329 S Carrillo Road, Ojai, California 93023, Ojai, 93023 - 3 bed, 2 bath
ACTIVE$845,000
329 S Carrillo Road, Ojai, California 93023
3Beds
2Baths
1,792Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($845,000) is $0 (0%) lower than the list price ($845,000). 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 = 7405, living area = 1792.
Top Cons:
Requires Renovation/TLC: The property explicitly states it 'beckons you to explore your creative vision along with your TLC,' indicating a need for significant updates, repairs, or modernization.
Compared to the nearby listings
Price:$845.0K vs avg $1.19M ($-345,750)20%
Size:1,792 sqft vs avg 1,511 sqft61%
Price/sqft:$472 vs avg $7445%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, this property explicitly states it 'beckons you to explore your creative vision along with your TLC,' indicating a need for substantial rehabilitation. The kitchen, while having some newer stainless steel appliances and recessed lighting, features very dated white cabinets, laminate countertops, and old-fashioned marbled linoleum flooring. There are no images of the bathrooms, but they are likely equally dated. The visible window AC unit suggests a lack of central air conditioning, impacting comfort. Overall, the home requires significant cosmetic and system updates to meet modern standards, aligning with the 'poor' condition criteria for substantial repairs and rehabilitation.
Year Built
1961
Close
-
List price
$845K
Original List price
$939K
Price/Sqft
$472
HOA
-
Days on market
-
Sold On
-
MLS number
V1-31694
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
This is a rare opportunity in the desirable Ojai Terrace neighborhood. It's not often that you can find a home in this area that beckons you to explore your creative vision along with your TLC. A corner lot home with spacious interior square footage (just under 1800 square feet.) This was a former model home for the area. It presents an open area kitchen with a huge walk-in pantry. An extra-large bonus room offers many options; a family room, play room, man cave, or perhaps turn it into an ADU? This home will be an amazing result of your creative vision. You don't want to miss out on making the home of your dreams in an area that is endlessly sought after. Close by the Ojai Valley Trail, shops, restaurants, and the Ojai Meadow Preserve.
Nearby schools
3/10
Meiners Oaks Elementary School
Public,•K-6•0.8mi
4/10
Mira Monte Elementary School
Public,•K-6•0.9mi
4/10
Matilija Junior High School
Public,•7-8•0.7mi
2/10
Chaparral High School
Public,•9-12•1.4mi
Condition Rating
Poor
Built in 1961, this property explicitly states it 'beckons you to explore your creative vision along with your TLC,' indicating a need for substantial rehabilitation. The kitchen, while having some newer stainless steel appliances and recessed lighting, features very dated white cabinets, laminate countertops, and old-fashioned marbled linoleum flooring. There are no images of the bathrooms, but they are likely equally dated. The visible window AC unit suggests a lack of central air conditioning, impacting comfort. Overall, the home requires significant cosmetic and system updates to meet modern standards, aligning with the 'poor' condition criteria for substantial repairs and rehabilitation.
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 = 7405, living area = 1792.
Desirable Location: Situated in the highly sought-after Ojai Terrace neighborhood, offering proximity to the Ojai Valley Trail, local shops, restaurants, and the Ojai Meadow Preserve.
Development Potential: Features an extra-large bonus room providing versatile options for a family room, playroom, or potential conversion into an Accessory Dwelling Unit (ADU).
Spacious Layout & Corner Lot: Boasts just under 1800 square feet of interior space on a desirable corner lot, offering ample room and potential for privacy.
Former Model Home: Originally a model home for the area, suggesting a well-considered initial design and layout for its time.
Mountain Views: The property offers appealing mountain views, enhancing its aesthetic value and desirability.
Cons
Requires Renovation/TLC: The property explicitly states it 'beckons you to explore your creative vision along with your TLC,' indicating a need for significant updates, repairs, or modernization.
Age of Property: Built in 1961, the home is over 60 years old, which may imply outdated systems, finishes, and potential for deferred maintenance requiring substantial investment.
Price Reduction History: Multiple price reductions from the original listing price of $939,000 to the current $845,000 could suggest initial overpricing or market resistance to the property's current condition.