489 Mara Avenue, Ventura, California 93004, Ventura, 93004 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$795,000
489 Mara Avenue, Ventura, California 93004
3Beds
2Baths
1,244Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($795,000) is $0 (0%) lower than the list price ($795,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1244.
Top Cons:
History of Significant Price Reductions: The property has undergone multiple price reductions, dropping from an original list price of $925,000 to $795,000, which may raise questions about its initial valuation or market appeal.
Compared to the nearby listings
Price:$795.0K vs avg $875.0K ($-80,000)20%
Size:1,244 sqft vs avg 1,669 sqft11%
Price/sqft:$639 vs avg $51989%
More Insights
Built in 1959 (66 years old).
Condition: Built in 1959, the property is well-maintained and move-in ready, as indicated by the description and general appearance. However, the kitchen features dated dark wood cabinets and tile countertops, suggesting a renovation from 15-30 years ago, despite newer stainless steel appliances. While there are positive updates like 'newer windows and doors,' the overall aesthetic, particularly in the kitchen, is outdated. The carpeting in living areas appears clean but not modern. Without clear images of bathrooms, it's reasonable to assume they might also be dated. The property is functional but would benefit from cosmetic updates to align with current styles.
Year Built
1959
Close
-
List price
$795K
Original List price
$925K
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
V1-31708
Home ConditionFair
Features
Patio
View-
About this home
Sweet 3Bed 2 bath on large lot. Well maintained move in condition. Rock fire place, Newer windows and doors. .Large park like yard. Wonderful neighborhood close to shopping and schools.
Condition Rating
Fair
Built in 1959, the property is well-maintained and move-in ready, as indicated by the description and general appearance. However, the kitchen features dated dark wood cabinets and tile countertops, suggesting a renovation from 15-30 years ago, despite newer stainless steel appliances. While there are positive updates like 'newer windows and doors,' the overall aesthetic, particularly in the kitchen, is outdated. The carpeting in living areas appears clean but not modern. Without clear images of bathrooms, it's reasonable to assume they might also be dated. The property is functional but would benefit from cosmetic updates to align with current styles.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1244.
Move-in Ready Condition: The property is described as 'well maintained' and in 'move in condition', suggesting immediate occupancy without the need for significant initial repairs or renovations.
Generous Lot Size: Boasting a 'large lot' of 8276 sqft and a 'large park like yard', the property offers ample outdoor space for recreation, gardening, or potential expansion.
Key Upgrades: The inclusion of 'newer windows and doors' represents significant recent investments, enhancing energy efficiency, curb appeal, and overall comfort.
Prime Neighborhood Location: Situated in a 'wonderful neighborhood close to shopping and schools', the property benefits from convenient access to essential amenities and a desirable community setting.
Charming Architectural Feature: A 'rock fire place' adds character and a cozy focal point to the living space, appealing to buyers seeking traditional charm.
Cons
History of Significant Price Reductions: The property has undergone multiple price reductions, dropping from an original list price of $925,000 to $795,000, which may raise questions about its initial valuation or market appeal.
Lack of Desirable Views: The property explicitly states 'view:None', indicating an absence of scenic or panoramic vistas that could otherwise enhance its value and desirability in the Ventura market.
Age of Property: Built in 1959, while well-maintained, the property's age may imply older underlying systems (e.g., plumbing, electrical, HVAC not mentioned) or a layout that might not fully align with modern buyer preferences without further updates.