5045 Wagner Way, Oak Park, California 91377, Oak Park, 91377 - 5 bed, 4 bath
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Oak Park, California 91377
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $2,099,000—positioned well below the $2,140,584 Fair Market Value by 2%. This valuation gap offers $41,584 in Instant Equity. With a Condition Rating of 4, the home features a 17,424 SF lot, heated pool, and mountain views. Located in the Oak Park Unified School District with a 10/10 rated high school, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5045 Wagner Way Subject | $2,099,000* List Price | 5 | 4 | 3,338 | $641 | - |
A 1399 N Lafitte Drive Sold | $1,805,000 | 4 | 3 | 2,502 | $721 | 0.0 mi |
B 5032 Pathfinder Avenue Active Under Contract | $1,689,000 List Price | 4 | 4 | 3,231 | $523 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the property is well-maintained but largely dated. While it features fresh interior paint and recent exterior improvements like turf and epoxy garage floors, the kitchen and bathrooms appear to be over 20 years old, featuring dated blue tile countertops and oak cabinetry. The presence of parquet flooring and older ceramic tile further indicates that while move-in ready, the home requires significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 3338.
High School: Oak Park High School (10/10).
Situated on a nearly 18,000 SF lot, the backyard features a heated pool, putting green, built-in BBQ, and scenic mountain views, offering rare scale and privacy for the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
While refreshed with paint, the 1987 interior features a traditional closed layout between the kitchen and family room that may require remodeling to achieve a modern open-concept feel.
With 58 days on the market and multiple price reductions from the original list price, the property may face perceived value challenges in the current competitive landscape.
*Ask us how this property may qualify for below market financing* Welcome to 5045 Wagner Way, tucked at the end of a quiet cul-de-sac in highly coveted Morrison Sutton Valley. Set on a sprawling nearly 18,000 SF lot and framed by scenic mountain views, this property offers an exceptional outdoor setting that is increasingly hard to find.The backyard is the true centerpiece. Thoughtfully expanded and improved over time, the grounds offer multiple newly leveled areas designed for entertaining, play, and everyday living. A spacious heated pool, framed by classic red brick and enhanced with a water feature and LED lighting, creates a warm and inviting focal point. An elevated putting green adds a fun and functional element, while the surrounding space offers endless possibilities to host, unwind, or simply take in the peaceful setting with mountain views.A built-in BBQ area with sink and tiled countertop makes outdoor dining effortless, while decorative lighting casts a soft glow across the yard in the evenings. Toward the rear of the property, a charming gazebo offers a quiet retreat with potential for a future ADU or detached structure. The oversized side yard provides additional flexibility, currently featuring a storage structure and basketball hoop, with ample space for a sport court or expanded recreation area. Turf installed approximately four years ago enhances the clean, low-maintenance appeal, and a custom dual covered dog kennel adds a thoughtful touch for pet owners.Inside, the home offers over 3,300 SF with 5 bedrooms and 3 bathrooms, complemented by fresh paint throughout the entire interior, creating a bright and refreshed feel. A main level bedroom with an ensuite bathroom also serves as an ideal pool bath for guests. The layout is functional and well proportioned, with soaring two-story ceilings at entry, a formal living and dining room, and a family room with fireplace that offers the opportunity to open to the kitchen and create a more modern, connected space.Upstairs, the primary suite features a fireplace, sitting area, walk-in closet, and views overlooking the backyard and surrounding mountains. Three additional bedrooms complete the upper level.A long driveway leads to a three-car garage with direct access, recently upgraded with sleek epoxy flooring, offering both functionality and a clean, finished look.Located within one of Oak Park's most desirable communities, known for its quiet streets, low HOA, and close proximity to award-winning schools, neighborhood parks, hiking trails, and local shopping and dining, this is a rare opportunity to reimagine a home in a truly exceptional setting.
No exterior & parking available.
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,338 | 2,368.5 |
| Lot Size | 17,424 | 6,990.5 |
| Price | $2.10M | $1.33M |
| Price per sq ft | $629 | $618 |
| Built year | 1987 | 1986 |
| HOA | $310.0 | $200 |
| Days on market | 86 | 53 |
Jun 21, 2026
$2,099,000
$2,150,000
-2% Price Drop
Initial Listing
May 30, 2026
$2,150,000
$2,195,000
-2% Price Drop
Initial Listing
Apr 27, 2026
$2,195,000
Initial Listing
Oct 28, 2021
$1,560,000
Public Record
Nov 30, 2004
$1,390,000
Public Record