1806 Rory Lane 6, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath
Loading property details...
1806 Rory Lane 6
Simi Valley, California 93063
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,583Sq Ft
1,583Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$643,650
8% BelowMARKET VALUE
SUMMARY
This Spacious Condominium represents a Strong Value Opportunity, listed at $589,000—positioned well below the $643,651 Fair Market Value by 8%. This valuation gap offers $54,651 in Instant Equity for the buyer. Featuring a 1,583 sqft open-concept layout with three private outdoor spaces, the property holds a Condition Rating of 4, indicating it is functional but ready for cosmetic modernization. Located in the desirable Indian Oaks community with premium amenities, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Estimated Market Value
$643,650+$54,650 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1806 Rory Lane 6 Subject | $589,000* List Price | 3 | 3 | 1,583 | $407 | - |
A 6490 Twin Circle Active Under Contract | $479,900 List Price | 2 | 2 | 1,025 | $468 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981 (45 years old), the home is functional but significantly dated. The kitchen and bathrooms feature original oak cabinetry and tile countertops from the 1980s. While the listing suggests it is move-in ready, the property requires cosmetic updates throughout and minor repairs, such as the visible wall damage in the pantry area.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Open-Concept Layout
The 1,583 square foot floor plan offers a functional and airy living environment, featuring a bright living room with a fireplace and a kitchen equipped with a rare walk-in pantry.
- Extensive Outdoor Living Space
Unique for a condominium, this unit provides two private balconies and a rear patio, significantly expanding the usable living area for relaxation and outdoor entertaining.
- Comprehensive Community Amenities
Situated in the desirable Indian Oaks community, residents benefit from premium shared facilities including a pool, spa, BBQ area, and beautifully maintained greenbelts.
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.
- Need for Cosmetic Updates
The property is noted to require 'personal touches,' suggesting that the interior may be dated and require additional investment to modernize and reach its full potential.
- Significant Monthly HOA Fees
At $495 per month, the association fee adds a substantial recurring cost to the monthly mortgage obligation, which may impact affordability for some buyers.
About 1806 Rory Lane 6
Welcome 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 | 1,188.042 |
| Lot Size | 1,583 | 1,360.042 |
| Price | $589.0K | $500.4K |
| Price per sq ft | $372 | $457 |
| Built year | 1981 | 1986 |
| HOA | $495.0 | $472 |
| Days on market | 23 | 66 |
Pricing History
Listed for Sale
Aug 17, 2026
$589,000
Initial Listing
Sold
May 29, 1997
$141,500
Public Record