981 Lausanne Drive, Crestline, California 92325, Crestline, 92325 - 3 bed, 2 bath
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981 Lausanne Drive
Crestline, California 92325
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,296Sq Ft
9,600Lot Size
Property Price
LIST PRICE$320,000
EST. MARKET VALUE
$323,414
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $320,000—positioned well below the $323,415 Fair Market Value by 1%. This valuation gap offers $3,415 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, yet the 9,600 sqft lot and split-level layout provide a solid foundation for value-add projects. Located in the desirable San Moritz neighborhood, this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with clear upside.
Estimated Market Value
$323,414
Based on Realkey algorithm analyzing recent comparable sales in Crestline.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 981 Lausanne Drive Subject | $320,000* List Price | 3 | 2 | 1,296 | $250 | - |
A 24988 Crest Forest Sold | $242,250 | 2 | 1 | 1,160 | $209 | 0.9 mi |
B 23940 Cresta Drive Sold | $285,000 | 3 | 2 | 910 | $313 | 0.6 mi |
C 993 Mercury Way Sold | $327,000 | 2 | 2 | 1,290 | $253 | 0.7 mi |
D 24738 Nestal Court Sold | $335,000 | 3 | 2 | 1,482 | $226 | 0.4 mi |
E 695 Arth Drive Sold | $350,000 | 3 | 2 | 1,320 | $265 | 0.7 mi |
F 622 Heatherly Sold | $300,000 | 3 | 2 | 1,693 | $177 | 0.7 mi |
G 912 Berne Sold | $340,000 | 2 | 2 | 1,080 | $315 | 0.5 mi |
H 595 Arbula Sold | $405,000 | 3 | 3 | 1,692 | $239 | 0.7 mi |
I 24776 Basel Active Under Contract | $395,000 List Price | 2 | 2 | 1,237 | $319 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1977 (>45 years old) and explicitly marketed as a 'Contractors Special' needing TLC. The age and description suggest original systems and interiors with significant deferred maintenance requiring a full rehab, fitting the criteria for safety/structural rehab needs.
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 = 9600, living area = 1296.
- Prime Location
Situated in the highly desirable San Moritz neighborhood of Crestline, this property offers a sought-after address known for its community appeal and residential value.
- Significant Investment Potential
Marketed as a 'Contractors Special' and priced competitively, this home presents a prime opportunity for investors or DIY buyers to build equity through renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Deferred Maintenance
The property is explicitly noted as needing 'TLC,' indicating that significant capital investment will be required to address repairs and modernize the interior.
- Lower Elementary School Rating
The assigned elementary school carries a rating of 3, which may be a consideration for families prioritizing high-performing educational districts.
About 981 Lausanne Drive
Contractors Special! This is a great opportunity in very desirable San Moritz neighborhood. This 3 bed 2 bath house has a lot of potential for the right buyer. Main level features a spacious living room with brick fireplace, dining area, large kitchen, bedroom and full bath. Downstairs are two additional beds and bath. House needs some TLC and is price accordingly
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 9,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Crestline Unified Schools
Valley Of Enchantment Elementary School
Grades K-5 • 2.1 mi
3/10
Rim Virtual
Grades K-8 • 3.7 mi
0/10
Mary P. Henck Intermediate School
Grades 6-8 • 3.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,296 | 1,278.077 |
| Lot Size | 9,600 | 6,910.923 |
| Price | $320.0K | $363.9K |
| Price per sq ft | $247 | $276 |
| Built year | 1977 | 1964 |
| HOA | $0 | $250 |
| Days on market | 19 | 72 |
Pricing History
Listed for Sale
Aug 21, 2026
$320,000
Initial Listing
Sold
Oct 30, 2012
$107,000
Public Record
Sold
Jun 23, 2006
$279,000
Public Record
Sold
Jun 29, 2005
$249,500
Public Record
Sold
Jun 17, 2003
$170,000
Public Record