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

42718 Coolcrest Drive
Lake Hughes, California 93532
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42718 Coolcrest Drive Subject | $464,500* List Price | 3 | 3 | 1,760 | $286 | - |
A 42917 Algood Street Sold | $445,000 | 3 | 3 | 1,611 | $276 | 0.2 mi |
B 42620 Wauconda Drive Sold | $500,000 | 3 | 2 | 1,536 | $326 | 0.7 mi |
C 42647 Pinecliff Street Sold | $476,000 | 2 | 2 | 1,611 | $295 | 0.1 mi |
D 42635 Pinecliff Street Sold | $406,000 | 3 | 2 | 1,280 | $317 | 0.1 mi |
E 14811 Elizabeth Lake Road Sold | $340,000 | 2 | 2 | 1,336 | $254 | 0.7 mi |
F 15152 Ojibwa Place Active Under Contract | $419,500 List Price | 3 | 2 | 1,483 | $283 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,760 | 1,364 | 78% |
| Lot Size | 7,841 | 8,827 | 44% |
| Price | $464.5K | $454.8K | 50% |
| Price per sq ft | $264 | $315 | 28% |
| Built year | 1987 | 1984 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 209 | 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









































