of the property. Set on a near-level 10,000+ sq ft fenced lot, the grounds include a seasonal stream with two bridges, creating a rare and serene mountain setting. Parking is generous with a 1-car garage, driveway, and extra room for multiple vehicles, an RV, or a boat. A separate laundry room serves all units for added convenience. This is a rare opportuniuty to own a turn-key mountain retreat or high-demand investment property. Book your private showing today—properties like this are limited and move quickly .

Nearby schools

3/10
Valley Of Enchantment Elementary School
Public,K-50.2mi
5/10
Mary P. Henck Intermediate School
Public,6-85.3mi
/10
Rim Virtual
Public,K-85.5mi
6/10
Rim Of The World Senior High School
Public,9-125.5mi
Condition Rating
Excellent

Despite being built in 1938, the main home was extensively rebuilt with permits in 2021, making it virtually new. The kitchen features modern white shaker cabinetry, charcoal granite counters, and stainless steel appliances including a six-burner gas range. The main bathroom boasts a contemporary vanity, gold fixtures, and a separate soaking tub and shower. Engineered wood flooring in the living areas and clean carpeting in bedrooms, along with modern light fixtures and a wood stove, contribute to a fully updated, turn-key property with no visible deferred maintenance. The ADUs also appear to be in excellent, updated condition.
Pros & Cons

Pros

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 = 10125, living area = 1431.
Exceptional Income Potential & Versatility: The property features a main home plus two Accessory Dwelling Units (ADUs), explicitly marketed as a turn-key opportunity for investors, Airbnb hosts, or multi-generational living, offering significant income-generating potential and flexible usage.
Recent Renovation & Turn-key Readiness: The main home was rebuilt with permits in 2021 and is fully furnished, presenting a modern, 'like new' condition that is ready for immediate occupancy or rental without additional investment.
Prime Mountain Location: Situated just 1 mile from Lake Gregory, the property offers a desirable mountain retreat lifestyle with scenic views of mountains, trees, and a serene natural setting.
Upgraded Modern Interiors: The main home boasts a fully upgraded kitchen with high-end appliances (six-burner gas range, stainless steel), granite counters, white shaker cabinetry, and a modern bathroom with a separate shower and soaking tub.
Large, Fenced & Unique Lot: A near-level 10,000+ sq ft fenced lot provides ample outdoor space, privacy, and includes unique features like a seasonal stream with two bridges, enhancing its charm and appeal.

Cons

Recent Price Reductions: The property has undergone multiple price reductions, from an original list price of $459,900 down to $429,900, which may indicate a struggle to attract buyers at previous price points or suggest potential overvaluation.
Below-Average School Ratings: The local elementary school has a rating of 3, and the middle school a 5, which are considered average to below-average. This could be a significant drawback for families prioritizing strong public education.
Compact Living Space per Unit: With 1431 sqft distributed across a main home and two ADUs (totaling 4 beds/3 baths), the individual living spaces within each unit are likely quite compact, potentially limiting comfort for larger families or long-term stays in each separate unit.

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