1207 Chelan Lane, Ventura, California 93004, Ventura, 93004 - 1 bed, 2 bath
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1207 Chelan Lane
Ventura, California 93004
ACTIVE
CONDITION: GOOD
1Beds
2Baths
817Sq Ft
0Lot Size
Property Price
LIST PRICE$429,900
EST. MARKET VALUE
$481,602
10% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $429,900—positioned well below the $480,501 Fair Market Value by 10%. This valuation gap offers $50,601 in Instant Equity for the buyer. With a Condition Rating of 3, the home features a modern kitchen and private outdoor spaces. Located near Junipero Serra Elementary, this property offers a low-maintenance lifestyle with community pool access. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready home in East Ventura.
Estimated Market Value
$481,602+$51,702 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Ventura.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1207 Chelan Lane Subject | $429,900* List Price | 1 | 2 | 817 | $589 | - |
A 9771 Sweetwater Lane Sold | $502,000 | 1 | 2 | 823 | $610 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1983, the property has undergone significant interior updates including a modern kitchen with stainless steel appliances, quartz countertops, and subway tile backsplash. The living areas feature updated flooring and the home appears well-maintained and move-in ready, though some bathroom fixtures remain dated.
PROSSTRENGTHS & OPPORTUNITIES
- Enhanced Privacy and Layout
This unit offers a rare level of privacy for a condominium with no neighbors above or below, complemented by a private backyard and a spacious 2-car garage.
- Financing and Value
The community is FHA and VA approved, making it highly accessible for first-time buyers, while the HOA fee covers essential utilities like water, trash, and sewer.
- Architectural Volume
Soaring vaulted ceilings and a loft-style primary suite create an open, airy feel that maximizes the square footage and provides a modern aesthetic.
CONSRISKS & DEFICIENCIES
- High HOA Dues
At $600 per month, the association fees are relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratios for some buyers.
- Limited Bedroom Count
The one-bedroom configuration naturally limits the target demographic to singles or couples, potentially resulting in a smaller pool of buyers during resale compared to multi-bedroom units.
About 1207 Chelan Lane
Welcome to Nantucket Village, where comfort, convenience, and value come together. This charming 1-bedroom with 1.5 bathrooms is perfect for a first-time buyer, anyone wanting to downsize or if you're looking for low-maintenance living without sacrificing space or privacy. Step inside to soaring vaulted ceilings, an open and inviting living area, a breakfast bar, and the convenience of in-unit laundry. Upstairs, you'll find a spacious loft-style primary suite complete with a walk-in closet and private bathroom. One of the home's standout features is its privacy--there are no neighbors above or below you. Two private outdoor spaces, the welcoming front patio and private backyard, plus a roomy 2-car garage.The Nantucket Village community offers a sparkling pool and relaxing spa, while the HOA includes some utilities: water, trash and sewer for added value. Ideally located near shopping, Kimball Park, Serra School Park, Chumash Park, and with easy freeway access, you'll love the convenience of everything East Ventura has to offer. This well-maintained home is ready for its next owner. Come experience the charm, imagine the possibilities, and see why this could be the perfect place to call home!HOA is FHA and VA approved!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $600.0 / Month
Neighborhood Insights
Ventura Unified Schools
Junipero Serra Elementary School
Grades K-5 • 0.2 mi
7/10
Balboa Middle School
Grades 6-8 • 2.0 mi
6/10
Buena High School
Grades 9-12 • 2.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 817 | 1,062.1 |
| Lot Size | - | 1,719 |
| Price | $429.9K | $537.9K |
| Price per sq ft | $526 | $490 |
| Built year | 1983 | 1978 |
| HOA | $600.0 | $465 |
| Days on market | 36 | 57 |
Pricing History
Listed for Sale
Aug 4, 2026
$429,900
Initial Listing
Sold
Jan 4, 2023
$420,000
Public Record
Sold
May 2, 2016
$270,000
Public Record
Sold
Nov 11, 2002
$227,500
Public Record
Sold
Oct 22, 1998
$110,000
Public Record