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685 Shadow Lake Drive, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 2 bed, 3 bath

685 Shadow Lake Drive, Thousand Oaks, California 91360 home-pic-0
ACTIVE$650,000
685 Shadow Lake Drive, Thousand Oaks, California 91360
2Beds
3Baths
1,950Sqft
2,178Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment & Value Opportunity: Positioned as an 'Investor's Dream' and the 'lowest-priced home in the area,' offering significant potential for value creation through renovation and customization.
Top Cons:
Requires Extensive Renovation: Explicitly described as a 'fixer,' indicating the property is in 'as-is' condition and will require substantial investment and effort for modernization and repairs.

Compared to the nearby listings

Price:$650.0K vs avg $755.0K ($-105,000)25%
Size:1,950 sqft vs avg 1,497 sqft92%
Price/sqft:$333 vs avg $50117%

More Insights

Built in 1978 (47 years old).
Condition: Built in 1978, this property is explicitly described as a 'fixer' requiring 'extensive renovation.' The interior image confirms dated aesthetics, including worn carpet on the spiral staircase, suggesting significant deferred maintenance and outdated systems. While no specific images of the kitchen or bathrooms are provided, the overall condition and description indicate these areas would also require substantial repairs and modernization, aligning with the 'poor' condition criteria.
Year Built
1978
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$333
HOA
$435
Days on market
-
Sold On
-
MLS number
225002881
Home ConditionPoor
Features
View-

About this home

Investor's Dream Opportunity!Unlock the full potential of this unique property--bring your imagination and transform this home to match your vision. Priced to sell, it's the lowest-priced home in the area!A spacious, expanded entryway welcomes you into a dramatic floor plan featuring soaring ceilings and distinctive circular architectural elements, including a striking spiral staircase. The open layout offers a circular breakfast bar, eat-in kitchen, and a convenient laundry room with direct access to a 2-car attached garage.Enjoy enhanced privacy with bedrooms thoughtfully placed apart, and the versatile loft can easily be enclosed to create a third bedroom or office space.The possibilities are endless--don't miss out on this one-of-a-kind opportunity! This home is a fixer and price is reflected in the condition.Very convenient location; close proximity to Freeway, Schools, Hospital, Shopping, Park, Place of Worship, and Public​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ Transportation.

Nearby schools

5/10
Acacia Elementary School
Public,•K-5•1.2mi
6/10
Redwood Middle School
Public,•6-8•0.9mi
7/10
Thousand Oaks High School
Public,•9-12•2.1mi
Condition Rating
Poor
Built in 1978, this property is explicitly described as a 'fixer' requiring 'extensive renovation.' The interior image confirms dated aesthetics, including worn carpet on the spiral staircase, suggesting significant deferred maintenance and outdated systems. While no specific images of the kitchen or bathrooms are provided, the overall condition and description indicate these areas would also require substantial repairs and modernization, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Investment & Value Opportunity: Positioned as an 'Investor's Dream' and the 'lowest-priced home in the area,' offering significant potential for value creation through renovation and customization.
Exceptional Location: Highly convenient location with close proximity to freeways, schools, hospital, shopping, parks, places of worship, and public transportation.
Distinctive Architectural Features: Boasts a dramatic floor plan with soaring ceilings, unique circular architectural elements, and a striking spiral staircase, providing character and a spacious feel.
Flexible Living Space: Features a versatile loft easily convertible into a third bedroom or office, enhancing the property's functionality and appeal for various needs.
Access to Quality Schools: Located within a district served by well-rated public schools, including Redwood Middle (6/10) and Thousand Oaks High (7/10), appealing to families.

Cons

Requires Extensive Renovation: Explicitly described as a 'fixer,' indicating the property is in 'as-is' condition and will require substantial investment and effort for modernization and repairs.
Property Age & Potential Obsolescence: Built in 1978, the home is over four decades old, suggesting potential for outdated systems, finishes, and deferred maintenance contributing to its 'fixer' status.
Significant Monthly HOA Dues: The property incurs a notable monthly association fee of $435.00, which adds a recurring cost to homeownership.

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