ActiveResidential · sale

275 Ridgeton Lane B

Simi Valley, CA 93065

$634,000

  • 3 beds
  • 2 baths
  • 1,520 sq ft
  • 0.03 acres
  • Built 1988

Listed by Berkshire Hathaway HomeServices California Properties · MLS #226004795

Listing status & updates
MLS last changed
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Availability last checked
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PROPERTY QUESTIONS & SHOWINGS

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275 Ridgeton Lane B, Simi Valley, CA 93065 · MLS #226004795

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Garage parking

2 garage spaces listed.

Property size

0.03 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to 275 Ridgeton Lane in the highly sought-after ''The Club'' gated community of Wood Ranch! This exceptional top-floor end unit offers one of the most desirable locations in the neighborhood--with no neighbor on one side and no one living above you, eliminating the foot noise often associated with lower-level living.Even better, top-floor homes feature the highly coveted soaring vaulted ceilings that first-floor units simply do not have, creating a bright, open, and spacious feel throughout. This is the largest and only 3-bedroom PLUS loft home currently available! That's right--3 true bedrooms AND a loft, an incredibly rare combination in Wood Ranch.The versatile loft provides valuable additional living space and can easily function as a home office, study, reading retreat, playroom, fitness space, or creative studio, giving you the flexibility today's buyers are looking for.The thoughtfully designed floor plan offers multiple living spaces, including a welcoming living room with a cozy fireplace and a separate family room/TV area, making it easy to entertain, accommodate different activities, or simply spread out and relax.The spacious primary suite offers a peaceful retreat with generous proportions, while the beautifully remodeled hall bathroom adds a fresh, contemporary touch.The bright kitchen features stainless steel appliances, a wine refrigerator, and a cheerful breakfast area that is perfect for casual dining. A conveniently located laundry closet makes everyday living easy.One of the home's standout features is the extra-large private balcony, providing wonderful outdoor living space for morning coffee, outdoor dining, entertaining, or simply relaxing after a long day while enjoying the peaceful surroundings.Additional upgrades include a NEW heater and NEW water heater, providing added value and peace of mind for years to come.The attached two-car direct-access garage offers convenience, storage, and security, with direct access into the home.An Exceptional Wood Ranch LocationLocation is everything, and this home truly delivers.Directly across the street is a large community park featuring playgrounds, expansive greenbelts, baseball fields, and plenty of room to enjoy the outdoors.Also just across the street is the beautiful Wood Ranch Golf Club, offering picturesque views and a premier golf experience.One of Wood Ranch's most treasured amenities is just steps from your front door--a beautiful community lake with exclusive resident access. Enjoy your morning coffee at the lakeside tables, spend the afternoon fishing from the shoreline, or simply take peaceful walks along the scenic pathways that wind throughout this picturesque neighborhood.You'll also appreciate being just minutes from shopping, restaurants, everyday conveniences, and the world-famous Ronald Reagan Presidential Library.Finding a home that offers 3 bedrooms PLUS a loft is exceptionally rare. Finding one that is also a top-floor end unit with soaring vaulted ceilings, no upstairs neighbors, no adjoining neighbor on one side, gated community living, lake access, an attached two-car direct-access garage, and an unbeatable Wood Ranch location is even rarer.Don't miss this outstanding opportunity to own one of the most desirable floor plans and locations in all of Wood Ranch!

THE NEIGHBORHOOD

Explore the location.

275 Ridgeton Lane B, Simi Valley, CA 93065

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1988
Full baths
2
Half baths
0
Garage spaces
2
Cooling
CentralAir
Heating
Central,NaturalGas
Flooring
Wood
Pool
No
Pool features
Association,Community,Fenced,Gunite
Spa
Yes
Zoning
RMOD-10.0
Parcel
5800290165
HOA amenities
MaintenanceGrounds,LakeOrPond
HOA fee frequency
Monthly
HOA fee
$499.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$2,641.67
Cap rate—

Annual operating income: —

HOA: Includes $499.00 per month in HOA dues, converted from the $499.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

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Listing information

MLS #226004795 · California Regional MLS

Listing brokerage: Berkshire Hathaway HomeServices California Properties
Listing agent: Jeffrey Diamond

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.