275 Fairfax Avenue, Ventura, California 93003, Ventura, 93003 - 8 bed, 4 bath
275 Fairfax Avenue
Ventura, California 93003
Property Price
SUMMARY
Analysis of 275 Fairfax Avenue, Ventura, California 93003 reveals a property with a current list price of $1,600,000, which is 4% above the estimated $1,525,228 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Ventura Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1957, this property is 67 years old with no explicit mention of any major renovations. The exterior, while appearing maintained, features dated elements such as the windows and garage door. Crucially, the absence of interior images, particularly of the kitchen and bathrooms, strongly suggests these key areas are severely outdated and require substantial modernization. The property analysis also indicates that 'significant updates to systems, finishes, and energy efficiency may be required,' aligning with a need for extensive rehabilitation rather than minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Size & Layout
This expansive 8-bedroom, 4-bathroom home spans over 4,000 sq. ft. and features two great rooms with 4 bedrooms and 2 baths on each floor, making it ideal for extended families or multi-generational living.
- Premium Views
The upstairs level offers desirable views of City Lights, Mountains, and the Ocean, significantly enhancing the property's appeal and value.
- Prime Location & Convenience
Situated in a highly sought-after area, the property boasts convenient access to Ventura College, several well-regarded Ventura schools, parks, hiking trails, and shopping.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1957, the property's age suggests that significant updates to systems, finishes, and energy efficiency may be required to meet modern standards, as no recent renovations are explicitly mentioned.
- Listed Above Estimated Market Value
The current list price of $1,600,000 is approximately 4% higher than the estimated property value of $1,525,228.07, which could impact buyer interest or negotiation flexibility.
- Niche Buyer Pool
While excellent for extended families, the 8-bedroom configuration may appeal to a more specific market segment, potentially leading to a longer time on market compared to properties with more conventional layouts.
About 275 Fairfax Avenue
Great Location!! Looking for a large home for that extended family look no further, this 8 bedroom 4 bath home has over 4,000 sq. ft. and is located on a 8,246 sq. ft. lot. There are 2 great rooms with 4 bedrooms and 2 baths on each floor. There are two fireplaces and views from upstairs. A two car garage with direct access and RV parking. Conveniently located near the Ventura College and several other great Ventura schools, close to parks, hiking trails, shopping, and more!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 8,246 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Ventura Unified Schools
Poinsettia Elementary School
Grades K-5 • 0.5 mi
Anacapa Middle School
Grades 6-8 • 1.5 mi
Cabrillo Middle School
Grades 6-8 • 3.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 96% |
| Square foot | 4,026 | 1,690 | 98% |
| Lot Size | 8,246 | 6,969 | 76% |
| Price | $1.60M | $930.0K | 93% |
| Price per sq ft | $397 | $569 | 4% |
| Built year | 1957 | 1964 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 460 | 166 | 0% |
Pricing History
Listed for Sale
Dec 2, 2024
$1,600,000
Initial Listing