1948 Rory Lane 5, Simi Valley, California 93063, Simi Valley, 93063 - 2 bed, 3 bath
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Simi Valley, California 93063
This Turnkey Simi Valley Condominium is a Prime Investment Opportunity listed at $575,000—positioned well below the $597,000 Fair Market Value by 3%. This strategic pricing provides $22,000 in Instant Equity for a residence in Like-New Condition following a comprehensive $80,000 top-to-bottom renovation. Featuring a modern open-concept layout, quartz kitchen, and private patio, the property is situated within the Simi Valley Unified district. It is an ideal match for Owner-Occupants or first-time buyers seeking a high-quality, move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1948 Rory Lane 5 Subject | $575,000* List Price | 2 | 3 | 1,287 | $464 | - |
A 1980 Rory Lane 1 Sold | $530,000 | 2 | 3 | 1,131 | $469 | 0.0 mi |
B 6458 Twin Circle Lane 3 Sold | $510,000 | 2 | 2 | 1,025 | $498 | 0.5 mi |
C 2045 Avenida Refugio 2 Sold | $405,000 | 2 | 1 | 834 | $486 | 0.2 mi |
D 1890 Rory Lane 2 Active Under Contract | $545,000 List Price | 2 | 3 | 1,287 | $423 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive $80,000 top-to-bottom renovation within the last year, meeting the criteria for extensive recent updates. The interior features a fully remodeled kitchen with new shaker cabinetry, quartz countertops, and brand-new stainless steel appliances. Both bathrooms have been tastefully updated with modern vanities and fixtures. Additional high-quality upgrades include new wide-plank flooring throughout, fresh interior paint, updated light fixtures, and a contemporary electric fireplace, making the home completely turnkey and in like-new condition.
The property features over $80,000 in high-quality upgrades, including a fully remodeled kitchen with new cabinetry and appliances, updated bathrooms, and fresh interior finishes, ensuring a completely turnkey experience.
A thoughtfully redesigned floor plan creates a seamless flow between the living, dining, and kitchen areas, maximizing the 1,287 square feet of living space for a modern lifestyle.
With a recent price reduction from $597,000 to $575,000, this residence offers enhanced value and a competitive entry point for a fully upgraded home in the Simi Valley market.
The property was recently sold within the past year on 2025-11-25. The sold price is $437,000.00.
The monthly HOA fee of $475 is a significant recurring expense that may impact the debt-to-income ratio and overall affordability for potential buyers.
The property is listed as having no views, which may be a disadvantage compared to other units in the region that offer mountain or neighborhood vistas.
Completely remodeled from top to bottom, this stunning Simi Valley residence showcases over $80,000 in high-quality upgrades with no detail overlooked. The thoughtfully redesigned open-concept layout creates a seamless flow between the living, dining, and kitchen areas, enhanced by brand-new flooring and fresh interior paint throughout.The fully renovated kitchen features new cabinetry, modern countertops, and brand-new appliances, delivering both style and functionality. A newly installed electric fireplace anchors the living space, adding warmth and contemporary elegance. All light fixtures have been updated to complement the home's clean, modern aesthetic.The bathroom has been tastefully remodeled with refined finishes and attention to detail, creating a spa-like atmosphere. Every element of this home reflects careful craftsmanship and intentional design.Turnkey and move-in ready, this property offers the rare opportunity to own a fully upgraded home where no expense was spared.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 85% |
| Square foot | 1,287 | 1,115.5 | 70% |
| Lot Size | - | 1,117 | 20% |
| Price | $575.0K | $460.0K | 75% |
| Price per sq ft | $447 | $460 | 45% |
| Built year | 1984 | 1982 | 60% |
| HOA | $475.0 | $440 | 55% |
| Days on market | 46 | 161 | 15% |
Mar 24, 2026
$575,000
$597,000
-4% Price Drop
Initial Listing
Mar 7, 2026
$597,000
Initial Listing
Nov 25, 2025
$437,000
Public Record
Dec 31, 1996
$120,000
Public Record