31487 Old City Creek, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath
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31487 Old City Creek
Running Springs, California 92382
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,564Sq Ft
8,434Lot Size
Property Price
LIST PRICE$260,000
EST. MARKET VALUE
$275,595
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $260,000—positioned well below the $275,596 Fair Market Value by 5%. This valuation gap offers $15,596 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the home requires exterior and deck restoration but offers significant upside through its panoramic mountain views and large lot. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation.
Estimated Market Value
$275,595+$15,595 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 |
|---|---|---|---|---|---|---|
★ 31487 Old City Creek Subject 3 bd · 2 ba · 1,564 sqft · $176 | $260,000* List Price | 3 | 2 | 1,564 | $176 | - |
A 31136 Mountain Oak Drive Active 3 bd · 2 ba · 1,260 sqft · $198 · 0.7 mi | $250,000 List Price | 3 | 2 | 1,260 | $198 | 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.
Property is 38 years old (built in 1988) with no signs of renovation. The exterior siding and decks show severe weathering, peeling paint, and potential wood rot. The interior requires a full rehab, featuring heavily stained carpeting, a damaged bedroom ceiling, and completely original, outdated kitchen and bathrooms.
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 = 8434, living area = 1564.
- Panoramic Views
The property boasts exceptional, endless views of city lights, mountains, and valleys, providing a high-value aesthetic that is highly sought after in mountain retreats.
- Interior Condition
While the exterior requires work, the interior is reported to be in good shape, offering a solid foundation for buyers to focus their renovation budget on curb appeal and outdoor living spaces.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-08-14. The sold price is $200,000.00.
- Exterior Deferred Maintenance
The exterior and decks require immediate attention and repair, which may necessitate a significant upfront capital investment and professional contractor services.
- Renovation Requirement
Marketed as a project home, the property is not move-in ready, which limits the buyer pool to those with the resources and time to manage extensive repairs.
About 31487 Old City Creek
VIEWS THAT ARE ENDLESS, If you wanted your mountain house to have views, your handy or have the ability to see THE DIAMOND IN THE ROUGH, this home is just for you. The inside is in good shape the exterior and decks need the attention to make this an REMARKABLE mountain home. Bring your tools, contractor and get to work building your dream mountain home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 8,434 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 | 1,564 | 1,490.756 |
| Lot Size | 8,434 | 9,026.78 |
| Price | $260.0K | $393.2K |
| Price per sq ft | $166 | $271 |
| Built year | 1988 | 1979 |
| HOA | $0 | $208 |
| Days on market | 30 | 97 |
Pricing History
Listed for Sale
Sep 24, 2026
$260,000
Initial Listing
Sold
Aug 14, 2026
$200,000
Public Record
Sold
Sep 29, 1997
$97,500
Public Record