2331 Welcome Court, Simi Valley, California 93063, Simi Valley, 93063 - 5 bed, 3 bath
2331 Welcome Court
Simi Valley, California 93063
Property Price
SUMMARY
Analysis of 2331 Welcome Court, Simi Valley, California 93063 reveals a Fairly Priced Property with a current list price of $1,010,000 aligned with the estimated $1,029,990 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Simi Valley 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 |
|---|---|---|---|---|---|---|
★ 2331 Welcome Court Subject | $1,010,000* List Price | 5 | 3 | 2,723 | $378 | - |
A 6693 Ardenwood Sold | $995,000 | 5 | 3 | 2,294 | $434 | 0.9 mi |
B 3037 Klamath Avenue Sold | $1,040,000 | 4 | 3 | 2,214 | $470 | 0.9 mi |
C 5704 Katherine Street Sold | $800,000 | 5 | 2 | 1,835 | $436 | 0.9 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 well-maintained, featuring an upgraded kitchen with modern stainless steel appliances and stone countertops. Although built in 1987, the home has undergone significant updates including a newer roof and refreshed interior finishes. The bathrooms and living areas appear clean and functional with minimal wear, meeting the criteria for a property that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
- Versatile Single-Story Living
At 2,723 sq.ft., this is one of the largest single-story homes in East Simi, offering a rare 5-bedroom layout that is highly sought after for multi-generational living or those seeking an accessible floor plan.
- Exceptional Lot Utility
The expansive 11,789 sq.ft. cul-de-sac lot provides significant value-add potential, featuring RV parking and ample space to accommodate a pool, outdoor kitchen, or a detached ADU.
CONSRISKS & DEFICIENCIES
- 1980s Era Infrastructure
Built in 1987, the home may still feature original systems or windows that could require future updates to meet modern energy efficiency and aesthetic standards.
- Landscape Investment Required
While the large yard is a major asset, it currently serves as a blank canvas that will require a substantial financial and time investment to fully develop and landscape.
About 2331 Welcome Court
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 87% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,723 | 1,823 | 88% |
| Lot Size | 11,761 | 7,405 | 85% |
| Price | $1.01M | $847.0K | 77% |
| Price per sq ft | $371 | $471 | 6% |
| Built year | 1987 | 1973 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 185 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,010,000
Initial Listing
Price Change
Mar 4, 2026
$1,029,990
Initial Listing
Sold
Jan 28, 2022
$980,000
Public Record
Sold
Sep 20, 2019
$700,000
Public Record
Sold
Sep 25, 2003
$607,500
Public Record