1011 Thomas Lane, Ventura, California 93003, Ventura, 93003 - 3 bed, 3 bath
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Ventura, California 93003
This townhouse represents a Strong Value Opportunity, listed at a List Price of $625,000—positioned well below the $628,911 Fair Market Value by 0.62%. This valuation gap offers $3,911 in Instant Equity. With a Condition Rating of 5, the property requires cosmetic updates, providing a clear path for forced appreciation. Located in the Weston Village community, it offers a functional 1,660 sqft layout. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a stable Ventura location.
Property is extensive renovation needed.
Built in 1987, the property is 37 years old, which falls into the >30y category. Based on the age and the 'Coming Soon' status with no mention of renovations, the kitchen, bathrooms, and major systems are likely original and require major updates to meet modern standards.
Priced at $625,000 for a 3-bedroom, 3-bathroom layout, this property offers a strong entry point into the Ventura market compared to single-family alternatives.
With 1,660 square feet of interior space, the townhouse provides a spacious and functional floor plan that is well-suited for families or those needing a home office.
Situated in the Weston Village community, the property benefits from a well-maintained residential environment in a convenient Ventura location.
The $640 monthly association fee is relatively high, which may deter budget-conscious buyers and impact overall affordability.
The property lacks a scenic view and features a lot size equal to the interior square footage, indicating minimal private outdoor space or yard.
Cape 1 at Weston Village Community corner unit with private patio. This property features 3 bedrooms plus 3 bathrooms, attached two car garage. The property needs TLC and updating.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,660 | 1,264 |
| Lot Size | 1,660 | 3,000 |
| Price | $499.0K | $719.2K |
| Price per sq ft | $301 | $510 |
| Built year | 1987 | 1985 |
| HOA | $640.0 | $473 |
| Days on market | 0 | 72 |
Jun 19, 2026
$499,000
$625,000
-20% Price Drop
Initial Listing
Jun 17, 2026
$625,000
Initial Listing
Sep 27, 1991
$203,000
Public Record
Oct 10, 1989
$212,000
Public Record
Mar 7, 1988
$162,000
Public Record