515 Houston Drive, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 3 bed, 3 bath
515 Houston Drive
Thousand Oaks, California 91360
Property Price
SUMMARY
Analysis of 515 Houston Drive, Thousand Oaks, California 91360 reveals a property with a current list price of $871,995, which is 8% above the estimated $794,952 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Thousand Oaks Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1980, this home shows its age with largely original or very dated components. The kitchen features outdated wood cabinets, laminate countertops, white tile flooring, and a fluorescent box light. The primary bathroom also has dated wood cabinets and tile. While the HVAC system was recently upgraded in 2023, and some secondary bathrooms have minor cosmetic updates (newer vanities), the overall aesthetic, worn carpets, and older light fixtures indicate a need for significant cosmetic and functional updates to meet current standards. The property is functional but clearly requires renovation to modernize.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location
Situated in Thousand Oaks, a 'sought-after neighborhood' within the 'Thousand Oaks East' area, offering strong community appeal and potential for appreciation.
- Recent HVAC Upgrade
The HVAC system was recently upgraded in 2023, providing modern climate control and reducing immediate maintenance concerns for the new homeowner.
- Primary Suite Balcony
The primary suite features a private balcony, offering a dedicated outdoor space for relaxation and enhancing the home's lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Potential for Updates
Described as 'full of future possibilities' and a 'great foundation to make it your own,' indicating the home likely requires cosmetic or functional updates to align with modern buyer preferences.
- Older Construction Year
Built in 1980, the property is over 40 years old, suggesting that some original components (e.g., plumbing, electrical, windows) may be dated or nearing the end of their useful life, potentially requiring future investment.
- Smaller Lot Size
With a lot size of 4791 sqft, the property offers limited outdoor space, which may not appeal to buyers seeking a larger yard for recreation or extensive landscaping.
About 515 Houston Drive
Discover this 3-bedroom, 3-bath two-story home full of future possibilities. The primary suite overlooks a private balcony, perfect for morning coffee or quiet evenings. The living area invites comfort with a charming fireplace, and the HVAC system was recently upgraded in 2023 for added peace of mind. The home offers a great foundation for you to make it your own in a sought-after neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 4,791 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Thousand Oaks Unified Schools
Glenwood Elementary School
Grades K-5 • 0.6 mi
Conejo Elementary School
Grades K-5 • 1.2 mi
Colina Middle School
Grades 6-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 35% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,120 | 2,135 | 50% |
| Lot Size | 4,791 | 9,800.5 | 3% |
| Price | $872.0K | $1.11M | 19% |
| Price per sq ft | $411 | $543 | 9% |
| Built year | 1980 | 1970 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 167 | 25% |
Pricing History
Listed for Sale
Nov 6, 2025
$871,995
Initial Listing