31739 Panorama Drive, Running Springs, California 92382, Running Springs, 92382 - 3 bed, 2 bath

31739 Panorama Drive, Running Springs, California 92382 home-pic-0
ACTIVE$369,900
31739 Panorama Drive, Running Springs, California 92382
3Beds
2Baths
1,200Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($331,915.405) is $37,984.595 (10%) lower than the list price ($369,900). This property may be overpriced.

Key pros and cons

Top Pros:
Financial Incentive: The seller is offering a significant $20,000 credit towards closing costs, providing an immediate financial benefit to the buyer.
Top Cons:
Listed Above Estimated Value: The property's current list price of $369,900 is approximately 3% higher than its estimated market value of $356,079, potentially limiting immediate equity gain.

Compared to the nearby listings

Price:$369.9K vs avg $359.0K (+$10,900)58%
Size:1,200 sqft vs avg 1,209 sqft47%
Price/sqft:$308 vs avg $28866%

More Insights

Built in 1981 (44 years old).
Condition: Built in 1981, the property has received some recent updates, including a new roof in 2020, indicating good maintenance. However, the kitchen, while functional with white cabinets and black appliances, features an outdated style with fluorescent lighting. Other interior elements like carpets and light fixtures also suggest an older aesthetic. The property is move-in ready but would benefit from cosmetic updates to the kitchen and bathrooms to align with current styles.
Year Built
1981
Close
-
List price
$370K
Original List price
$370K
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
IG25239811
Home ConditionFair
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

Seller to credit buyer $20,000 toward closing costs. Welcome to your mountain retreat! This charming RECENTLY UPDATED, LEVEL ENTRY, three-bedroom, two bath home is nestled in the heart of the California mountains, perfectly positioned for year-round enjoyment. On the main level is a bright open living room with wood burning fireplace, which boasts an open-concept design that seamlessly connects the kitchen, dining, and living areas. There is also a BEDROOM, BATH and LAUNDRY ON MAIN LEVEL. On the upper level you will find two more bedrooms and a bath. This property offers level off street parking for three vehicles (Owner has had as many as five vehicles parked in space) as well as a private deck where you can enjoy city lights and outdoor entertainment. A new roof was installed in 2020. Step outside and you’re just minutes from scenic hiking trails, tranquil mountain lakes ideal for kayaking and fishing, and ski resorts for winter fun. Whether you prefer peaceful summer walks or winter adventures on the slopes, this location puts outdoor activities right at your doorstep!! Conveniently located just 20 minutes down the hill to the 210 freeway.

Condition Rating
Fair

Built in 1981, the property has received some recent updates, including a new roof in 2020, indicating good maintenance. However, the kitchen, while functional with white cabinets and black appliances, features an outdated style with fluorescent lighting. Other interior elements like carpets and light fixtures also suggest an older aesthetic. The property is move-in ready but would benefit from cosmetic updates to the kitchen and bathrooms to align with current styles.
Pros & Cons

Pros

Financial Incentive: The seller is offering a significant $20,000 credit towards closing costs, providing an immediate financial benefit to the buyer.
Recent Updates & Key System Upgrade: The home has been recently updated and features a new roof installed in 2020, minimizing immediate maintenance and renovation needs for the buyer.
Exceptional Mountain Lifestyle Location: Perfectly positioned in the heart of the California mountains for year-round enjoyment, with minutes-away access to scenic hiking trails, tranquil lakes, and popular ski resorts.
Convenient & Accessible Layout: Boasts a desirable level entry, an open-concept main floor, and the practical convenience of a bedroom, bath, and laundry all on the main level.
Ample Parking & Outdoor Entertainment: Offers generous level off-street parking for 3-5 vehicles and a private deck with city lights views, ideal for outdoor enjoyment and entertaining.

Cons

Listed Above Estimated Value: The property's current list price of $369,900 is approximately 3% higher than its estimated market value of $356,079, potentially limiting immediate equity gain.
Potential for Older Systems: Despite recent updates, the home was built in 1981, suggesting that some core systems or components not explicitly covered by the 'recent updates' might be older and could require future maintenance or replacement.
Absence of Central Air Conditioning: The property description does not indicate the presence of a central cooling system, which could be a consideration for comfort during warmer periods, especially for buyers accustomed to AC.

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