
Simi Valley, California 93065
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned well below the $975,867 Fair Market Value by 2%. This valuation gap offers $26,867 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization, yet its expansive 21,780 sqft lot and scenic pasture views provide significant upside. Located in the Simi Valley Unified district, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1287 Nonchalant Drive Subject | $1,149,000* List Price | 4 | 2 | 1,617 | $668 | - |
A 1278 Rambling Road Sold | $1,075,000 | 3 | 2 | 1,905 | $564 | 0.2 mi |
B 670 Tranquil Lane Sold | $1,075,000 | 4 | 2 | 1,711 | $628 | 0.7 mi |
C 377 Oldstone Court Sold | $1,250,000 | 4 | 2 | 2,221 | $563 | 0.9 mi |
D 221 Hazelridge Court Sold | $1,175,000 | 3 | 2 | 1,724 | $682 | 0.8 mi |
E 1590 Meander Drive Active Under Contract | $1,099,900 List Price | 3 | 3 | 2,131 | $516 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old home features some cosmetic updates such as newer flooring and a modern bathroom vanity, but remains largely dated. The kitchen retains older tile countertops and cabinetry, popcorn ceilings are present, and the bathroom shower surround is original. The exterior and large lot require significant maintenance and landscaping, fitting the criteria for a property needing minor repairs and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21780, living area = 1617.
Situated on a generous 21,780 sqft lot in the desirable Bridle Path community, this property offers ample space for equestrian activities, outdoor entertaining, or potential expansions.
The home boasts tranquil views of pastures and wooded areas, providing a peaceful, nature-oriented atmosphere that is rare for suburban living.
Built in 1979, the property may require significant cosmetic updates or system modernizations to meet the expectations of contemporary buyers.
At nearly $950,000 for 1,617 square feet of living space, the property carries a premium price point that may be challenging for buyers seeking more interior volume for their investment.
Exceptional opportunity in Simi Valley. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-6 • 1.6 mi
Grades K-6 • 1.8 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,617 | 1,735.527 |
| Lot Size | 21,780 | 7,383.872 |
| Price | $1.15M | $868.9K |
| Price per sq ft | $711 | $499 |
| Built year | 1979 | 1970 |
| HOA | $120.0 | $160 |
| Days on market | 37 | 50 |
Sep 4, 2026
$1,149,000
$949,000
+21% Price Increase
Initial Listing
Aug 3, 2026
$949,000
Initial Listing
Oct 5, 2015
$617,500
Public Record