31136 Mountain Oak Drive, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath
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31136 Mountain Oak Drive
Running Springs, California 92382
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,260Sq Ft
7,200Lot Size
Property Price
LIST PRICE$250,000
EST. MARKET VALUE
$258,868
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $250,000—positioned well below the $258,868 Fair Market Value by 3%. This valuation gap offers $8,868 in Instant Equity. Featuring a Condition Rating of 5, the home requires a full rehab, but offers significant upside through its large 7,200 sqft lot, central HVAC, and covered parking for 3-4 vehicles. This is a Buy-and-Hold Investor asset ideal for experienced contractors capable of managing an as-is acquisition.
Estimated Market Value
$258,868+$8,868 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Running Springs.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31136 Mountain Oak Drive Subject 3 bd · 2 ba · 1,260 sqft · $205 | $250,000* List Price | 3 | 2 | 1,260 | $205 | - |
A 31347 Circle View Sold 3 bd · 2 ba · 1,248 sqft · $224 · 0.3 mi | $280,000 | 3 | 2 | 1,248 | $224 | 0.3 mi |
B 31487 Old City Creek Active 3 bd · 2 ba · 1,564 sqft · $166 · 0.7 mi | $260,000 List Price | 3 | 2 | 1,564 | $166 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 and sold strictly 'as-is' with a requirement for cash or hard money financing only, which typically indicates significant structural, safety, or system defects that prevent traditional lending. While it features central HVAC and a primary suite with a Jacuzzi tub, the overall age (>60 years) and the restrictive financing terms suggest the property requires a full rehab.
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 = 7200, living area = 1260.
- Ample Parking & Accessibility
The property features an expansive driveway and a unique elevated deck that doubles as a covered carport for 3-4 vehicles, paired with the rare convenience of single-level living.
- Modern Climate Control
Unlike many mountain cabins of this era, the home is equipped with central heating and air conditioning, ensuring year-round comfort and appeal.
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 = 2.
- Restrictive Financing
The listing is limited to cash or hard money financing only, which significantly reduces the pool of eligible buyers by excluding traditional mortgage options.
- Strict As-Is Condition
The property is sold strictly in as-is, where-is condition, indicating that the buyer should be prepared for potential deferred maintenance or necessary repairs.
About 31136 Mountain Oak Drive
EXCEPTIONAL OPPORTUNITY TO OWN YOUR OWN MOUNTAIN RETREAT IN BEAUTIFUL RUNNING SPRINGS!LOCATION, SPACE, COMFORT, AND MOUNTAIN LIVING! Nestled in one of Running Springs’ most desirable neighborhoods, this charming 3-bedroom, 2-bathroom cabin offers a rare combination of privacy, functionality, and mountain charm on a generously sized lot. The property features an expansive driveway and a large, flat elevated deck that doubles as a covered carport accommodating up to 3-4 vehicles! Just a few steps lead to the front entrance, where you'll enjoy the convenience of single-level living. Inside, you'll find a welcoming living room highlighted by a beautiful rustic stone fireplace, while the spacious primary suite features a large walk-in closet, private bathroom with Jacuzzi tub, and freestanding fireplace. A generous outdoor deck, accessible from both the living room and primary bedroom, provides the perfect setting to relax, entertain, and enjoy the fresh mountain air. Additional highlights include central heating and air conditioning, a beautifully fenced backyard, abundant outdoor space, and ample parking. PRIME MOUNTAIN LOCATION! Conveniently situated near shopping, hiking trails, ski resorts, and recreational destinations, with easy access to everything the San Bernardino Mountains have to offer. INCREDIBLE OPPORTUNITY FOR BUYERS SEEKING A MOUNTAIN GETAWAY, VACATION RETREAT, OR FULL-TIME RESIDENCE! MUST SEE! PROPERTY SOLD STRICTLY AS-IS, WHERE-IS. CASH OR HARD MONEY FINANCING ONLY.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 7,200 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 |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,260 | 1,490.756 |
| Lot Size | 7,200 | 9,026.78 |
| Price | $250.0K | $393.2K |
| Price per sq ft | $198 | $271 |
| Built year | 1960 | 1979 |
| HOA | $0 | $208 |
| Days on market | 3 | 97 |
Pricing History
Listed for Sale
Oct 21, 2026
$250,000
Initial Listing