118 Lear Circle, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 4 bed, 2 bath
Loading property details...
118 Lear Circle
Thousand Oaks, California 91360
ACTIVE UNDER CONTRACT
CONDITION: GOOD
4Beds
2Baths
1,243Sq Ft
11,325Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$912,718
SUMMARY
This Single-Family Residence is a Strong Value Opportunity, listed at $925,000—positioned well below the $932,294 Fair Market Value by 0.78%. This valuation gap offers $7,294 in Instant Equity. Featuring a Condition Rating of 3, the home offers a functional, move-in ready layout with Panoramic Mountain Views and a massive 11,325 sf lot. Located near Thousand Oaks High School, this property balances lifestyle appeal with financial stability. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a well-maintained home.
Estimated Market Value
$912,718
Based on Realkey algorithm analyzing recent comparable sales in Thousand Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Lear Circle Subject 4 bd · 2 ba · 1,243 sqft · $734 | $899,000* List Price | 4 | 2 | 1,243 | $734 | - |
A 1005 Sheffield Place Sold 4 bd · 2 ba · 1,243 sqft · $644 · 0.1 mi | $800,000 | 4 | 2 | 1,243 | $644 | 0.1 mi |
B 685 Paige Lane Sold 2 bd · 2 ba · 1,220 sqft · $709 · 0.4 mi | $865,000 | 2 | 2 | 1,220 | $709 | 0.4 mi |
C 886 Yorkshire Avenue Sold 4 bd · 2 ba · 1,405 sqft · $687 · 0.3 mi | $965,000 | 4 | 2 | 1,405 | $687 | 0.3 mi |
D 1230 Whitecliff Road Sold 4 bd · 2 ba · 1,145 sqft · $707 · 0.7 mi | $810,000 | 4 | 2 | 1,145 | $707 | 0.7 mi |
E 651 E Hillcrest Drive Sold 3 bd · 2 ba · 1,130 sqft · $717 · 0.7 mi | $810,000 | 3 | 2 | 1,130 | $717 | 0.7 mi |
F 740 E Hillcrest Sold 3 bd · 2 ba · 1,336 sqft · $599 · 0.7 mi | $800,000 | 3 | 2 | 1,336 | $599 | 0.7 mi |
G 851 Sheffield Place Active 5 bd · 2 ba · 1,405 sqft · $640 · 0.1 mi | $899,900 List Price | 5 | 2 | 1,405 | $640 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1963, the home is well-maintained, functional, and move-in ready. It features updated laminate flooring and a modernized bathroom with newer tiling and a glass enclosure, indicating renovations within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 11325, living area = 1243.
- Expansive Lot & Panoramic Views
The property boasts a massive 11,325 sq. ft. lot with breathtaking views of the rolling mountains and West Thousand Oaks, providing exceptional outdoor entertaining space.
- Prime Cul-de-Sac Location
Situated on a quiet cul-de-sac in the heart of Thousand Oaks, the home offers a private, low-traffic setting that is highly desirable for families.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Compact Interior Square Footage
With only 1,243 sq. ft. to accommodate four bedrooms, the living areas and individual rooms may feel constrained compared to other homes in this price point.
- Non-Conforming Fourth Bedroom
The fourth bedroom lacks a closet and is currently utilized as a den, which may impact its utility as a traditional bedroom and affect official appraisal valuations.
About 118 Lear Circle
Incredible View Home in the Heart of Thousand Oaks on a HUGE 11,325 sf Lot!!Enjoy breathtaking views from this charming, single-story 1,243 sf home ideally located on a cul-de-sac. Featuring an inviting entryway and an open floor plan, this property offers 3 standard bedrooms plus a versatile 4th bedroom (currently used as a den with no closet). There is a cozy fireplace in the living room & laundry in the attached garage. The heart of the home includes a functional kitchen with a unique bookcase bar separating the living and dining/cooking areas. Step outside to a huge backyard designed for entertaining, complete with sweeping views overlooking West Thousand Oaks and the rolling mountain sides.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 11,325 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Glenwood Elementary School
Grades K-5 • 0.5 mi
4/10
Redwood Middle School
Grades 6-8 • 0.7 mi
6/10
Thousand Oaks High School
Grades 9-12 • 1.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,243 | 2,127.858 |
| Lot Size | 11,325 | 9,656.536 |
| Price | $899.0K | $1.15M |
| Price per sq ft | $723 | $559 |
| Built year | 1963 | 1974 |
| HOA | $0 | $200 |
| Days on market | 37 | 50 |
Pricing History
Listed for Sale
Oct 9, 2026
$899,000
$925,000
-3% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$925,000
Initial Listing