700 Thomas Street, Oak View, California 93022, Oak View, 93022 - 4 bed, 4 bath
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Oak View, California 93022
This Expansive Ojai Valley Estate is a Strong Value Opportunity, listed at $2,100,000—positioned well below the $2,249,299 Fair Market Value by 6%. This valuation gap offers $149,299 in Instant Equity for buyers. Boasting a Condition Rating of 4, the 4,000-square-foot residence features vaulted beamed ceilings and panoramic mountain views across 3.15 private acres. With significant upside through interior modernization of its 1987 finishes, this property is an ideal acquisition for Owner-Occupants seeking a secluded sanctuary or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Thomas Street Subject | $2,100,000* List Price | 4 | 4 | 4,006 | $561 | - |
A 10681 Encino Drive Active | $2,200,000 List Price | 4 | 4 | 3,602 | $611 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and functional but reflects its 1987 construction with largely original finishes. The kitchen features dated oak cabinetry and white tile countertops, and the overall interior style, including the flooring and fixtures, shows signs of being outdated. While the home offers significant architectural character and is move-in ready, it requires modernization to meet current luxury standards, particularly given the limited number of full bathrooms for a 4,000-square-foot residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 137214, living area = 4006.
Situated on approximately 3.15 acres, this property offers rare scale and privacy within the Ojai Valley, providing a secluded retreat with significant outdoor potential.
The 4,000 sqft residence features soaring vaulted beamed ceilings and expansive walls of windows that capture unobstructed, panoramic views of the Sulphur Mountain range and valley.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =137214, other record lot size in square feet = 142876.
Despite having four bedrooms and over 4,000 square feet of living space, the home only includes two full bathrooms, which may be insufficient for modern luxury buyer expectations.
Constructed in 1987, the property may require aesthetic or systemic updates to align with contemporary design trends and justify the $2.1 million price point.
Best Buy Opportunity in the Ojai Valley. A rare offering that combines scale, privacy, and natural beauty across approximately 3.15 acres. Spanning roughly 4,000 square feet, this expansive residence features four bedrooms, two full baths, and two half baths, thoughtfully designed to embrace the Ojai Valley lifestyle. The open and flowing floor plan is enhanced by soaring vaulted and beamed ceilings, abundant natural light, and timeless architectural character throughout. Walls of windows frame sweeping, unobstructed views of the Sulphur Mountain range and the valley below, creating a seamless connection between indoor living and the surrounding landscape.Adding to the property's appeal, an adjacent approximately 4.42 acre parcel is also available for $750,000. This parcel offers an existing water meter and a recorded parcel map outlining established easements for utilities and access. Adjacent to but not part of the Saddle Mountain HOA, the property provides flexibility while maintaining proximity to one of Ojai's most desirable settings. A compelling value and a unique opportunity to secure space, views, and long term potential in the Ojai Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 4.0 | 2.0 | 86% |
| Square foot | 4,006 | 1,389.5 | 91% |
| Lot Size | 137,214 | 9,698 | 95% |
| Price | $2.10M | $967.5K | 91% |
| Price per sq ft | $524 | $669 | 27% |
| Built year | 1987 | 1962 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 172 | 5% |
Mar 25, 2026
$2,100,000
Initial Listing