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31867 Wagon Wheel Drive, Running Springs, California 92382, Running Springs, 92382 - 2 bed, 2 bath

31867 Wagon Wheel Drive, Running Springs, California 92382 home-pic-0
ACTIVE$330,000
31867 Wagon Wheel Drive, Running Springs, California 92382
2Beds
2Baths
1,048Sqft
5,400Lot

Price Vs. Estimate

The estimated value ($292,419.83) is $37,580.17 (11%) lower than the list price ($330,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unique Architectural Design: Distinctive Gambrel Lodge with a silo-style watchtower, offering a one-of-a-kind cabin experience that stands out in the market.
Top Cons:
Limited Private Bedrooms: The 'loft bedroom and several sleeping areas' suggest an open concept that may lack the privacy of traditional, enclosed bedrooms, potentially limiting appeal to some buyers.

Compared to the nearby listings

Price:$330.0K vs avg $358.0K ($-28,000)43%
Size:1,048 sqft vs avg 1,209 sqft36%
Price/sqft:$315 vs avg $28872%

More Insights

Built in 1970 (55 years old).
Condition: Built in 1970, this property is well-maintained and functional, but the kitchen and bathroom show significant signs of being outdated. The kitchen features older wood cabinets, white tile countertops, white appliances, and a dated fluorescent panel light. The bathroom appears basic and functional but lacks modern updates. While the unique architectural style and overall cleanliness are positives, the key areas for assessment (kitchen and bathroom) would require minor to moderate updates to align with current quality standards and styles.
Year Built
1970
Close
-
List price
$330K
Original List price
$379K
Price/Sqft
$315
HOA
-
Days on market
-
Sold On
-
MLS number
IG25076330
Home ConditionFair
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods

About this home

A Dramatic Home with a Dramatic Price Reduction! Wagon Wheel Retreat! Architecturally Unique Gambrel Lodge with A Silo Style Watchtower. Artists Escape - Farmhouse Feelings...A Very Unique Cabin Experience! One Of a Kind - You Will Not Find Another Retreat Like This One! Open Concept in Design. The Living Room features Impressive Windows to Let in the Lovely Natural Light, Soaring Ceilings and A Wood Burning Fireplace for Wonderful Mountain Ambiance. Perfectly Placed Kitchen with Dining Area and Exterior Door to Deck for Outdoor Cooking and Dining. Loft Bedroom and Several Sleeping Areas Enhance the Open Concept Feeling. The 3 Story Watchtower with Great Windows and a Spiral Staircase is a Fantastic Place for Children, Artists, and Dreamers to Immerse themselves in Creativity. Situated on a Corner Lot with Delightful Outdoor Spaces including a Large Tree Lined Mostly Flat Front Yard - Offering Peace and Privacy. There is A Well Thought Out Wrap Around Covered Deck to Enjoy the Beautiful Outdoors. Excellent Flat Parking with just a few steps to the Front Door. Plenty of Storage with Smartly Placed Closets throughout the Cabin plus Exterior Storage Under the Deck. Could Come Furnished. An Easy Turn Key Situation. A little Goldmine in the Wintertime - Rented out Every Weekend! Located on a County Plowed, Paved and Maintained Road. Within An Enchanting Neighborhood with Good Access to Hwy 18, Town, Saturday's Farmers Markets, Shopping and Restaurants. Running Springs is a Four Season Mountain Resort Town with Excellent Proximity to Hiking, Ski Resorts and Local Adventure Park - Sky Park at Santa's Village. Just a Hop, Skip and Jump from most Southern California Locations...The Mountains Are Calling and They're Closer than You Know! Be Inspired! Check out this video of the property - https://www.youtube.com/watch?v=2Y9XdxVJy-s&t=1s

Condition Rating
Fair
Built in 1970, this property is well-maintained and functional, but the kitchen and bathroom show significant signs of being outdated. The kitchen features older wood cabinets, white tile countertops, white appliances, and a dated fluorescent panel light. The bathroom appears basic and functional but lacks modern updates. While the unique architectural style and overall cleanliness are positives, the key areas for assessment (kitchen and bathroom) would require minor to moderate updates to align with current quality standards and styles.
Pros & Cons

Pros

Unique Architectural Design: Distinctive Gambrel Lodge with a silo-style watchtower, offering a one-of-a-kind cabin experience that stands out in the market.
Strong Income Potential: Proven rental history, described as 'rented out every weekend' in winter, and the option to come furnished, making it an attractive turnkey investment.
Desirable Mountain Location: Situated in a four-season mountain resort town with excellent proximity to recreational activities (hiking, skiing, Sky Park) and local amenities, on a county-maintained road.
Excellent Outdoor Living & Parking: Features a large, mostly flat, tree-lined corner lot, a well-thought-out wrap-around covered deck, and ample flat parking with easy access to the front door.
Charming Interior Ambiance: Open concept design with impressive windows, soaring ceilings, and a wood-burning fireplace, creating a bright and cozy mountain atmosphere.

Cons

Limited Private Bedrooms: The 'loft bedroom and several sleeping areas' suggest an open concept that may lack the privacy of traditional, enclosed bedrooms, potentially limiting appeal to some buyers.
Property Age: Built in 1970, the property is over 50 years old, which may imply potential for older systems or components that could require future maintenance or upgrades.
Significant Price Reductions: Multiple 'dramatic price reductions' from the original list price could suggest previous overpricing or challenges in market valuation, potentially raising buyer concerns about value.

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