31378 Cedarwood, Running Springs, California 92382, Running Springs, 92382 - 4 bed, 2 bath
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31378 Cedarwood
Running Springs, California 92382
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,032Sq Ft
7,200Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$381,857
4% AboveMARKET VALUE
SUMMARY
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $399,000—positioned well below the $381,857 Fair Market Value by 4%. Featuring a Condition Rating of 2, the home includes significant mechanical upgrades like a new roof, mini-split HVAC, and a whole-house generator. The expansive 7,200 sqft lot with low-maintenance turf provides excellent utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, updated mountain retreat with long-term reliability.
Estimated Market Value
$381,857
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 |
|---|---|---|---|---|---|---|
★ 31378 Cedarwood Subject 4 bd · 2 ba · 1,032 sqft · $370 | $399,000* List Price | 4 | 2 | 1,032 | $370 | - |
A 31435 Oakleaf Sold 3 bd · 2 ba · 1,156 sqft · $341 · 0.1 mi | $394,000 | 3 | 2 | 1,156 | $341 | 0.1 mi |
B 30904 Live Oak Drive Sold 2 bd · 2 ba · 1,120 sqft · $277 · 0.5 mi | $310,000 | 2 | 2 | 1,120 | $277 | 0.5 mi |
C 31442 Ocean View Sold 2 bd · 1 ba · 1,016 sqft · $349 · 0.5 mi | $355,000 | 2 | 1 | 1,016 | $349 | 0.5 mi |
D 31111 All View Drive Sold 3 bd · 2 ba · 1,092 sqft · $321 · 0.4 mi | $350,000 | 3 | 2 | 1,092 | $321 | 0.4 mi |
E 2343 Spring Oak Sold 3 bd · 3 ba · 1,253 sqft · $299 · 0.3 mi | $375,000 | 3 | 3 | 1,253 | $299 | 0.3 mi |
F 30906 Live Oak Sold 2 bd · 2 ba · 1,296 sqft · $274 · 0.5 mi | $355,000 | 2 | 2 | 1,296 | $274 | 0.5 mi |
G 31427 Lightfoot Way Active 2 bd · 2 ba · 1,132 sqft · $379 · 0.6 mi | $429,000 List Price | 2 | 2 | 1,132 | $379 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1962, the property underwent extensive renovations within the last 4 years. Key system updates include a new roof, updated electrical panel, new furnace, mini-split system, and a whole-house generator. The interior is move-in ready with updated double-pane windows, a new laundry room, and refreshed kitchen and baths.
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 = 1032.
- Modern Infrastructure Upgrades
The property features significant recent mechanical and structural improvements, including a new roof, updated electrical panel, mini-split HVAC system, and a whole-house generator, ensuring long-term reliability and reduced immediate maintenance costs.
- Low-Maintenance Landscaping
The expansive 7,200 sqft lot is outfitted with high-quality, water-conscious artificial turf in both the front and back yards, providing excellent curb appeal and outdoor utility without the upkeep typically required in a mountain environment.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With only 1,032 square feet of living space to accommodate four bedrooms, the interior layout may feel cramped, resulting in smaller individual room dimensions and limited common living areas.
- Vintage Construction
Originally built in 1962, the home may still possess older structural characteristics or original plumbing and foundation elements that could require future attention despite the recent cosmetic and mechanical updates.
About 31378 Cedarwood
Welcome home to this beautifully updated, low-maintenance single-story retreat! Designed for effortless living and peace of mind, this home sits on an expansive lot featuring realistic, water-conscious low-maintenance turf in both the front and back yards—giving you maximum curb appeal with minimal effort. Step inside to a bright, welcoming living area anchored by a sleek electric fireplace insert complete with custom, realistic color-changing flame options to set the perfect mood. Sunlight pours in through double-pane windows, complemented by tinted front windows for extra privacy and climate control, as well as a newly installed sliding glass door leading out to your spacious backyard oasis. Key Improvements made within the past 4 years: Roof : Replaced with strong composition shingles Living Space: Cozy up to the electric fireplace insert featuring customizable color-changing display settings. Windows & Doors: Energy-efficient double-pane windows, privacy-tinted front windows, and a brand-new sliding glass door. HVAC & Power: Furnace with Nest thermostat, new mini-split system, updated electrical panel, and a whole-house generator. Modern Amenities: Newly created indoor laundry room and a luxurious recessed backlit bathroom mirror. This home offers so much for at a lower than market selling price...its a must-see!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 7,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 2.9 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,032 | 1,490.756 |
| Lot Size | 7,200 | 9,026.78 |
| Price | $399.0K | $393.2K |
| Price per sq ft | $387 | $271 |
| Built year | 1962 | 1979 |
| HOA | $0 | $208 |
| Days on market | 3 | 97 |
Pricing History
Listed for Sale
Oct 21, 2026
$399,000
Initial Listing
Sold
Oct 26, 2022
$385,000
Public Record
Sold
Nov 7, 2014
$180,000
Public Record
Sold
Apr 4, 2013
$85,500
Public Record