
Forest Falls, California 92339
This Mountain Residential Asset is a Strong Value Opportunity, listed at $469,995—positioned well above the $438,451 Fair Market Value by 7%. While the price reflects a premium, the property offers significant upside through its 10,990 sqft lot, Granite Kitchen, and Spectacular Mountain Views. With a Condition Rating of 4, the home requires strategic updates to modernize its 1951 infrastructure. The dual-access layout and detached unit provide excellent versatility for rental income or guest quarters. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39347 Prospect Subject 3 bd · 2 ba · 1,558 sqft · $281 | $469,995* List Price | 3 | 2 | 1,558 | $281 | - |
A 40204 Valley Of The Falls Sold 3 bd · 2 ba · 1,374 sqft · $266 · 1.0 mi | $365,000 | 3 | 2 | 1,374 | $266 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this property is over 70 years old. While the exterior appears well-maintained and the description mentions granite countertops (indicating a past renovation), the lack of interior photos and the age of the structure suggest the home is likely dated with systems and finishes that are 20+ years old, fitting the criteria for minor updates and repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10990, living area = 1558.
The property offers breathtaking views of the San Bernardino Peak and the Palisades, complemented by a private grotto and an oversized lot that maximizes the natural mountain setting.
Featuring rare access from both Prospect and Canyon Drives, the property includes a detached unit with a covered carport, offering excellent versatility for guests or additional storage.
The current listing lacks interior photos, which may create uncertainty for remote buyers and requires an in-person visit to fully assess the home's condition and layout.
Built in 1951, the home may require ongoing maintenance or updates to its older systems and structural elements to meet modern efficiency and safety standards.
Act Now there is still time to come home to the mountains for the Holidays! Beautiful 3 bedroom 2 bath home has access from both Prospect and Canyon Drives! Set off the street on an oversized lot sits this Mountain Charmer! Spectacular views of the San Bernardino Peak and the Palisades. Private grotto area perfect for sitting in nature and listening to the birds. Main level of home has big kitchen with granite counter tops, adjacent to dining area. Lots of windows to let that down canyon draft waft through and cool your home as the peak Summer season is upon us. Nice sized living room has efficient wood burning stove. Full bath and main floor master with private balcony this complete this comfortable space. Downstairs hosts 2 bedrooms, one with its own exterior entrance, full bath and laundry room in addition to big rear deck for star gazing. Detached unit at rear of property also has covered carport. If the mountains have been calling this home is a must see! Don't be fooled by lack of interior photos this home is like a present you won't know how charming it is until you unwrap it and walk inside the front door!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,558 | 1,829.75 |
| Lot Size | 10,990 | 10,042 |
| Price | $470.0K | $426.0K |
| Price per sq ft | $302 | $307 |
| Built year | 1951 | 1949 |
| HOA | $0 | $145 |
| Days on market | 5 | 219 |
Oct 19, 2026
$469,995
Initial Listing
Oct 2, 2019
$339,000
Public Record
Sep 1, 1994
$135,000
Public Record