The structural and magnetic properties of two mixed-valence cobaltites with formal population of 0.30 Co 4+ ions per f.u., (Pr1−yYy)0.7Ca0.3CoO3 (y = 0 and 0.15), have been studied down to very low temperatures by means of the high-resolution neutron diffraction, SQUID magnetometry and heat capacity measurements. The results are interpreted within the scenario of the spin-state crossover from a room-temperature mixture of the intermediate spin Co3+ and low spin Co 4+ (IS/LS) at the to the LS/LS mixture in the sample ground states. In contrast to the yttrium free y = 0 that retains the metallic-like character and exhibits ferromagnetic ordering below 55 K, the doped system y = 0.15 undergoes a first-order metal-insulator transition at 132 K, during which not only the crossover to low spin states but also a partial electron transfer from Pr 3+ 4f to cobalt 3d states take place simultaneously. Taking into account the non-magnetic character of LS Co 3+ , such valence shift electronic transition causes a magnetic dilution, formally to 0.12 LS Co 4+ or 0.12 t2g hole spins per f.u., which is the reason for an insulating, highly non-uniform magnetic ground state without long-range order. Nevertheless, even in that case there exists a relatively strong molecular field distributed over all the crystal lattice. It is argued that the spontaneous FM order in y = 0 and the existence of strong FM correlations in y = 0.15 apparently contradict the single t2g band character of LS/LS phase. The explanation we suggest relies on a model of the defect induced, itinerant hole mediated magnetism, where the defects are identified with the magnetic high-spin Co 3+ species stabilized near oxygen vacancies.