2493 Palo Alto, Running Springs, California 92382, Running Springs, 92382 - 4 bed, 2 bath

2493 Palo Alto
Running Springs, California 92382
Property Price
SUMMARY
Analysis of 2493 Palo Alto, Running Springs, California 92382 reveals a property with a current list price of $390,000, which is 3% above the estimated $375,454 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Running Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2493 Palo Alto Subject | $390,000* List Price | 4 | 2 | 1,296 | $290 | - |
A 31741 Wagon Wheel Drive Sold | $392,000 | 3 | 2 | 1,356 | $289 | 0.4 mi |
B 2340 Hunsaker Drive Sold | $355,000 | 3 | 2 | 1,350 | $263 | 0.2 mi |
C 31551 Wagon Wheel Drive Sold | $362,300 | 4 | 3 | 1,189 | $305 | 0.6 mi |
D 31486 Inspiration Drive Sold | $345,000 | 3 | 2 | 1,440 | $240 | 0.7 mi |
E 31523 Pleasant Drive Sold | $375,000 | 3 | 2 | 1,561 | $240 | 0.6 mi |
F 32220 Mohan Way Active | $359,900 List Price | 3 | 1 | 1,220 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, this property has undergone some 'thoughtful updates' and features 'refreshed cabinetry' in the kitchen, though no kitchen images are provided to assess appliances or full condition. The bathrooms appear updated with modern vanities and fixtures, likely within the last 5-15 years, making them functional and presentable. However, the overall age of the home (62 years old) and the lack of specific details regarding major system updates (HVAC, electrical, plumbing, roof) suggest that while maintained and livable, it likely retains older components that may be outdated or nearing the end of their lifespan. The property is move-in ready but would benefit from further comprehensive updates to major systems to elevate its condition beyond 'Fair'.
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 = 7425, living area = 1296.
- Serene Mountain Setting
Tucked away on a quiet street surrounded by towering pines, the property offers a private woodland retreat with peaceful forest views and fresh mountain air.
- Versatile Property Use
The home is an excellent fit for full-time living, a weekend retreat, or a lucrative rental, appealing to a broad range of potential buyers and investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Age of Construction
Built in 1962, the property is older, which may imply potential for outdated systems (e.g., electrical, plumbing, HVAC) or require more frequent maintenance compared to newer constructions, despite some mentioned updates.
- Modest Interior Space
With 1296 sqft for 4 bedrooms, the interior living space might be considered compact for some buyers, potentially limiting spaciousness, especially if the fourth bedroom is a smaller bonus room.
About 2493 Palo Alto
Tucked away on a quiet street surrounded by towering pines, this inviting Running Springs home offers the perfect blend of comfort, privacy, and mountain charm. With a functional layout, thoughtful updates, and easy year-round access, it’s an excellent fit for full-time living, a weekend retreat, or a lucrative rental. Step inside to a warm, open living area highlighted by natural wood accents and a classic fireplace that sets the tone for cozy evenings. Large windows bring in plenty of daylight and peaceful forest views, creating a relaxing atmosphere from the moment you enter. The adjoining kitchen offers generous countertop space, refreshed cabinetry, and an effortless flow to the dining area, making daily living and hosting feel simple and enjoyable. The home includes three well-sized bedrooms and two bathrooms, providing comfort for guests or a growing household. An additional bonus space offers flexibility for a home office, hobby room, or extra sleeping quarters—adaptable to whatever you need. Outside, a spacious deck and usable yard area create ideal spots for outdoor dining, weekend barbecues, or simply unwinding while taking in the fresh mountain air. The property sits on a generous lot with mature trees, offering the feel of a private woodland retreat while still being conveniently close to town. Located minutes from Snow Valley, SkyPark at Santa’s Village, local eateries, hiking trails, and Hwy-330, the home provides easy access whether you’re here for adventure or relaxation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 7,425 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 84% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,296 | 1,250 | 55% |
| Lot Size | 7,425 | 7,200 | 59% |
| Price | $390.0K | $349.9K | 66% |
| Price per sq ft | $301 | $286 | 60% |
| Built year | 1962 | 1972 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 112 | 193 | 10% |
Pricing History
Listed for Sale
Nov 15, 2025
$390,000
Initial Listing
Sold
Jul 13, 2023
$360,000
Public Record
Sold
Jul 18, 2014
$170,000
Public Record
Sold
Jun 7, 2013
$84,000
Public Record
Sold
Feb 14, 2006
$225,000
Public Record
Sold
Jun 19, 2003
$137,000
Public Record












