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1633 Montgomery Road, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 4 bed, 3 bath

1633 Montgomery Road, Thousand Oaks, California 91360 home-pic-0
ACTIVE$1,299,000
1633 Montgomery Road, Thousand Oaks, California 91360
4Beds
3Baths
1,474Sqft
25,100Lot

Price Vs. Estimate

The estimated value ($1,260,642.21) is $38,357.79 (2%) lower than the list price ($1,299,000). 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 = 25100, living area = 1474.
Top Cons:
Main Residence Requires Extensive Renovation: The primary home is explicitly described as a 'canvas' for a 'full remodel or rebuild,' indicating significant capital investment and effort will be required to modernize or optimize.

Compared to the nearby listings

Price:$1.30M vs avg $1.10M (+$201,000)77%
Size:1,474 sqft vs avg 2,051 sqft15%
Price/sqft:$881 vs avg $54097%

More Insights

Built in 1958 (67 years old).
Condition: Built in 1958, the property's main residence is explicitly described as a 'canvas' requiring a 'full remodel or rebuild,' indicating substantial interior rehabilitation. While exterior updates like a new roof and paint have been completed, the interior images reveal dated elements such as original hardwood floors with wear and popcorn ceilings. No modern kitchen or bathroom features are visible or mentioned for the main house, and the converted living spaces are not highlighted as updated, suggesting a significant investment is needed to bring the property to current standards.
Year Built
1958
Close
-
List price
$1.3M
Original List price
$1.7M
Price/Sqft
$881
HOA
-
Days on market
-
Sold On
-
MLS number
SR24086309
Home ConditionPoor
Features
Patio
View-

About this home

Horse property in the desirable Waverly Heights neighborhood. This property would be the perfect canvas to realize your equestrian dream. The 4 bedroom, 3 bath home on the property is ready for you to bring your imagination - whether a full remodel or rebuild. Property has had recent improvements including: a new roof, fully re-painted on outside, refurbished patio portico, cleaned-up grounds, new landscaping. This large corner lot paradise, over 1/2 acre FLAT lot has plenty of room for animals, horses, RV's, commercial equipment or your other cool toys. Garage is currently converted to a living space with 2 bedrooms, full bath and kitchen. There is another ADU/living space off the back of the home as well. There is a horse gate and hitching post area on the property. Home is on a corner lot (you would own the 'Waverly Heights' sign for the entrance to the neighborhood!) and is close to the Conejo Creek Equestrian Park, shopping, restaurants and access to the 23 freeway. A great opportunity to realize your dream!

Nearby schools

4/10
Glenwood Elementary School
Public,•K-5•0.4mi
7/10
Los Cerritos Middle School
Public,•6-8•1.4mi
7/10
Thousand Oaks High School
Public,•9-12•0.8mi
Condition Rating
Poor
Built in 1958, the property's main residence is explicitly described as a 'canvas' requiring a 'full remodel or rebuild,' indicating substantial interior rehabilitation. While exterior updates like a new roof and paint have been completed, the interior images reveal dated elements such as original hardwood floors with wear and popcorn ceilings. No modern kitchen or bathroom features are visible or mentioned for the main house, and the converted living spaces are not highlighted as updated, suggesting a significant investment is needed to bring the property to current standards.
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 = 25100, living area = 1474.
Exceptional Equestrian Potential: Prime horse property in the desirable Waverly Heights, featuring dedicated horse amenities (gate, hitching post) and proximity to Conejo Creek Equestrian Park, catering to a niche market.
Expansive & Versatile Flat Lot: Over half an acre (25,100 sqft) of flat, usable corner lot, ideal for animals, RVs, commercial equipment, or future expansion, providing significant flexibility and privacy.
Multiple Auxiliary Living Spaces: Includes a converted garage with 2 beds/1 bath and kitchen, plus an additional ADU/living space, offering significant income potential, multi-generational living, or flexible use.
Recent Capital Improvements: Key updates such as a new roof, exterior paint, refurbished patio, and new landscaping enhance curb appeal and reduce immediate maintenance concerns for a buyer.
Desirable Location & Accessibility: Situated in a sought-after neighborhood with convenient access to shopping, dining, highly-rated schools, and the 23 freeway, enhancing lifestyle and commute.

Cons

Main Residence Requires Extensive Renovation: The primary home is explicitly described as a 'canvas' for a 'full remodel or rebuild,' indicating significant capital investment and effort will be required to modernize or optimize.
History of Substantial Price Reductions: Multiple and significant price drops from the initial listing of $1.7M to the current $1.299M suggest initial overvaluation or market resistance, potentially impacting buyer confidence.
Dated Structure & Limited Main Home Square Footage: Built in 1958, the main home's 1474 sqft is relatively modest for a 4-bedroom property on such a large lot, suggesting a need for expansion or a complete overhaul to meet contemporary standards.

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