2901 Peninsula Road 333, Oxnard, California 93035, Oxnard, 93035 - 1 bed, 1 bath
ACTIVE$445,500
2901 Peninsula Road 333, Oxnard, California 93035
1Bed
1Bath
681Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Panoramic Harbor & Ocean Views: The property offers magnificent, panoramic views of both the harbor and the ocean, significantly enhancing its appeal and value.
Top Cons:
High Monthly Association Fees: The association fee of $775.0 is substantial for a 1 bed/1 bath unit, significantly impacting the total monthly cost of ownership.
Compared to the nearby listings
Price:$445.5K vs avg $740.0K ($-294,500)5%
Size:681 sqft vs avg 1,369 sqft5%
Price/sqft:$654 vs avg $55087%
More Insights
Built in 1974 (51 years old).
Condition: The property was built in 1974, making it 50 years old. The kitchen features very dated white appliances, old flat-panel cabinets, brown laminate countertops, and fluorescent lighting, suggesting it is either original or was last renovated 30-50 years ago. The bathroom also shows significant age with dated tile countertops, an older vanity, and fluorescent lighting. The listing description explicitly states it's a 'wonderful opportunity for a remodel,' indicating that substantial updates are required to bring the unit to modern standards. While there are no explicit mentions of structural defects, the visible condition of the kitchen and bathroom, combined with the property's age, necessitates a major rehabilitation of these key areas, aligning with the 'poor' condition criteria.
Year Built
1974
Close
-
List price
$446K
Original List price
$499K
Price/Sqft
$654
HOA
$775
Days on market
-
Sold On
-
MLS number
V1-31711
Home ConditionPoor
Features
Excellent View: Harbor, Marina, Ocean
Deck
Pool
Spa
ViewHarbor, Marina, Ocean
About this home
This property offers magnificent, panoramic views of both the harbor and the ocean, complemented by a spacious balcony that overlooks the Marina.It is a wonderful opportunity for a remodel, allowing the owner to fully embrace coastal and resort-style living. The building features excellent amenities, including two waterfront pools, a sauna, a gym, a tennis court, and a clubhouse.
Condition Rating
Poor
The property was built in 1974, making it 50 years old. The kitchen features very dated white appliances, old flat-panel cabinets, brown laminate countertops, and fluorescent lighting, suggesting it is either original or was last renovated 30-50 years ago. The bathroom also shows significant age with dated tile countertops, an older vanity, and fluorescent lighting. The listing description explicitly states it's a 'wonderful opportunity for a remodel,' indicating that substantial updates are required to bring the unit to modern standards. While there are no explicit mentions of structural defects, the visible condition of the kitchen and bathroom, combined with the property's age, necessitates a major rehabilitation of these key areas, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Panoramic Harbor & Ocean Views: The property offers magnificent, panoramic views of both the harbor and the ocean, significantly enhancing its appeal and value.
Extensive Resort-Style Amenities: The building features excellent amenities, including two waterfront pools, a sauna, a gym, a tennis court, and a clubhouse, promoting a luxurious lifestyle.
Prime Waterfront Location: Situated in the 'Channel Island Waterfront Homes' subdivision on Peninsula Road, providing direct access to desirable coastal and marina living in Oxnard.
Spacious Private Balcony: Complemented by a spacious balcony that directly overlooks the Marina, offering an ideal outdoor space to enjoy the waterfront scenery.
Remodel Opportunity: Described as a 'wonderful opportunity for a remodel,' allowing a new owner to customize and modernize the unit to their taste and maximize coastal living.
Cons
High Monthly Association Fees: The association fee of $775.0 is substantial for a 1 bed/1 bath unit, significantly impacting the total monthly cost of ownership.
Older Building Construction: Built in 1974, the building is 50 years old, which may imply potential for aging infrastructure, higher maintenance costs, or the need for significant capital improvements in the future.
Significant Price Reductions: The property has undergone multiple price reductions from its original list price of $499,000 to $445,500, which could indicate market resistance or a perceived overvaluation.