529 Pyramid Drive, Crestline, California 92325, Crestline, 92325 - 1 bed, 1 bath
ACTIVE$185,000
529 Pyramid Drive, Crestline, California 92325
1Bed
1Bath
795Sqft
5,590Lot
Price Vs. Estimate
The estimated value ($217,424.635) is $32,424.635 (20%) lower than the list price ($185,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as an 'OPPORTUNITY FOR CASH BUYERS AND INVESTORS,' suggesting significant upside potential post-renovation.
Top Cons:
Significant Renovation Needs: Requires extensive 'restoration and TLC,' including exterior sanding, painting, deck repairs, and driveway repair, indicating substantial immediate investment and effort.
Compared to the nearby listings
Price:$185.0K vs avg $347.0K ($-162,000)7%
Size:795 sqft vs avg 1,364 sqft12%
Price/sqft:$233 vs avg $26433%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939, this 85-year-old 'Original Cottage' is explicitly marketed as needing 'restoration and TLC' and is targeted towards 'CASH BUYERS AND INVESTORS,' indicating it would not qualify for conventional financing. The description notes significant deferred maintenance including exterior sanding, painting, deck repairs, and driveway repair. Images confirm a very worn and dated exterior, an old roof, and a window AC unit. While not a tear-down, it requires substantial repairs and rehabilitation to be safely and comfortably livable, aligning with the 'Poor' condition criteria. Without interior photos, it's highly probable the kitchen and bathroom are also in a similarly poor and outdated state, requiring full renovation.
Year Built
1939
Close
-
List price
$185K
Original List price
$275K
Price/Sqft
$233
HOA
-
Days on market
-
Sold On
-
MLS number
IG24237391
Home ConditionPoor
Features
Deck
ViewNeighborhood
About this home
OPPORTUNITY FOR CASH BUYERS AND INVESTORS!! Located just minutes below the Intersection of Arosa Drive and Dart Canyon Road find this 3-Story 795 sqft Original Cottage that beckons restoration and TLC. Exterior needs sanding, primer and fresh paint along with Deck Repairs. Bonus of 2-Car Off-Street Parking on asphalt driveway that needs repair. Lower Level consists of Garage/Workshop Area inclusive of Washer and Dryer hook-ups and some Storage Area. Mid-Level Features: Informal Entry into Living Room that Opens to Dining Area, Kitchen and Full Bath. Upper-Level Features: Is all Bedroom space. Downtown Lake Gregory Shopping District and Goodwin’s Grocery Market are just moments away!
Nearby schools
3/10
Valley Of Enchantment Elementary School
Public,•K-5•2.8mi
/10
Rim Virtual
Public,•K-8•2.9mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.9mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.9mi
Condition Rating
Poor
Built in 1939, this 85-year-old 'Original Cottage' is explicitly marketed as needing 'restoration and TLC' and is targeted towards 'CASH BUYERS AND INVESTORS,' indicating it would not qualify for conventional financing. The description notes significant deferred maintenance including exterior sanding, painting, deck repairs, and driveway repair. Images confirm a very worn and dated exterior, an old roof, and a window AC unit. While not a tear-down, it requires substantial repairs and rehabilitation to be safely and comfortably livable, aligning with the 'Poor' condition criteria. Without interior photos, it's highly probable the kitchen and bathroom are also in a similarly poor and outdated state, requiring full renovation.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as an 'OPPORTUNITY FOR CASH BUYERS AND INVESTORS,' suggesting significant upside potential post-renovation.
Competitive Pricing: The current list price of $185,000 is substantially reduced from the original $275,000 and below the estimated value of $217,424.635, offering an attractive entry point.
Convenient Location: Situated 'just moments away' from Downtown Lake Gregory Shopping District and Goodwin’s Grocery Market, providing easy access to amenities.
Practical Amenities: Features a 2-car off-street parking space and a lower-level garage/workshop area with washer/dryer hook-ups and storage, adding functional value.
Unique 3-Story Layout: The original cottage boasts a distinct 3-story design, offering separate functional zones (garage/workshop, living/dining/kitchen, bedroom) within its compact footprint.
Cons
Significant Renovation Needs: Requires extensive 'restoration and TLC,' including exterior sanding, painting, deck repairs, and driveway repair, indicating substantial immediate investment and effort.
Limited Financing Options: Explicitly targeting 'CASH BUYERS AND INVESTORS' suggests the property's condition may preclude conventional financing, narrowing the buyer pool.
Compact Living Space: With only 795 sqft, 1 bedroom, and 1 bathroom, the property offers a very small living area, which might not suit all buyer preferences or family sizes.