2538 Palo Alto Way, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 1 bath
ACTIVE$340,000
2538 Palo Alto Way, Running Springs, California 92382
3Beds
1Bath
844Sqft
4,920Lot
Price Vs. Estimate
The estimated value ($155,241.01) is $184,758.99 (54%) lower than the list price ($340,000). This property may be overpriced.
Key pros and cons
Top Pros:
Historic Charm: Built in 1930, the property offers a classic, cozy mountain cabin aesthetic, appealing to buyers seeking character and a traditional feel in Running Springs.
Top Cons:
Lack of Scenic Views: The property explicitly states 'view: None,' which is a significant disadvantage in a mountain community where scenic vistas are highly sought after and often contribute substantially to property value.
Compared to the nearby listings
Price:$340.0K vs avg $358.0K ($-18,000)47%
Size:844 sqft vs avg 1,209 sqft22%
Price/sqft:$403 vs avg $28892%
More Insights
Built in 1930 (95 years old).
Condition: Despite being built in 1930, the property appears to have undergone significant recent renovations, particularly in the kitchen and main living areas. The kitchen features modern white shaker-style cabinets, a central island, and recessed lighting, along with contemporary appliances. New LVP/laminate flooring is consistent throughout the visible interior, and the walls are freshly painted. The exterior also looks well-maintained with a modern electrical meter. While the bathroom condition is not explicitly shown, the overall impression is move-in ready with no immediate renovations required, aligning with a 'Good' score. A higher 'Excellent' score would require confirmation of a full, extensive renovation of all major systems and the bathroom within the last 5 years.
Year Built
1930
Close
-
List price
$340K
Original List price
$340K
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
IG24244243
Home ConditionGood
Features
View-
About this home
Beautiful cozy home in the nice town of Running Springs! The home is in good condition and with some upgrades. You must come and see it for yourself!
Condition Rating
Good
Despite being built in 1930, the property appears to have undergone significant recent renovations, particularly in the kitchen and main living areas. The kitchen features modern white shaker-style cabinets, a central island, and recessed lighting, along with contemporary appliances. New LVP/laminate flooring is consistent throughout the visible interior, and the walls are freshly painted. The exterior also looks well-maintained with a modern electrical meter. While the bathroom condition is not explicitly shown, the overall impression is move-in ready with no immediate renovations required, aligning with a 'Good' score. A higher 'Excellent' score would require confirmation of a full, extensive renovation of all major systems and the bathroom within the last 5 years.
Pros & Cons
Pros
Historic Charm: Built in 1930, the property offers a classic, cozy mountain cabin aesthetic, appealing to buyers seeking character and a traditional feel in Running Springs.
Efficient Layout: Despite its modest 844 sqft, the home features 3 bedrooms, providing a functional layout with good sleeping capacity for its size, suitable for families or rental potential.
Good Condition with Upgrades: The listing indicates the home is 'in good condition and with some upgrades,' suggesting it is well-maintained and may require less immediate investment compared to other older properties.
Desirable Mountain Community: Located in the 'nice town of Running Springs,' the property benefits from its position within a popular mountain resort area, offering access to local amenities and outdoor activities.
Adequate Lot Size: The 4920 sqft lot provides a reasonable amount of outdoor space, which is a valuable asset in a mountain setting for privacy, recreation, or potential landscaping.
Cons
Lack of Scenic Views: The property explicitly states 'view: None,' which is a significant disadvantage in a mountain community where scenic vistas are highly sought after and often contribute substantially to property value.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present functional challenges and inconvenience for multiple occupants or families, potentially impacting its market appeal.
Significant Valuation Discrepancy: The property's estimated value ($155,241.01) is substantially lower than the list price ($340,000), indicating potential overpricing or a lack of recent comparable sales to support the asking price, which could deter buyers and complicate financing.