1806 Rory Lane 6, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath
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1806 Rory Lane 6
Simi Valley, California 93063
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
3Baths
1,583Sq Ft
1,583Lot Size
Property Price
LIST PRICE$564,000
EST. MARKET VALUE
$589,000
4% BelowMARKET VALUE
SUMMARY
This Spacious Condominium represents a Strong Value Opportunity, listed at $564,000—positioned well below the $589,000 Fair Market Value by 4%. This valuation gap offers $25,000 in Instant Equity for the buyer. While the property holds a Condition Rating of 4, requiring cosmetic modernization, it features a functional 1,583-square-foot layout with a Private Patio and Two Balconies. Located in the Indian Oaks community with access to a pool and spa, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value.
Estimated Market Value
$589,000+$25,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981, the property is over 40 years old and remains largely dated. The kitchen features older oak cabinetry, tile countertops, and a fluorescent light box, while the bathrooms show original-style vanities and fixtures. Although functional and move-in ready with some flooring updates, the home requires significant cosmetic modernization and likely system updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Pricing
A recent $25,000 price reduction enhances the property's value proposition, offering a more accessible entry point into the Simi Valley market for a three-bedroom residence.
- Spacious Layout & Outdoor Living
The 1,583-square-foot open-concept floor plan is complemented by two private balconies and a rear patio, providing rare and ample outdoor space for a condominium.
- Community Amenities
Residents benefit from a comprehensive suite of amenities, including a pool, spa, BBQ area, and greenbelts, which significantly enhance the overall lifestyle and appeal of the Indian Oaks community.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1583, other record lot size in square feet = 1447.
- Modernization Required
The property is noted as needing 'personal touches,' suggesting that the 1981 interior may require cosmetic updates or renovations to meet contemporary aesthetic standards.
- Monthly Association Fees
The $495 monthly HOA fee represents a substantial recurring cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
About 1806 Rory Lane 6
NEW PRICE! REDUCED $25KWelcome to Indian Oaks! This charming 3-bedroom, 2.5-bath home offers 1,583 square feet of comfortable living space with a spacious open-concept floor plan. The main level features a bright living room with a cozy fireplace, dining area, well-appointed kitchen with a walk-in pantry, and a convenient half bath. Upstairs, you'll find all three bedrooms and two full bathrooms, providing privacy and functionality for the whole family.With just a few personal touches, this home has incredible potential to make it your own. Enjoy two private balconies, perfect for relaxing, as well as a rear patio ideal for outdoor entertaining. The attached two-car garage includes laundry and additional storage space.Situated in a desirable location within the community, residents enjoy access to a sparkling pool, spa, BBQ area, guest parking, and beautifully maintained greenbelts. Conveniently located near shopping, schools, parks, and more, this is a wonderful opportunity to own in the sought-after Indian Oaks community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 1,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $495.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,583 | 1,136.8 |
| Lot Size | 1,583 | 1,353.743 |
| Price | $564.0K | $485.7K |
| Price per sq ft | $356 | $450 |
| Built year | 1981 | 1985 |
| HOA | $495.0 | $462 |
| Days on market | 68 | 76 |
Pricing History
Listed for Sale
Sep 10, 2026
$564,000
$589,000
-4% Price Drop
Initial Listing
Price Change
Aug 17, 2026
$589,000
Initial Listing
Sold
May 29, 1997
$141,500
Public Record