550 Lorabel Way C, Simi Valley, California 93065, Simi Valley, 93065 - 3 bed, 3 bath
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Simi Valley, California 93065
This Turnkey Townhouse in the Summerside gated community is a Strong Value Opportunity, listed at $779,000—positioned well above the $685,321 Fair Market Value by -13%. While priced above current market estimates, the property features a Remodeled Kitchen and New Carpeting, earning a Good Condition Rating. Residents benefit from proximity to Top-Rated Wood Ranch Elementary and community pool access. This home offers a refined lifestyle for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing school district quality and security.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 Lorabel Way C Subject | $759,999* List Price | 3 | 3 | 1,347 | $505 | - |
A 528 Yarrow Drive Sold | $720,000 | 3 | 3 | 1,676 | $430 | 0.1 mi |
B 596 Fenwick Way C Sold | $780,000 | 3 | 3 | 1,507 | $518 | 0.0 mi |
C 510 Sonata Way B Active | $749,900 List Price | 3 | 3 | 1,599 | $469 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready with a recently remodeled kitchen featuring custom cabinetry, quartz counters, and stainless steel appliances. While the kitchen and new carpeting reflect 'excellent' standards, the 1998 build date and original-style bathroom vanities and vinyl flooring suggest the overall home fits the 'good' category (5-15y reno/well-maintained).
The property features a beautifully remodeled kitchen with custom cabinetry and a farmhouse sink, complemented by new carpeting and wood-style flooring for a move-in-ready feel.
Situated in the desirable Summerside gated community, the home offers enhanced security and is within walking distance to top-rated Wood Ranch Elementary and scenic hiking trails.
The spacious primary suite serves as a private retreat, featuring a walk-in closet, dual vanities, and a luxurious bathroom with a separate soaking tub and shower.
The association fee of $463 per month is a significant recurring expense that may impact the debt-to-income ratio for potential buyers.
The low-maintenance backyard and lack of a scenic view may be a drawback for buyers seeking a larger private yard or expansive vistas typical of the Wood Ranch area.
Nestled within the desirable Summerside GATED community in Wood Ranch, 550 Lorabel Way, Unit C, Simi Valley has an exceptional blend of comfort, style, and convenience. This beautifully updated two-story condominium, NEWLY CARPETED, features 3 bedrooms, 2.5 bathrooms, and approximately 1,347 square feet of thoughtfully designed living space. The remodeled kitchen showcases custom cabinetry, countertops, sink, and finishes, while wood-style flooring and a cozy fireplace create a warm and inviting atmosphere. Upstairs, the spacious primary suite includes a walk-in closet, dual vanities, and a luxurious bath with a separate shower and soaking tub. Additional highlights include plantation shutters, ceiling fans throughout, a smart thermostat, an attached two-car garage, and a private LOW MAINTENANCE BACKYARD ideal for relaxing or entertaining. Residents enjoy access to community amenities, including a pool and gated entry, all within close proximity to scenic hiking trails, parks, shopping, dining, and highly regarded schools.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 2.5 mi
Grades K-5 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,347 | 1,134 |
| Lot Size | 1,347 | 1,134 |
| Price | $760.0K | $617.4K |
| Price per sq ft | $564 | $442 |
| Built year | 1998 | 1984 |
| HOA | $463.0 | $542 |
| Days on market | 41 | 45 |
Jul 16, 2026
$759,999
$779,000
-2% Price Drop
Initial Listing
Jun 11, 2026
$779,000
Initial Listing
Sep 21, 2017
$495,500
Public Record
Jul 21, 2015
$425,000
Public Record
Sep 26, 2002
$300,000
Public Record
Jul 28, 1998
$169,000
Public Record