2331 Welcome Court, Simi Valley, California 93063, Simi Valley, 93063 - 5 bed, 3 bath
ACTIVE$1,029,990
2331 Welcome Court, Simi Valley, California 93063
5Beds
3Baths
2,723Sqft
11,761Lot
Price Vs. Estimate
The estimated value ($946,511.09) is $83,478.91 (8%) lower than the list price ($1,029,990). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 2723.
Top Cons:
Age of Property & Potential for System Updates: Built in 1987, while some components are updated, other major systems (e.g., HVAC, plumbing, electrical) may be original and could require future investment for modernization or replacement.
Compared to the nearby listings
Price:$1.03M vs avg $846.0K (+$183,990)82%
Size:2,723 sqft vs avg 1,815.5 sqft86%
Price/sqft:$378 vs avg $4778%
More Insights
Built in 1987 (38 years old).
Condition: Built in 1987, this property is well-maintained and move-in ready, but key areas show signs of being outdated. The kitchen features upgraded appliances and granite countertops, but the wood cabinetry and tile backsplash reflect a traditional style that is not contemporary. The bathrooms, especially the master and secondary, are notably dated with older tile countertops, vanity styles, and light fixtures, suggesting renovations that are 15-30 years old or older. While some areas have newer flooring and there's a newer roof, the overall condition indicates a home that has received regular upkeep and occasional updates rather than a comprehensive modern renovation, aligning with the 'fair' category.
Year Built
1987
Close
-
List price
$1.03M
Original List price
$1.19M
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
224004104
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Price Improvement - Now $378.34/Sq.Ft.! Exceptional value for one of East Simi's largest single-story homes. 5BR/3BA, 2,723 sq.ft. on an 11,789 sq.ft. cul-de-sac lot. Ideal for multi-gen living or ADU potential. Features two living areas w/fireplaces, upgraded kitchen, RV parking, newer roof, and mountain views. Expansive yard offers space for pool, ADU, or outdoor kitchen. Rare opportunity at a fantastic price!
Condition Rating
Fair
Built in 1987, this property is well-maintained and move-in ready, but key areas show signs of being outdated. The kitchen features upgraded appliances and granite countertops, but the wood cabinetry and tile backsplash reflect a traditional style that is not contemporary. The bathrooms, especially the master and secondary, are notably dated with older tile countertops, vanity styles, and light fixtures, suggesting renovations that are 15-30 years old or older. While some areas have newer flooring and there's a newer roof, the overall condition indicates a home that has received regular upkeep and occasional updates rather than a comprehensive modern renovation, aligning with the 'fair' category.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 2723.
Generous Size & Layout: As one of East Simi's largest single-story homes, it offers a spacious 2,723 sq.ft. with 5 bedrooms and 3 bathrooms, accommodating larger families or those needing extra space.
Expansive Lot & Development Potential: Situated on a substantial 11,789 sq.ft. cul-de-sac lot, the property provides ample outdoor space with clear potential for a pool, Accessory Dwelling Unit (ADU), or an outdoor kitchen.
Multi-Generational / ADU Ready: The layout and lot size are explicitly highlighted as ideal for multi-generational living or ADU development, appealing to a broad range of buyers seeking flexible housing solutions.
Key Upgrades & Desirable Features: The home benefits from an upgraded kitchen, RV parking, a newer roof, and mountain views, enhancing its immediate appeal and reducing some upfront maintenance concerns.
Significant Price Improvement & Value: With a notable price improvement and now offered at $378.34/Sq.Ft., the property is positioned as an 'exceptional value' and 'rare opportunity' in the market.
Cons
Age of Property & Potential for System Updates: Built in 1987, while some components are updated, other major systems (e.g., HVAC, plumbing, electrical) may be original and could require future investment for modernization or replacement.
Listing Price vs. Estimated Value: The current list price is 6% higher than the property's estimated value, which could be a point of negotiation or concern for buyers relying on valuation models.
Lack of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., central AC), which could be a significant drawback in Simi Valley's warm climate and may necessitate future installation or upgrade.