NOT LISTED FOR SALE

531 Ridgeline Dr Oak View, CA 93022

Estimated Value: $1,271,000 - $1,512,000

3 Beds
3 Baths
2,000 Sq Ft
$675/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $1,275,000 $638 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,486/month

Highlights

  • 0.55 Acre Lot
  • Attached Garage
  • Forced Air Heating System
  • Ranch Style House
  • Patio
  • Back and Front Yard Fenced

About This Home

As of November 2024

With an elevated setting and a desirable corner location within Oak Ranch Estates, this unique custom-built home was constructed in 1987; almost 8 years after the surrounding homes of the subdivision were completed. The .55-acre parcel enjoys a west-facing orientation and a generous separation from neighbors. That feeling of expansiveness continues inside the split-level home where the wood tongue & groove vaulted ceilings add spaciousness to the open-concept living room. The bright and updated kitchen features quartz counters, and both full bathrooms feature stone or tile counters and showers. Staying cool is easy with the new HVAC replaced in 2021. Fenced for extra privacy, the enormous and beautifully landscaped rear yard includes wrap around raised deck, detached covered patio for outdoor dining & entertaining, rose gardens & room for a horse on site, or in the neighboring HOA corrals for an extra fee. The oversized garage features convenient bath plus workshop area. On the market for the first time in 25 years, this well-maintained property offers the whole package!

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 0.55 Acre Lot
  • Back and Front Yard Fenced
  • Property is zoned RE20

Parking

  • Attached Garage

Home Design

  • 2,000 Sq Ft Home
  • Ranch Style House
  • Wood Siding
  • Stucco Exterior

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Patio
  • Forced Air Heating System

Listing and Financial Details

  • Exclusions: Corrals
  • Assessor Parcel Number 0340211125

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Fencing Wire Fence: Front, Rear
  • PersPropExcluded: Corrals
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Transaction Type: Sale
  • Type Of Garage: Attached Garage
  • Days On Market: No
  • Master Plan Zoning: RE20
  • Property Style: Ranch
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Appliances: Gas, Electric, Range/Oven, Dishwasher, Garbage Disposer

Exterior Features

  • Exterior: Stucco, Wood

Utilities

  • Heating: Forced Air

Association/Amenities

  • Patio: Uncovered

Schools

  • Junior High Dist: Ventura

Lot Info

  • Irrigation Water Rights Acres: 0.5515
  • Lot Size Sq Ft: 24024.00

Tax Info

  • Assessor Parcel Number: 0340211125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Oct 10, 2024
Sold by
Courtney Family Trust and Courtney Herbert J
Bought by
Manning Edward W and Manning Andrea B
List Price
$1,200,000
Sold Price
$1,275,000
Premium/Discount to List
$75,000
6.25%
Views
4
Current Estimated Value
$1,349,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,257
Avg. Annual Appreciation
4.83%
Original Mortgage
$950,000
Outstanding Balance
$939,511
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$409,746

Purchase Details

Closed on
Jul 9, 2004
Sold by
Courtney Herbert J and Courtney Amber I
Bought by
Courtney Herbert J and Courtney Amber I

Purchase Details

Closed on
Jun 8, 1999
Sold by
Walt Michaelis
Bought by
Courtney Herbert J and Courtney Amber I

Purchase Details

Closed on
Mar 16, 1994
Sold by
Mcfarland Wally D and Mcfarland Karen N
Bought by
Michaelis Ii Walt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Manning Edward W $1,275,000 Lawyers Title
Courtney Herbert J -- --
Courtney Herbert J $330,000 Fidelity National Title Co
Michaelis Ii Walt $275,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manning Edward W $950,000
Previous Owner Michaelis Ii Walt $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $1,275,000 +6.3% $638 / Sq Ft
09/25/2024 09/25/24 For Sale $1,200,000 -- $600 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
Source: Ojai Valley Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,007 $1,275,000 $829,000 $446,000
2024 $6,007 $474,625 $189,848 $284,777
2023 $5,910 $465,319 $186,125 $279,194
2022 $5,571 $456,196 $182,476 $273,720
2021 $5,469 $447,251 $178,898 $268,353
2020 $5,407 $442,666 $177,064 $265,602
2019 $5,304 $433,988 $173,593 $260,395
2018 $5,209 $425,480 $170,190 $255,290
2017 $5,114 $417,138 $166,853 $250,285
2016 $5,028 $408,960 $163,582 $245,378
2015 $4,967 $402,820 $161,126 $241,694
2014 $4,883 $394,931 $157,971 $236,960
Source: Public Records

Map

Source: Ojai Valley Board of REALTORS®

MLS Number: 224321

APN: 034-0-211-125