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1280 Patricia Avenue, Simi Valley, California 93065, Simi Valley, 93065 - 5 bed, 3 bath

1280 Patricia Avenue, Simi Valley, California 93065 home-pic-0
ACTIVE$749,900
1280 Patricia Avenue, Simi Valley, California 93065
5Beds
3Baths
1,714Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($664,935.865) is $84,964.135 (11%) lower than the list price ($749,900). This property may be overpriced.

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 = 10018, living area = 1714.
Top Cons:
Cosmetic Fixer Condition: While offering potential, the property requires immediate cosmetic updates and personal touches, necessitating additional investment post-purchase.

Compared to the nearby listings

Price:$749.9K vs avg $852.0K ($-102,100)21%
Size:1,714 sqft vs avg 1,800 sqft43%
Price/sqft:$438 vs avg $48031%

More Insights

Built in 1964 (61 years old).
Condition: Built in 1964, this property is explicitly described as a 'cosmetic fixer' needing a 'personal touch,' indicating that the interior, including the kitchen and bathrooms, is significantly outdated and requires substantial rehabilitation. While a new roof is a positive update, it does not address the interior condition. The lack of any mention of updated kitchen appliances, fixtures, or finishes, combined with the 'older construction' weakness, suggests these critical areas are likely original or very old, making the home uncomfortable by modern standards and necessitating major renovations.
Year Built
1964
Close
-
List price
$750K
Original List price
$799K
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
225004964
Home ConditionPoor
Features
Patio
View-

About this home

Welcome to 1280 Patricia Avenue - A Rare Single-Story Opportunity in a Prime Location with a motivated seller.This spacious 5-bedroom, 3-bath single-story home is brimming with potential and ready for your personal touch. Recently updated with a brand-new roof, the property sits on a large corner lot with coveted RV parking--perfect for outdoor enthusiasts or those needing space for recreational vehicles, a boat, or extra storage.Inside, you'll find a thoughtfully designed layout featuring a kitchen with an eat-in dining area and oversized pantry, a cozy living room, a formal dining room, and a convenient half bath.Enjoy a large two-car attached garage, a covered patio for year-round outdoor living, and mature trees that bring charm and privacy to the backyard.With its highly desirable single-level floor plan, generous lot, and recent roof upgrade, this cosmetic fixer is an incredible opportunity to create your dream home in a sought-after neighborhood.Don't miss out on this unique chance to invest in a property with endless potential!

Condition Rating
Poor
Built in 1964, this property is explicitly described as a 'cosmetic fixer' needing a 'personal touch,' indicating that the interior, including the kitchen and bathrooms, is significantly outdated and requires substantial rehabilitation. While a new roof is a positive update, it does not address the interior condition. The lack of any mention of updated kitchen appliances, fixtures, or finishes, combined with the 'older construction' weakness, suggests these critical areas are likely original or very old, making the home uncomfortable by modern standards and necessitating major renovations.
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 = 10018, living area = 1714.
Desirable Single-Story Layout: The property offers a highly sought-after single-level floor plan, appealing to a wide range of buyers including families and those seeking accessibility.
Large Corner Lot with RV Parking: Situated on a generous corner lot, the property features coveted RV parking, providing significant utility for outdoor enthusiasts or additional storage needs.
Recent Major Upgrade: A brand-new roof has been recently installed, eliminating a major capital expense for the new owner and adding immediate value and peace of mind.
Value-Add Potential: Described as a 'cosmetic fixer,' this home presents an excellent opportunity for buyers to personalize and update, allowing for significant equity growth.
Motivated Seller & Price Adjustment: The seller is motivated, and the property has seen a recent price reduction from $799,000 to $749,900, indicating a potential buying opportunity.

Cons

Cosmetic Fixer Condition: While offering potential, the property requires immediate cosmetic updates and personal touches, necessitating additional investment post-purchase.
Older Construction: Built in 1964, the home's age suggests that beyond cosmetic updates, some systems or components may be original and could require future upgrades or maintenance.
Listed Above Estimated Value: Despite a price reduction, the current list price of $749,900 is still above the property's estimated value of $715,334.65, which could impact appraisal or buyer perception of value.

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