31661 Wagon Wheel, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath
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31661 Wagon Wheel
Running Springs, California 92382
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,152Sq Ft
2,870Lot Size
Property Price
LIST PRICE$275,000
EST. MARKET VALUE
$294,516
6% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 3-bedroom, 1.5-bath A-frame listed at $275,000, positioned well below the $294,517 Fair Market Value by 6%. This valuation gap provides $19,517 in Instant Equity. Featuring a Good Condition Rating with a modern mountain aesthetic, the home includes two cozy fireplaces and a private deck overlooking the Trees/Woods view. Located in the Rim of the World school district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready mountain retreat.
Estimated Market Value
$294,516+$19,516 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Running Springs.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Originally built in 1965, the property has undergone a recent cosmetic remodel in a modern mountain style. The interior features updated flooring, fresh paint, and contemporary lighting, making it move-in ready. While the kitchen appliances and exterior trim show some signs of age, the overall maintenance and functional updates align with the 'Good' criteria for a well-maintained, renovated older home.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Positioned as the best-priced 3-bedroom home in the area at $275,000, this property offers significant equity potential, especially considering its previous sale price of $360,000 in 2023.
- Modern Mountain Aesthetic
The interior has been thoughtfully remodeled with a chic, modern mountain style and features two cozy fireplaces, providing a move-in-ready experience for buyers seeking a contemporary retreat.
- Prime Recreational Location
Located adjacent to the National Forest with immediate access to hiking and biking trails, and situated near local ski resorts, the property is an ideal year-round destination for outdoor enthusiasts.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Facilities
The 1.5-bath configuration for a 3-bedroom home may present logistical challenges for larger families or groups of guests, potentially impacting its appeal as a high-occupancy rental.
- Small Lot Footprint
With a lot size of only 2,870 square feet, the property offers limited private outdoor space and restricted options for future exterior expansions or large-scale landscaping.
About 31661 Wagon Wheel
This beautifully remodeled three-level A-frame offers 3 bedrooms, 1.5 baths, and two cozy fireplaces. The interior has been thoughtfully updated in a chic, modern mountain style, creating a warm and inviting space that’s ready to enjoy. Located next to the National Forest, you’ll have endless opportunities for hiking, mountain biking, and outdoor adventures right outside your door. Ski resorts and Santa’s Village are also just a short distance away, making this an ideal year-round getaway. Best priced 3-bedroom, 1.5-bath home in the area, offering incredible value in a prime mountain location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 2,870 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 | 1,152 | 1,395.222 |
| Lot Size | 2,870 | 7,540.333 |
| Price | $275.0K | $386.9K |
| Price per sq ft | $239 | $272 |
| Built year | 1965 | 1976 |
| HOA | $0 | $208 |
| Days on market | 5 | 83 |
Pricing History
Listed for Sale
Sep 4, 2026
$275,000
Initial Listing
Sold
Aug 17, 2023
$360,000
Public Record
Sold
Oct 4, 2019
$170,000
Public Record
Sold
Dec 30, 2008
$140,000
Public Record
Sold
Aug 18, 2005
$150,000
Public Record
Sold
Feb 24, 1998
$63,000
Public Record