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1620 Spence Street, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath

1620 Spence Street, Simi Valley, California 93065 home-pic-0
ACTIVE$719,000
1620 Spence Street, Simi Valley, California 93065
4Beds
2Baths
1,227Sqft
7,840Lot

Price Vs. Estimate

The estimated value ($719,000) is $0 (0%) lower than the list price ($719,000). 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 = 7840, living area = 1227.
Top Cons:
Limited Bathroom Count: With 4 bedrooms and only 1.5 bathrooms, the property may present functional limitations for larger families or guests.

Compared to the nearby listings

Price:$719.0K vs avg $852.0K ($-133,000)14%
Size:1,227 sqft vs avg 1,800 sqft14%
Price/sqft:$586 vs avg $48181%

More Insights

Built in 1961 (64 years old).
Condition: Built in 1961, this property has seen some important systemic updates like copper plumbing, a replaced sewer line, and completed termite work, along with fresh exterior paint. However, the interior, particularly the kitchen and bathrooms, shows significant signs of age. The kitchen features dated wood cabinets and laminate countertops, despite having some newer stainless steel appliances. The bathroom has a functional but outdated shower insert and vanity. While move-in ready, the property requires minor to moderate cosmetic updates to modernize its style and features, aligning with a 'Fair' condition.
Year Built
1961
Close
-
List price
$719K
Original List price
$789K
Price/Sqft
$586
HOA
-
Days on market
-
Sold On
-
MLS number
225002340
Home ConditionFair
Features
Pool
Patio
View-

About this home

Opportunity is knocking just in time for SUMMER! Single story Simi Valley Pool Home located in a great neighborhood and minutes to Park View Elementary School. Offering 4 bedrooms, 1.5 bathrooms, Fresh Exterior Paint, New Flower Beds, New Front Door, an attached 2 car garage with a large driveway for extra parking, and situated on a large 7,840 SQ. Ft. lot. The open floor plan features a nice living room and dining area that overlooks the kitchen with a gas range and great cabinet and counter space. There's a separate bed and bath on one side of the home for privacy, and three bedrooms and a bath on the other. A spacious rear yard features a large covered patio, swimming pool, shed and great side yard. Additional amenities include: Central air & heat, plus ceiling fans. Copper plumbing, and sewer line has been replaced. All termite work has been completed. Easy access to shopping, dining, parks and minutes to the freeway. Opportunities like this don't last long, see it today!

Nearby schools

2/10
Park View Elementary School
Public,•K-6•0.1mi
5/10
Sinaloa Middle School
Public,•6-8•1.3mi
6/10
Royal High School
Public,•9-12•0.9mi
Condition Rating
Fair
Built in 1961, this property has seen some important systemic updates like copper plumbing, a replaced sewer line, and completed termite work, along with fresh exterior paint. However, the interior, particularly the kitchen and bathrooms, shows significant signs of age. The kitchen features dated wood cabinets and laminate countertops, despite having some newer stainless steel appliances. The bathroom has a functional but outdated shower insert and vanity. While move-in ready, the property requires minor to moderate cosmetic updates to modernize its style and features, aligning with a 'Fair' condition.
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 = 7840, living area = 1227.
Outdoor Amenities: Features a swimming pool, large covered patio, and shed, making it ideal for outdoor entertainment and summer enjoyment.
Recent Systemic Updates: Benefits from recent upgrades including copper plumbing, a replaced sewer line, and completed termite work, reducing immediate major maintenance concerns.
Prime Location & Accessibility: Located in a desirable neighborhood with excellent access to Park View Elementary School, shopping, dining, parks, and major freeways.
Generous Lot & Parking: Offers a substantial 7,840 sq. ft. lot, complemented by an attached 2-car garage and a large driveway for ample additional parking.
Comfort & Functional Layout: Equipped with central air & heat and ceiling fans for year-round comfort, and a single-story layout with a private bedroom/bath area.

Cons

Limited Bathroom Count: With 4 bedrooms and only 1.5 bathrooms, the property may present functional limitations for larger families or guests.
Compact Interior Space: The 1227 sq. ft. interior for 4 bedrooms is relatively small, potentially leading to compact room sizes and less overall living area.
Market Performance & Elementary School Rating: A history of multiple price reductions indicates potential market resistance, and the nearby elementary school has a low rating of 2, which could be a concern for families with young children.

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