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2241 Olivewood Drive, Thousand Oaks, California 91362, Thousand Oaks, 91362 - 2 bed, 2 bath

2241 Olivewood Drive, Thousand Oaks, California 91362 home-pic-0
ACTIVE UNDER CONTRACT$645,000
2241 Olivewood Drive, Thousand Oaks, California 91362
2Beds
2Baths
1,128Sqft
3,049Lot

Price Vs. Estimate

The estimated value ($668,767.93) is $23,767.93 (3%) higher than the list price ($645,000). This property may be underpriced.

Key pros and cons

Top Pros:
Corner Unit Advantages: As a corner unit, the property benefits from enhanced privacy, abundant natural light from multiple exposures, and an open-concept layout.
Top Cons:
Substantial Association Fee: A monthly association fee of $465 adds a considerable recurring cost to homeownership, which buyers must factor into their budget.

Compared to the nearby listings

Price:$645.0K vs avg $1.35M ($-710,000)2%
Size:1,128 sqft vs avg 2,524 sqft1%
Price/sqft:$572 vs avg $58545%

More Insights

Built in 1981 (44 years old).
Condition: Built in 1981, the property is over 40 years old, but the listing explicitly states it has been 'beautifully upgraded' with a focus on modern comfort. The kitchen features sleek countertops, stainless steel appliances, and updated cabinetry, which appear to be relatively recent updates based on the images. The bathrooms are described as having 'stylish finishes.' The main living areas have modern wood-look laminate flooring, and the fireplace has been updated. While the bedroom carpet may not be brand new, it appears clean and well-maintained. The overall impression is a move-in ready unit with significant updates, aligning with the 'Good' category for properties extensively renovated within the last 5-15 years, despite the older build year of the structure.
Year Built
1981
Close
-
List price
$645K
Original List price
$685K
Price/Sqft
$572
HOA
$465
Days on market
-
Sold On
-
MLS number
225005159
Home ConditionGood
Features
Patio
View-

About this home

Price Improvement! Welcome to your new sanctuary! This beautifully upgraded 2-bedroom, 2-bath corner unit offers modern comfort, an open-concept layout, and abundant natural light from multiple exposures. With one shared wall, you'll enjoy extra privacy and peaceful living in one of the building's most desirable locations.Step inside to find spacious living and dining areas that flow seamlessly onto a private patio -- perfect for morning coffee or evening sunsets. The updated kitchen features sleek countertops, stainless steel appliances, and plenty of cabinet space.The primary suite includes a ensuite bath with stylish finishes as well as a private patio. The second bedroom is ideal for guests, or a home office!Additional highlights include:2 car garageCentral A/C and heatingCommunity amenities such as a pool, spa, tennis court and more.Don't miss your chance to own this bright and airy corner retreat.

Condition Rating
Good
Built in 1981, the property is over 40 years old, but the listing explicitly states it has been 'beautifully upgraded' with a focus on modern comfort. The kitchen features sleek countertops, stainless steel appliances, and updated cabinetry, which appear to be relatively recent updates based on the images. The bathrooms are described as having 'stylish finishes.' The main living areas have modern wood-look laminate flooring, and the fireplace has been updated. While the bedroom carpet may not be brand new, it appears clean and well-maintained. The overall impression is a move-in ready unit with significant updates, aligning with the 'Good' category for properties extensively renovated within the last 5-15 years, despite the older build year of the structure.
Pros & Cons

Pros

Corner Unit Advantages: As a corner unit, the property benefits from enhanced privacy, abundant natural light from multiple exposures, and an open-concept layout.
Modern Upgrades: The unit features a beautifully upgraded interior, including an updated kitchen with sleek countertops and stainless steel appliances, and stylishly finished bathrooms.
Comprehensive Amenities: Includes essential comforts like central A/C and heating, a private 2-car garage, and access to extensive community amenities such as a pool, spa, and tennis courts.
Private Outdoor Space: The property offers two private patios, one off the main living area and another from the primary suite, providing valuable outdoor space for relaxation and entertaining.
Recent Price Adjustment: The property has undergone a significant price improvement, indicating a motivated seller and potentially offering a more attractive value proposition to buyers.

Cons

Substantial Association Fee: A monthly association fee of $465 adds a considerable recurring cost to homeownership, which buyers must factor into their budget.
Attached Unit Nature: Despite being classified as a 'Single Family Residence,' the description indicates an attached corner unit, which may not appeal to buyers specifically seeking a fully detached home with private land.
Building Age: Constructed in 1981, the building is over 40 years old. While the unit is upgraded, the age of the overall structure could imply potential for future maintenance considerations for the complex.

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