40204 Valley Of The Falls, Forest Falls, California 92339, Forest Falls, 92339 - 3 bed, 2 bath
40204 Valley Of The Falls
Forest Falls, California 92339
Property Price
SUMMARY
Analysis of 40204 Valley Of The Falls, Forest Falls, California 92339 reveals a Fairly Priced Property with a current list price of $365,000 aligned with the estimated $374,422 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Forest Falls 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 |
|---|---|---|---|---|---|---|
★ 40204 Valley Of The Falls Subject | $365,000* List Price | 3 | 2 | 1,374 | $273 | - |
A 40300 Valley Of The Falls Active Under Contract | $365,000 List Price | 3 | 2 | 1,440 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a newer roof, new DuPont pet-proof carpeting, waterproof luxury vinyl flooring, and a central heating system. While the structure dates back to 1928, the interior is well-maintained with updated surfaces and functional systems, providing a modern standard of comfort within a rustic cabin aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9700, living area = 1374.
- Financial Accessibility
The property is USDA $0 down payment eligible, offering a rare and highly accessible entry point into the mountain real estate market for qualified buyers.
- Recent Capital Improvements
Significant recent upgrades including a newer roof, luxury vinyl flooring, pet-proof carpeting, and central heating reduce immediate post-purchase expenses and enhance move-in readiness.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1928, the home's century-old foundation and core systems may require more specialized ongoing maintenance compared to modern constructions.
- Limited Vehicle Protection
The property features a detached carport rather than a fully enclosed garage, which may be a drawback for residents seeking maximum protection from heavy winter snow and mountain wildlife.
About 40204 Valley Of The Falls
Mountain Living in Forest Falls – USDA $0 Down Eligible Rare Single-Story Cabin-Style Home | 3 Bedrooms | 2 Baths | Low HOA | Easy Redlands & I-10 Access Charming single-story mountain home for sale in Forest Falls, offering the perfect blend of rustic character and everyday convenience. This 3-bedroom, 2-bath cabin-style home features a spacious, light-filled floor plan and a stunning mansard-style living room with rich knotty pine accents, delivering the warm mountain ambiance today’s buyers are searching for. The oversized country kitchen provides ample space for entertaining and family gatherings. Recent upgrades include a newer roof, new DuPont pet-proof carpet, waterproof luxury vinyl flooring, and central heating for year-round comfort. Home is offered partially furnished, adding immediate value and move-in ease. Additional features include abundant under-house storage, a new detached oversized carport, and a brand-new oversized storage shed—ideal for tools, outdoor gear, or hobby space. The peaceful backyard retreat is highlighted by a magnificent stand of approximately 400-year-old trees, creating exceptional privacy and a serene natural setting. Low HOA includes: water, trash, seasonal snow removal, and common area maintenance—making mountain living simple and affordable. Conveniently located just minutes from Redlands with easy access to I-10, this home offers the ideal balance of quiet mountain lifestyle and commuter accessibility. USDA financing eligible with potential $0 down payment. Perfect for full-time living, a second home, or investment property in the San Bernardino County mountains.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 9,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $145.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,374 | 1,394 | 50% |
| Lot Size | 9,700 | 9,050 | 50% |
| Price | $365.0K | $367.2K | 50% |
| Price per sq ft | $266 | $249 | 63% |
| Built year | 1928 | 1951 | 19% |
| HOA | $145.0 | $0 | 81% |
| Days on market | 10 | 206 | 6% |
Pricing History
Listed for Sale
Feb 25, 2026
$365,000
Initial Listing
Sold
Dec 16, 2021
$315,000
Public Record
Sold
Jul 18, 2018
$223,000
Public Record