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533 Mark Drive, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath

533 Mark Drive, Simi Valley, California 93065 home-pic-0
ACTIVE$895,000
533 Mark Drive, Simi Valley, California 93065
4Beds
2Baths
1,692Sqft
10,018Lot

Price Vs. Estimate

The estimated value ($812,834.25) is $82,165.75 (9%) lower than the list price ($895,000). This property may be overpriced.

Key pros and cons

Top Pros:
Expansive Lot & Mature Landscaping: The generous 10,018 sq. ft. lot features a variety of mature fruit trees (avocado, orange, lemon, tangerine) and a separately fenced, gated upper level with a manicured lawn and automatic sprinklers, offering significant outdoor appeal and potential for gardening.
Top Cons:
Age of Property: Built in 1960, the property's age may suggest potential for outdated systems (e.g., plumbing, windows) or design aesthetics in areas not explicitly mentioned as recently renovated, which could require future investment.

Compared to the nearby listings

Price:$895.0K vs avg $855.0K (+$40,000)58%
Size:1,692 sqft vs avg 1,800 sqft42%
Price/sqft:$529 vs avg $48167%

More Insights

Built in 1960 (65 years old).
Condition: Built in 1960, this property has been well-maintained with some functional updates like central air/heat, recessed lighting, and an upgraded electrical panel. However, the kitchen features wood cabinets, speckled granite countertops, and dated patterned tile flooring, along with an older white gas range, suggesting renovations from 15-30 years ago rather than recent. Bathrooms also show similar older updates with wood vanities and granite-like counters, and some older light fixtures. While functional, these key areas are aesthetically outdated and would require minor to moderate updates to meet current buyer expectations.
Year Built
1960
Close
-
List price
$895K
Original List price
$959K
Price/Sqft
$529
HOA
-
Days on market
-
Sold On
-
MLS number
225004638
Home ConditionFair
Features
Good View: City Lights
Spa
Patio
ViewCity Lights

About this home

This stunning Tom Paul home is loaded with features. The 10,018 sq. ft. lot has 3 avocado, 1 orange, 1 lemon, and 1 tangerine tree. The back yard features a rolling wrought iron gate which gives access to two large out buildings with covered parking for at least three cars and is fully paved with concrete. The upper level is separately fenced and gated with a manicured lawn with automatic sprinklers. It also features a relaxing spa for those cool Simi Valley evenings. The home itself has a huge 25 X 17 living room with plenty of windows making it light and bright. The expansive family room with wood and gas burning fireplace has a great view of the back yard . The kitchen is very spacious with loads of cabinets, granite, and a garden window with a view. There also several ceiling fans, tons of linen storage, recessed lighting everywhere and of course central air and heat. Another great feature is the added laundry room with up graded electrical panel and again lots of added storage. The washer/ dryer/ and refrigerator are also included. This is a VIEW property

Nearby schools

5/10
Madera Elementary School
Public,•K-6•0.3mi
5/10
Sinaloa Middle School
Public,•6-8•0.1mi
6/10
Royal High School
Public,•9-12•0.8mi
Condition Rating
Fair
Built in 1960, this property has been well-maintained with some functional updates like central air/heat, recessed lighting, and an upgraded electrical panel. However, the kitchen features wood cabinets, speckled granite countertops, and dated patterned tile flooring, along with an older white gas range, suggesting renovations from 15-30 years ago rather than recent. Bathrooms also show similar older updates with wood vanities and granite-like counters, and some older light fixtures. While functional, these key areas are aesthetically outdated and would require minor to moderate updates to meet current buyer expectations.
Pros & Cons

Pros

Expansive Lot & Mature Landscaping: The generous 10,018 sq. ft. lot features a variety of mature fruit trees (avocado, orange, lemon, tangerine) and a separately fenced, gated upper level with a manicured lawn and automatic sprinklers, offering significant outdoor appeal and potential for gardening.
Extensive Auxiliary Structures & Parking: The backyard boasts a rolling wrought iron gate providing access to two large outbuildings with covered parking for at least three cars, fully paved with concrete, ideal for vehicle storage, workshops, or hobby space.
Comfort & Convenience Features: The home includes central air and heat, an upgraded electrical panel, recessed lighting, ceiling fans, and an added laundry room with ample storage. Essential appliances (washer, dryer, refrigerator) are also included, offering immediate move-in readiness.
Spacious Living Areas & Functional Kitchen: Features a huge 25x17 light-filled living room, an expansive family room with a wood and gas burning fireplace, and a very spacious kitchen with abundant cabinets, granite countertops, and a garden window, providing comfortable and practical living spaces.
Outdoor Entertainment & View: The property is designated as a 'VIEW property' and includes a relaxing spa in the backyard, enhancing its appeal for outdoor entertainment and enjoyment of Simi Valley evenings.

Cons

Age of Property: Built in 1960, the property's age may suggest potential for outdated systems (e.g., plumbing, windows) or design aesthetics in areas not explicitly mentioned as recently renovated, which could require future investment.
Price History & Market Perception: Multiple price reductions from an original list price of $959,000 to the current $895,000, coupled with an estimated value of $868,263.925, indicate potential market resistance or that the property may still be perceived as slightly overpriced.
Limited Renovation Details: While the kitchen is spacious and the electrical panel upgraded, the description lacks specific details on recent major renovations (e.g., bathrooms, flooring, windows) across the entire home, which might be a concern for buyers seeking fully modernized properties.

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