
Crestline, California 92325
This Mountain Retreat represents a High-Potential Investment Opportunity, listed at $299,000—positioned well below the $301,452 Fair Market Value by 0.81%. This valuation gap offers $2,452 in Instant Equity. With a Fair Condition Rating, the property features a versatile loft and workshop, providing significant value-add potential for those looking to modernize the vintage 1952 infrastructure. Located near Lake Gregory, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a project with immediate recreational appeal.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 Chateau Drive Subject | $285,000* List Price | 2 | 1 | 1,078 | $265 | - |
A 24897 Basel Drive Sold | $240,000 | 3 | 2 | 840 | $286 | 0.3 mi |
B 695 Arth Drive Sold | $350,000 | 3 | 2 | 1,320 | $265 | 0.4 mi |
C 1155 Chateau Dr Sold | $285,000 | 3 | 1 | 1,152 | $247 | 0.3 mi |
D 24738 Nestal Court Sold | $335,000 | 3 | 2 | 1,482 | $226 | 0.5 mi |
E 724 Arosa Sold | $300,000 | 3 | 3 | 1,340 | $224 | 0.3 mi |
F 267 Davos Court Sold | $291,000 | 2 | 2 | 1,060 | $275 | 0.9 mi |
G 997 Berne Active | $305,000 List Price | 3 | 2 | 1,040 | $293 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this 72-year-old property is functional and well-maintained but significantly dated. The interior features older knotty pine paneling and vintage finishes. While the listing describes it as a comfortable retreat, the age of the structure and lack of documented updates to the kitchen, bath, or major systems (HVAC/Electric) place it in the 'Fair' category, requiring modernization and minor repairs.
The inclusion of a versatile loft/office and a dedicated workshop beneath the home provides significant added value for remote workers, hobbyists, or those needing extra storage.
Situated less than three miles from Lake Gregory, the property offers convenient access to fishing, boating, and seasonal mountain events, making it an ideal vacation or full-time residence.
The home features rare-for-the-area level parking directly outside the residence and a peaceful front yard with mature trees, blending mountain charm with everyday convenience.
Built in 1952, the property may require updates to its original systems or structural components to meet modern efficiency and building standards.
With only one bathroom serving two bedrooms and a loft, the layout may be restrictive for families or when hosting multiple guests.
Welcome to your mountain retreat! Nestled among beautiful mature trees, this charming 2-bedroom, 1-bath home offers the perfect blend of comfort and peaceful mountain living. Inside, you'll find a spacious living room ideal for relaxing or entertaining, along with a versatile loft/office that's perfect for working from home, a guest space, or a cozy reading nook. Convenient parking is located directly outside the home, making everyday access easy and hassle-free. Step outside and enjoy the peaceful front yard, where you can take in the fresh mountain air and serene surroundings. Additional features include a workshop/work room located beneath the home, providing excellent space for hobbies, storage, or projects, as well as a storage shed on the property for added convenience. Ideally located less than 3 miles from beautiful Lake Gregory, you'll have easy access to fishing, lake activities, seasonal events, and all the charm that mountain living has to offer. Whether you're looking for a full-time residence, a weekend getaway, or an investment opportunity, this delightful mountain home offers warmth, character, functionality, and a tranquil setting you'll love coming home to.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades K-8 • 2.9 mi
Grades 6-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,078 | 1,278.077 |
| Lot Size | 5,260 | 6,910.923 |
| Price | $285.0K | $363.9K |
| Price per sq ft | $264 | $276 |
| Built year | 1952 | 1964 |
| HOA | $0 | $250 |
| Days on market | 37 | 72 |
Aug 27, 2026
$285,000
$299,000
-5% Price Drop
Initial Listing
Aug 3, 2026
$299,000
Initial Listing
Sep 4, 2018
$195,000
Public Record
Feb 1, 1996
$90,000
Public Record