688 Velarde Drive, Thousand Oaks, California 91360, Thousand Oaks, 91360 - 3 bed, 3 bath
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688 Velarde Drive
Thousand Oaks, California 91360
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,936Sq Ft
7,840Lot Size
Property Price
LIST PRICE$1,049,900
EST. MARKET VALUE
$1,087,785
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home represents a Strong Value Opportunity, listed at $1,049,900—positioned well below the $1,087,786 Fair Market Value by 3%. This valuation gap provides $37,886 in Instant Equity. Featuring a remodeled kitchen, mountain views, and gated RV access, the property maintains a Condition Rating of 2, ensuring a turnkey experience. Located in the sought-after Wildwood community within the Conejo Valley Unified district, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$1,087,785+$37,885 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Thousand Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 688 Velarde Drive Subject 3 bd · 3 ba · 1,936 sqft · $562 | $1,049,900* List Price | 3 | 3 | 1,936 | $562 | - |
A 672 Garland Court Sold 4 bd · 3 ba · 2,150 sqft · $588 · 0.2 mi | $1,265,000 | 4 | 3 | 2,150 | $588 | 0.2 mi |
B 295 Odebolt Drive Sold 4 bd · 2 ba · 2,223 sqft · $497 · 0.7 mi | $1,104,000 | 4 | 2 | 2,223 | $497 | 0.7 mi |
C 206 Cedar Heights Drive Sold 3 bd · 2 ba · 1,611 sqft · $683 · 0.9 mi | $1,100,000 | 3 | 2 | 1,611 | $683 | 0.9 mi |
D 393 Larcom Street Sold 5 bd · 3 ba · 2,226 sqft · $430 · 0.6 mi | $957,000 | 5 | 3 | 2,226 | $430 | 0.6 mi |
E 251 Larcom Street Sold 4 bd · 3 ba · 1,986 sqft · $504 · 0.7 mi | $1,000,000 | 4 | 3 | 1,986 | $504 | 0.7 mi |
F 2624 Velarde Drive Sold 5 bd · 3 ba · 2,382 sqft · $414 · 0.1 mi | $985,000 | 5 | 3 | 2,382 | $414 | 0.1 mi |
G 602 Lotus Ave. Sold 3 bd · 2 ba · 1,889 sqft · $662 · 0.7 mi | $1,250,000 | 3 | 2 | 1,889 | $662 | 0.7 mi |
H 904 Silver Cloud Street Sold 4 bd · 2 ba · 1,386 sqft · $667 · 0.5 mi | $925,000 | 4 | 2 | 1,386 | $667 | 0.5 mi |
I 2676 Castillo Circle Active 4 bd · 2 ba · 1,566 sqft · $701 · 0.3 mi | $1,098,000 List Price | 4 | 2 | 1,566 | $701 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1968, the property has undergone a comprehensive recent remodel (likely within the last 5 years) as evidenced by the modern kitchen with quartz countertops, newer cabinetry/appliances, and updated bathrooms. The interior features contemporary flooring, recessed lighting, and mint-condition finishes, meeting the criteria for a high-end renovation with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7840, living area = 1936.
- Modern Interior Upgrades
The property features a stylishly remodeled kitchen with quartz countertops and newer appliances, along with a renovated primary suite, offering a move-in-ready experience for modern buyers.
- Exceptional Utility and Storage
A rare and highly desirable gated, paved RV access area combined with a spacious 3-car garage provides significant value for homeowners with multiple vehicles or outdoor recreational equipment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7840, other record lot size in square feet = 8225.
- Vintage Structural Era
Built in 1968, the home may have older underlying infrastructure or systems typical of its age that have not been fully modernized despite the cosmetic interior renovations.
- Recent Market Valuation
The current list price is positioned lower than the property's most recent sale price from July 2024, which may suggest a correction in local market demand or specific appraisal considerations.
About 688 Velarde Drive
Beautifully remodeled and ideally located in the sought-after Wildwood community of Thousand Oaks, this stunning 3-bedroom, 2.5-bath home offers 1,936 square feet of stylish living space, beautiful mountain views, and an enormous gated RV access area. Conveniently located near Wildwood Elementary School and Wildflower Playfield, this home combines comfort, convenience, and exceptional functionality. A spacious 3-car garage and large front balcony add to the impressive appeal. Inside, the expansive living room features dramatic floor-to-ceiling windows, while the inviting family room offers a beautifully tiled fireplace and slider opening to the private backyard. The gorgeous remodeled kitchen features quartz countertops, newer cabinetry and appliances, plus a slider to the side yard. Upstairs, the spacious primary suite enjoys mountain views and a beautifully remodeled bath with a walk-in shower and two closets, including a generous walk-in. Two additional bedrooms share access to a large balcony. The drought-tolerant front yard is attractive and low maintenance, while the private backyard features a large patio and plenty of grass for relaxing or entertaining. The gated, paved RV access is a rare and highly desirable bonus!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 7,840 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 1,936 | 2,127.858 |
| Lot Size | 7,840 | 9,656.536 |
| Price | $1.05M | $1.15M |
| Price per sq ft | $542 | $559 |
| Built year | 1968 | 1974 |
| HOA | $0 | $200 |
| Days on market | 3 | 50 |
Pricing History
Listed for Sale
Oct 21, 2026
$1,049,900
Initial Listing
Sold
Jul 10, 2024
$1,075,000
Public Record
Sold
Nov 17, 2005
$710,000
Public Record
Sold
Apr 2, 2002
$400,000
Public Record