4691 Summit Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 4 bath

4691 Summit Avenue, Simi Valley, California 93063 home-pic-0
ACTIVE$1,399,000
4691 Summit Avenue, Simi Valley, California 93063
4Beds
4Baths
2,900Sqft
9,583Lot

Price Vs. Estimate

The estimated value ($1,345,292.265) is $53,707.735 (3%) lower than the list price ($1,399,000). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Construction: Built in 2025, this is a brand new home offering modern design, features, and the peace of mind that comes with new construction.
Top Cons:
High Association Fee: The monthly association fee of $430 is substantial and adds a significant recurring cost to homeownership.

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 'Year Built' of 2025. The description explicitly states it's a 'brand new home' with a 'gourmet kitchen' and 'spa-like bath.' Buyers have the option to select finishes like countertops, backsplash, bathroom tile, and flooring, ensuring all components will be new and meet current quality standards. The images show the property under construction, confirming its newness.
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
225001463
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. Spanish Revival 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 'Year Built' of 2025. The description explicitly states it's a 'brand new home' with a 'gourmet kitchen' and 'spa-like bath.' Buyers have the option to select finishes like countertops, backsplash, bathroom tile, and flooring, ensuring all components will be new and meet current quality standards. The images show the property under construction, confirming its newness.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this is a brand new home offering modern design, features, and the peace of mind that comes with new construction.
Customization Opportunities: Buyers have the unique opportunity to select countertops, backsplash, bathroom tile, and all flooring, allowing for personalized finishes.
Spacious & Functional Layout: With 2900 sq ft, 4 bedrooms, 3.5 baths, a gourmet kitchen with a large center island, and an oversized upstairs laundry room, the home offers ample space and practical living.
Energy Efficiency: The inclusion of builder-supplied solar panels provides significant long-term energy savings and environmental benefits.
Temporary Price Advantage: The seller has drastically reduced the price for a year-end sale, presenting a time-sensitive opportunity for a favorable purchase.

Cons

High Association Fee: The monthly association fee of $430 is substantial and adds a significant recurring cost to homeownership.
Listing Price vs. Estimated Value: The current listing price is approximately 7% higher than the property's estimated value, which may impact buyer perception of value and potential financing.
Imminent Price Increase: The stated price is subject to increase after the first of the year, creating pressure for buyers and potentially limiting the window for the current reduced price.

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