1755 Heywood Street 203, Simi Valley, California 93065, Simi Valley, 93065 - 2 bed, 2 bath
ACTIVE$380,448
1755 Heywood Street 203, Simi Valley, California 93065
2Beds
2Baths
1,036Sqft
1,036Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Newer Construction: Built in 2018, this condominium offers modern construction standards and finishes, reducing immediate maintenance concerns.
Top Cons:
Deed Restrictions (Owner-Occupancy): The property is subject to a 50-year deed restriction requiring owner-occupancy, severely limiting future flexibility and investment potential.
Compared to the nearby listings
Price:$380.4K vs avg $551.0K ($-170,552)16%
Size:1,036 sqft vs avg 1,190 sqft22%
Price/sqft:$367 vs avg $4329%
More Insights
Built in 2018 (7 years old).
Condition: Built in 2018, this condominium is practically new. The kitchen features modern white shaker cabinets, quartz countertops, a stylish mosaic backsplash, stainless steel appliances, and recessed lighting, all in excellent condition. The living areas have contemporary hard flooring, and bedrooms are carpeted, appearing well-maintained. The overall aesthetic is fresh and modern, with no signs of wear, tear, or outdated features, aligning perfectly with the 'Excellent' criteria for a property built within the last 10 years with virtually new components.
Year Built
2018
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$367
HOA
$318
Days on market
-
Sold On
-
MLS number
225004206
Home ConditionExcellent
Features
View-
About this home
Wonderful opportunity to purchase a newer condominium at a below market price. Gorgeous home with 9 foot ceilings, quartz counter tops and custom kitchen backsplash, stainless steel appliances, recessed lighting, large bathrooms with plenty of storage space, indoor laundry, two assigned covered parking spaces with lockable outdoor storage. Low monthly HOA. The City of Simi Valley has recorded deed restrictions that contain several requirements. The home must be owner occupied and cannot be rented during the 50-year term of the deed restrictions. Buyers must meet the following maximum annual income limits:1 person: $83,8502 people: $95,8003 people: $107,8004 people: $119,750
Condition Rating
Excellent
Built in 2018, this condominium is practically new. The kitchen features modern white shaker cabinets, quartz countertops, a stylish mosaic backsplash, stainless steel appliances, and recessed lighting, all in excellent condition. The living areas have contemporary hard flooring, and bedrooms are carpeted, appearing well-maintained. The overall aesthetic is fresh and modern, with no signs of wear, tear, or outdated features, aligning perfectly with the 'Excellent' criteria for a property built within the last 10 years with virtually new components.
Pros & Cons
Pros
Newer Construction: Built in 2018, this condominium offers modern construction standards and finishes, reducing immediate maintenance concerns.
Modern Interior Features: The home boasts 9-foot ceilings, quartz countertops, a custom kitchen backsplash, stainless steel appliances, recessed lighting, and large bathrooms, providing a contemporary living experience.
Below Market Price: The property is explicitly noted as an opportunity to purchase a newer condominium at a below-market price, offering potential value.
Convenient Parking & Storage: Includes two assigned covered parking spaces and lockable outdoor storage, adding significant convenience and utility.
Low Monthly HOA: With a low monthly HOA fee of $318, the property offers cost-effective community living.
Cons
Deed Restrictions (Owner-Occupancy): The property is subject to a 50-year deed restriction requiring owner-occupancy, severely limiting future flexibility and investment potential.
Income Restrictions for Buyers: Prospective buyers must meet specific maximum annual income limits, significantly narrowing the eligible buyer pool.
No Rental Potential: The deed restrictions explicitly prohibit renting the unit for 50 years, eliminating any possibility of rental income or investment appreciation through tenancy.