
Crestline, California 92325
This Updated Level-Entry Mountain Home is a High-Potential Investment Opportunity, listed at $423,999—positioned well below the $434,848 Fair Market Value by 2%. This valuation gap provides $10,849 in Instant Equity. Boasting a Move-In Ready Condition Rating, the residence features rare level entry and parking, vaulted wood-beam ceilings, and a leveled backyard. Located in the San Moritz area near Lake Gregory and served by the Rim of the World district, it offers serene forested views from dual decks. This is an ideal acquisition for Owner-Occupants or Lifestyle Buyers seeking a functional mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 770 Berne Subject | $423,999* List Price | 3 | 2 | 1,672 | $260 | - |
A 710 Arbula Drive Sold | $320,000 | 4 | 2 | 1,672 | $191 | 0.1 mi |
B 24646 Lake Gregory Sold | $415,000 | 4 | 2 | 1,530 | $271 | 0.4 mi |
C 221 Darfo Drive Sold | $500,000 | 4 | 2 | 1,973 | $253 | 0.7 mi |
D 299 Darfo Drive Sold | $430,000 | 3 | 2 | 1,344 | $320 | 0.6 mi |
E 646 Arth Drive Sold | $360,000 | 3 | 2 | 1,096 | $328 | 0.2 mi |
F 24154 Bernard Sold | $369,405 | 3 | 3 | 1,596 | $231 | 0.8 mi |
G 583 Arbula Drive Active | $499,999 List Price | 3 | 2 | 1,619 | $309 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant recent updates including new flooring and a leveled backyard. While the kitchen and bathrooms feature some dated elements like laminate countertops and older cabinet styles, they are clean and fully functional. The open floorplan, vaulted wood-beam ceilings, and level entry add significant value and appeal for its age.
A rare and highly sought-after feature in mountain communities, this property offers level entry and level parking, providing easy accessibility and convenience for residents and guests.
The home features significant recent improvements including new flooring, a new retaining wall, and a leveled backyard area, offering a move-in-ready experience with reduced immediate maintenance needs.
The interior boasts an open floorplan with high ceilings and a main-floor bedroom and bathroom, creating a spacious feel and a versatile layout suitable for various living arrangements.
Despite its prime location near Lake Gregory in the San Moritz area, the property does not offer a lake view, which may be a drawback for buyers specifically seeking water vistas.
Built in 1976, the home may require more frequent maintenance or further updates to its original systems and structural components compared to newer constructions in the area.
Location! Location! Location! Prime area of Crestline close to Lake Gregory, but with no lakeview. This updated, level entry home features 3-bedrooms and 2-bathrooms. The property has so much to offer including level parking and level entry and everything you need on one floor. Walking in, you enter an open floorplan, a lot of windows and high ceilings. This level includes a bedroom and a full bathroom and a deck off of the living room. The lower level has two large bedrooms, a bathroom and the laundry room. The utility room is off of the laundry room. The current owners have added new flooring, a retaining wall, a level area in the back yard and more. From the lower level you can access a second deck that is covered. The level backyard space currently holds a children's play set which can be included. Crestline has become a favored destination as well as being popular for full time residents. Lake Gregory hosts weekly farmer's markets with outdoor entertainment every Friday evening in the summer. Popular events include The Fourth of July Jamboree Days with Fireworks and a local parade.
No exterior & parking available.
Grades K-5 • 2.5 mi
Grades K-8 • 3.3 mi
Grades 6-8 • 3.3 mi
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 | 1,672 | 1,376 | 66% |
| Lot Size | 5,930 | 6,700 | 41% |
| Price | $424.0K | $365.0K | 64% |
| Price per sq ft | $254 | $267 | 45% |
| Built year | 1976 | 1965 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 210 | 1% |
Apr 12, 2026
$423,999
Initial Listing
Apr 27, 2017
$232,000
Public Record
Sep 16, 2004
$225,000
Public Record
Oct 31, 2001
$138,000
Public Record