1878 Rory Lane 6, Simi Valley, California 93063, Simi Valley, 93063 - 2 bed, 3 bath
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Simi Valley, California 93063
This Updated Two-Story Townhouse is a Strong Value Opportunity, listed at $550,000—positioned well below the $579,436 Fair Market Value by 5%. This valuation gap provides $29,436 in Instant Equity for the incoming buyer. The home maintains a Good Condition Rating, featuring a remodeled kitchen with quartz countertops, newer laminate flooring, and a rare wraparound patio. Located within the Simi Valley Unified district, it offers both lifestyle appeal and investment stability. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors looking for a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1878 Rory Lane 6 Subject | $550,000* List Price | 2 | 3 | 1,287 | $450 | - |
A 1920 Rory Lane 2 Sold | $545,000 | 2 | 3 | 1,287 | $423 | 0.1 mi |
B 5368 Rainwood Street 65 Sold | $595,000 | 3 | 3 | 1,299 | $458 | 1.0 mi |
C 6542 Twin Circle Lane 4 Sold | $505,000 | 2 | 2 | 1,137 | $444 | 0.6 mi |
D 2056 Emory Avenue Sold | $650,000 | 2 | 3 | 1,470 | $442 | 0.9 mi |
E 5384 Rainwood Street 92 Sold | $680,000 | 3 | 3 | 1,428 | $476 | 1.0 mi |
F 6509 Twin Circle 7 Active | $508,900 List Price | 2 | 2 | 1,137 | $448 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a remodeled kitchen with quartz countertops, newer cabinets, and stainless steel appliances. It has been updated with newer laminate flooring, dual-paned windows, and a newer water heater. While the building was constructed in 1981, the interior has been well-maintained and modernized, meeting the criteria for a 'good' condition score.
The home features a fully remodeled kitchen with quartz countertops and stainless steel appliances, complemented by newer laminate flooring and dual-paned windows for a move-in-ready experience.
A rare, large wraparound patio with a white vinyl fence provides an exceptional private outdoor retreat, offering significantly more exterior living space than typical townhomes.
The upper level is intelligently designed with two spacious bedrooms, each featuring its own private en-suite bathroom and high ceilings, ideal for privacy or a roommate configuration.
The monthly association fee of $495 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1981, the complex is over 40 years old, which may lead to concerns regarding the long-term maintenance of community infrastructure and potential future special assessments.
Looking for a warm, welcoming, owner-maintained home, not a characterless fix-and-flip? How about this Trifecta? 1. Updated interior! 2. Unbeatable outdoor space! 3. Great location! This two-story townhouse welcomes you into a spacious living room with a fireplace, a remodeled kitchen with newer cabinets, stainless steel appliances and quartz countertops, a downstairs powder room, and a rare large & private wraparound patio (light & bright and ideal for channeling your inner gardener!) with a white vinyl fence. The 2nd level has two bedrooms with en-suite bathrooms, spacious closets and high ceilings. There is central air & heat, a washer and dryer, an enclosed garage PLUS an additional parking space, and a sparkling community pool and spa. More features include newer laminate flooring, a newer water heater, and newer dual-paned windows. A quiet location yet easy access to shopping, dining and transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,287 | 1,299 | 47% |
| Lot Size | 1,287 | 1,287 | 50% |
| Price | $550.0K | $595.0K | 27% |
| Price per sq ft | $427 | $444 | 33% |
| Built year | 1981 | 1985 | 27% |
| HOA | $495.0 | $475 | 73% |
| Days on market | 34 | 197 | 7% |
Mar 19, 2026
$550,000
Initial Listing
May 21, 2003
$264,000
Public Record
Oct 29, 2001
$194,500
Public Record