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$1,099,900
EST. MARKET VALUE
$1,134,251
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,099,900—positioned well below the $1,134,251 Fair Market Value by 3%. This valuation gap offers $34,351 in Instant Equity for the buyer. Featuring a remodeled kitchen, mountain views, and gated RV access, the property maintains an Excellent Condition Rating. Located in the sought-after Wildwood community within the Conejo Valley Unified district, this home is an ideal acquisition for Owner-Occupants or discerning families seeking a turnkey lifestyle.
Estimated Market Value
$1,134,251+$34,351 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 | $1,099,900* List Price | 3 | 3 | 1,936 | $586 | - |
A 672 Garland Court Sold | $1,265,000 | 4 | 3 | 2,150 | $588 | 0.2 mi |
B 295 Odebolt Drive Sold | $1,104,000 | 4 | 2 | 2,223 | $497 | 0.7 mi |
C 2839 Trillium Street Sold | $1,200,000 | 4 | 3 | 1,900 | $632 | 0.5 mi |
D 2630 Velarde Drive Sold | $1,375,000 | 4 | 3 | 2,271 | $605 | 0.2 mi |
E 251 Larcom Street Sold | $1,000,000 | 4 | 3 | 1,986 | $504 | 0.7 mi |
F 3001 Sunflower Sold | $1,330,000 | 4 | 3 | 2,150 | $619 | 0.4 mi |
G 3117 Saddleback Court Sold | $1,199,000 | 4 | 2 | 2,055 | $583 | 0.5 mi |
H 904 Silver Cloud Street Sold | $925,000 | 4 | 2 | 1,386 | $667 | 0.5 mi |
I 2846 Columbine Court Active | $984,999 List Price | 3 | 2 | 1,639 | $601 | 0.2 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, high-end remodel within the last 5 years. The kitchen and bathrooms are fully updated with modern finishes like quartz countertops and newer cabinetry. The interior features updated flooring, recessed lighting, and contemporary fixtures, placing it in mint, move-in-ready condition.
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 Renovations
The home features a beautifully remodeled kitchen with quartz countertops and newer appliances, along with an updated primary suite, offering a contemporary move-in ready experience.
- Exceptional Utility & Storage
A rare gated RV access area combined with a spacious three-car garage provides significant added value for homeowners with multiple vehicles, boats, or outdoor gear.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally built in 1968, the property may require ongoing maintenance or updates to underlying systems like plumbing and electrical that are typical for homes of this era.
- Limited Bedroom Count
With only three bedrooms for nearly 2,000 square feet of living space, the layout may be less competitive for larger families seeking more private rooms within this price point.
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 | 2.7 |
| Square foot | 1,936 | 2,074.024 |
| Lot Size | 7,840 | 9,277.097 |
| Price | $1.10M | $1.15M |
| Price per sq ft | $568 | $564 |
| Built year | 1968 | 1974 |
| HOA | $0 | $191 |
| Days on market | 5 | 50 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,099,900
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