2406 Palomar Avenue, Ventura, California 93001, Ventura, 93001 - 3 bed, 2 bath
ACTIVE$1,695,000
2406 Palomar Avenue, Ventura, California 93001
3Beds
2Baths
2,288Sqft
Lot
Price Vs. Estimate
The estimated value ($1,695,000) is $0 (0%) lower than the list price ($1,695,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Panoramic Views: The property offers stunning panoramic views of City Lights, Mountains, and the Ocean, which is a premium feature and significant value enhancer in the Ventura market.
Top Cons:
Age of Property: Built in 1941, the home is over 80 years old, which may imply a need for significant updates to major systems (plumbing, electrical, HVAC) and interior finishes to meet contemporary standards and buyer expectations.
Compared to the nearby listings
Price:$1.70M vs avg $1.30M (+$394,950)67%
Size:2,288 sqft vs avg 1,742.5 sqft67%
Price/sqft:$741 vs avg $77047%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property has undergone extensive renovations, likely within the last 5-15 years. The kitchen features modern white cabinetry, stainless steel appliances (range), and a large island, though the reddish granite countertops suggest the renovation isn't brand new. Bathrooms are updated with contemporary tiling and fixtures. Flooring is a mix of well-maintained hardwood and clean tile. The overall condition is move-in ready with no immediate repairs or major updates required, aligning with the 'Good' criteria.
Year Built
1941
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$741
HOA
-
Days on market
-
Sold On
-
MLS number
220005158
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s), Ocean, Panoramic, Pool
Deck
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Ocean,Panoramic,Pool
About this home
Nearby schools
7/10
Loma Vista Elementary School
Public,•K-5•0.8mi
4/10
Lincoln Elementary School
Public,•K-5•1.2mi
6/10
Cabrillo Middle School
Public,•6-8•1.0mi
6/10
Ventura High School
Public,•9-12•0.4mi
Condition Rating
Good
Built in 1941, this property has undergone extensive renovations, likely within the last 5-15 years. The kitchen features modern white cabinetry, stainless steel appliances (range), and a large island, though the reddish granite countertops suggest the renovation isn't brand new. Bathrooms are updated with contemporary tiling and fixtures. Flooring is a mix of well-maintained hardwood and clean tile. The overall condition is move-in ready with no immediate repairs or major updates required, aligning with the 'Good' criteria.
Pros & Cons
Pros
Exceptional Panoramic Views: The property offers stunning panoramic views of City Lights, Mountains, and the Ocean, which is a premium feature and significant value enhancer in the Ventura market.
Desirable Coastal Location: Located in Ventura, California, a highly sought-after coastal city known for its vibrant community, beaches, and lifestyle, contributing to strong property demand.
Generous Living Space: With 2288 square feet, this 3-bedroom, 2-bathroom single-family residence provides ample living space, suitable for families or those desiring room to grow.
Single-Family Residence: As a detached single-family home, it offers privacy, autonomy, and typically appreciates well, making it a desirable asset for many buyers.
Established Neighborhood: Situated in the 'McElrea Heights - 266' subdivision, indicating a defined and potentially stable community with established infrastructure.
Cons
Age of Property: Built in 1941, the home is over 80 years old, which may imply a need for significant updates to major systems (plumbing, electrical, HVAC) and interior finishes to meet contemporary standards and buyer expectations.
Extended Time on Market: The property has been listed as 'Active' since May 22, 2020, indicating a very long market duration (over 4 years), which could suggest an overpricing issue, condition concerns, or other factors deterring potential buyers.
Potential for Outdated Features: Given its 1941 construction, without specific details on recent renovations, the property likely features outdated aesthetics and amenities that would require substantial investment for modernization.