31558 Ocean View Drive, Running Springs, California 92382, Running Springs, 92382 - 2 bed, 2 bath
31558 Ocean View Drive
Running Springs, California 92382
Property Price
SUMMARY
Analysis of 31558 Ocean View Drive, Running Springs, California 92382 reveals a Fairly Priced Property with a current list price of $320,000 aligned with the estimated $320,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 31558 Ocean View Drive Subject | $320,000* List Price | 2 | 2 | 1,300 | $246 | - |
A 31662 Panorama Drive Sold | $275,000 | 2 | 2 | 1,205 | $228 | 0.1 mi |
B 31867 Wagon Wheel Drive Sold | $320,000 | 2 | 2 | 1,048 | $305 | 0.4 mi |
C 32220 Mohan Way Sold | $300,000 | 3 | 2 | 1,220 | $246 | 0.8 mi |
D 31358 Lightfoot Way Sold | $400,000 | 3 | 2 | 1,540 | $260 | 0.3 mi |
E 31523 Pleasant Drive Sold | $375,000 | 3 | 2 | 1,561 | $240 | 0.1 mi |
F 2450 Spring Oak Drive Sold | $265,000 | 2 | 2 | 1,404 | $189 | 0.6 mi |
G 31612 City Creek Road Active | $349,000 List Price | 2 | 2 | 1,278 | $273 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1992 (33 years ago), placing it within the 'fair' age bracket. While it has received recent cosmetic refreshments including brand-new flooring and fresh paint throughout, the kitchen and bathrooms appear to retain their original 1990s cabinetry and layout. The home is well-maintained and move-in ready, but the core styles and major components show signs of being outdated rather than undergoing a full modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Financing Options
The property qualifies for a 0% downpayment USDA loan, providing an excellent opportunity for buyers to secure a mountain home with minimal upfront capital.
- Move-In Ready Updates
The interior features brand-new flooring and fresh paint throughout, offering a clean, modern aesthetic that eliminates the need for immediate renovation.
- Enhanced Outdoor Living
Two expansive decks and a classic rock fireplace with a wet bar create a perfect environment for entertaining and enjoying the serene mountain setting.
CONSRISKS & DEFICIENCIES
- Obstructed Views
The property offers only 'peek-a-boo' valley views rather than the full panoramic vistas often desired by buyers in high-altitude retreat locations.
- Pricing Volatility
A history of multiple price reductions from the original listing price of $359,000 suggests initial difficulty in aligning with market value.
About 31558 Ocean View Drive
Purchase this home with a 0% downpayment USDA loan! Escape to your own stylish mountain retreat, where serenity meets convenience. Nestled in a picturesque location with easy commuter access, this home is the ultimate peaceful getaway. The inviting main level open floorplan features a spacious living room, highlighted by a stunning classic rock fireplace and a wet bar—perfect for cozy evenings or entertaining guests. Adjacent is a bright dining area that flows into the charming kitchen, offering an ideal space for meals and memories. Upstairs, you'll find two generously sized bedrooms and a full bath, plus a primary suite with exclusive access to the bathroom for added privacy. A well-placed laundry closet in the hall adds to the home's functionality. Freshly painted throughout with brand-new flooring, this home exudes a sense of newness and comfort. Step outside and enjoy two expansive decks, surrounded by towering trees - the perfect spot to unwind. A peek of the valley view adds a touch of magic to this peaceful retreat. Plus, ample storage space beneath the main deck makes this home as practical as it is beautiful. Don’t miss your chance to own this mountain sanctuary, where every day feels like a holiday!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1992
- Lot Size
- 5,509 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 3.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 1,250 | 55% |
| Lot Size | 5,509 | 7,200 | 24% |
| Price | $320.0K | $347.4K | 40% |
| Price per sq ft | $246 | $285 | 30% |
| Built year | 1992 | 1972 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 334 | 197 | 91% |
Pricing History
Listed for Sale
Jan 31, 2026
$320,000
$330,000
-3% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$330,000
$340,000
-3% Price Drop
Initial Listing
Price Change
Aug 9, 2025
$340,000
Initial Listing
Price Change
Apr 7, 2025
$359,000
Initial Listing