NOT LISTED FOR SALE

541 Bannister Way Unit B Simi Valley, CA 93065

Wood Ranch Neighborhood

Estimated Value: $765,000 - $779,000

3 Beds
2.5 Baths
1,507 Sq Ft
$506/mo HOA Fee

Last Sold May 05, 2022

Last sale price $675,000 $448 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,528/month

20 Days on Market

Highlights

  • Mountain View
  • Community Pool
  • 2 Car Attached Garage
  • Wood Ranch Elementary School Rated A-
  • Hiking Trails
  • Laundry Room

About This Home

As of May 2022

We are pleased to present this 3 bedroom 2.5 bathroom townhome located in the beautifully gated community of Wood Ranch in Simi Valley. This townhome has a lot of potential offering a bright and spacious floor plan with soaring ceilings. The kitchen and living room are located downstairs along with a guest bathroom and a formal dining area with access to the patio. The three bedrooms are located upstairs with the master bedroom including a dual vanity and walk in closet. Just a very short walk away is the community pool and spa with beautiful mountain and garden views. Two-car garage attached with direct access through kitchen. Walking distance to Wood Ranch Elementary, parks, and hiking trails.

Last Listed By

Ryan O'Connor

Realty Adventures, Inc. License #01931694 Listed on: 03/17/2022

Realty Adventures, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,306

Year Built

  • Built in 1998

Lot Details

  • Two or More Common Walls

HOA Fees

  • $506 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,507 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 254 / 13
  • Tax Tract Number 423900
  • Assessor Parcel Number 5960151445

Community Details

Overview

  • 78 Units
  • Summer Side Association, Phone Number (805) 329-5050
  • Neighborhood Community Management HOA
  • Summer Side Subdivision

Recreation

  • Community Pool
  • Hiking Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,306

Year Built

Built in 1998

Lot Details

0

HOA Fees

$506 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Summer Side (399)
  • View: Yes
  • Zoning: RPD1.29
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5960151445
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1507.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 447.91
  • Room Type: All Bedrooms Up

Exterior Features

  • View: Mountain(s)
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 506.00
  • Association Fee Frequency: Monthly
  • Association Name: Summer Side
  • Phone: 8053295050
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Hiking
  • Association Management: Neighborhood Community Management

Schools

  • School District: Simi Valley Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1507.00
  • Lot Size Acres: 0.0346
  • Latitude Manual: 34.22978900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1507.0000 Square Feet
  • Number Of Units In Community: 78
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 75.06
  • Tax Lot: 254
  • Tax Tract Number: 423900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Apr 28, 2022
Sold by
Oconnor John J and Oconnor Luz M
Bought by
Wynn Jonathan K and Niford Jeffrey R
Seller's Agent
Ryan O'Connor
Realty Adventures, Inc.
Buyer's Agent
Max Bautista Jr.
Beverly and Company, Inc.
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%
Total Days on Market
20
Current Estimated Value
$773,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,590
Avg. Annual Appreciation
3.71%
Original Mortgage
$506,250
Outstanding Balance
$485,144
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$269,205

Purchase Details

Closed on
Oct 4, 2014
Sold by
Connor John J O
Bought by
Connor John J O and Connor Luz M O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1998
Sold by
Oconnor Luz Maria
Bought by
Oconnor John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.95%

Range of Values:

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Average Value
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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
Connor John J O -- Lawyers Title Company
Oconnor John J -- Lawyers Title Company
Oconnor John J $179,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connor John J O $344,000
Closed Oconnor John J $350,000
Closed Oconnor John J $150,000
Closed Oconnor John J $249,999
Closed Oconnor John J $100,000
Closed Oconnor John J $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold $675,000 +3.8% $448 / Sq Ft
03/17/2022 03/17/22 For Sale $650,000 -- $431 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $8,306 $702,270 $456,736 $245,534
2023 $7,815 $688,500 $447,780 $240,720
2022 $3,332 $262,747 $105,098 $157,649
2021 $3,303 $257,596 $103,038 $154,558
2020 $3,230 $254,957 $101,983 $152,974
2019 $3,078 $249,959 $99,984 $149,975
2018 $3,049 $245,059 $98,024 $147,035
2017 $2,979 $240,254 $96,102 $144,152
2016 $2,845 $235,544 $94,218 $141,326
2015 $2,783 $232,007 $92,803 $139,204
2014 $2,757 $227,464 $90,986 $136,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22053711

California Regional Multiple Listing Service (CRMLS)

APN: 596-0-151-445