540 Spring Road 94, Moorpark, California 93021, Moorpark, - bed, bath
ACTIVE$511,000
540 Spring Road 94, Moorpark, California 93021
3Beds
3Baths
1,270Sqft
3,049Lot
Year Built
1978
Close
-
List price
$511K
Original List price
$539K
Price/Sqft
-
HOA
$445
Days on market
-
Sold On
-
MLS number
225002184
Home ConditionGood
Features
View-
About this home
Welcome to Moorpark! Presenting this 3 Bedroom, 2.5 bathroom Park Springs Condo. Unit is largest model in the complex featuring 1,270 ft of living space. Hardwood Floors. Central AC. Open & Bright. Conveniently located. Just minutes from the 23 Freeway, Metrolink, shopping, restaurants & schools. Perfect opportunity for first time home buyers or investors.
Nearby schools
6/10
Peach Hill Academy
Public,•K-5•0.9mi
6/10
Mesa Verde Middle School
Public,•6-8•0.8mi
6/10
Moorpark High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
09/17/25
Price Change
$511,000
05/24/25
Listing
$539,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (12 Listings) | |
|---|---|---|---|
| Beds | 3 | 2 | 54% |
| Baths | 3 | 2 | 54% |
| Square foot | 1,270 | 1,245 | 54% |
| Lot Size | 3,049 | 1,502 | 69% |
| Price | $511K | $520K | 38% |
| Price per square foot | $402 | $471 | 15% |
| Built year | 1978 | 1986 | 23% |
| HOA | $445 | $445 | 50% |
| Days on market | 165 | 147 | 54% |
Condition Rating
Good
The property, built in 1978, shows significant recent updates that make it move-in ready. The description highlights 'Hardwood Floors' and 'Central AC,' both desirable features. Images confirm updated bathrooms with modern vanities, lighting, and contemporary tiling in at least one shower, suggesting renovations within the last 5-15 years. While some elements like the fireplace tile and one shower's tile appear older, the overall condition is well-maintained with functional systems and cosmetic improvements that elevate it beyond 'Fair' condition. The absence of kitchen images prevents a full assessment, but the visible updates support a 'Good' rating.
Pros & Cons
Pros
Largest Model: This unit is the largest model within the complex, offering 1,270 sq ft of living space, which is a significant advantage for buyers seeking more room.
Desirable Interior Features: The property boasts hardwood floors and a central AC system, enhancing comfort, aesthetic appeal, and overall living quality.
Open & Bright Layout: Described as 'Open & Bright,' the layout contributes to a welcoming and spacious feel, a highly sought-after characteristic for modern living.
Prime Location: Conveniently located just minutes from the 23 Freeway, Metrolink, shopping, restaurants, and schools, offering excellent accessibility and lifestyle amenities.
Broad Market Appeal: Positioned as a 'perfect opportunity for first-time home buyers or investors,' indicating a wide target audience and strong potential demand.
Cons
Property Age: Built in 1978, the property is over 45 years old, which may suggest potential for older systems, infrastructure, or the need for future updates beyond current finishes.
High Association Fee: A monthly association fee of $445 is substantial and adds a significant recurring cost to homeownership, potentially impacting affordability and investment returns.
Recent Price Reduction: The property has seen a price reduction from $539,000 to $511,000, which could indicate initial overpricing or market resistance, potentially signaling a need for further negotiation.