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1136 S Rice Road, Ojai, California 93023, Ojai, 93023 - 4 bed, 3 bath

1136 S Rice Road, Ojai, California 93023 home-pic-0
ACTIVE$1,430,000$2,260/sqft
Est. Value: $1,836,099
28%
BelowEstimate
1136 S Rice Road, Ojai, California 93023
4Beds
3Baths
2,260Sqft
41,382Lot

Price Vs. Estimate

The estimated value ($1,836,099.11) is $406,099.11 (28%) higher than the list price ($1,430,000). This property may be underpriced.

Key pros and cons

Top Pros:
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 = 41382, living area = 2260.
Top Cons:
Age of Original Construction: Despite extensive renovations, the core structure dates back to 1963, which may lead some buyers to consider potential long-term maintenance or unseen infrastructure issues associated with older homes.

Compared to the nearby listings

Price:$1.43M vs avg $1.20M (+$230,000)66%
Size:2,260 sqft vs avg 1,544 sqft74%
Price/sqft:$633 vs avg $74328%

More Insights

Built in 1963 (63 years old).
Condition: Built in 1963, this property has undergone extensive renovations in 2013, including the kitchen, primary suite, and other bathrooms, which falls within the 'Good' category's renovation timeframe. A newer roof was installed in 2023, and other significant updates like dual HVAC, dual-pane windows, upgraded electrical panel, and laminate flooring contribute to its well-maintained status. The kitchen is functional and clean with custom cabinetry and Corian counters, though the white appliances are not the most current style. Bathrooms are updated and in good condition, with some featuring modern finishes. The property is move-in ready with no immediate major renovations required.
Year Built
1963
Close
-
List price
$1.43M
Original List price
$1.43M
Price/Sqft
$633
HOA
-
Days on market
-
Sold On
-
MLS number
V1-34118
Home ConditionGood
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Ojai Gem. Just under an acre of single level living with mountain and valley views, a resort style pool and spa, and equestrian amenities that make everyday feel like a getaway. Enjoy the Ojai Valley lifestyle with wide open skies, nearby trails, and local dining and markets.This approximately 2,260 sq ft home features 4 bedrooms and 3 baths, including two primary style suites, ideal for multigenerational living, guests, or a work from home setup. The inviting great room is anchored by a dramatic brick fireplace and wet bar, creating a warm hub for gathering. The remodeled kitchen offers custom cabinetry, Corian counters with a backyard outlook, a built in double oven, and easy flow to the dining and living spaces. A large utility room adds everyday convenience and extra storage.Step outside to a private backyard designed for relaxing and entertaining with expansive decking and a covered sitting area, all framed by neighboring mature trees and enhanced by exterior motion sensor lighting for easy evenings at home.Equestrian amenities are a standout, featuring a large fenced riding arena, covered shelter and stall area, corrals, turnout space, and gated access that supports horse and trailer needs, plus a storage shed and a separate yard water shut off valve for added convenience.Extensive improvements include kitchen remodel, primary suite remodel and additional bedroom and bath updates with accessibility minded features in 2013, dual pane windows, laminate flooring, dual HVAC, upgraded electrical panel, pool deck and tile replacement and equipment upgrades, pool re plaster, newer roof in 2023, interior and exterior paint, new rain gutters, and new blinds. Property is on sewer and may offer ADU potential. Buyer to verify permits, zoning, and feasibility.

T
Terry Ayers
Listing Agent

Price History

Date
Event
Price
10/01/15
Sold
$41,000
10/09/02
Sold
$17,000
Condition Rating
Good
Built in 1963, this property has undergone extensive renovations in 2013, including the kitchen, primary suite, and other bathrooms, which falls within the 'Good' category's renovation timeframe. A newer roof was installed in 2023, and other significant updates like dual HVAC, dual-pane windows, upgraded electrical panel, and laminate flooring contribute to its well-maintained status. The kitchen is functional and clean with custom cabinetry and Corian counters, though the white appliances are not the most current style. Bathrooms are updated and in good condition, with some featuring modern finishes. The property is move-in ready with no immediate major renovations required.
Pros & Cons

Pros

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 = 41382, living area = 2260.
Exceptional Equestrian Facilities: The property boasts comprehensive equestrian amenities, including a large fenced riding arena, covered shelter and stall area, corrals, turnout space, and gated access, making it a standout feature for horse enthusiasts.
Extensive Recent Upgrades & Renovations: Significant modernizations have been completed, such as a newer roof (2023), dual HVAC, remodeled kitchen, updated baths (2013), dual-pane windows, and an upgraded electrical panel, mitigating concerns about its 1963 build year.
Resort-Style Outdoor Living & Views: The private backyard features a resort-style pool and spa, expansive decking, a covered sitting area, and stunning mountain and valley views, creating an ideal setting for relaxation and entertaining.
Flexible & Spacious Living Arrangement: Offering single-level living with 4 bedrooms and 3 baths, including two primary-style suites, the home provides highly adaptable spaces for multigenerational living, guests, or a dedicated work-from-home setup.
Desirable Ojai Valley Lifestyle: Situated on nearly an acre in the sought-after Ojai Valley, the property offers a serene lifestyle with wide-open skies, nearby trails, and convenient access to local dining and markets.

Cons

Age of Original Construction: Despite extensive renovations, the core structure dates back to 1963, which may lead some buyers to consider potential long-term maintenance or unseen infrastructure issues associated with older homes.
ADU Potential Requires Verification: While ADU potential is mentioned, it explicitly states 'Buyer to verify permits, zoning, and feasibility,' indicating it is not a pre-approved or ready-to-implement feature and may involve additional time, cost, and uncertainty.
Specific Kitchen Counter Material: The remodeled kitchen features Corian counters, which, while functional, may not align with the premium aesthetic preferences of all buyers who might expect natural stone or higher-end solid surfaces in a property of this caliber and price point.
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