31662 Panorama Drive, Running Springs, California 92382, Running Springs, 92382 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$299,999
31662 Panorama Drive, Running Springs, California 92382
2Beds
2Baths
1,205Sqft
5,160Lot
Price Vs. Estimate
The estimated value ($286,405.39) is $13,593.61 (4%) lower than the list price ($299,999). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential / Dual Living: The property features two separate living accommodations with private entries, offering excellent potential for rental income or multi-generational living.
Top Cons:
Advanced Age of Property: Built in 1931, the property is likely to require significant updates to its core systems (plumbing, electrical, HVAC) and general modernization to meet current standards.
Compared to the nearby listings
Price:$300.0K vs avg $358.0K ($-58,001)33%
Size:1,205 sqft vs avg 1,209 sqft48%
Price/sqft:$249 vs avg $28630%
More Insights
Built in 1931 (94 years old).
Condition: Built in 1931, this property has received cosmetic updates such as newer laminate flooring and fresh paint, and some modern touches like recessed lighting and a barn door. However, the main kitchen features dated dark wood cabinets, laminate countertops, and white appliances. The studio kitchenette is basic, and the studio bathroom has a simple corner shower and dated vanity light. While functional and maintained, the property's core components and overall style reflect its age and lack a recent, extensive renovation, fitting the 'fair' category where major components are functional but show signs of being outdated.
Year Built
1931
Close
-
List price
$300K
Original List price
$365K
Price/Sqft
$249
HOA
-
Days on market
-
Sold On
-
MLS number
IG25072492
Home ConditionFair
Features
Deck
ViewNeighborhood
About this home
Located walking distance to town this adorable Running Springs mountain cabin has two separate living accommodations. Plenty of off-street parking and storage. The level entry studio apartment has a small kitchenette, sleeping area and bathroom. The upstairs main floor has a large living room with wood burning fireplace. The main floor kitchen hosts a dishwasher, laundry and access to back deck area. Bedroom with barn door to full bathroom makes up this main level. Live on one floor and rent out the other! With plenty of parking, private entries to each floor, minutes to local ski resort and hiking trails, makes this a property perfect for full time or part time income potential.
Condition Rating
Fair
Built in 1931, this property has received cosmetic updates such as newer laminate flooring and fresh paint, and some modern touches like recessed lighting and a barn door. However, the main kitchen features dated dark wood cabinets, laminate countertops, and white appliances. The studio kitchenette is basic, and the studio bathroom has a simple corner shower and dated vanity light. While functional and maintained, the property's core components and overall style reflect its age and lack a recent, extensive renovation, fitting the 'fair' category where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Income Potential / Dual Living: The property features two separate living accommodations with private entries, offering excellent potential for rental income or multi-generational living.
Prime Mountain Location: Conveniently located within walking distance to town and just minutes from local ski resorts and hiking trails, appealing to both full-time residents and vacationers.
Ample Parking and Storage: Provides plenty of off-street parking and dedicated storage, a valuable asset for mountain properties.
Charming Mountain Cabin Features: Described as an 'adorable mountain cabin' with a wood-burning fireplace and access to a back deck, enhancing its rustic appeal.
Significant Price Reduction: The list price has seen multiple reductions from its original, indicating a motivated seller and potentially offering good value at the current price point.
Cons
Advanced Age of Property: Built in 1931, the property is likely to require significant updates to its core systems (plumbing, electrical, HVAC) and general modernization to meet current standards.
Compact Interior Spaces: With 1205 sqft split into two separate living accommodations, individual living areas are likely to be quite small and potentially feel cramped.
Modest View: Despite being on 'Panorama Drive' and having a view, it is specifically noted as a 'Neighborhood' view, which may not offer the expansive scenic vistas often sought in a mountain property.