385 Wylerhorn Drive, Crestline, California 92325, Crestline, 92325 - 4 bed, 3 bath

385 Wylerhorn Drive, Crestline, California 92325 home-pic-0
ACTIVE$499,995
385 Wylerhorn Drive, Crestline, California 92325
4Beds
3Baths
1,902Sqft
7,370Lot

Price Vs. Estimate

The estimated value ($441,299.8) is $58,695.2 (11%) lower than the list price ($499,995). This property may be overpriced.

Key pros and cons

Top Pros:
Strong Income Potential: The property is a fully operational and profitable AirBnB, generating over $50,000 annually, making it an attractive investment opportunity.
Top Cons:
Significant Price Reductions: The property has experienced multiple price drops from its original list price of $615,000 to $499,995, potentially indicating market resistance or initial overpricing.

Compared to the nearby listings

Price:$500.0K vs avg $350.0K (+$149,995)87%
Size:1,902 sqft vs avg 1,375 sqft78%
Price/sqft:$263 vs avg $26449%

More Insights

Built in 1989 (36 years old).
Condition: Built in 1989, this property is well-maintained and functional, but key areas like the kitchen and bathrooms show signs of being outdated. The kitchen features updated stainless steel appliances, but the tiled countertops and traditional oak cabinets are from an earlier era. Bathrooms are clean with basic white tiled showers, but lack modern updates. While the flooring is in good condition, and the overall property is move-in ready, it would benefit from cosmetic updates to bring it to a more contemporary standard.
Year Built
1989
Close
-
List price
$500K
Original List price
$615K
Price/Sqft
$263
HOA
-
Days on market
-
Sold On
-
MLS number
IG25057106
Home ConditionFair
Features
Excellent View: Mountain(s), Trees/Woods
Deck
ViewMountain(s), Trees/Woods

About this home

**Introducing a Charming modern 4-Bedroom Home! ** Willing to sell fully furnished for $25,000 Discover this delightful property featuring 4 spacious bedrooms and 3 full bathrooms—ideal for both living and entertaining. Nestled amidst the serene beauty of lush forest trees, this residence offers **breathtaking views** that will captivate nature enthusiasts and provide a peaceful retreat. With a generous 2-car garage, this home perfectly blends tranquility with practicality. Although the tax rolls indicate this property as a 3-bedroom, 2.5-bath home, it is, in fact, a 4-bedroom, 3-full-bath residence offering greater versatility. This fully operational and profitable AirBnB currently generates over **$45,000** annually, with additional rentals from other sites ranging between $5,000 and $7,000 annually. Don't miss out on this irresistible opportunity that combines comfort and charm.

Condition Rating
Fair

Built in 1989, this property is well-maintained and functional, but key areas like the kitchen and bathrooms show signs of being outdated. The kitchen features updated stainless steel appliances, but the tiled countertops and traditional oak cabinets are from an earlier era. Bathrooms are clean with basic white tiled showers, but lack modern updates. While the flooring is in good condition, and the overall property is move-in ready, it would benefit from cosmetic updates to bring it to a more contemporary standard.
Pros & Cons

Pros

Strong Income Potential: The property is a fully operational and profitable AirBnB, generating over $50,000 annually, making it an attractive investment opportunity.
Exceptional Natural Views: Nestled amidst lush forest trees, the residence offers breathtaking mountain and tree views, providing a peaceful and desirable retreat.
Spacious & Versatile Layout: Features 4 spacious bedrooms and 3 full bathrooms, offering greater versatility and living space than indicated by public tax records.
Turnkey Furnishing Option: The option to purchase the home fully furnished for an additional $25,000 provides a convenient, move-in ready solution for buyers or investors.
Practical Garage Space: Includes a generous 2-car garage, adding significant convenience, storage, and off-street parking.

Cons

Significant Price Reductions: The property has experienced multiple price drops from its original list price of $615,000 to $499,995, potentially indicating market resistance or initial overpricing.
Above Estimated Market Value: The current listing price is approximately 10% higher than the property's estimated market value, which may deter value-conscious buyers.
Public Record Discrepancy: Inconsistent bedroom and bathroom counts on tax rolls (3 bed, 2.5 bath) compared to the actual property (4 bed, 3 bath) could cause initial confusion for potential buyers.

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