508 Bannister Way #B
About This Property
Welcome to this stunning, fully remodeled condominium located in the highly desirable, gated community of Summerside in Wood Ranch-a scenic, planned neighborhood nestled near the Reagan Presidential Library in southwest Simi Valley. Surrounded by rolling hills, beautiful parks, underground utilities, and easy access to hiking trails, top-rated schools, and the 23/118 freeways, this is truly one of Simi Valley's most coveted locations!
Step into a beautifully upgraded home that greets you with an abundance of natural light, soaring vaulted ceilings, and all-new vinyl windows. The open-concept living and dining room features new modern flooring, a cozy gas fireplace, and sliding doors that open to a private patio with mature trees, plants, water feature, and retractable awnings-perfect for indoor-outdoor California living. The remodeled kitchen boasts quartz countertops with stainless steel appliances, All bathrooms and the kitchen have been completely remodeled, offering upgraded tile, new fixtures, and stylish finishes. The main level also includes a beautifully updated powder room for guests. Upstairs, a large primary suite impresses with en-suite bathroom offers a dual-sink vanity, glass-enclosed shower frameless glass. Two additional upstairs bedrooms also feature wood floors, all brand new windows, and ample closet space, sharing a fully remodeled hall bath with a shower. The attached 2-car garage includes direct access, finished walls and ceilings, and built-in cabinetry for extra storage. Enjoy community amenities including a resort-style pool & spa, restrooms, and outdoor showers, all within walking distance to Wood Ranch Elementary, Wood Ranch Park, and miles of scenic trails. This home is move-in ready and truly checks all the boxes-location, lifestyle, and luxury!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Sep 14, 2025 | Listed by Precise Real Estate Investments | $769,000 | |
| Listed by Precise Real Estate Investments | |||
| Jul 31, 2025 | Price Decreased |
$839,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jul 18, 2025 | Listed | $849,000 | |
| Listed | |||
| | |||
|
FANTASTIC Opportunity in Gated Summerside at Wood Ranch!
Welcome to this stunning, fully remodeled condominium located in the highly desirable, gated community of Summerside in Wood Ranch—a scenic, planned neighborhood nestled near the Reagan Presidential Library in southwest Simi Valley. Surrounded by rolling hills, beautiful parks, underground utilities, and easy access to hiking trails, top-rated schools, and the 23/118 freeways, this is truly one of Simi Valley’s most coveted locations!
Step into a beautifully upgraded home that greets you with an abundance of natural light, soaring vaulted ceilings, and all-new vinyl windows. The open-concept living and dining room features new modern flooring, a cozy gas fireplace, and sliding doors that open to a private patio with mature trees, plants, water feature, and retractable awnings—perfect for indoor-outdoor California living. The remodeled kitchen boasts quartz countertops with stainless steel appliances,. All bathrooms and the kitchen have been completely remodeled, offering upgraded tile, new fixtures, and stylish finishes. The main level also includes a beautifully updated powder room for guests. Upstairs, a large primary suite impresses with en-suite bathroom offers a dual-sink vanity, glass-enclosed shower frameless glass. Two additional upstairs bedrooms also feature wood floors, new windows, and ample closet space, sharing a fully remodeled hall bath with a shower. . The attached 2-car garage includes direct access, finished walls and ceilings, and built-in cabinetry for extra storage. Enjoy community amenities including a resort-style pool & spa, restrooms, and outdoor showers, all within walking distance to Wood Ranch Elementary, Wood Ranch Park, and miles of scenic trails. This home is move-in ready and truly checks all the boxes—location, lifestyle, and luxury!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/14/2025
|
3 Bed
|
2 Bath
|
1347 ft²
|
$769,000
3 Bed
2 Bath
1347 ft²
|
$769,000
10/27/2025
|
Bob Kasumyan
Precise Real Estate Investments
| |
|
02/19/2025
|
3 Bed
|
3 Bath
|
1507 ft²
|
$750,000
3 Bed
3 Bath
1507 ft²
|
$775,000
+3.33%
03/26/2025
|
Maximilian Walter
Pinnacle Estate Properties, Inc.
| |
|
04/10/2018
|
3 Bed
|
2 Bath
|
1347 ft²
|
$515,000
3 Bed
2 Bath
1347 ft²
|
$507,000
-1.55%
05/25/2018
|
Christian Melgar
Coldwell Banker Realty
|
Building Info
About Simi Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017