3316 Medicine Bow Court, Thousand Oaks, California 91362, Westlake Village, 91362 - 2 bed, 2 bath
3316 Medicine Bow Court
Thousand Oaks, California 91362
Property Price
SUMMARY
Analysis of 3316 Medicine Bow Court, Thousand Oaks, California 91362 reveals a property with a current list price of $1,550,000, which is 7% above the estimated $1,443,715 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Thousand Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3316 Medicine Bow Court Subject | $1,550,000* List Price | 2 | 2 | 1,589 | $909 | - |
A 2662 Great Smokey Court Sold | $1,525,000 | 3 | 2 | 1,838 | $830 | 0.2 mi |
B 3032 E Black Hills Court Sold | $1,535,000 | 3 | 2 | 1,783 | $861 | 0.3 mi |
C 3021 Black Hills Court Active Under Contract | $1,299,000 List Price | 4 | 2 | 1,838 | $707 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant updates throughout. The kitchen is modernized with stainless steel appliances, stone countertops, and recessed lighting, while the bathrooms feature updated vanities and contemporary tiling. Although the metadata lists a 1947 build date, the home reflects the 'Wheatfield' model style with extensive renovations likely completed within the last 5 to 15 years, including high-quality flooring and a well-maintained outdoor pool and spa area.
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 = 7139, living area = 1589.
- Prime Cul-de-Sac Location
Situated on a quiet cul-de-sac adjacent to Russell Park, this property offers exceptional privacy and a tranquil environment in the highly sought-after heart of Westlake Village.
- Premium Outdoor Amenities
The backyard serves as a private retreat with an oversized pool, jacuzzi spa, and mature landscaping, perfectly capturing the quintessential Southern California indoor-outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
With an original build date of 1947, the property is significantly older than the typical Westlake Village inventory, potentially requiring upgrades to major systems or structural components.
- Property Data Inconsistencies
A significant discrepancy exists between the 2,434 sq ft cited in the description and the 1,589 sq ft in the metadata, which may present challenges during the appraisal and due diligence process.
About 3316 Medicine Bow Court
Shown by appointment only, tucked away on a quiet cul-de-sac in the heart of Westlake Village, 3316 Medicine Bow Court offers a rare blend of privacy, comfort, and classic California living. This inviting residence ideally located adjacent to Russell Park and the most popular model ''Wheatfield'' is thoughtfully designed for both everyday ease and effortless entertaining, with light-filled interiors and a seamless indoor-outdoor flow.Great specifications: 4 bedroom, 2.5 bath in a 2,434 sq ft home on an 8,712 sq ft lot. Generous living spaces create a welcoming atmosphere, while well-proportioned rooms provide flexibility for modern lifestyles--whether working from home, hosting gatherings, or enjoying quiet evenings in. The home's layout balances openness with defined spaces, offering both functionality and warmth.Outdoors, the backyard serves as a private retreat--with a beautiful oversized pool and jacuzzi spa, it is ideal for al fresco dining, weekend relaxation, or entertaining under the Southern California sky. Mature landscaping and the home's cul-de-sac location enhance the sense of tranquility and exclusivity.Ideally situated near award-winning schools, scenic hiking trails, shopping, dining, and easy access to the 101 freeway, this home captures the best of Westlake Village living--peaceful, convenient, and undeniably desirable.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 7,139 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Tyler Skills Elementary School
Grades K-8 • 1.2 mi
Commodore Stockton Skills School
Grades K-8 • 1.4 mi
Hoover Elementary School
Grades K-8 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 6% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,589 | 2,461 | 14% |
| Lot Size | 7,139 | 8,864.5 | 34% |
| Price | $1.55M | $1.34M | 71% |
| Price per sq ft | $975 | $566 | 98% |
| Built year | 1947 | 1985 | 2% |
| HOA | $0 | $87 | 40% |
| Days on market | 26 | 167 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,550,000
$374,999
+313% Price Increase
Initial Listing
Price Change
Feb 23, 2026
$374,999
$1,550,000
-76% Price Drop
Initial Listing
Price Change
Feb 22, 2026
$1,550,000
$374,999
+313% Price Increase
Initial Listing
Price Change
Feb 20, 2026
$374,999
$1,550,000
-76% Price Drop
Initial Listing
Price Change
Feb 11, 2026
$1,550,000
$374,999
+313% Price Increase
Initial Listing
Price Change
Feb 8, 2026
$374,999
Initial Listing