Backup offers
$3,990 Closing Credit¹
#IG25024195, RODERICK GRAHAM, Listing Office: GILLMORE REAL ESTATE
$325,000 List price
40848 Valley Of The Falls Dr Forest Falls, CA 92339
$3,859
Closing credit¹
3 beds
2 full
1,324 sqft
0.4 acres
$245 / sqft
House
Property details
About 40848 Valley Of The Falls Dr
Huge Price Reduction...don't miss out on this Creekside home that has just been waiting for you to call it your own! Incredible Location. The first thing you notice is the sound of Mill Creek. Instantly your blood pressure drops and you know you can see yourself spending time here to escape stressful city life. This adorable home has 3 bedrooms and 2 baths. Enter into open living/dining area and observe native river rock fireplace w/ insert to keep it cozy during the cooler months and romantic Fall evenings. Kitchen has laminate floors and countertops, opens into living room w/ breakfast bar for convenience. Front bedroom is a step down from living room and full bath and has lots of windows for natural light. Rear bedroom has soaring ceilings and a wall of windows looking out into the forest, and an additional wood burning stove making it oh so charming and warm. This big bedroom could double as a great room if desired. Downstairs bedroom accessed from inside or out is good sized and neighbor to big laundry room and wine cellar. So much character in this one of a kind mountain home from the vintage five panel doors, glass door knobs and leaded glass windows to the cedar panelling and vintage brass handles on the kitchen cabinets. Detached work shop at front of property. The only real thing it needs are your personal touches to call it home. Surrounded by National Forest there are trees everywhere.
Highlights
Home typeSingle Family Residence
HeatingElectric, Fireplace(s), Wood Stove
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Size1,324 sqft
BasementYes
Lot size0.36 Acres
Year built1926
ParkingOff Street, Unpaved
MLS #IG25012585
WaterfrontCreek
FireplaceLiving Room, Wood Burning
ViewMountain(s), Other, River, Trees/Woods
Summary
- Full Bathrooms: 2
- Basement: Yes
- Flooring Type: Carpet, Concrete, Laminate
- Interior: High Ceilings, Bedroom on Main Level, Main Level Primary
- Fireplace: Living Room, Wood Burning
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Off Street, Unpaved
- Waterfront: Creek
- View: Mountain(s), Other, River, Trees/Woods
- Heating: Electric, Fireplace(s), Wood Stove
- Cooling: None
- List Price: $325,000
- Price/SqFt: $245
- Annual Tax Amount: $1,632
- Tax Year: 2024
- Lot: Sloped Down
- Directions: HWY 38 to Valley of the Falls Dr. Go up about 3.5 miles property across the street from the Fire station
- Year Built: 1926
- Stories: 2
- Living Area: 1,324 SqFt
- Lot Size: 0.36 Acres
- MLS Number: IG25012585
- MLS Name: CRMLS
- Office Name: GILLMORE REAL ESTATE
- Office Email: debi@forestfalls.com
- Listing Agent: DEBORAH WELCH
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 1:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$325,000
40848 Valley Of The Falls Dr
$3,859
closing credit¹
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Seller rebate
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $137,637 | $1,632 |
| 2023 | $134,939 | $1,632 |
| 2022 | $132,293 | $1,593 |
| 2021 | $129,699 | $1,621 |
| 2020 | $128,369 | $1,537 |
| 2019 | $125,852 | $1,331 |
| 2018 | $123,385 | $1,322 |
| 2017 | $120,966 | $1,297 |
History based on county public records data.
Nearby schools
5
Ridgeview Elementary School
Public District KG-5
7.6 mi
•11021 Sunnyside Dr
5
Wildwood Elementary School
Public District KG-5
8.1 mi
•35972 Susan St
3
Calimesa Elementary School
Public District KG-5
9.2 mi
•13523 2nd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $68,981. Most Forest Falls, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
31%
<35k
43%
35k-100k
21%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
8%
Single, with Kids
35%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
52%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 40848 Valley Of The Falls Dr
The listing price of 40848 Valley Of The Falls Dr property is $325,000.
The property 40848 Valley Of The Falls Dr is a house located in Forest Falls, California, 92339.
Accepting Backup Offers: 40848 Valley Of The Falls Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 40848 Valley Of The Falls Dr are: Ridgeview Elementary School (GreatSchools Rating 5/10), Wildwood Elementary School (GreatSchools Rating 5/10), Calimesa Elementary School (GreatSchools Rating 3/10), Park View Middle School (GreatSchools Rating 5/10), Green Valley Independent Study (GreatSchools Rating 5/10), Inland Leaders Charter (GreatSchools Rating 8/10), Green Valley High School (GreatSchools Rating 3/10), Beaumont High School (GreatSchools Rating 6/10), Oak View High School & Education Center (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,632 (source: MLS/based on county public records data).
The property at 40848 Valley Of The Falls Dr has 3 bedrooms and 2 bathrooms.
The property 40848 Valley Of The Falls Dr is 1,324 SqFt (source: MLS/tax record).
The year of construction for 40848 Valley Of The Falls Dr is 1926.
This home is located at 40848 Valley Of The Falls Dr in Forest Falls, CA and zip code 92339. This 1,324 square foot home, which was built in 1926, sits on a 0.36 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 18, 2025 and is currently priced at $325,000.
In April 2025 more than 1 listings in Forest Falls, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below. The inventory of homes for sale in Forest Falls, CA between March and April 2025 increased by 20%. While the average time on the market in April 2025 was 11 days, the median list price was $105,000.
From Rocket Homes Real Estate and based on county public records data.