1116 Running Springs Rd 7, Walnut Creek, California 94595, Walnut Creek, 94595 - 2 bed, 1 bath
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1116 Running Springs Rd 7
Walnut Creek, California 94595
ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,095Sq Ft
0Lot Size
Property Price
LIST PRICE$259,000
EST. MARKET VALUE
$298,056
13% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $259,000—positioned well below the $298,057 Fair Market Value by 13%. This valuation gap offers $39,057 in Instant Equity for the buyer. Featuring a Good Condition Rating with modern upgrades like in-unit laundry and recessed lighting, the home offers a low-maintenance lifestyle near top-rated schools like Burton Valley Elementary. This is an ideal acquisition for first-time buyers or downsizing retirees seeking a turnkey, high-value residence in Rossmoor.
Estimated Market Value
$298,056+$39,056 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Walnut Creek.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 Running Springs Rd 7 Subject 2 bd · 1 ba · 1,095 sqft · $272 | $259,000* List Price | 2 | 1 | 1,095 | $272 | - |
A 1160 Rockledge Lane 2 Sold 2 bd · 1 ba · 1,131 sqft · $287 · 0.2 mi | $325,000 | 2 | 1 | 1,131 | $287 | 0.2 mi |
B 1112 Rockledge Ln 6 Sold 2 bd · 1 ba · 1,054 sqft · $304 · 0.2 mi | $320,000 | 2 | 1 | 1,054 | $304 | 0.2 mi |
C 1232 Leisure Ln 7 Sold 2 bd · 1 ba · 1,054 sqft · $274 · 0.2 mi | $289,000 | 2 | 1 | 1,054 | $274 | 0.2 mi |
D 1160 Singingwood Ct 5 Sold 2 bd · 1 ba · 1,054 sqft · $299 · 0.3 mi | $315,000 | 2 | 1 | 1,054 | $299 | 0.3 mi |
E 1208 Rockledge Ln 3 Sold 2 bd · 1 ba · 1,054 sqft · $285 · 0.3 mi | $300,000 | 2 | 1 | 1,054 | $285 | 0.3 mi |
F 1301 Leisure Ln 7 Sold 2 bd · 1 ba · 1,054 sqft · $304 · 0.1 mi | $320,000 | 2 | 1 | 1,054 | $304 | 0.1 mi |
G 1117 Golden Rain Rd 1 Sold 2 bd · 1 ba · 1,054 sqft · $304 · 0.5 mi | $320,000 | 2 | 1 | 1,054 | $304 | 0.5 mi |
H 1216 Running Springs Rd #6 Sold 2 bd · 1 ba · 1,054 sqft · $247 · 0.1 mi | $260,000 | 2 | 1 | 1,054 | $247 | 0.1 mi |
I 1224 Rockledge Ln 6 Pending 2 bd · 1 ba · 1,054 sqft · $265 · 0.3 mi | $279,000 List Price | 2 | 1 | 1,054 | $265 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1964, the property is well-maintained and move-in ready with functional upgrades including in-unit laundry, recessed lighting, and fresh paint. The bathroom vanity and fixtures appear to have been renovated within the last 5-15 years, meeting the criteria for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Burton Valley Elementary School (10/10). Middle School: M. H. Stanley Middle School (9/10). High School: San Ramon Valley High School (10/10).
- Exceptional Value
Priced at $259,000, this 2-bedroom unit represents one of the most competitive entry points into the Rossmoor community, offering significant value for a move-in ready home.
- Modernized Interior
The property features key upgrades including private in-unit laundry, recessed lighting, and fresh paint, eliminating the immediate need for the 'fixer-upper' investments common at this price point.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,294 per month is substantial and represents a significant recurring expense that impacts the overall affordability for budget-conscious buyers.
- Limited Bathroom Count
With two bedrooms but only one bathroom, the layout may be less convenient for residents who frequently host guests or for multi-occupant households.
About 1116 Running Springs Rd 7
Ideal location for anyone interested in Rossmoor, and particularly accessible for someone who enjoys walking! Located at the lower end of Tice Creek Drive means minimal hills and quick access to most of the common areas of Rossmoor...perfect for you dog walkers! Definitely, a VERY bright and upbeat unit; and it's been upgraded with your own laundry, recessed lighting, plus freshly painted. And don't miss your reserved carport, just steps from your front walkway. This listing is the BEST 2bed/1bath deal in Rossmoor! Come see for yourself:)
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1294.0 / Month
Neighborhood Insights
Walnut Creek Unified Schools
Burton Valley Elementary School
Grades K-5 • 1.1 mi
10/10
Parkmead Elementary School
Grades K-5 • 1.6 mi
7/10
Murwood Elementary School
Grades K-5 • 1.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,095 | 1,118.684 |
| Lot Size | - | 1,033.383 |
| Price | $259.0K | $570.7K |
| Price per sq ft | $237 | $500 |
| Built year | 1964 | 1972 |
| HOA | $1294.0 | $1.3K |
| Days on market | 20 | 55 |
Pricing History
Listed for Sale
Oct 4, 2026
$259,000
Initial Listing