253 Melrose Drive, Oxnard, California 93035, Oxnard, 93035 - 4 bed, 3 bath
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Oxnard, California 93035
This Stunning Coastal Retreat is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,633,973 Fair Market Value by 8%. This valuation gap offers $134,973 in Instant Equity, further bolstered by a rare assumable 2.78% loan. Featuring a Mint Condition Rating, the home includes a premium Wolf range, engineered plank flooring, and an expansive rooftop deck with ocean views. Ideal for Owner-Occupants or savvy investors, this property delivers a turnkey lifestyle near top-rated schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 253 Melrose Drive Subject | $1,499,000* List Price | 4 | 3 | 2,056 | $795 | - |
A 137 Fillmore Avenue Sold | $1,800,000 | 3 | 3 | 2,177 | $827 | 0.4 mi |
B 292 Highland Drive Sold | $1,110,000 | 3 | 3 | 1,821 | $610 | 0.2 mi |
C 121 Los Angeles Avenue Sold | $1,790,000 | 3 | 3 | 2,133 | $839 | 0.7 mi |
D 116 Pasadena Avenue Sold | $1,845,000 | 3 | 3 | 2,371 | $778 | 0.5 mi |
E 317 Melrose Drive Active | $1,474,990 List Price | 4 | 3 | 2,237 | $659 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property has been thoughtfully remodeled throughout with high-end finishes, including a premium Wolf range in the kitchen and stylish engineered plank flooring. The addition of upgraded windows and sliding glass doors indicates that major systems have been addressed, placing the home in mint, move-in ready condition consistent with a recent renovation.
High School: Rancho Campana High (9/10).
The property features a rare assumable 2.78% interest rate loan, providing a massive financial advantage and significant monthly savings for qualified buyers in the current high-rate environment.
The home has been thoughtfully updated with high-end finishes, including a chef's kitchen with a Wolf range, stylish engineered plank flooring, and upgraded windows that enhance natural light.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 2056.
With a lot size of only 2,178 square feet, the property offers very little private yard space, which may be a drawback for buyers seeking traditional outdoor garden areas.
Added Bonus: Assumable 2.78% Loan!Experience coastal living at its finest in this beautifully updated Silverstrand beach home offering 4 bedrooms and 2.5 bathrooms. Thoughtfully remodeled throughout, the home features stylish engineered plank flooring, creating a warm and modern feel from the moment you enter.The upgraded kitchen is highlighted by a premium Wolf range, quality finishes, and a layout designed for both everyday living and entertaining. Enhanced with upgraded windows and sliding glass doors, the home is filled with natural light while embracing the indoor-outdoor lifestyle.The inviting living room centers around a stunning stone fireplace, providing the perfect place to unwind after a day at the beach. Upstairs, step out onto the expansive rooftop deck, where you can enjoy beautiful harbor views, ocean breezes, and spectacular sunsets.A rare opportunity to own a tastefully remodeled coastal retreat just moments from the sand, marina, and everything the Oxnard beach community has to offer.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 9-12 • 2.7 mi
Grades 9-12 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,056 | 1,910 | 57% |
| Lot Size | 2,178 | 3,920 | 9% |
| Price | $1.50M | $1.36M | 55% |
| Price per sq ft | $729 | $733 | 49% |
| Built year | 1981 | 1979 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 149 | 5% |
Jun 5, 2026
$1,499,000
Initial Listing
Oct 22, 2020
$924,500
Public Record
May 22, 2017
$805,000
Public Record
May 31, 2002
$425,000
Public Record