$303,000
●
House -
Off Market
31967 Pine Cone Drive
Running Springs, CA 92382
2 Beds
2 Baths
1,345 Ft²
$439,682
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Beautiful Backyard is a National Forest! Turnkey updated furnished
home (or bring yours). Endless hiking for over 200 acres in the
backyard. Panoramic Ridge Line Views. Private Sun Porch with Large
View Windows & Wood Burning Fireplace ~ 1st floor Bedroom with
Vaulted Ceilings, Open Floor Plan with Kitchen, Dining Room, Living
Room with Wood Burning Rock Fireplace ~ Upstairs Bedroom, Bath, Gas
Fireplace, 3 Sitting Areas, Panoramic View Deck, Turf Area to relax
in the Viewing Chairs. Hardwood floors. Million dollar views
and a close 1 minute walk to town. 250 sq/ft enclosed sunroom is
not included in the total sq footage but is great for all seasons!
From your backyard hike, you can see from the valley to Long Beach
and Catalina Island on a clear day. It is truly an incredible
place. You cannot beat the convenience of this home! Aside from
being walk-able to grocery, restaurants, and farmers markets, it is
just 15 minutes to Lake Arrowhead and 25 to Big Bear Lake. 10
minutes to Snow Valley / Snow Drift Park, and the amazing Santas
Village at Sky Forest (now open every day). The perfect mountain
getaway home or full time residence. Property has a strong rental
history (books every weekend typically) that helps pay for the
mortgage if you will have one, or make money if you don't. All
income records available in the documents section..
Neighborhoods: Running Springs Equipment: Dryer, Washer
Other Fees: 0 Sewer: Sewer Connected Topography: ,SSLP
Unit Size
1,345 Ft²
Days on Market
87 days
Land Size
-
Price per sqft
$223
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (SDMLS #190035065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| Jul 13, 2021 | In contract | - | |
| In contract | |||
| Jun 4, 2021 | Listed by RE/MAX TOP PRODUCERS | $355,000 | |
| Listed by RE/MAX TOP PRODUCERS | |||
| | |||
|
Location, Location, Location!!! This gorgeous home is located walking distance from eateries, shopping and highway. Located below the street sits your mountain getaway. Open your front door and your breath will be taken away by the wall of windows that looks out to the forest! The living and dining area are spacious and have a gorgeous view. The living room offers a warm and inviting fireplace. There is a sun room with fireplace as well and makes for a great play room. One bedroom is on first level and Second bedroom is on second floor. There is a spacious loft that doubles as a possible 3rd bedroom as there is a built in daybed. The upstairs loft boast a fireplace and has a balcony that over looks the forest. With the right furniture you could sleep up to 10 people in the cabin. 2 car landing adds to this homes appeal for accessible parking. This is a great place to call home or your home away from home! The manager has listed the unit size as 1325 square feet.
| |||
| Sep 20, 2019 | Sold | ||
| Sold | |||
| Jun 25, 2019 | Listed by Red Tree Realty | $299,995 | |
| Listed by Red Tree Realty | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Running Springs
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Eric Matyko, Red Tree Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190035065
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190035065
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