3490 Highwood Court 87, Simi Valley, California 93063, Simi Valley, 93063 - 2 bed, 2 bath
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Simi Valley, California 93063
This property presents a High-Potential Investment Opportunity with a List Price of $396,000—positioned well below the $400,155 Fair Market Value by 1%. This valuation gap offers $4,155 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit requires cosmetic modernization, yet offers significant upside through its End Unit layout, Private Backyard, and Detached Two-Car Garage. This is a value-add asset ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3490 Highwood Court 87 Subject | $396,000* List Price | 2 | 2 | 1,000 | $400 | - |
A 3192 Darby Street 113 Sold | $455,000 | 2 | 1 | 1,114 | $408 | 0.4 mi |
B 3306 Darby Street 402 Sold | $435,000 | 2 | 1 | 1,061 | $410 | 0.3 mi |
C 3431 Highwood Court 136 Pending | $449,000 List Price | 2 | 2 | 1,046 | $429 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this 52-year-old property is functional but dated. The kitchen features older tile countertops and white appliances that appear to be over 20 years old. Interior details like popcorn ceilings and vertical blinds indicate a lack of recent major renovations, though the unit appears well-maintained and move-in ready for a buyer willing to perform cosmetic updates.
As an end unit, this property offers increased privacy and natural light, complemented by a rare private backyard ideal for gardening or outdoor dining.
The inclusion of a detached two-car garage provides significant value, offering secure parking and additional storage space often lacking in condominium living.
Ideally situated in Central Simi Valley, the home provides convenient access to local shopping, dining, parks, and major transportation corridors.
The property is marketed as needing updates and a 'personal touch,' indicating that buyers should budget for immediate cosmetic or functional renovations.
Built in 1972, the residence may feature older infrastructure and systems that could require maintenance or replacement compared to more modern developments.
Welcome to Meadowbrooks! Nestled in the heart of Central Simi Valley, this charming 2-bedroom, 1.5-bath end unit condominium offers an exceptional opportunity to create the home you've always envisioned. With a functional floor plan and plenty of potential, this residence is ready for your personal touch and updates.Enjoy the convenience of a small private backyard--perfect for relaxing, gardening, or outdoor dining--as well as the added benefit of a detached two-car garage providing ample parking and storage.Ideally situated near shopping, restaurants, schools, parks, and major transportation routes, this home offers the perfect balance of comfort and convenience. Whether you're a first-time buyer, investor, or someone looking to customize a home to your own style, this Meadowbrooks gem is full of possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,000 | 1,074 |
| Lot Size | 435 | 1,074 |
| Price | $396.0K | $490.4K |
| Price per sq ft | $396 | $454 |
| Built year | 1972 | 1985 |
| HOA | $343.0 | $413 |
| Days on market | 2 | 70 |
Jul 20, 2026
$396,000
Initial Listing
Aug 27, 2012
$160,000
Public Record
Mar 2, 2006
$347,500
Public Record
Aug 19, 2003
$212,500
Public Record
Jan 29, 2003
$180,000
Public Record
Aug 21, 1996
$92,000
Public Record