NOT LISTED FOR SALE

561 Royal Ave Simi Valley, CA 93065

West Simi Valley Neighborhood

Estimated Value: $695,000 - $843,394

2 Beds
1 Bath
760 Sq Ft
$1,022/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $750,000 $987 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,767/month

110 Days on Market

Highlights

  • City Lights View
  • 0.53 Acre Lot
  • Quartz Countertops
  • Royal High School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of November 2023

A Developers Dream Property! Newly remodeled, cozy, two bedroom home with a HUGE LOT (nearly 23,000 square feet / 0.53 acre of flat land). The property features brand new kitchen cabinets, quartz countertops, brand new appliances, split a/c units, and laminated wood flooring throughout the house. As well as a fireplace in the livingroom and a 2-3 car carport. Bright and airy, the property is conveniently located near schools, restaurants, shops and various modes of public transportation. But the biggest highlight here is certainly the over 1/2 acre worth of land, which has endless potential. Property potentially qualifies for SB9 ordinance, which means that multiple homes/units/ADUs could be built on this lot. As well as the capacity to possibly split the lot into multiple lots, and build multiple homes or units on each of the new lots. Buyer to verify with the city/count for more info. Certainly worth a look for anyone looking to build and flip, or anyone looking for a large lot in general.

Last Agent to Sell the Property

Marielle Epstein

1st Point Realty License #01736557 Listed on: 04/20/2023

Last Buyer's Agent

Louis Perez

Tradewind Realty License #01218758

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 0.53 Acre Lot
  • Chain Link Fence
  • Back and Front Yard
  • Property is zoned RM-3.11

Parking

  • 3 Attached Carport Spaces

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Laminate Flooring
  • City Lights Views
  • Laundry in Carport

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Central Water Heater
  • Sewer in Street

Additional Features

  • Covered Patio or Porch
  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 631-0-140-275

Home Details

Home Type

Single Family

Year Built

Built in 1955 | Remodeled

Lot Details

0.53 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 760
  • Lot Acreage: 0.5267
  • Probate: Yes
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Laminate
  • Appliances: Microwave, Free Standing Gas
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: In Kitchen
  • Kitchen Features: Quartz Counters
  • Laundry: Outside, In Carport
  • Total Bathrooms: 1.00
  • Equipment: Microwave, Range/Oven, Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 985.53
  • Windows: Double Pane Windows

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Fence: Chain Link
  • Patio: Covered Porch, Porch - Front
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Carport Spaces: 3
  • Parking Garage: Carport Attached

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Wall Unit(s)
  • Heating: Central
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 631-0-140-275
  • Lot Description: Fenced, Front Yard, Back Yard
  • Lot Location: City
  • Lot Size Area: 22944

Rental Info

  • Court Approve: Yes
  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Nov 1, 2023
Sold by
Holt Amanda
Bought by
Sandoval Ronald and Sandoval Ana R
Seller's Agent
Marielle Epstein
1st Point Realty
Buyer's Agent
Louis Perez
Tradewind Realty
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%
Views
741
Current Estimated Value
$776,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,849
Avg. Annual Appreciation
1.55%
Original Mortgage
$600,000
Outstanding Balance
$586,716
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$190,133

Purchase Details

Listed on
Feb 9, 2022
Closed on
Mar 15, 2022
Sold by
Yu Eric Y and Yu Jeanne Y
Bought by
Holt James
Seller's Agent
Jeanne Hai
RE/MAX PREMIER/SANMARINO
Buyer's Agent
Marielle Epstein
1st Point Realty
List Price
$659,000
Sold Price
$780,000
Premium/Discount to List
$121,000
18.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.38%
Original Mortgage
$585,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2021
Closed on
Nov 4, 2021
Sold by
Paullin Cindy Lou and Estate Of Debra Sue Czene
Bought by
Yu Eric and Yu Hai Jeanne
Seller's Agent
Alan Onoye
Pinnacle Estate Properties, Inc.
Buyer's Agent
Alan Onoye
Pinnacle Estate Properties, Inc.
List Price
$469,000
Sold Price
$470,000
Premium/Discount to List
$1,000
0.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
658.55%
Original Mortgage
$200,000
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2008
Sold by
Gindlesberger Sara Lou
Bought by
Gindlesberger Sara Lou and Czene Debora Sue
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sandoval Ronald $750,000 None Listed On Document
Holt James $780,000 Chicago Title
Yu Eric $470,000 Chicago Title
Gindlesberger Sara Lou -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Ronald $600,000
Previous Owner Holt James $585,000
Previous Owner Yu Eric $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Sold $750,000 +0.1% $987 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $749,000 -4.0% $986 / Sq Ft
03/23/2022 03/23/22 Sold $780,000 +18.4% $1,026 / Sq Ft View Prior Sale
02/09/2022 02/09/22 For Sale $659,000 +40.2% $867 / Sq Ft
12/20/2021 12/20/21 Sold $470,000 +0.2% $618 / Sq Ft View Prior Sale
10/14/2021 10/14/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $469,000 -- $617 / Sq Ft
Source: The MLS

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Marielle Epstein

    1st Point Realty

    (818) 432-3580

    4 in this area

    83 Total Sales

    Marielle Epstein
    Section Image
  • Louis Perez

    Buyer's Agent in 2023

    Louis Perez

    Tradewind Realty

    (310) 717-1592

    1 in this area

    32 Total Sales

    Louis Perez
    Section Image
  • Jeanne Hai

    Seller's Agent in 2022

    Jeanne Hai

    RE/MAX

    1 in this area

    136 Total Sales

    Jeanne Hai
    Section Image

  • A

    Seller's Agent in 2021

    Alan Onoye

    Pinnacle Estate Properties, Inc.

    (805) 558-7499

    2 in this area

    6 Total Sales

    Alan Onoye
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    David Baumgartner

    Pinnacle Estate Properties, Inc.

  • M

    Buyer Co-Listing Agent in 2021

    Mary La Londe

    Pinnacle Estate Properties, Inc.

    (805) 338-8745

    1 in this area

    3 Total Sales

    Mary La Londe
    Section Image
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Map

Source: The MLS

MLS Number: 23-262437

The MLS

APN: 631-0-140-275

California Ventura County Simi Valley 93065 West Simi Valley

561 Royal Ave, Simi Valley, CA

Not Listed for Sale

Detached

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