4687 Summit Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 4 bath

4687 Summit Avenue, Simi Valley, California 93063 home-pic-0
ACTIVE$1,399,000
4687 Summit Avenue, Simi Valley, California 93063
4Beds
4Baths
2,900Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($1,350,369.81) is $48,630.19 (3%) lower than the list price ($1,399,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2025, this brand new home offers contemporary design, new systems, and builder warranties, ensuring minimal immediate maintenance concerns for the buyer.
Top Cons:
All Bedrooms on Upper Level: The layout with all four bedrooms located upstairs may not appeal to buyers desiring a ground-floor bedroom for accessibility, guests, or multi-generational living.

Compared to the nearby listings

Price:$1.40M vs avg $846.0K (+$553,000)93%
Size:2,900 sqft vs avg 1,815.5 sqft89%
Price/sqft:$482 vs avg $47953%

More Insights

Built in 2025 (0 years old).
Condition: This is a brand new construction home with a built year of 2025. The description explicitly states 'Brand new construction' and highlights modern features such as a gourmet kitchen with a large center island, a spa-like primary bath, and builder-supplied solar panels. Buyers also have the opportunity to customize finishes like countertops, backsplash, bathroom tile, and flooring, ensuring all components will be new, modern, and meet current quality standards with no deferred maintenance.
Year Built
2025
Close
-
List price
$1.4M
Original List price
$1.49M
Price/Sqft
$482
HOA
$430
Days on market
-
Sold On
-
MLS number
225001462
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Seller drastically reduced the price for a year end sale! Pricing is subject to increase after the first of the year. Start the new year in a brand new home! Brand new construction. Modern Farmhouse Elevation. Buyer has options such as countertops, backsplash, bathroom tile and all flooring dependent upon the date of purchase. 13 custom home development. 7 homes in Phase 2. Modern Farmhouse or Spanish Revival Elevations (fronts). Spectacular 2900 Sq Ft, 2 Story featuring 4 bedrooms, 3.5 baths, living room, dining room, gourmet kitchen with large center island, large family room, direct access, 2 car garage and a 1/2 guest bath. All 4 bedrooms are upstairs. Large primary suite with private spa-like bath and walk in closet. Main secondary bedroom features en-suite bath. 2 additional secondary bedrooms, spacious full hall bath with dual vanities. Includes an oversized upstairs laundry room. Many custom features through-out, ask for details. Includes builder supplied solar panels.

Condition Rating
Excellent

This is a brand new construction home with a built year of 2025. The description explicitly states 'Brand new construction' and highlights modern features such as a gourmet kitchen with a large center island, a spa-like primary bath, and builder-supplied solar panels. Buyers also have the opportunity to customize finishes like countertops, backsplash, bathroom tile, and flooring, ensuring all components will be new, modern, and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2025, this brand new home offers contemporary design, new systems, and builder warranties, ensuring minimal immediate maintenance concerns for the buyer.
Customization Opportunities: Buyers have the unique advantage of selecting finishes such as countertops, backsplash, bathroom tile, and all flooring, allowing for personalized interior design choices.
Spacious & Functional Layout: The 2900 sq ft, 2-story home features 4 bedrooms, 3.5 baths, a gourmet kitchen with a large center island, a large family room, and an oversized upstairs laundry room, catering to modern family living.
Energy Efficiency: Includes builder-supplied solar panels, contributing to lower utility costs and a reduced environmental footprint, enhancing long-term value.
Architectural Choice & Views: Offers a choice between Modern Farmhouse or Spanish Revival elevations and boasts desirable mountain views, adding to its aesthetic appeal.

Cons

All Bedrooms on Upper Level: The layout with all four bedrooms located upstairs may not appeal to buyers desiring a ground-floor bedroom for accessibility, guests, or multi-generational living.
Significant HOA Fees: A monthly association fee of $430.00 adds a substantial recurring cost to homeownership, which could impact affordability for some buyers.
Price Discrepancy with Estimation: Despite a recent price reduction, the listing price remains 7% above the estimated property value, potentially indicating an aggressive pricing strategy or a slower market valuation adjustment.

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