532 Sunset, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
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Crestline, California 92325
This Mountain Residential Retreat is a High-Potential Investment Opportunity listed at $389,888—positioned well below the $403,450 Fair Market Value by 3%. This valuation gap offers $13,562 in Instant Equity, significantly enhanced by a rare 2.75% Assumable FHA Loan. While the property holds a Fair Condition Rating, it boasts Mountain Views, a Spacious 8,420 sqft Lot, and a Large Deck minutes from Lake Gregory. Located in the Rim of the World district, this is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 Sunset Subject | $384,888* List Price | 3 | 2 | 1,340 | $289 | - |
A 863 Big Oak Road Sold | $300,000 | 3 | 3 | 1,352 | $222 | 0.4 mi |
B 23696 Manzanita Drive Sold | $425,000 | 2 | 2 | 1,168 | $364 | 0.3 mi |
C 993 Mercury Way Sold | $327,000 | 2 | 2 | 1,290 | $253 | 0.8 mi |
D 23348 Outlook Sold | $455,000 | 2 | 2 | 1,238 | $368 | 0.1 mi |
E 23023 Oak Lane Sold | $360,000 | 3 | 2 | 1,496 | $241 | 0.6 mi |
F 23723 Hillside Active | $359,000 List Price | 3 | 3 | 1,329 | $270 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1940s mountain cabin is well-maintained and move-in ready, but its overall condition aligns with the 'fair' category due to its age and dated features. While the kitchen has functional appliances and the flooring appears to be updated laminate or LVP, the cabinetry, countertops, and bathroom fixtures reflect older styles. The property shows signs of regular upkeep rather than a comprehensive modern renovation, and the layout—with only a half-bath on the main living level—is typical of its original era.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8420, living area = 1340.
The property features a rare 2.75% assumable FHA loan, providing a significant financial advantage and monthly savings for qualified owner-occupied buyers in the current interest rate environment.
Perfectly situated less than five minutes from Lake Gregory and only 15 minutes from the 215 Freeway, offering an ideal balance of recreational mountain living and commuter accessibility.
Originally built in 1940, the property may require updates to its aging systems, insulation, and structural components to meet modern efficiency and comfort standards.
The layout places the only full bathroom on the lower level, while the two bedrooms on the entry level share only a half-bath, which may be less functional for primary residents or families.
PROPERTY HAS A CURRENT FHA LOAN THAT CAN BE ASSUMED BY A FHA QUALIFIED OWNER OCCUPIED BUYER AT 2.75% Welcome to 532 Sunset Lane, nestled in a quiet and charming mountain community where peaceful living meets everyday convenience. Located just 15 minutes from the 215 Freeway, this home offers an easy commute while still providing the feel of a true mountain escape. Lake Gregory is less than five minutes away, making it easy to enjoy year-round recreation including hiking, swimming, fishing, and community events. The property is also conveniently close to Yaamava’ Resort & Casino in San Bernardino and just a 20-minute drive to Santa’s Village for seasonal winter festivities. This two-story home offers a functional and versatile layout. The lower level features one bedroom with a full bathroom, ideal for guests or flexible living arrangements. The entry-level floor includes two additional bedrooms and a convenient half bath. The home sits on a spacious lot with a one-car garage and a long, gently curving driveway that provides ample parking and a welcoming approach. Whether you’re looking for a full-time residence, weekend getaway, or investment opportunity, this property delivers the perfect balance of comfort, location, and mountain charm. Enjoy being close enough to the city while feeling worlds away in one of the most desirable mountain communities in the area. Community Highlights: Crestline is known for its four-season lifestyle, fresh mountain air, and strong sense of community. Residents enjoy local shops, cafes, and year-round events, along with easy access to outdoor activities such as hiking, boating, and scenic forest trails. With its proximity to Lake Gregory and convenient access to major highways, Crestline remains a sought-after destination for those seeking tranquility without sacrificing accessibility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,340 | 1,368 | 46% |
| Lot Size | 8,420 | 6,750 | 69% |
| Price | $384.9K | $365.0K | 58% |
| Price per sq ft | $287 | $268 | 57% |
| Built year | 1940 | 1964 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 210 | 9% |
Apr 14, 2026
$384,888
$389,888
-1% Price Drop
Initial Listing
Feb 13, 2026
$389,888
Initial Listing
Sep 16, 2021
$365,000
Public Record
Oct 16, 2020
$232,500
Public Record
Aug 5, 2015
$120,000
Public Record
Jan 5, 2001
$82,500
Public Record