NOT LISTED FOR SALE

31608 Valley View Dr Running Springs, CA 92382

Estimated Value: $639,585

4 Beds
4 Baths
2,020 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $355,000 $176 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,815/month

469 Days on Market

Highlights

  • Custom Home
  • Property is near public transit
  • Neighborhood Views
  • Near a National Forest
  • No HOA
  • Outdoor Storage

About This Home

As of March 2017

THIS IS ONE OF THOSE RARE OPPORTUNITIES YOU WON'T WANT TO PASS UP! LARGE COMMERCIAL BUILDING RIGHT IN THE HEART OF RUNNING SPRINGS WITH 5 UNITS. 4 ARE RENTED AND RENTERS ARE HAPPY WITH NO PLANS TO LEAVE! 4 UNITS ARE APARTMENTS: 1- 2 BD/1BA, 2- 1 BD/1BA AND 1 LARGE STUDIO APARTMENT. THE 5TH UNIT IS A RETAIL RENTAL SPACE AND IS CURRENTLY NOT OCCUPIED. ONE OF THE EASIEST BUYS YOU'LL SEE! GREAT RETURN ON THIS ONE! THERE ARE 2 UNITS DOWN AND 2 UP. THE RETAIL SPACE IS A SEPARATE BUILDING. THERE ARE ALSO 2 STORAGE SHEDS ON THE PROPERTY AND LOTS OF LEVEL PARKING. FABULOUS LOCATION FOR PUBLIC TRANSPORTATION AND WALKING DISTNCE TO MARKET AND TOWN. ONE LOWER UNIT IS CURRENTLY BEING USED AS RETAIL/LIVING QUARTERS AND DOES NOT HAVE A BUILT IN KITCHEN ALTHOUGH THERE IS SPACE TO BUILD ONE IN IF DESIRED. THIS IS A MUST SEE PROPERTY FOR THE SEASONED INVESTOR AS WELL AS THE FIRST TIME INVESTOR.

Last Agent to Sell the Property

ANDREA LASSAK

COLDWELL BANKER SKY RIDGE REALTY License #00827102 Listed on: 11/05/2015

COLDWELL BANKER SKY RIDGE REALTY

Last Buyer's Agent

SARAH POLLEY

Windermere Real Estate License #01992660

Windermere Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,082

Year Built

  • Built in 1951

Lot Details

  • 6,216 Sq Ft Lot
  • Property fronts a county road
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Custom Home
  • Property Attached
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,020 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Fire and Smoke Detector
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Outdoor Storage
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 29 / 8
  • Tax Tract Number 2553
  • Assessor Parcel Number 0295033410000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Near a National Forest
  • Mountainous Community

Building Details

  • 5 Leased Units
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $2,100
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,273
  • Operating Expense $9,173
  • Gross Income $3,100
  • Net Operating Income $28,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,082

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Road Surface Type: Maintained, Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Custom Built
  • Property Type: Residential Income
  • Parcel Number: 0295033410000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 175.74

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Storage
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Level with Street, Paved, Near Public Transit
  • Lot Size Sq Ft: 6216.00
  • Price Per Lot Square Foot: 58.72
  • Lot Size Acres: 0.1430

Multi Family

  • Electric Expense: 1800.00
  • Fuel Expense: 1800.00
  • Gross Income: 3100.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 6216.0000 Square Feet
  • Net Operating Income: 28027.00
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number Wall A C: 1
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 9173.00
  • Rent Control: No
  • Total Expenses: 9173.00

Tax Info

  • New Taxes Expense: 2273.00
  • Tax Block: 8
  • Tax Lot: 29
  • Tax Tract Number: 2553

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Norris Michael and Norris Laura
Bought by
Ramsar Holdings Llc
Current Estimated Value
$639,585

Purchase Details

Listed on
Nov 5, 2015
Closed on
Mar 1, 2017
Sold by
Martinez Maria C
Bought by
Norris Michael and Norris Laura
Seller's Agent
ANDREA LASSAK
COLDWELL BANKER SKY RIDGE REALTY
Buyer's Agent
SARAH POLLEY
Windermere Real Estate
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2006
Sold by
Martinez Luis Alberto
Bought by
Martinez Maria C

Purchase Details

Closed on
Dec 16, 2001
Sold by
Batchelder Curtis C and Batchelder Mary Caroline
Bought by
Martinez Luis A and Martinez Maria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.73%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ramsar Holdings Llc $200,000 Orange Coast Title Company
Norris Michael $355,000 Wfg National Title Company
Martinez Maria C -- None Available
Martinez Luis A $223,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norris Michael $30,000
Previous Owner Martinez Luis A $150,000
Closed Martinez Luis A $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2017 03/27/17 Sold $355,000 -6.6% $176 / Sq Ft
02/16/2017 02/16/17 Pending -- -- --
11/05/2015 11/05/15 For Sale $379,900 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,082 $412,008 $58,030 $353,978
2024 $5,082 $403,929 $56,892 $347,037
2023 $5,024 $396,008 $55,776 $340,232
2022 $4,928 $388,243 $54,682 $333,561
2021 $4,874 $380,631 $53,610 $327,021
2020 $4,874 $376,728 $53,060 $323,668
2019 $4,752 $369,342 $52,020 $317,322
2018 $4,487 $362,100 $51,000 $311,100
2017 $3,160 $245,868 $38,385 $207,483
2016 $2,267 $170,000 $28,900 $141,100
2015 $2,273 $170,000 $28,900 $141,100
2014 $2,276 $170,000 $28,900 $141,100
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    ANDREA LASSAK

    COLDWELL BANKER SKY RIDGE REALTY

    Section Image

  • S

    Buyer's Agent in 2017

    SARAH POLLEY

    Windermere Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15240640

California Regional Multiple Listing Service (CRMLS)

APN: 0295-033-41

California San Bernardino County Running Springs 92382

31608 Valley View Dr, Running Springs, CA

This home is located at 31608 Valley View Dr, Running Springs, CA 92382 since 05 November 2015 and is currently priced at $639,585, approximately $316 per square foot. This property was built in 1951. 31608 Valley View Dr is a home located in San Bernardino County with nearby schools including Charles Hoffman Elementary School, Mary P. Henck Intermediate School, and Rim Of The World Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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