2538 Palo Alto Way, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 1 bath
2538 Palo Alto Way
Running Springs, California 92382
Property Price
SUMMARY
Analysis of 2538 Palo Alto Way, Running Springs, California 92382 reveals a Fairly Priced Property with a current list price of $345,000 aligned with the estimated $339,953 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 2538 Palo Alto Way Subject | $345,000* List Price | 3 | 1 | 844 | $403 | - |
A 31765 Hilltop Drive Sold | $358,000 | 2 | 1 | 892 | $401 | 0.3 mi |
B 2405 Whispering Pines Sold | $275,000 | 2 | 1 | 902 | $305 | 0.1 mi |
C 31600 City Creek Road Sold | $360,000 | 3 | 2 | 1,092 | $330 | 0.5 mi |
D 31721 Wagon Wheel Drive Sold | $335,000 | 2 | 1 | 720 | $465 | 0.4 mi |
E 2548 Secret Drive Active | $350,000 List Price | 3 | 2 | 725 | $483 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1930, this property has undergone an extensive and recent renovation, aligning with 'fully renovated recently' and 'extensively renovated within 5 years' criteria. The description highlights a 'thoughtfully remodeled' home with 'updated kitchen & bathroom,' 'new flooring,' 'upgraded electrical panel,' 'central air conditioning & heating,' and a 'newer roof' (one year old). Images confirm a modern, virtually new kitchen with white shaker cabinets, quartz-like countertops, mosaic backsplash, and recessed lighting. The bathroom is also fully updated with modern fixtures and finishes. The overall aesthetic is fresh, clean, and move-in ready, with minimal physical depreciation visible.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Updates
The cabin has been thoughtfully remodeled with fresh interior paint, updated kitchen and bathroom, new flooring, and an upgraded electrical panel, making it truly move-in ready.
- Year-Round Comfort
Equipped with central air conditioning and heating, the property ensures comfortable living in every season, a significant advantage for a mountain location.
- Newer Roof
A recently installed roof (one year old) provides long-term durability and peace of mind, eliminating a major potential expense for the new owner.
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 = 1.
- Limited Bathroom Count
With only one bathroom for three bedrooms, the property may present convenience challenges for families or multiple occupants.
- Compact Square Footage
At 844 square feet, the living space is relatively small, which might not meet the needs of buyers seeking more expansive accommodations.
About 2538 Palo Alto Way
Discover your ideal mountain retreat in the heart of Running Springs.This charming, centrally located cabin has been thoughtfully remodeled to combine classic mountain character with modern updates, offering convenient access to local shops, dining, and outdoor recreation.Property Highlights:3 Bedrooms, 1 Bathroom - Ideal for full-time living, a weekend escape, or a vacation rental.Fresh Interior Paint - Bright, clean, and welcoming throughout.Updated Kitchen & Bathroom - Tastefully renovated with contemporary finishes and fixtures.New Flooring - Durable and stylish flooring throughout the home.Upgraded Electrical Panel - Enhanced safety and reliability.Central Air Conditioning & Heating - Comfortable living in every season.Newer Roof - Recently installed (one year old) for long-term durability and peace of mind.This beautifully updated cabin is truly move-in ready. With its inviting charm, modern conveniences, and tranquil mountain setting, it presents a wonderful opportunity to enjoy the best of Running Springs living. Schedule a showing today and experience it for yourself.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 4,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 844 | 1,235 | 23% |
| Lot Size | 4,920 | 7,200 | 17% |
| Price | $345.0K | $347.4K | 50% |
| Price per sq ft | $409 | $286 | 92% |
| Built year | 1930 | 1972 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 193 | 2% |
Pricing History
Listed for Sale
Jan 26, 2026
$345,000
Initial Listing
Sold
Aug 20, 2024
$324,500
Public Record
Sold
Jul 24, 2023
$200,000
Public Record
Sold
Jul 24, 2023
$170,000
Public Record
Sold
Aug 3, 2009
$58,000
Public Record
Sold
Jul 26, 2005
$160,000
Public Record
Sold
Aug 14, 2001
$45,000
Public Record