246 Hermes Street, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 2 bath
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246 Hermes Street
Simi Valley, California 93065
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,205Sq Ft
6,098Lot Size
Property Price
LIST PRICE$729,000
EST. MARKET VALUE
$721,704
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $729,000—positioned well below the $716,740 Fair Market Value (Note: Market adjustment reflects current pricing strategy). The property maintains a Good Condition Rating, featuring significant mechanical upgrades including a 6-year-old HVAC and 10-year-old roof. With a modernized kitchen, covered patio, and smart home integration, the home offers immediate comfort. While the interior footprint is compact, the recent exterior improvements and mechanical reliability make this an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home in Simi Valley.
Estimated Market Value
$721,704
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 Hermes Street Subject | $729,000* List Price | 3 | 2 | 1,205 | $599 | - |
A 2017 Lysander Avenue Sold | $795,000 | 4 | 2 | 1,296 | $613 | 0.1 mi |
B 276 Hermes Street Sold | $750,000 | 3 | 2 | 1,445 | $519 | 0.0 mi |
C 391 Aristotle Street Sold | $820,000 | 3 | 2 | 1,205 | $680 | 0.2 mi |
D 1507 Buster Street Sold | $755,000 | 4 | 2 | 1,200 | $629 | 0.8 mi |
E 257 Aristotle Street Sold | $755,000 | 4 | 2 | 1,580 | $478 | 0.3 mi |
F 1070 Dennis Avenue Sold | $765,000 | 4 | 2 | 1,200 | $638 | 0.9 mi |
G 1529 Paul Street Sold | $680,000 | 3 | 2 | 1,272 | $535 | 0.7 mi |
H 32 W Bonita Sold | $850,000 | 3 | 2 | 1,544 | $551 | 0.6 mi |
I 2248 Athens Avenue Active | $799,999 List Price | 4 | 2 | 1,296 | $617 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready with significant system updates, including a 6-year-old HVAC with new ducting and a 10-year-old roof. While the kitchen and bathrooms feature dated aesthetics such as oak cabinetry and Corian countertops (likely 15-20 years old), they are fully functional. The addition of dual-pane windows and recent exterior improvements further supports a 'Good' rating despite the 1963 build date.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Mechanical Upgrades
The property features a 6-year-old central AC system with new ducting, a 10-year-old roof, and dual-pane windows, significantly reducing immediate capital expenditure for the buyer.
- Modernized Kitchen
The kitchen has been thoughtfully updated with contemporary cabinetry, Corian countertops, a central island, and a full pantry, offering a functional and stylish space for cooking.
- Enhanced Outdoor Living
The exterior boasts a covered patio with brick flooring and new vinyl fencing and gates, providing a private and low-maintenance environment for outdoor entertaining.
CONSRISKS & DEFICIENCIES
- Market Stagnation
With 48 days on the market and three consecutive price reductions from the original $779,000, the property has struggled to gain traction, which may impact its perceived value.
- Compact Living Space
At 1,205 square feet for a three-bedroom home, the interior layout may feel restrictive for buyers looking for more spacious common areas or larger bedroom footprints.
About 246 Hermes Street
Located in West Simi Valley, Close to School, Parks, Shopping, Restaurant's and freeway. Don't mis this opportunity to own your own home with NO HOA.Lovely 3 BR + 2 full Baths of 1205 sq ft. Seller has just replaced the electrical panel with a new 200 amp. So, bring your EV vehicle's the panel can now handle it.Central air was replaced 6 years ago with new ducting too. The beautiful roof replaced 10 yrs ago. Kitchen has been remodeled with nice cabinetryand island. Corian counters and backsplash includes big pantry. Huge microwave is new, gas range newer. Dual pane windows trough out saves on the electrical bill.Large dining area with ceiling fan off the kitchen. Spacious family room with slider to rear lawn with covered patio and crown molding. New Vinyl fencing and gatesadd to the clean and desirable home. Garage has been drywalled and has recessed lighting. Smart Home Thermostat included. Seller has done most of the neededUpgrades, his loss your gain, makes this home a great investment. Seller will credit the buyers with $4000 for new carpet. Call for a private viewing of this special home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,205 | 1,735.527 |
| Lot Size | 6,098 | 7,383.872 |
| Price | $729.0K | $868.9K |
| Price per sq ft | $605 | $499 |
| Built year | 1963 | 1970 |
| HOA | $0 | $160 |
| Days on market | 83 | 50 |
Pricing History
Listed for Sale
Jul 22, 2026
$729,000
$758,000
-4% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$758,000
$764,000
-1% Price Drop
Initial Listing
Price Change
Jun 27, 2026
$764,000
$779,000
-2% Price Drop
Initial Listing
Price Change
Jun 18, 2026
$779,000
Initial Listing
Sold
Oct 22, 2015
$435,000
Public Record
Sold
Oct 23, 2013
$400,000
Public Record
Sold
Jul 1, 2013
$331,000
Public Record
Sold
Sep 20, 2005
$530,000
Public Record