31569 Panorama Drive, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath

31569 Panorama Drive, Running Springs, California 92382 home-pic-0
ACTIVE$379,999
31569 Panorama Drive, Running Springs, California 92382
3Beds
2Baths
1,020Sqft
5,032Lot

Price Vs. Estimate

The estimated value ($173,339.61) is $206,659.39 (54%) lower than the list price ($379,999). This property may be overpriced.

Key pros and cons

Top Pros:
Breathtaking Views: The property offers stunning panoramic views of city lights, sunrises, and sunsets, enhancing its appeal as a mountain getaway.
Top Cons:
Significant Overpricing: The listing price of $379,999 is substantially higher than the estimated property value of $173,339.61, indicating a potential overvaluation compared to market data.

Compared to the nearby listings

Price:$380.0K vs avg $359.0K (+$20,999)61%
Size:1,020 sqft vs avg 1,209 sqft35%
Price/sqft:$373 vs avg $28885%

More Insights

Built in 1961 (64 years old).
Condition: The property, built in 1961, has undergone significant recent interior renovations, including new flooring, new paint, and beautifully remodeled bathrooms with modern fixtures and finishes. The kitchen features updated white cabinets and granite-look laminate countertops, making it clean and functional. However, the kitchen appliances are older white models, which, while appearing clean and operational, do not meet current aesthetic quality standards (e.g., stainless steel). While the interior is largely 'newly remodeled' and 'move-in ready' as described, the older appliances and the age of the original structure (1961) without explicit mention of major system overhauls (electrical, plumbing, HVAC) prevent it from achieving an 'Excellent' rating. It is a well-maintained, updated home requiring no immediate renovations, fitting the 'Good' category.
Year Built
1961
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
OC25072613
Home ConditionGood
Features
Excellent View: City Lights, Hills, Mountain(s), Neighborhood
Deck
ViewCity Lights,Hills,Mountain(s),Neighborhood

About this home

Experience the ultimate mountain getaway at our charming cabin in Running Springs. Prepare to be amazed by the breathtaking views of city lights, stunning sunrises, and sunsets right from your doorstep. With a prime location that allows easy access to town, the local bakery, and the market, convenience is at your fingertips. Inside, you'll find a delightful main floor boasting an open living room, kitchen, and dining area, all designed to maximize the mesmerizing views. Stay cozy during winter days by the warm wood fireplace. The main floor also features two bedrooms and a bathroom. On the lower level, enjoy a small family room, laundry facilities, an additional bedroom, and a beautifully remodeled bathroom. Plus, a second deck awaits you, providing a perfect space for relaxation. You even have the option to separate the top and bottom levels, making it an ideal opportunity for living and renting. With its newly remodeled interior and move-in ready status, this exquisite property offers a seamless transition into a lifestyle of comfort and convenience. Every detail has been thoughtfully curated, and all furniture is included in the sale, ensuring you have everything you need from day one. But that's not all – this cabin presents an exciting opportunity. In addition to its stunning features, it comes with a successful business already in place. Imagine stepping into a thriving venture, generating income right from the start. The hospitality industry in this sought-after location is flourishing, and you can be part of it. Come live the mountain dream and embrace a lifestyle you won't regret. Don't miss out on this extraordinary cabin—it's a gateway to unforgettable experiences. The truly captivating sight that awaits you, make this home your own and create a lifetime of fantastic memories. New Flooring, new paint, bathroom remolded, furniture included some-*negotiable. Ready moving, no extra time/money cost.

Condition Rating
Good

The property, built in 1961, has undergone significant recent interior renovations, including new flooring, new paint, and beautifully remodeled bathrooms with modern fixtures and finishes. The kitchen features updated white cabinets and granite-look laminate countertops, making it clean and functional. However, the kitchen appliances are older white models, which, while appearing clean and operational, do not meet current aesthetic quality standards (e.g., stainless steel). While the interior is largely 'newly remodeled' and 'move-in ready' as described, the older appliances and the age of the original structure (1961) without explicit mention of major system overhauls (electrical, plumbing, HVAC) prevent it from achieving an 'Excellent' rating. It is a well-maintained, updated home requiring no immediate renovations, fitting the 'Good' category.
Pros & Cons

Pros

Breathtaking Views: The property offers stunning panoramic views of city lights, sunrises, and sunsets, enhancing its appeal as a mountain getaway.
Established Income-Generating Business: Includes a successful, existing business, providing an immediate income stream and a thriving venture opportunity in the hospitality industry.
Newly Remodeled & Move-in Ready: Features a newly remodeled interior with new flooring, new paint, and a remodeled bathroom, making it ready for immediate occupancy with no extra time or money cost.
Flexible Layout & Income Potential: The option to separate the top and bottom levels creates an ideal opportunity for dual living arrangements or additional rental income.
Convenient Location: Prime location with easy access to town amenities, including the local bakery and market, offering convenience for residents and guests.

Cons

Significant Overpricing: The listing price of $379,999 is substantially higher than the estimated property value of $173,339.61, indicating a potential overvaluation compared to market data.
Older Construction: Built in 1961, the property's age, despite interior remodels, may suggest potential for older underlying infrastructure (e.g., plumbing, electrical, roof) that could require future attention.
Value Relative to Comparables: At 1020 sqft with 3 beds/2 baths, the property is priced higher than some larger or more feature-rich comparable properties that have recently sold in the area.

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