3048 Mineral Wells Court, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 2 bath
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3048 Mineral Wells Court
Simi Valley, California 93063
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,612Sq Ft
11,761Lot Size
Property Price
LIST PRICE$760,000
EST. MARKET VALUE
$786,312
3% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $760,000—positioned well below the $786,312 Fair Market Value by 3%. This valuation gap offers $26,312 in Instant Equity for the buyer. With a Condition Rating of 4, the home provides a functional foundation for cosmetic modernization. The expansive 11,761 sqft lot offers significant potential for ADU development, while the proximity to top-rated schools makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Estimated Market Value
$786,312+$26,312 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Simi Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3048 Mineral Wells Court Subject 4 bd · 2 ba · 1,612 sqft · $488 | $760,000* List Price | 4 | 2 | 1,612 | $488 | - |
A 4694 Walnut Sold 4 bd · 2 ba · 1,612 sqft · $527 · 0.3 mi | $850,000 | 4 | 2 | 1,612 | $527 | 0.3 mi |
B 4590 Fort Worth Drive Sold 4 bd · 2 ba · 1,612 sqft · $527 · 0.1 mi | $850,000 | 4 | 2 | 1,612 | $527 | 0.1 mi |
C 4241 Eve Sold 4 bd · 2 ba · 1,812 sqft · $447 · 0.7 mi | $810,000 | 4 | 2 | 1,812 | $447 | 0.7 mi |
D 4481 Bidwell Street Sold 3 bd · 2 ba · 1,667 sqft · $525 · 0.8 mi | $875,000 | 3 | 2 | 1,667 | $525 | 0.8 mi |
E 2830 Dalhart Avenue Sold 3 bd · 3 ba · 1,515 sqft · $567 · 0.3 mi | $859,000 | 3 | 3 | 1,515 | $567 | 0.3 mi |
F 4591 Hempstead Street Sold 4 bd · 2 ba · 1,708 sqft · $454 · 0.7 mi | $775,200 | 4 | 2 | 1,708 | $454 | 0.7 mi |
G 4477 Hempstead Street Sold 3 bd · 2 ba · 1,434 sqft · $568 · 0.7 mi | $815,000 | 3 | 2 | 1,434 | $568 | 0.7 mi |
H 4776 El Prado Street Sold 3 bd · 3 ba · 1,831 sqft · $508 · 0.2 mi | $930,000 | 3 | 3 | 1,831 | $508 | 0.2 mi |
I 4777 Bonham Street Active Under Contract 3 bd · 2 ba · 1,458 sqft · $562 · 0.2 mi | $819,500 List Price | 3 | 2 | 1,458 | $562 | 0.2 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, the home appears functional and move-in ready but features a dated kitchen with older cabinetry and wood countertops. While the hardwood flooring is a nice feature, the interior and systems likely require cosmetic updates and modernization.
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 = 11761, living area = 1612.
- Expansive Lot Size
The property features a generous 11,761 square foot lot, providing significant outdoor space for potential ADU development, a pool, or customized landscaping.
- Prime Cul-de-Sac Location
Situated on Mineral Wells Court, the home benefits from a quiet, low-traffic environment that is highly desirable for families and privacy-seekers.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1964, the residence may require updates to major systems or cosmetic renovations to align with modern aesthetic and efficiency standards.
- Lack of Marketing Detail
The current absence of interior photos and a detailed description in the listing may hinder initial buyer engagement and market momentum.
About 3048 Mineral Wells Court
Photos & Description Coming Soon
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 11,761 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
Simi Valley Unified Schools
Big Springs Elementary School
Grades K-6 • 0.5 mi
6/10
Valley View Middle School
Grades 6-8 • 0.5 mi
5/10
Simi Valley High School
Grades 9-12 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,612 | 1,764.918 |
| Lot Size | 11,761 | 7,506.335 |
| Price | $760.0K | $856.9K |
| Price per sq ft | $471 | $487 |
| Built year | 1964 | 1970 |
| HOA | $0 | $164 |
| Days on market | 32 | 50 |
Pricing History
Listed for Sale
Sep 22, 2026
$760,000
Initial Listing
Sold
Oct 1, 2003
$415,000
Public Record