4699 Summit Avenue, Simi Valley, California 93063, Simi Valley, 93063 - 4 bed, 4 bath

4699 Summit Avenue, Simi Valley, California 93063 home-pic-0
ACTIVE$1,399,000
4699 Summit Avenue, Simi Valley, California 93063
4Beds
4Baths
2,900Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($1,329,747.825) is $69,252.175 (4%) lower than the list price ($1,399,000). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Construction & Modern Design: The property is a brand new construction (Year 2025) offering modern farmhouse or Spanish Revival elevations, ensuring contemporary design, features, and minimal immediate maintenance.
Top Cons:
Ongoing Development Construction: As part of a 13-custom home development with 7 homes in Phase 2, buyers may experience noise, dust, and disruption from ongoing construction activities in the immediate vicinity.

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 property is a brand new construction with a projected build year of 2025. The description explicitly states 'Brand new construction' and the images show the property currently in the framing stage. Upon completion, all components, including the gourmet kitchen with a large center island and spa-like bathrooms, will be new, meeting current quality standards and offering modern styles and features. Buyers even have the opportunity to select finishes, ensuring a personalized, top-quality home 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
225001464
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 property is a brand new construction with a projected build year of 2025. The description explicitly states 'Brand new construction' and the images show the property currently in the framing stage. Upon completion, all components, including the gourmet kitchen with a large center island and spa-like bathrooms, will be new, meeting current quality standards and offering modern styles and features. Buyers even have the opportunity to select finishes, ensuring a personalized, top-quality home with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction & Modern Design: The property is a brand new construction (Year 2025) offering modern farmhouse or Spanish Revival elevations, ensuring contemporary design, features, and minimal immediate maintenance.
Spacious & Well-Appointed Floor Plan: Boasting 2900 sq ft with 4 bedrooms and 3.5 baths, the home features a gourmet kitchen with a large center island, a large family room, a luxurious primary suite with a spa-like bath, and an oversized upstairs laundry room.
Buyer Customization Opportunities: Purchasers have the unique advantage of selecting finishes such as countertops, backsplash, bathroom tile, and all flooring, allowing for personalized touches to their new home.
Energy Efficiency with Solar Panels: The inclusion of builder-supplied solar panels provides significant long-term energy cost savings and contributes to a more environmentally friendly lifestyle.
Attractive Price Reduction & Value Proposition: Currently offered at a drastically reduced price for a year-end sale, with the stated potential for price increases in the new year, presenting a timely investment opportunity.

Cons

Ongoing Development Construction: As part of a 13-custom home development with 7 homes in Phase 2, buyers may experience noise, dust, and disruption from ongoing construction activities in the immediate vicinity.
Substantial Monthly HOA Fees: The property carries a notable monthly association fee of $430.0, which adds a significant recurring cost to the overall homeownership expenses.
Two-Story Layout with All Bedrooms Upstairs: The floor plan places all four bedrooms on the upper level, which may not suit buyers preferring a downstairs primary suite or those with mobility considerations.

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