2548 Secret Drive, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath
2548 Secret Drive
Running Springs, California 92382
Property Price
SUMMARY
Analysis of 2548 Secret Drive, Running Springs, California 92382 reveals a property with a current list price of $350,000, which is 56% above the estimated $152,744 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 2548 Secret Drive Subject | $350,000* List Price | 3 | 2 | 725 | $211 | - |
A 2398 Whispering Pines Drive Sold | $320,000 | 2 | 1 | 672 | $476 | 0.2 mi |
B 31765 Hilltop Drive Sold | $358,000 | 2 | 1 | 892 | $401 | 0.1 mi |
C 31721 Wagon Wheel Drive Sold | $335,000 | 2 | 1 | 720 | $465 | 0.3 mi |
D 2538 Palo Alto Way Active | $340,000 List Price | 3 | 1 | 844 | $403 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1928, the property has undergone significant and recent renovations, particularly in the kitchen and bathrooms. The kitchen features modern stainless steel appliances, white quartz-like countertops, and subway tile backsplash, though the wooden cabinets appear older but well-maintained. Both bathrooms are updated with modern vanities, fixtures, lighting, and tiling. The living areas have updated flooring (wood-look laminate/LVP), modern light fixtures, and fresh paint. The property is described as 'turnkey' and 'move-in ready,' indicating that major systems are functional and well-maintained, aligning with the 'Good' criteria of being extensively renovated within the last 5-15 years and requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey & Stylish Interior
The home is described as 'beautifully turnkey cozy cabin home' with 'stylish touches throughout' and 'Move-in ready,' suggesting minimal immediate investment for a buyer.
- Versatile Investment Potential
Suitable for 'retirement home, starter home, vacation getaway, or short-term rental,' appealing to a broad range of buyers and offering income generation opportunities.
- Excellent Walkability & Local Amenities
Just a short walk to shops, restaurants, markets, the park, post office, and library provides convenience and enhances lifestyle.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
The listing price of $350,000 is substantially higher than the property's estimated value of $152,744.25, indicating a potential overvaluation of over 50%.
- Discrepancy in Public Records
A major concern is the difference between the listed 3 beds/1.75 baths and the assessor's record of 1 bed/1 bath, which could lead to appraisal, financing, and legal complications.
- Advanced Age of Structure
Built in 1928, the property is nearly a century old, which may imply potential for outdated systems, higher maintenance, and less energy efficiency compared to newer homes.
About 2548 Secret Drive
Welcome to this beautifully turnkey cozy cabin home in the heart of Running Springs. Situated on a spacious corner lot, this charming property is perfect as a retirement home, starter home, vacation getaway, or short-term rental — the choice is yours. Designed with comfort and function in mind, the home offers an inviting layout with stylish touches throughout. Move-in ready and full of warmth, it’s just a short walk to shops, restaurants, markets, the park, post office, and library. Plus, enjoy easy access to Big Bear, Lake Arrowhead, Arrowbear Lake, Lake Gregory, Snow Summit, and Snow Valley Mountain Resort! Note: Square footage and bed/bath count appear larger than assessor’s records show. County assessor reflects 1 bed/1 bath, but property walks as a 3 bed/1.75 bath.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 725 | 1,235 | 10% |
| Lot Size | 4,800 | 7,200 | 16% |
| Price | $350.0K | $349.9K | 50% |
| Price per sq ft | $483 | $286 | 95% |
| Built year | 1928 | 1972 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 249 | 197 | 70% |
Pricing History
No pricing history data available.