NOT LISTED FOR SALE

550 Lorabel Way Unit C Simi Valley, CA 93065

Wood Ranch Neighborhood

Estimated Value: $716,935 - $794,000

3 Beds
2.5 Baths
1,347 Sq Ft
$457/mo HOA Fee

Last Sold September 21, 2017

Last sale price $495,500 $368 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,009/month

Highlights

  • Primary Bedroom Suite
  • Gated Community
  • Quartz Countertops
  • Wood Ranch Elementary School Rated A-
  • Updated Kitchen
  • Community Pool

About This Home

As of September 2017

This recently remodeled 3 bed / 2.5 bath condo is located in the gated community of Summerside in Wood Ranch. Fully remodeled kitchen completed in Aug. 2016 includes custom cabinets, fireclay farm sink, recessed lighting, quartz counters & glass tile backsplash all accented by under cabinet LED
lighting. Upgraded wood like flooring throughout the first level which features a cozy fireplace & remodeled half bath. All 3 bedrooms are upstairs. Large master suite features a walk-in closet, dual sinks and a large tub with separate freestanding shower. Other amenities include plantation shutters throughout, ceiling fans in every bedroom, Nest Learning thermostat, 2 car garage & pet friendly backyard. Walking distance to Long Canyon Hiking Trail as well as highly acclaimed, award winning elementary school! HOA's cover community Pool, gated entry & well-maintained landscaping throughout the subdivision.

Last Agent to Sell the Property

Jay Ravnikar

The Agency License #01992633 Listed on: 07/14/2017

The Agency

Last Buyer's Agent

Rey Dela Cruz

Real Estate eBroker, Inc. License #01052252

Real Estate eBroker, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,576

Year Built

  • Built in 1998

Lot Details

  • Two or More Common Walls
  • Back Yard

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Guest Parking

Home Design

  • Spanish Tile Roof

Interior Spaces

  • 1,347 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Plantation Shutters
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Wood Ranch Elementary School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 254
  • Tax Tract Number 4239
  • Assessor Parcel Number 5960151525

Community Details

Overview

  • Summerside Association, Phone Number (909) 981-4131
  • Sycamore Canyon Village Association, Phone Number (805) 413-1170

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,576

Year Built

Built in 1998

Lot Details

0

HOA Fees

$457 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Summer Side (399)
  • View: No
  • Zoning: RPD1.29
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5960151525
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1347.00 Square Feet
  • Interior Amenities: Recessed Lighting
  • Stories: 2
  • Entry Location: 1st Level
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • 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: 367.85
  • Room Type: All Bedrooms Up, Master Suite, Walk-In Closet
  • Window Features: Plantation Shutters
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Patio
  • Pool Features: Community
  • Pool Private: No
  • Roof: Spanish Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Sycamore Canyon Village
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 344.00
  • Association #2 Fee: 113.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Summerside
  • Phone: 909-981-4131
  • Association Phone #2: 805-413-1170
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Simi Valley Unified
  • Elementary School: Wood Ranch
  • Elementary School: Wood Ranch
  • Elementary School #2: WOORAN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 983.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 75.06
  • Tax Lot: 254
  • Tax Tract Number: 4239

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Nov 2, 2017
Sold by
Smith Susan Elaine
Bought by
Smith Susan Elaine and Sues Trust
Seller's Agent
Jay Ravnikar
The Agency
Buyer's Agent
Rey Dela Cruz
Real Estate eBroker, Inc.
List Price
$509,000
Sold Price
$495,500
Premium/Discount to List
-$13,500
-2.65%
Current Estimated Value
$754,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,984
Avg. Annual Appreciation
5.34%

Purchase Details

Listed on
Jul 14, 2017
Closed on
Aug 24, 2017
Sold by
Jenkins Thomas and Jenkins Ashley
Bought by
Smith Susan Elaine
Seller's Agent
Jay Ravnikar
The Agency
Buyer's Agent
Rey Dela Cruz
Real Estate eBroker, Inc.
List Price
$509,000
Sold Price
$495,500
Premium/Discount to List
-$13,500
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Outstanding Balance
$221,180
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$533,304

Purchase Details

Listed on
May 4, 2015
Closed on
Jun 10, 2015
Sold by
Shaffer Sherrill K
Bought by
Jenkins Thomas and Jenkins Ashley
Seller's Agent
Scott Spindel
Aviara Real Estate
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$403,750
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2002
Sold by
Hull Norman T
Bought by
Shaffer Sherrill K

Purchase Details

Closed on
Jul 16, 1998
Sold by
Summerside Development Llc
Bought by
Hull Norman T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,200
Interest Rate
7.01%
Source: Public Records

Range of Values:

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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
Smith Susan Elaine -- Accommodation
Smith Susan Elaine $495,500 Stewart Glendale
Jenkins Thomas $425,000 Lawyers Title
Shaffer Sherrill K $300,000 Chicago Title
Hull Norman T $169,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Susan Elaine $265,500
Previous Owner Jenkins Thomas $403,750
Previous Owner Hull Norman T $118,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2017 09/21/17 Sold $495,500 -2.7% $368 / Sq Ft
08/20/2017 08/20/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $509,000 +19.8% $378 / Sq Ft
07/21/2015 07/21/15 Sold $425,000 0.0% $316 / Sq Ft View Prior Sale
06/21/2015 06/21/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $425,000 -- $316 / 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
2025 $6,576 $563,789 $366,380 $197,409
2024 $6,576 $552,735 $359,196 $193,539
2023 $6,185 $541,898 $352,153 $189,745
2022 $6,178 $531,273 $345,248 $186,025
2021 $6,148 $520,856 $338,478 $182,378
2020 $6,032 $515,517 $335,008 $180,509
2019 $5,754 $505,410 $328,440 $176,970
2018 $5,716 $495,500 $322,000 $173,500
2017 $5,023 $433,500 $282,030 $151,470
2016 $4,800 $425,000 $276,500 $148,500
2015 $1,250 $95,811 $20,371 $75,440
2014 -- $93,936 $19,973 $73,963
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jay Ravnikar

    The Agency

    (818) 961-6565

    10 Total Sales

    Jay Ravnikar
    Section Image

  • R

    Buyer's Agent in 2017

    Rey Dela Cruz

    Real Estate eBroker, Inc.

    Section Image

  • S

    Seller's Agent in 2015

    Scott Spindel

    Aviara Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17160989

California Regional Multiple Listing Service (CRMLS)

APN: 596-0-151-525

California Ventura County Simi Valley 93065 Wood Ranch

550 Lorabel Way Unit C, Simi Valley, CA

This home is located at 550 Lorabel Way Unit C, Simi Valley, CA 93065 since 14 July 2017 and is currently estimated at $754,484, approximately $560 per square foot. This property was built in 1998. 550 Lorabel Way Unit C is a home located in Ventura County with nearby schools including Wood Ranch Elementary School, Sinaloa Middle School, and Royal High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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