445 Millard Street, Moorpark, California 93021, Moorpark, 93021 - 3 bed, 2 bath

445 Millard Street, Moorpark, California 93021 home-pic-0
ACTIVE UNDER CONTRACT$645,000
445 Millard Street, Moorpark, California 93021
3Beds
2Baths
1,068Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($597,042.835) is $47,957.165 (7%) lower than the list price ($645,000). This property may be overpriced.

Key pros and cons

Top Pros:
Strategic Location: Located in central Moorpark, offering excellent proximity to a variety of shopping areas and convenient freeway access.
Top Cons:
Requires Extensive Remodeling: The property description explicitly states it needs 'upgrade and remodel,' indicating significant work is required beyond cosmetic updates.

Compared to the nearby listings

Price:$645.0K vs avg $1.04M ($-399,000)2%
Size:1,068 sqft vs avg 2,504 sqft6%
Price/sqft:$604 vs avg $44585%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this property is explicitly marketed as needing an 'upgrade and remodel' and 'extensive remodeling.' While it benefits from significant system upgrades such as a newer electric panel, tankless water heater, upgraded AC, and dual pane windows, the interior condition, particularly the kitchen, is very poor. The kitchen features mismatched, unfinished, and outdated cabinetry, indicating a need for a complete renovation. Although no bathroom images are provided, it's highly probable they are in a similar outdated state. The property requires substantial rehabilitation to meet modern living standards, despite the functional system improvements.
Year Built
1959
Close
-
List price
$645K
Original List price
$645K
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
225004514
Home ConditionPoor
Features
View-

About this home

This is your chance to upgrade and remodel a home located in central Moorpark, close to a variety of shopping areas with great freeway access. Upgrades include a newer electric panel, a tankless water heater, upgraded AC, and dual pane windows. Tile flooring in the the living room and kitchen. The home boasts a large backyard, perfect for adding an ADU.

Nearby schools

6/10
Peach Hill Academy
Public,K-51.2mi
7/10
Mountain Meadows Elementary School
Public,K-51.8mi
5/10
Chaparral Middle School
Public,6-80.4mi
6/10
Mesa Verde Middle School
Public,6-81.2mi
6/10
Moorpark High School
Public,9-121.5mi
Condition Rating
Poor

Built in 1959, this property is explicitly marketed as needing an 'upgrade and remodel' and 'extensive remodeling.' While it benefits from significant system upgrades such as a newer electric panel, tankless water heater, upgraded AC, and dual pane windows, the interior condition, particularly the kitchen, is very poor. The kitchen features mismatched, unfinished, and outdated cabinetry, indicating a need for a complete renovation. Although no bathroom images are provided, it's highly probable they are in a similar outdated state. The property requires substantial rehabilitation to meet modern living standards, despite the functional system improvements.
Pros & Cons

Pros

Strategic Location: Located in central Moorpark, offering excellent proximity to a variety of shopping areas and convenient freeway access.
Key Infrastructure Upgrades: Recent updates include a newer electric panel, tankless water heater, and upgraded AC, mitigating immediate major system replacement costs.
Energy Efficiency Improvements: Equipped with dual pane windows, contributing to better insulation and potential energy savings.
ADU Potential: Boasts a large backyard (6098 sqft lot) explicitly noted as perfect for adding an Accessory Dwelling Unit, offering significant value-add potential.
Value-Add Opportunity: Marketed as a chance to upgrade and remodel, appealing to buyers looking to customize and build equity.

Cons

Requires Extensive Remodeling: The property description explicitly states it needs 'upgrade and remodel,' indicating significant work is required beyond cosmetic updates.
Property Age: Built in 1959, the home is over 60 years old, suggesting potential for outdated systems, layouts, or aesthetics not covered by recent upgrades.
Overpriced Relative to Estimate: The current listing price is 7% higher than the property's estimated value, potentially indicating it is overvalued in its current condition.

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