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718 Tranquil Lane, Simi Valley, California 93065, Simi Valley, 93065 - 4 bed, 2 bath

718 Tranquil Lane, Simi Valley, California 93065 home-pic-0
ACTIVE$1,245,000
718 Tranquil Lane, Simi Valley, California 93065
4Beds
2Baths
1,711Sqft
25,700Lot

Price Vs. Estimate

The estimated value ($1,206,298.235) is $38,701.765 (3%) lower than the list price ($1,245,000). 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 = 25700, living area = 1711.
Top Cons:
Age of Property & Potential for Updates: Built in 1977, the property may have original systems or components (e.g., HVAC, roof, windows) that could require future updates or maintenance not explicitly detailed in the description.

Compared to the nearby listings

Price:$1.25M vs avg $855.0K (+$390,000)81%
Size:1,711 sqft vs avg 1,800 sqft43%
Price/sqft:$728 vs avg $48198%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, this property has undergone significant updates that elevate its condition. The kitchen is a major highlight, featuring a modern farmhouse style with white shaker cabinets, white countertops, a large farmhouse sink, stainless steel appliances, and contemporary lighting, suggesting an extensive renovation within the last 5-10 years. The hall bath is described as 'remodeled,' and while its tile and vanity style might be slightly older than the kitchen, it is functional and well-maintained. Key system upgrades include a tankless water heater replaced in 2021 and an owned solar system. The consistent wood-look laminate flooring throughout the main living areas and bedrooms contributes to a cohesive and updated feel. The property is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
Year Built
1977
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$728
HOA
$50
Days on market
-
Sold On
-
MLS number
225005304
Home ConditionGood
Features
Good View: Hills
Deck
ViewHills

About this home

Welcome to this Homesteader's dream house set in the sought-after Bridle Path neighborhood of Simi Valley. This property lets you live off the land while still enjoying all the conveniences of suburban living. Sitting on over half an acre, it features a 4 bedroom, 2 bath home, 700 sq. ft. of raised gardening beds, large chicken coop, a two-stall barn with tack room, room for a 100ft x 40ft arena, and two additional stalls. The charming farmhouse-style residence boasts a large open kitchen with plenty of storage and a huge island designed for prep work or entertaining. A spacious dining room is perfect for holidays and celebrations. The inviting living room is where you'll want to cozy up, accented by warm wood floors throughout. The master suite includes a walk-in closet and an en suite bath with large vanity and shower stall. Three additional bedrooms and a remodeled hall bath with shower over tub round out the home. Outside, enjoy a raised back porch overlooking the yard and beyond--your private oasis for creating a true homestead.Attached 2 car garage has an addtional 12ft x 18ft Man Cave room. House has owned solar system. Water heater was replaced to tankless in 2021.

Nearby schools

5/10
Madera Elementary School
Public,•K-6•1.0mi
4/10
Crestview Elementary School
Public,•K-6•1.8mi
5/10
Sinaloa Middle School
Public,•6-8•0.9mi
5/10
Hillside Middle School
Public,•6-8•1.6mi
6/10
Royal High School
Public,•9-12•1.0mi
Condition Rating
Good
Built in 1977, this property has undergone significant updates that elevate its condition. The kitchen is a major highlight, featuring a modern farmhouse style with white shaker cabinets, white countertops, a large farmhouse sink, stainless steel appliances, and contemporary lighting, suggesting an extensive renovation within the last 5-10 years. The hall bath is described as 'remodeled,' and while its tile and vanity style might be slightly older than the kitchen, it is functional and well-maintained. Key system upgrades include a tankless water heater replaced in 2021 and an owned solar system. The consistent wood-look laminate flooring throughout the main living areas and bedrooms contributes to a cohesive and updated feel. The property is move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
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 = 25700, living area = 1711.
Unique Equestrian/Homestead Amenities: The property offers exceptional features for an equestrian or homesteader lifestyle, including a two-stall barn with tack room, space for a 100ft x 40ft arena, a large chicken coop, and 700 sq. ft. of raised gardening beds on over half an acre.
Owned Solar System: The presence of an owned solar system provides significant long-term energy cost savings and environmental benefits, enhancing the property's value and appeal.
Updated Interior Features: The home boasts a large open kitchen with a huge island, a remodeled hall bath, and a recently replaced tankless water heater (2021), offering modern conveniences.
Desirable Location & Spacious Lot: Situated in the sought-after Bridle Path neighborhood on a generous lot exceeding half an acre, providing both community appeal and expansive private outdoor space.
Versatile Additional Space: An attached 12ft x 18ft 'Man Cave' room within the 2-car garage adds valuable flexible living, hobby, or storage space.

Cons

Age of Property & Potential for Updates: Built in 1977, the property may have original systems or components (e.g., HVAC, roof, windows) that could require future updates or maintenance not explicitly detailed in the description.
High Maintenance for Specialized Features: The extensive homestead and equestrian amenities, while unique, will require significant ongoing time, effort, and financial investment for proper upkeep and maintenance.
Listing Price Exceeds Estimated Value: The current listing price is approximately 8% higher than the property's estimated value, which could impact buyer perception and negotiation leverage.

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