297 Rancho Drive, Ventura, California 93003, Ventura, 93003 - 4 bed, 2 bath
ACTIVE$1,625,000
297 Rancho Drive, Ventura, California 93003
4Beds
2Baths
1,796Sqft
6,969Lot
Price Vs. Estimate
The estimated value ($1,422,490.125) is $202,509.875 (12%) lower than the list price ($1,625,000). This property may be overpriced.
Key pros and cons
Top Pros:
High-End Customization & Finishes: Custom-built with high ceilings, real hardwood floors, newer cabinets, and granite counters, offering a premium aesthetic and feel.
Top Cons:
Significant Price Discrepancy: The listing price is 13% above the estimated property value, potentially making it less competitive or requiring a price adjustment.
Compared to the nearby listings
Price:$1.62M vs avg $983.0K (+$642,000)92%
Size:1,796 sqft vs avg 1,684.5 sqft61%
Price/sqft:$905 vs avg $60694%
More Insights
Built in 1951 (74 years old).
Condition: Built in 1951, this home has undergone extensive renovations, making it move-in ready. The kitchen features modern stainless steel appliances, granite countertops, and hardwood floors, though the cabinet style leans more traditional. Bathrooms are clean and functional with updated vanities, but some tile work and shower door styles suggest renovations from 15-20 years ago rather than brand new. The property benefits from modern amenities like AC, a paid-for solar system, and a built-in sound system, indicating significant investment and maintenance. While not all elements are cutting-edge, the overall condition is well-maintained with no immediate renovation required, aligning with the 'Good' criteria for a property extensively renovated within the last 5 to 15 years.
Year Built
1951
Close
-
List price
$1.63M
Original List price
$1.63M
Price/Sqft
$905
HOA
-
Days on market
-
Sold On
-
MLS number
V1-32012
Home ConditionGood
Features
Good View: Mountain(s)
Spa
Patio
ViewMountain(s)
About this home
This home is Custom Built with high Ceilings, newer style cabinets, real hardwood floors, AC and Heat, Sauna, Spa outside Unreal Fireplace in stone, Granite counters, outside bar/party area 500sf Garage oversize RV for boat and or motorhome. Built in sound system that is really wild for inside and outside sound. Also has Solar that is paid for and Has very very low electrical bill. This is a truly ONE OFF Midtown Home for sure.
Nearby schools
2/10
Will Rogers Elementary School
Public,•K-5•0.2mi
4/10
Blanche Reynolds Elementary School
Public,•K-5•0.4mi
6/10
Cabrillo Middle School
Public,•6-8•1.3mi
6/10
Ventura High School
Public,•9-12•0.8mi
Condition Rating
Good
Built in 1951, this home has undergone extensive renovations, making it move-in ready. The kitchen features modern stainless steel appliances, granite countertops, and hardwood floors, though the cabinet style leans more traditional. Bathrooms are clean and functional with updated vanities, but some tile work and shower door styles suggest renovations from 15-20 years ago rather than brand new. The property benefits from modern amenities like AC, a paid-for solar system, and a built-in sound system, indicating significant investment and maintenance. While not all elements are cutting-edge, the overall condition is well-maintained with no immediate renovation required, aligning with the 'Good' criteria for a property extensively renovated within the last 5 to 15 years.
Pros & Cons
Pros
High-End Customization & Finishes: Custom-built with high ceilings, real hardwood floors, newer cabinets, and granite counters, offering a premium aesthetic and feel.
Extensive Luxury & Entertainment Features: Includes AC/Heat, an outdoor sauna and spa, an outdoor bar/party area, and a built-in indoor/outdoor sound system, ideal for entertaining and relaxation.
Significant Energy Cost Savings: Equipped with a fully paid-for solar system, resulting in very low electrical bills, a major long-term financial benefit.
Exceptional Vehicle/Storage Capacity: Features a 500 sq ft oversized garage capable of accommodating an RV, boat, or motorhome, appealing to hobbyists or those needing ample storage.
Desirable Midtown Location with Views: Situated in a 'Midtown Home' location with mountain views and convenient proximity to highly-rated schools.
Cons
Significant Price Discrepancy: The listing price is 13% above the estimated property value, potentially making it less competitive or requiring a price adjustment.
Property Age: Built in 1951, the home's age, despite updates, might present concerns for some buyers regarding potential maintenance or the need for future system replacements.
Highly Unique Design: Described as a 'ONE OFF' home, its custom and potentially idiosyncratic features might appeal to a niche market, potentially limiting the pool of interested buyers.