2538 Lowell Court, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 2 bath
ACTIVE$885,000
2538 Lowell Court, Simi Valley, California 93065
3Beds
2Baths
1,800Sqft
5,488Lot
Price Vs. Estimate
The estimated value ($804,188.585) is $80,811.415 (9%) lower than the list price ($885,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location & Community: Situated in the established 'Park View (Sinaloa)' subdivision within Simi Valley, a highly sought-after and family-friendly community.
Top Cons:
Overpriced Relative to Market Value: The current list price of $885,000 is approximately 5% higher than the estimated market value of $846,571.27, potentially limiting buyer interest without further price adjustments.
Compared to the nearby listings
Price:$885.0K vs avg $855.0K (+$30,000)55%
Size:1,800 sqft vs avg 1,800 sqft50%
Price/sqft:$492 vs avg $48155%
More Insights
Built in 1989 (36 years old).
Condition: Built in 1989, this property is 35 years old. While the kitchen features updated stainless steel appliances and granite countertops, the wood cabinets are traditional. One bathroom appears recently updated with modern finishes, but the other bathroom shows older fixtures, tile, and vanity. The main living areas have tile flooring that, while clean, is somewhat dated in style. The property is well-maintained with occasional updates, but it has not undergone a full recent renovation, and several components show signs of being outdated, aligning with the 'fair' condition criteria.
Year Built
1989
Close
-
List price
$885K
Original List price
$895K
Price/Sqft
$492
HOA
-
Days on market
-
Sold On
-
MLS number
OC25234844
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Nearby schools
2/10
Park View Elementary School
Public,•K-6•0.3mi
5/10
Sinaloa Middle School
Public,•6-8•1.5mi
6/10
Royal High School
Public,•9-12•1.2mi
Condition Rating
Fair
Built in 1989, this property is 35 years old. While the kitchen features updated stainless steel appliances and granite countertops, the wood cabinets are traditional. One bathroom appears recently updated with modern finishes, but the other bathroom shows older fixtures, tile, and vanity. The main living areas have tile flooring that, while clean, is somewhat dated in style. The property is well-maintained with occasional updates, but it has not undergone a full recent renovation, and several components show signs of being outdated, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Desirable Location & Community: Situated in the established 'Park View (Sinaloa)' subdivision within Simi Valley, a highly sought-after and family-friendly community.
Excellent School Proximity (Middle & High): Benefits from highly-rated Sinaloa Middle School (Rating 5) and Royal High School (Rating 6) within a short distance, a strong draw for families.
Comfortable Living Space: Offers a practical 1800 sqft layout with 3 bedrooms and 2 bathrooms, providing ample space for family living.
Recent Price Reduction: A recent $10,000 price drop from the original list price indicates potential flexibility from the seller and an opportunity for buyers.
Established Neighborhood View: The property offers a pleasant 'Neighborhood' view, contributing to a comfortable and appealing immediate environment.
Cons
Overpriced Relative to Market Value: The current list price of $885,000 is approximately 5% higher than the estimated market value of $846,571.27, potentially limiting buyer interest without further price adjustments.
Lower-Rated Elementary School: While conveniently close, Park View Elementary School has a lower rating (2), which could be a concern for families prioritizing top-tier elementary education.
Property Age & Potential for Updates: Built in 1989, the home is over three decades old, suggesting potential for necessary updates to systems or aesthetics to meet modern buyer expectations.