31096 Wild Oak, Running Springs, California 92382, Running Springs, 92382 - 5 bed, 3 bath
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31096 Wild Oak
Running Springs, California 92382
ACTIVE
CONDITION: POOR
5Beds
3Baths
3,812Sq Ft
14,640Lot Size
Property Price
LIST PRICE$398,000
SUMMARY
BANK OWNED, FORECLOSURE!!! Approximately $100 per square foot of living space!!! Amazing deal for a contractor or handyman to develop this into an amazing mountain retreat/compound!!! 1/3 of an acre, mostly ALL FLAT lot too on this Tri Level Home with probably the most combined interior square footage in this community. This one is a fixer and will likely need a cash buyer or hard money loan due to condition. This home is huge and on a very large lot (approximately 1/3 of an acre) with easy access to highway 18 and has a very good central location between resort areas in Big Bear and Lake Arrowhead. The house has a finished basement level, bottom level or first floor with an area of approx 784 sq ft (per tax records) that is useable in the overall square footage. The bottom level/basement has a sliding glass door and multiple large glass windows that open to the exterior so it is NOT A SUBTERRANEAN BASEMENT. It is more like a huge family room with a bedroom and bathroom on the first floor. MAKE AN OFFER.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1959 and currently a bank-owned foreclosure, this property is a major fixer-upper requiring a full rehab. The interior is in disrepair with exposed ceiling joists and insulation, a non-functional kitchen with missing cabinetry and plumbing, and significant safety concerns including a rotting exterior deck and boarded-up windows.
PROSSTRENGTHS & OPPORTUNITIES
- Substantial Living Space
Boasting over 3,800 square feet across three levels, this property offers one of the largest interior footprints in the Running Springs community, providing exceptional scale for the price point.
- Prime Resort Location
Situated on a generous 1/3-acre lot with easy access to Highway 18, the home is perfectly positioned between Big Bear and Lake Arrowhead, making it an ideal candidate for a high-capacity vacation rental.
- Significant Equity Potential
As a bank-owned foreclosure with a recent price reduction, this property presents a high-upside opportunity for investors or flippers to capture significant equity through a comprehensive renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3812, other record living area = 3028. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Financing Restrictions
Due to its distressed 'fixer' condition, the property will likely require a cash purchase or hard money loan, significantly limiting the pool of eligible buyers.
- Extensive Deferred Maintenance
The home requires substantial investment to address its current condition and modernize the 1959 structure, which may involve unforeseen structural or system upgrades.
About 31096 Wild Oak
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 14,640 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 5.0 | 2.9 |
| Baths | 3.0 | 2.6 |
| Square foot | 3,812 | 1,490.756 |
| Lot Size | 14,640 | 9,026.78 |
| Price | $398.0K | $393.2K |
| Price per sq ft | $104 | $271 |
| Built year | 1959 | 1979 |
| HOA | $0 | $208 |
| Days on market | 75 | 97 |
Pricing History
Listed for Sale
Oct 15, 2026
$398,000
$419,000
-5% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$419,000
$485,000
-14% Price Drop
Initial Listing
Price Change
Aug 10, 2026
$485,000
Initial Listing