1948 Rory Lane 5, Simi Valley, California 93063, Simi Valley, - bed, bath
ACTIVE$499,000
1948 Rory Lane 5, Simi Valley, California 93063
2Beds
3Baths
1,287Sqft
1,287Lot
Year Built
1984
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
-
HOA
$475
Days on market
-
Sold On
-
MLS number
V1-32312
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Peek-A-Boo
Patio
ViewMountain(s), Neighborhood, Peek-A-Boo
About this home
Fixer-upper in Simi Valley! This townhome offers great potential with a spacious floor plan, attached garage, and private patio. Ideal for investors, contractors, or buyers looking to create their own vision. Conveniently located near parks, shopping, dining, and freeway access.
Price History
Date
Event
Price
10/03/25
Listing
$499,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (17 Listings) | |
|---|---|---|---|
| Beds | 2 | 2.5 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,287 | 1,415 | 28% |
| Lot Size | 1,287 | 1,663 | 22% |
| Price | $499K | $629K | 11% |
| Price per square foot | $388 | $447.5 | 17% |
| Built year | 1984 | 9925993 | 39% |
| HOA | $475 | $475 | 50% |
| Days on market | 33 | 152 | 6% |
Condition Rating
Fair
Built in 1984, this 40-year-old townhome aligns with the 'Fair' condition criteria for properties built 25-40 years ago with no major renovations. The MLS description explicitly labels it a 'Fixer-upper,' indicating a need for significant cosmetic and functional updates. Images confirm an outdated kitchen with original or very old white appliances, laminate countertops, and dated cabinets, along with an older bathroom vanity and fixtures. While functional, the property shows clear signs of being outdated and requires substantial renovation to meet current standards, but does not appear to have major structural or safety defects that would classify it as 'Poor'.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'fixer-upper' with 'great potential,' making it ideal for investors, contractors, or buyers seeking to customize and add value.
Prime Location: Conveniently situated near parks, shopping, dining, and freeway access in Simi Valley, enhancing its appeal and future appreciation.
Attached Garage: The inclusion of an attached garage provides significant convenience, security, and additional storage space, a desirable feature for a townhome.
Spacious Floor Plan: The property offers a spacious floor plan, providing a comfortable living environment and flexibility for renovation.
Private Outdoor Space: A private patio offers valuable outdoor living space, enhancing the lifestyle appeal for residents.
Cons
Condition (Fixer-Upper): Being a 'fixer-upper' implies significant renovation and financial investment will be required to modernize and bring the property to its full potential.
High Association Fees: The association fee of $475.0 is relatively high for a townhome of this size, which can impact monthly affordability and long-term ownership costs.
Age of Property: Built in 1984, the property is 40 years old, suggesting that major systems and finishes may be original or outdated, contributing to the 'fixer-upper' status and potential for deferred maintenance.