31651 Wagon Wheel, Running Springs, California 92382, Running Springs, 92382 - 2 bed, 2 bath
31651 Wagon Wheel
Running Springs, California 92382
Property Price
SUMMARY
Analysis of 31651 Wagon Wheel, Running Springs, California 92382 reveals a property with a current list price of $325,000, which is 6% above the estimated $306,548 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 31651 Wagon Wheel Subject | $325,000* List Price | 2 | 2 | 908 | $338 | - |
A 32068 Hunsaker Sold | $288,000 | 2 | 1 | 1,024 | $281 | 0.6 mi |
B 31600 City Creek Road Sold | $360,000 | 3 | 2 | 1,092 | $330 | 0.3 mi |
C 31661 Wagon Wheel Active | $379,000 List Price | 3 | 2 | 1,064 | $356 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has been well-maintained as a successful vacation rental. While built in 1979, the interior features significant updates including a modernized kitchen with stainless steel appliances, updated cabinetry, and contemporary flooring. The bathrooms appear refreshed, and the overall aesthetic is clean and functional, though it lacks the full-scale recent renovation required for an 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Views
Perfectly situated on the edge of the San Bernardino National Forest, this property offers breathtaking forest views and a tranquil setting while remaining centrally located between Lake Arrowhead and Big Bear Lake.
- Investment and Expansion Potential
With a proven track record as a successful vacation rental and a separate storage room that can be converted into a third bedroom, this home offers immediate income potential and opportunities to increase equity.
- Exceptional Outdoor Living
The property features four separate decks that maximize the mountain experience, providing ample space for entertaining and enjoying the natural surroundings, which effectively expands the living area.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 908 square feet, the interior living space is quite compact, which may be a challenge for buyers looking for a more spacious full-time residence or larger group accommodations.
- Maintenance Requirements
The 1979 construction and the presence of four separate wooden decks in a forest environment will likely require consistent and proactive maintenance to protect against mountain weather elements.
About 31651 Wagon Wheel
JUST LISTED!!! Take it easy at this unique and tranquil cabin that sits on the edge of the San Bernardino National Forest! Conveniently located in between Lake Arrowhead and Big Bear Lake in beautiful Running Springs! This 2 bedroom 2 bath home has amazing views of the forest. It features an open floor plan upstairs for entertaining guests with high beamed vaulted ceilings, tall windows, and lots of natural light. There is a total of 4 separate decks, a separate storage room that can be converted into a 3rd bedroom, a parking carport, laundry room, and just a short drive to Snow Valley Ski Resort! Very central to the main town, highway, and so much more. This home was also an active vacation rental that did very well! Do not miss out on this one!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 3,350 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 | 908 | 1,235 | 31% |
| Lot Size | 3,350 | 7,200 | 13% |
| Price | $325.0K | $347.4K | 40% |
| Price per sq ft | $358 | $286 | 80% |
| Built year | 1979 | 1972 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 193 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$325,000
Initial Listing
Sold
Nov 5, 2015
$147,000
Public Record
Sold
Oct 26, 2011
$95,000
Public Record
Sold
Apr 27, 2006
$90,000
Public Record