2991 Theresa Drive, Newbury Park, California 91320, Newbury Park, 91320 - 4 bed, 2 bath
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Newbury Park, California 91320
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well above the $668,955 Fair Market Value by -19%. Featuring a Condition Rating of 5, this 1964 "time capsule" requires a full interior renovation to modernize its 1,630 sq. ft. layout. The expansive 8,712 sq. ft. lot and proximity to Sequoia Middle School provide a solid foundation for value-add projects. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a comprehensive restoration to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2991 Theresa Drive Subject | $799,000* List Price | 4 | 2 | 1,630 | $410 | - |
A 585 N Wendy Drive Sold | $675,000 | 3 | 2 | 1,633 | $413 | 0.5 mi |
B 93 N Dewey Sold | $725,000 | 4 | 3 | 1,956 | $371 | 0.5 mi |
C 217 Deerwalk Place Sold | $960,000 | 3 | 2 | 1,977 | $486 | 0.6 mi |
D 208 Dorena Drive Pending | $800,000 List Price | 4 | 2 | 1,630 | $491 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 and explicitly described as a 'time capsule,' this property retains its original 60-year-old kitchen, bathrooms, and finishes. With no evidence of renovations and a clear need for a full interior rehab and system modernization, it meets the criteria for poor condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1630.
The property features a generous 8,712 sq. ft. lot, providing ample space for outdoor entertaining, gardening, or potential future expansion in a desirable neighborhood.
Ideally situated within walking distance (0.15 miles) to Sequoia Middle School and close to parks and shopping, offering exceptional convenience for families.
Described as a 1964 'time capsule,' the interior requires comprehensive updates and modernization to meet current market standards and buyer expectations.
As a restoration opportunity, the property will necessitate significant additional investment beyond the purchase price for repairs and aesthetic improvements.
Welcome to this charming single story opportunity in the heart of Newbury Park. Situated on an expansive 8,712 sq. ft. lot, this 4 bedroom, 2 bathroom home offers 1,630 sq. ft. of living space and endless potential for someone ready to make it their own. Filled with classic 1964 character, the interior is a true time capsule just waiting for thoughtful updates and a fresh new vision. Inside, you will find a spacious formal dining room perfect for gatherings, a welcoming living room with a cozy fireplace, and a functional floor plan designed for comfortable everyday living. The primary suite features its own private bath with a dedicated vanity space, offering the ideal foundation for a beautiful future retreat. The generous backyard provides room to create, expand, entertain, or simply enjoy the outdoors. Ideally located close to Sequoia Middle School, parks, shopping, and everyday conveniences, this property presents an incredible opportunity to restore and reimagine a classic home in one of Newbury Park's most desirable neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,630 | 2,036 | 27% |
| Lot Size | 8,712 | 8,276 | 57% |
| Price | $799.0K | $1.10M | 5% |
| Price per sq ft | $490 | $542 | 31% |
| Built year | 1964 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 141 | 2% |
May 11, 2026
$799,000
Initial Listing