5368 Rainwood Street 65, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath
ACTIVE UNDER CONTRACT$595,000
5368 Rainwood Street 65, Simi Valley, California 93063
3Beds
3Baths
1,299Sqft
1,299Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
End Unit Advantage: As an end unit, the property benefits from increased privacy, more natural light, and fewer shared walls, enhancing its desirability.
Top Cons:
Significant Price Reduction History: The property has undergone multiple price reductions from its original list price of $659,900 to $595,000, which may indicate market resistance or initial overpricing.
Compared to the nearby listings
Price:$595.0K vs avg $615.0K ($-20,000)44%
Size:1,299 sqft vs avg 1,394 sqft44%
Price/sqft:$458 vs avg $44861%
More Insights
Built in 1985 (40 years old).
Condition: Built in 1985, this property has undergone significant cosmetic renovations, particularly in the kitchen and bathrooms, which appear to be updated within the last 5-15 years. The kitchen features modern stainless steel appliances, a farmhouse sink, and white shaker-style cabinets. Bathrooms have newer fixtures and recessed lighting. Other updates include plantation shutters, crown molding, and recessed lighting in living areas. While the property is 39 years old and lacks central air conditioning (a notable weakness), the extensive and recent cosmetic upgrades make it move-in ready with a modern aesthetic, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1985
Close
-
List price
$595K
Original List price
$660K
Price/Sqft
$458
HOA
$380
Days on market
-
Sold On
-
MLS number
225003865
Home ConditionGood
Features
Patio
View-
About this home
Great location! End unit with a very large covered patio area with a ceiling fan. Light & bright interior. Living room has a fireplace with vaulted ceilings and recessed lighting. There is a spacious kitchen & dining area. Kitchen has stainless appliances with a large farmhouse sink. The kitchen also has a pantry area and recessed lighting. All bedrooms have ceiling fans & mirrored closet doors. Primary bedroom with closet organizers. Primary bath has newer fixtures & recessed lighting. Hall bath also has newer fixtures, recessed lighting plus a linen closet. Beautiful plantation shutters throughout. Crown molding downstairs and in the bedrooms. 2 car garage with direct access and lots of built in storage. Low HOA dues. Great end unit!!
Condition Rating
Good
Built in 1985, this property has undergone significant cosmetic renovations, particularly in the kitchen and bathrooms, which appear to be updated within the last 5-15 years. The kitchen features modern stainless steel appliances, a farmhouse sink, and white shaker-style cabinets. Bathrooms have newer fixtures and recessed lighting. Other updates include plantation shutters, crown molding, and recessed lighting in living areas. While the property is 39 years old and lacks central air conditioning (a notable weakness), the extensive and recent cosmetic upgrades make it move-in ready with a modern aesthetic, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons
Pros
End Unit Advantage: As an end unit, the property benefits from increased privacy, more natural light, and fewer shared walls, enhancing its desirability.
Extensive Interior Upgrades: The home features vaulted ceilings, recessed lighting, a fireplace, beautiful plantation shutters, and crown molding, contributing to a modern and polished aesthetic.
Modernized Kitchen: The kitchen is well-appointed with stainless steel appliances, a large farmhouse sink, a pantry area, and recessed lighting, offering both style and functionality.
Desirable Outdoor Living Space: A very large covered patio area with a ceiling fan provides an excellent extension of living space for relaxation and entertaining.
Practical Amenities & Low HOA: Includes a 2-car direct-access garage with built-in storage and benefits from low HOA dues, adding significant value and convenience.
Cons
Significant Price Reduction History: The property has undergone multiple price reductions from its original list price of $659,900 to $595,000, which may indicate market resistance or initial overpricing.
Potential for System Updates (Age): Built in 1985, while cosmetically updated, major systems (e.g., HVAC, plumbing, electrical) may be original or nearing the end of their lifespan, potentially requiring future investment.
Lack of Central Air Conditioning: The description mentions ceiling fans but does not specify central air conditioning, which could be a significant comfort drawback during warmer months in Simi Valley.