33308 Iris Drive, Green Valley Lake, California 92341, Green Valley Lake, 92341 - 2 bed, 2 bath
33308 Iris Drive
Green Valley Lake, California 92341
Property Price
SUMMARY
Analysis of 33308 Iris Drive, Green Valley Lake, California 92341 reveals a property with a current list price of $399,999, which is 18% above the estimated $336,597 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Green Valley Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33308 Iris Drive Subject | $399,999* List Price | 2 | 2 | 1,084 | $311 | - |
A 33480 Weeping Willow Drive Sold | $285,000 | 2 | 1 | 1,000 | $285 | 0.2 mi |
B 33478 Angeles Drive Sold | $345,000 | 2 | 2 | 1,234 | $280 | 0.4 mi |
C 33387 Robin Drive Sold | $315,000 | 3 | 2 | 1,080 | $292 | 0.4 mi |
D 33663 Green Valley Lane Sold | $325,000 | 2 | 2 | 1,164 | $279 | 0.5 mi |
E 32991 Canyon Drive Sold | $320,000 | 2 | 2 | 1,152 | $278 | 0.5 mi |
F 33469 Squirrel Drive Sold | $337,000 | 3 | 2 | 1,196 | $282 | 0.2 mi |
G 33389 Wild Cherry Drive Pending | $410,000 List Price | 3 | 2 | 1,479 | $277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2008, this property falls perfectly into the 10-20 year age bracket for a 'good' rating. It is move-in ready and has been well-maintained as a lightly used second home. The kitchen features modern stainless steel appliances and butcher block countertops, and the interior wood finishes and systems appear functional and within their expected lifespan without requiring immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Maintenance
Built in 2008 and lightly used as a second home, this property offers superior structural integrity and modern systems compared to older area cabins, featuring updated stainless steel appliances and butcher block countertops.
- Outdoor Living & Utility
The home boasts three spacious decks for enjoying the mountain air, a larger-than-average lot, and rare dedicated parking for an RV or boat, catering perfectly to outdoor enthusiasts.
- High Investment Potential
With an estimated annual rental income of $31,600 and close proximity to forest trails and lake recreation, this property presents a compelling opportunity for a high-yield short-term rental.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At just 1,084 square feet with a 1.5-bath layout, the interior space may feel restrictive for larger groups or families seeking a full-time residence.
- Educational Accessibility
The property is located a significant distance from local schools, with the middle and high schools situated over 7.5 miles away, which may deter long-term buyers with school-aged children.
About 33308 Iris Drive
Built in 2008 and lightly used as a second home, this beautifully maintained log-style retreat offers the perfect blend of rustic charm and modern convenience. Set on a larger lot this home features two spacious bedrooms, 1.5 baths, and three inviting decks to enjoy the mountain air. Inside, you’ll find wood finishes throughout, a cozy wood-burning stove, and a gas fireplace in the primary bedroom. The kitchen includes butcher block countertops, stainless steel appliances, and convenient access to the backyard. A stackable washer/dryer and basement access through the interior add functionality. With room to park your RV or boat, you’ll enjoy the ability to purchase annual passes for fishing, boating, and swimming. The forest is just a short stroll away, making this the ideal mountain escape. Estimated rental income is: $31,600. 3rd party proforma data available by request.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2008
- Lot Size
- 4,428 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Green Valley Lake Unified Schools
Charles Hoffman Elementary School
Grades K-5 • 3.0 mi
Rim Virtual
Grades K-8 • 7.4 mi
Mary P. Henck Intermediate School
Grades 6-8 • 7.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,084 | 1,152 | 48% |
| Lot Size | 4,428 | 6,321 | 40% |
| Price | $400.0K | $325.0K | 76% |
| Price per sq ft | $369 | $280 | 72% |
| Built year | 2008 | 1966 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 254 | 4% |
Pricing History
Listed for Sale
Feb 27, 2026
$399,999
Initial Listing