2831 Tapo Street, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath
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Simi Valley, California 93063
This Spacious Simi Valley Townhome is a Strong Value Opportunity, listed at $595,000—positioned well below the $640,234 Fair Market Value by 7%. This valuation gap provides $45,234 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the residence features a Remodeled Granite Kitchen, over 1,500 SqFt of Living Space, and access to a Community Pool and Spa. Located in the heart of Simi Valley near top-tier amenities, this property balances immediate financial upside with turnkey lifestyle perks. It is an ideal acquisition for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors looking for a stable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2831 Tapo Street Subject | $595,000* List Price | 3 | 3 | 1,540 | $410 | - |
A 4448 Lubbock Drive C Sold | $615,000 | 3 | 3 | 1,537 | $400 | 0.2 mi |
B 4167 Orontes Sold | $758,500 | 3 | 3 | 1,746 | $434 | 0.3 mi |
C 2245 Rolling River Lane 2 Sold | $689,000 | 3 | 3 | 1,644 | $419 | 0.7 mi |
D 2782 Lemon Drive Sold | $699,000 | 3 | 3 | 1,415 | $494 | 1.0 mi |
E 2964 Camelita Way C Sold | $750,000 | 3 | 3 | 1,746 | $430 | 0.8 mi |
F 4502 Lubbock Active | $539,900 List Price | 3 | 2 | 1,397 | $386 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1981, the property features a remodeled kitchen with granite countertops and updated recessed lighting. The interior appears well-maintained, functional, and move-in ready, placing it in the 'Good' category based on the 5-15 year renovation window.
The kitchen has been tastefully remodeled with granite countertops and tile flooring, offering a contemporary feel and immediate value for move-in-ready buyers.
Situated in the heart of Simi Valley, the property provides exceptional convenience with close proximity to schools, shopping, dining, and entertainment.
With over 1,500 square feet of living space, this townhome offers a generous and functional layout that is larger than many comparable units in the price range.
The monthly HOA fee of $590 is relatively high, which may impact a buyer's debt-to-income ratio and overall monthly affordability.
Built in 1981, the property and complex may soon require capital improvements or updates to major systems and common areas due to the age of the development.
Welcome home to this beautiful, spacious 3 bedrooms 2.5 bathrooms over 1500 sqft townhome in the heart of Simi Valley. Remodeled kitchen with granite counter tops and tile flooring. Complex offers swimming pool. Home is close to school, restaurants, shopping, movie theater and parks.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,540 | 1,537 | 53% |
| Lot Size | 871 | 1,428 | 18% |
| Price | $595.0K | $641.0K | 41% |
| Price per sq ft | $386 | $427 | 12% |
| Built year | 1981 | 1985 | 35% |
| HOA | $590.0 | $400 | 88% |
| Days on market | 50 | 144 | 12% |
Apr 26, 2026
$595,000
Initial Listing