2727 Reservoir, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 3 bath
ACTIVE$749,900$1,466/sqft
Est. Value: $639,310
-14%
AboveEstimate
2727 Reservoir, Simi Valley, California 93065
3Beds
3Baths
1,466Sqft
4,791Lot
Price Vs. Estimate
The estimated value ($639,310.16) is $110,589.84 (14%) lower than the list price ($749,900). This property may be overpriced.
Key pros and cons
Top Pros:
Expansive Living Spaces: The property is described as 'Generously Sized' and offering 'Expansive Living Spaces And Exceptional Comfort,' appealing to buyers seeking roominess and a comfortable environment.
Top Cons:
Requires Updating and Modernization: The property description explicitly states that 'Some Updating Can Transform This Home,' implying it is not move-in ready and will require additional investment for modernization to meet contemporary standards.
Compared to the nearby listings
Price:$749.9K vs avg $850.0K ($-100,100)22%
Size:1,466 sqft vs avg 1,900 sqft25%
Price/sqft:$512 vs avg $47663%
More Insights
Built in 1984 (42 years old).
Condition: Built in 1984, this 40-year-old property requires substantial rehabilitation. The interior is largely stripped, with bare subfloor visible throughout most living areas and bedrooms, indicating a complete flooring replacement is needed. The kitchen features severely outdated dark red cabinets, white tile countertops, and dated appliances, necessitating a full renovation. Both bathrooms also show significant signs of age with dated vanities, fixtures, and tile work. The description explicitly states that 'Some Updating Can Transform This Home,' confirming the need for extensive modernization. While the structure appears sound, the property is not move-in ready and requires significant investment to be comfortable and meet current standards.
Year Built
1984
Close
-
List price
$750K
Original List price
$775K
Price/Sqft
$512
HOA
-
Days on market
-
Sold On
-
MLS number
SC25279766
Home ConditionPoor
Features
Patio
View-
About this home
Unlock The Potential Of This Generously Sized Simi Valley 3-Bedroom, 2.5-Bath Residence Offering Expansive Living Spaces And Exceptional Comfort. Enjoy An Attached Two-Car Garage Complete With A Tile Roof, Providing Both Style And Durability. With Endless Possibilities And Your Vision, Some Updating Can Transform This Home Into A Truly Outstanding Dream Home.
K
Karla Salazar
Listing Agent
Price History
Date
Event
Price
01/14/00
Sold
$240,000
Condition Rating
Poor
Built in 1984, this 40-year-old property requires substantial rehabilitation. The interior is largely stripped, with bare subfloor visible throughout most living areas and bedrooms, indicating a complete flooring replacement is needed. The kitchen features severely outdated dark red cabinets, white tile countertops, and dated appliances, necessitating a full renovation. Both bathrooms also show significant signs of age with dated vanities, fixtures, and tile work. The description explicitly states that 'Some Updating Can Transform This Home,' confirming the need for extensive modernization. While the structure appears sound, the property is not move-in ready and requires significant investment to be comfortable and meet current standards.
Pros & Cons
Pros
Expansive Living Spaces: The property is described as 'Generously Sized' and offering 'Expansive Living Spaces And Exceptional Comfort,' appealing to buyers seeking roominess and a comfortable environment.
Attached Two-Car Garage with Durable Roof: Features an 'Attached Two-Car Garage Complete With A Tile Roof,' providing practical convenience, secure parking, and a long-lasting, low-maintenance roofing solution.
Significant Customization Potential: The description highlights 'Endless Possibilities And Your Vision, Some Updating Can Transform This Home Into A Truly Outstanding Dream Home,' attracting buyers looking to personalize and add value.
Functional Bedroom/Bathroom Count: With 3 bedrooms and 2.5 baths, the property offers a highly desirable and practical configuration suitable for families or those needing extra space.
Recent Price Adjustment: The listing shows a recent price reduction from $774,900 to $749,900, indicating increased competitiveness and potential value for prospective buyers.
Cons
Requires Updating and Modernization: The property description explicitly states that 'Some Updating Can Transform This Home,' implying it is not move-in ready and will require additional investment for modernization to meet contemporary standards.
Age of Property: Built in 1984, the home is 40 years old, suggesting that major systems (e.g., HVAC, plumbing, electrical) and finishes may be original or outdated, potentially leading to future maintenance or replacement costs.
Lack of Premium Features/Views: The description does not highlight any premium features, modern amenities, or desirable views (explicitly 'view:"None"'), which might be a drawback for buyers seeking high-end finishes or scenic surroundings.