650 Calle Pensamiento, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$740,000
650 Calle Pensamiento, Thousand Oaks, California 91360
4Beds
2Baths
1,262Sqft
11,325Lot
Price Vs. Estimate
The estimated value ($740,000) is $0 (0%) lower than the list price ($740,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11325, living area = 1262.
Top Cons:
Solar Lease Obligation: The buyer must assume a 14-year solar lease, representing a long-term financial commitment that will add to monthly housing expenses.
Compared to the nearby listings
Price:$740.0K vs avg $1.09M ($-350,000)4%
Size:1,262 sqft vs avg 2,051 sqft10%
Price/sqft:$586 vs avg $54065%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this property is aged but appears maintained, as indicated by the 'house ready and clean' description. However, the 'as is preset conditions' clause suggests no further seller repairs. The kitchen features dated wood cabinets, standard appliances, and a mix of older and newer elements like a black subway tile backsplash and wood-look laminate flooring. Bathrooms are functional with some updated tiling but dated vanities and fixtures. Other areas show large ceramic tiles and basic light fixtures. While livable, the home requires significant aesthetic updates to modernize, aligning with the 'fair' category where major components are functional but show signs of being outdated and require minor updates or repairs.
Year Built
1960
Close
-
List price
$740K
Original List price
$879K
Price/Sqft
$586
HOA
-
Days on market
-
Sold On
-
MLS number
SR25052214
Home ConditionFair
Features
Patio
View-
About this home
house ready and clean, in the nice neighborhood with trees and big patio to build a second unit, buyer to take over solar lease 14 years left. property sales as is preset conditions.
Nearby schools
8/10
Weathersfield Elementary School
Public,•K-5•0.9mi
4/10
Glenwood Elementary School
Public,•K-5•1.3mi
7/10
Los Cerritos Middle School
Public,•6-8•1.5mi
7/10
Thousand Oaks High School
Public,•9-12•0.1mi
Condition Rating
Fair
Built in 1960, this property is aged but appears maintained, as indicated by the 'house ready and clean' description. However, the 'as is preset conditions' clause suggests no further seller repairs. The kitchen features dated wood cabinets, standard appliances, and a mix of older and newer elements like a black subway tile backsplash and wood-look laminate flooring. Bathrooms are functional with some updated tiling but dated vanities and fixtures. Other areas show large ceramic tiles and basic light fixtures. While livable, the home requires significant aesthetic updates to modernize, aligning with the 'fair' category where major components are functional but show signs of being outdated and require minor updates or repairs.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11325, living area = 1262.
Desirable Neighborhood: Located in a 'nice neighborhood with trees' within Thousand Oaks, a highly sought-after city known for its quality of life.
ADU Potential: The property features a 'big patio' and a generous 11,325 sqft lot, offering significant potential to build a second unit (ADU), which can add future value or rental income.
Move-in Ready Appearance: Described as 'house ready and clean,' suggesting a well-maintained and immediately habitable condition for new occupants.
Top-Rated Schools: Proximity to highly-rated schools, including Weathersfield Elementary (8/10) and Thousand Oaks High School (7/10), is a major draw for families.
Spacious Lot: The substantial 11,325 sqft lot provides ample outdoor space for recreation, landscaping, or future expansion beyond the existing structure.
Cons
Solar Lease Obligation: The buyer must assume a 14-year solar lease, representing a long-term financial commitment that will add to monthly housing expenses.
As-Is Sale Condition: Being sold 'as is preset conditions' means the seller will not make repairs, potentially exposing the buyer to unexpected costs for immediate maintenance or future upgrades.
Significant Price Reductions: Multiple price drops from an original $879,000 to the current $740,000 may indicate initial overpricing or market resistance, potentially affecting future appraisal or resale value perception.