218 Palomares Avenue, Ventura, California 93003, Ventura, 93003 - 2 bed, 2 bath
218 Palomares Avenue
Ventura, California 93003
Property Price
SUMMARY
Analysis of 218 Palomares Avenue, Ventura, California 93003 reveals a property with a current list price of $1,234,500, which is 3% above the estimated $1,187,305 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 Palomares Avenue Subject | $1,234,500* List Price | 2 | 2 | 1,829 | $649 | - |
A 209 Dorothy Avenue Sold | $1,295,000 | 3 | 2 | 1,790 | $723 | 0.0 mi |
B 339 Carol Drive Sold | $1,220,000 | 2 | 2 | 1,427 | $855 | 0.2 mi |
C 501 Redwood Avenue Sold | $947,500 | 4 | 2 | 1,759 | $539 | 0.7 mi |
D 4457 Westmont Street Sold | $1,048,000 | 4 | 3 | 1,737 | $603 | 0.6 mi |
E 209 Dorothy Avenue Sold | $915,000 | 3 | 2 | 1,790 | $511 | 0.0 mi |
F 364 Shamrock Drive Sold | $1,300,000 | 4 | 2 | 1,782 | $730 | 0.3 mi |
G 176 N Mills Road Active | $1,195,000 List Price | 4 | 3 | 2,079 | $575 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and demonstrates pride of ownership with significant recent upgrades. Key highlights include recently updated bathrooms and a modernized heating/cooling system, which are major capital expenses. The interior features well-maintained original hardwood floors and versatile living spaces. While the home was built in 1953, the combination of recent system updates and the overall well-kept condition of the structure and detached office/workshop places it firmly in the 'good' category, as it does not require immediate renovation for occupancy.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile ADU & Office Potential
The property features a detached two-car garage with workshop space and ADU potential, plus a separate free-standing office, offering exceptional flexibility for remote work or rental income generation.
- Modern Infrastructure Updates
Despite its 1953 charm, the home includes a recently updated heating and cooling system and remodeled bathrooms, reducing immediate capital expenditure for the next owner.
- Prime Central Location
Situated near Ventura College, major hospitals, and top-rated schools like Loma Vista Elementary, the location provides high convenience and strong appeal for both owner-users and investors.
CONSRISKS & DEFICIENCIES
- Limited Initial Bedroom Count
With only two formal bedrooms currently established, the property may require additional renovation costs to convert the den into a third bedroom to accommodate larger families.
- Aggressive Pricing
The list price of over $1.2M represents a significant premium for a mid-century home of this size, which may challenge appraisal values and buyer interest in a competitive market.
About 218 Palomares Avenue
Charming single-story Ventura home with flexible living space, featuring 2 bedrooms, 2 baths and a den that can be converted into a third bedroom. Wood floors, recently updated bathroom and heating/cooling system, detached two car garage with workshop and ADU potential, plus a separate free standing office. Conveniently located near shopping, dining, hospitals and schools--including Ventura College--and major routes-an excellent opportunity for investors or owner-users seeking upside.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,969 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Ventura Unified Schools
Loma Vista Elementary School
Grades K-5 • 0.3 mi
Cabrillo Middle School
Grades 6-8 • 2.0 mi
Ventura High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 6% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,829 | 1,690 | 65% |
| Lot Size | 6,969 | 6,969 | 50% |
| Price | $1.23M | $930.0K | 79% |
| Price per sq ft | $675 | $573 | 71% |
| Built year | 1953 | 1964 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 166 | 2% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,234,500
Initial Listing
Sold
Sep 14, 2005
$751,000
Public Record
Sold
Aug 12, 2005
$745,000
Public Record
Sold
Jul 15, 2005
$650,000
Public Record