3013 Michael Drive, Newbury Park, California 91320, Newbury Park, 91320 - 4 bed, 2 bath
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3013 Michael Drive
Newbury Park, California 91320
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,630Sq Ft
7,840Lot Size
Property Price
LIST PRICE$849,900
EST. MARKET VALUE
$850,327
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $849,900—positioned slightly above the $846,477 Fair Market Value. While the home carries a Condition Rating of 4, its 7,840 sq. ft. lot and functional 1,630 sq. ft. layout provide significant upside for forced appreciation through modernization. Located in the Conejo Valley Unified district with proximity to top-rated schools, this asset offers long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations.
Estimated Market Value
$850,327
Based on Realkey algorithm analyzing recent comparable sales in Newbury Park.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3013 Michael Drive Subject | $849,900* List Price | 4 | 2 | 1,630 | $522 | - |
A 521 Debbie Street Sold | $810,000 | 4 | 2 | 1,630 | $497 | 0.2 mi |
B 3429 Henry Drive Sold | $815,000 | 3 | 2 | 1,441 | $566 | 0.4 mi |
C 2930 Alice Drive Sold | $1,020,000 | 4 | 2 | 1,630 | $626 | 0.1 mi |
D 2991 Theresa Drive Sold | $780,000 | 4 | 2 | 1,630 | $479 | 0.3 mi |
E 593 Randy Drive Sold | $800,000 | 3 | 2 | 1,241 | $645 | 0.2 mi |
F 2606 Theresa Street Sold | $915,000 | 4 | 3 | 1,946 | $470 | 0.6 mi |
G 143 N Wendy Drive Sold | $840,000 | 3 | 2 | 1,441 | $583 | 0.3 mi |
H 721 N Lois Avenue Sold | $920,000 | 4 | 2 | 1,777 | $518 | 0.4 mi |
I 52 Sandra Court Active | $985,000 List Price | 4 | 2 | 1,716 | $574 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964, this property is over 60 years old and retains many dated features including popcorn ceilings and older tile surfaces. While the kitchen has been refreshed with paint, the overall condition requires modernization and 'TLC' as noted in the description, fitting the criteria for a home over 20 years old needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1630.
- Expansion and Value-Add Potential
The nearly 8,000 sq. ft. lot provides ample space for a future pool or an ADU, offering significant opportunities to increase the property's equity and utility.
- Prime Neighborhood Location
Situated on a quiet street in the desirable Casa Conejo area, the home is positioned in a market where recent comparable sales are reaching record highs.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted as needing 'TLC,' indicating that a buyer will need to budget for immediate cosmetic or structural renovations to modernize the home.
- Aging Infrastructure
Built in 1964, the home likely features original systems that may require updates to meet current building standards and improve energy efficiency.
About 3013 Michael Drive
Location, location! Welcome to this classic single-story Newbury home! This cozy four bedroom- two bath is nestled in a desirable quiet street where recent comparable sales have surpassed previous highs! this home is brimming with potential for the buyer ready to bring their vision to life. With good bones, a comfortable layout and natural lighting, a little TLC will transform this house into your dream home. Resting on an almost 8000 Sq Ft lot, you will find your own low maintenance private space outback, with mature fruit trees, ideal for outdoor entertaining, relaxing, a future pool or an ADU. Attached direct access two car garage. Conveniently located, you are minutes away from dining, shopping, parks, hiking trails, with easy access to the freeway. If you are looking for a rare chance to own a home in a great area, don’t miss this opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,840 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newbury Park Unified Schools
Walnut Elementary School
Grades K-5 • 0.3 mi
4/10
Environmental Academy Of Research Technology And Earth Sciences
Grades K-5 • 0.5 mi
8/10
Sequoia Middle School
Grades 6-8 • 0.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,630 | 2,176.038 |
| Lot Size | 7,840 | 8,415.744 |
| Price | $849.9K | $1.13M |
| Price per sq ft | $521 | $536 |
| Built year | 1964 | 1982 |
| HOA | $0 | $148 |
| Days on market | 35 | 50 |
Pricing History
Listed for Sale
Aug 5, 2026
$849,900
Initial Listing
Sold
Jun 27, 1995
$192,000
Public Record