329 Mariposa Drive, Ventura, California 93001, Ventura, 93001 - 4 bed, 3 bath
ACTIVE UNDER CONTRACT$1,500,000
329 Mariposa Drive, Ventura, California 93001
4Beds
3Baths
2,235Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($1,448,661.89) is $51,338.11 (3%) lower than the list price ($1,500,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 9583, living area = 2235.
Top Cons:
Extensive Renovation Required: Described as a 'Diamond in the ruff' and owned by the same family for over 55 years, the 1950-built property likely requires significant modernization and updates to meet contemporary standards.
Compared to the nearby listings
Price:$1.50M vs avg $1.30M (+$199,950)60%
Size:2,235 sqft vs avg 1,742.5 sqft67%
Price/sqft:$671 vs avg $77036%
More Insights
Built in 1950 (75 years old).
Condition: This 1950-built home, owned by the same family for over 55 years, is explicitly described as a 'diamond in the ruff' requiring 'extensive renovation.' The images reveal severely outdated features including dated brick fireplaces with brass inserts, very old vinyl/linoleum flooring, dated wood paneling and ceiling treatments, and multiple wall-mounted gas heaters indicating an absence of modern central HVAC. Crucially, there are no images of the kitchen or bathrooms, which strongly suggests these critical areas are in original or very poor, outdated condition. The property requires substantial rehabilitation and likely major system replacements to meet contemporary standards, aligning with the 'poor' condition criteria.
Year Built
1950
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33177
Home ConditionPoor
Features
Excellent View: City Lights, Coastline, Mountain(s), Ocean, Panoramic
Patio
ViewCity Lights,Coastline,Mountain(s),Ocean,Panoramic
About this home
Panoramic Ocean & Island View Home with Endless Potential. Discover this rare opportunity to own a 4-bedroom, 3-bath coastal retreat offering sweeping ocean and island views. Spanning approximately 2,235 sq. ft. on a 9,583 sq. ft. lot, this 1950-built Diamond in the ruff blends classic character with exceptional promise. Hardwood floors in several rooms. Two sided Fireplace. Enjoy private alley access with room for RV parking, plus an additional storage building for all your gear and hobbies. Owned by the same family for over 55 years, this property is ready for its next chapter. With neighborhood homes valued up to $2.5 million, this residence offers tremendous potential to create your dream coastal haven or an extraordinary investment opportunity.
Nearby schools
4/10
Lincoln Elementary School
Public,•K-5•0.5mi
6/10
Cabrillo Middle School
Public,•6-8•0.4mi
6/10
Ventura High School
Public,•9-12•0.7mi
Condition Rating
Poor
This 1950-built home, owned by the same family for over 55 years, is explicitly described as a 'diamond in the ruff' requiring 'extensive renovation.' The images reveal severely outdated features including dated brick fireplaces with brass inserts, very old vinyl/linoleum flooring, dated wood paneling and ceiling treatments, and multiple wall-mounted gas heaters indicating an absence of modern central HVAC. Crucially, there are no images of the kitchen or bathrooms, which strongly suggests these critical areas are in original or very poor, outdated condition. The property requires substantial rehabilitation and likely major system replacements to meet contemporary standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
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 = 9583, living area = 2235.
Panoramic Views: The property boasts sweeping panoramic ocean and island views, along with city lights and coastline, offering a highly desirable and valuable amenity.
Significant Investment Potential: Described as a 'Diamond in the ruff' with 'endless potential' and neighborhood homes valued up to $2.5 million, indicating substantial upside for appreciation after renovation.
Generous Lot Size & Utility: A substantial 9,583 sq. ft. lot includes private alley access with room for RV parking and an additional storage building, adding practical value and flexibility.
Desirable Coastal Location: Situated in Ventura's sought-after hillside area (VC29 - Hillside above Poli St./ Foothill Rd), offering a prime coastal retreat setting.
Classic Character: The 1950-built home features hardwood floors in several rooms and a two-sided fireplace, providing a foundation of classic character that can be enhanced.
Cons
Extensive Renovation Required: Described as a 'Diamond in the ruff' and owned by the same family for over 55 years, the 1950-built property likely requires significant modernization and updates to meet contemporary standards.
Potential for High Capital Investment: Realizing the property's 'tremendous potential' and achieving higher neighborhood values will necessitate a substantial financial outlay for comprehensive renovations and upgrades.
Outdated Systems and Finishes: Given its 1950 construction and long-term ownership, it's highly probable that many core systems (e.g., electrical, plumbing) and interior finishes are original or significantly outdated, requiring replacement.