42718 Coolcrest Drive, Lake Hughes, California 93532, Lake Hughes, 93532 - 3 bed, 3 bath

42718 Coolcrest Drive, Lake Hughes, California 93532 home-pic-0

42718 Coolcrest Drive

Lake Hughes, California 93532

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,760Sq Ft
7,841Lot Size

Property Price

LIST PRICE$464,500
EST. MARKET VALUE
$504,143
8% BelowMARKET VALUE

SUMMARY

Analysis of 42718 Coolcrest Drive, Lake Hughes, California 93532 reveals a Prime Investment Opportunity with a current list price of $464,500—significantly undercutting the $504,143 Fair Market Value by 8%. This valuation gap indicates a +$39,643 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Hughes Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$504,143 +$39,643 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Hughes.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
42718 Coolcrest Drive
Subject
$464,500*
List Price
331,760$286-
A
42917 Algood Street
Sold
$445,000331,611$2760.2 mi
B
42620 Wauconda Drive
Sold
$500,000321,536$3260.7 mi
C
42647 Pinecliff Street
Sold
$476,000221,611$2950.1 mi
D
42635 Pinecliff Street
Sold
$406,000321,280$3170.1 mi
E
14811 Elizabeth Lake Road
Sold
$340,000221,336$2540.7 mi
F
15152 Ojibwa Place
Active Under Contract
$419,500
List Price
321,483$2830.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property, built in 1987, is described as 'thoughtfully updated' and 'truly move-in ready' with numerous recent improvements. These include freshly painted interior and exterior, new carpeting, re-sealed windows, a tankless high-efficiency water heater, and an updated kitchen featuring granite countertops, stainless steel appliances, and LED lighting. While the bathrooms show some signs of being dated in style (e.g., older vanities, patterned flooring), they appear functional and well-maintained. The overall condition, with significant recent updates to key areas and systems, aligns well with the 'Good' criteria, indicating it's move-in ready with no immediate renovation required, even if not every component is brand new.

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 = 7841, living area = 1760.

  • Extensive Recent Updates & Move-in Ready

    The property boasts numerous recent improvements including fresh paint, new carpeting, re-sealed windows, and a tankless high-efficiency water heater, making it genuinely move-in ready and reducing immediate buyer expenses.

  • Versatile Multi-Generational Living Space

    The unique lower-level setup with a second primary bedroom, full bath, and family room offers exceptional flexibility for guests, extended family, rental potential, or multi-generational living.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7709.

  • Rural Location & Commute

    While offering tranquility, the Lake Hughes location is rural, which may entail longer commutes to major urban centers and limited immediate access to certain amenities for some buyers.

  • Pellet Stove as Primary Winter Heat Source

    The description highlights a pellet stove for 'cozy winter comfort,' which, while efficient, requires manual operation and maintenance, potentially less convenient than a fully automated central heating system for some buyers.

About 42718 Coolcrest Drive

Set in the serene Elizabeth Lake community, this thoughtfully updated two-story home offers 3 bedrooms, 3 bathrooms, 1760 sf of flexible living space, ideal for a variety of living needs. Numerous improvements, including freshly painted interior and exterior, new carpeting, re-sealed windows, tankless high-efficiency water heater, make this home truly move-in ready. The upper level is filled with natural light and features a spacious living room with French doors that open to a balcony showcasing sweeping mountain views. A pellet stove with brick surround, built-in thermostat, and auto ignition provides cozy winter comfort, along w/central air, and evaporative cooling for efficient climate control. Added features include ceiling fans, wood-framed windows, laminate, carpet, and vinyl flooring. The functional kitchen offers granite countertops, stainless steel appliances, (refrigerator, dishwasher, microwave & propane range) and LED lighting. This level also includes one of two primary bedrooms with en-suite bath, a second bedroom and full bathroom, and a convenient laundry nook with washer and dryer included. The lower level functions as a private retreat, featuring the second primary bedroom with full bath, its own family room, multiple storage areas, and sliding doors leading directly to the backyard. This flexible space is ideal for guests, extended family, rental potential, or multigenerational living. Outside, the property features a 2-car attached garage and abundant paved driveway parking, gated RV access & parking, and even wired for an EV charging station (just need to add your charging plug). The deep, fully fenced backyard includes a concrete patio and large aluminum storage shed, while mature palm trees enhance the home's Southern California charm. With its peaceful hilltop setting, versatile floor plan, and beautiful mountain views, this home offers an exceptional blend of comfort, functionality, and rural-mountain living.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1987
Lot Size
7,841 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.02.0
78%
Square foot1,7601,364
78%
Lot Size7,8418,827
44%
Price$464.5K$454.8K
50%
Price per sq ft$264$315
28%
Built year19871984
56%
HOA$0$0
50%
Days on market52209
6%

Pricing History

Listed for Sale

Jan 13, 2026

$464,500

Initial Listing

Sold

Apr 1, 2009

$140,000

Public Record

Sold

May 1, 2007

$395,000

Public Record

Sold

Dec 2, 1996

$100,000

Public Record

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