31776 Panorama Road, Running Springs, California 92382, Running Springs, 92382 - 4 bed, 2 bath
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Running Springs, California 92382
This Mountain Value-Add Residence presents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $372,036 Fair Market Value by 5%. This valuation gap offers $22,036 in Instant Equity for buyers. While the property has a Condition Score of 4 and requires cosmetic modernization, the 1,880 sqft floor plan featuring four bedrooms and dual decks provides substantial forced appreciation potential. Located in the Rim of the World district, this asset is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31776 Panorama Road Subject | $350,000* List Price | 4 | 2 | 1,880 | $186 | - |
A 2616 Secret Drive Sold | $380,000 | 4 | 3 | 1,843 | $206 | 0.2 mi |
B 31523 Pleasant Drive Sold | $375,000 | 3 | 2 | 1,561 | $240 | 0.3 mi |
C 31471 Ocean View Sold | $425,000 | 3 | 2 | 1,894 | $224 | 0.4 mi |
D 31662 Panorama Drive Sold | $275,000 | 2 | 2 | 1,205 | $228 | 0.2 mi |
E 31530 Onacrest Pending | $399,000 List Price | 2 | 3 | 1,692 | $236 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property is in original or heavily dated condition, requiring significant cosmetic modernization. The kitchen features older wood cabinetry, white tile countertops with wide grout lines, and dated appliances. Bathrooms show 1970s-style tan tiling and aging vanities. The presence of acoustic ceiling tiles, dated wallpaper, and worn carpeting throughout indicates that no major renovations have occurred in several decades, though the structure appears functional and maintained.
With four bedrooms and multiple bonus rooms suitable for a workshop or home office, this 1,880 sqft home offers exceptional flexibility for large families or remote workers.
The property is well-equipped for high-elevation living, featuring two wood-burning fireplaces, a wet bar, and dual decks that maximize the enjoyment of the local climate and snowfalls.
The detached garage includes a covered breezeway to protect residents from the elements, complemented by a tandem driveway that provides ample parking for multiple vehicles.
Built in 1962, the home likely requires modernization of its original systems and cosmetic updates to meet the expectations of contemporary buyers.
For a four-bedroom residence, the presence of only two bathrooms (including one half-bath) may create a bottleneck for larger households or when hosting guests.
This charming two-story, four-bedroom, two-bath mountain home is nestled in beautiful Running Springs — just 25 minutes up Highway 330, sitting at approximately 6,000 ft elevation where you can enjoy true winter snowfalls. The entry-level features two bedrooms, a half bath, a spacious family/living room with a wood-burning fireplace, a convenient wet bar, a laundry room, and a versatile bonus room perfect for a workshop or storage. The upper level offers two additional bedrooms, a full bath, a bright living/family room with another wood-burning fireplace, a dining area, and a cozy kitchen with easy access to front and rear decks—ideal for relaxing or entertaining. A smaller bonus room can serve as a home office or extra storage space. The detached single-car garage includes a covered breezeway, keeping you protected from rain or snow, and the tandem driveway provides ample parking for multiple vehicles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,880 | 1,279 | 84% |
| Lot Size | 4,785 | 7,200 | 19% |
| Price | $350.0K | $357.5K | 48% |
| Price per sq ft | $186 | $286 | 6% |
| Built year | 1962 | 1973 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 208 | 10% |
Mar 20, 2026
$350,000
Initial Listing