2312 Archwood Lane 83
Simi Valley, CA, 93063
$449,900
MLS: 226001603
Beds
2
Baths
1
Sq Ft
872
Lot
0.02 ac
Year Built
1986
MLS #
226001603
Days on Market
26
Listed
Apr 9, 2026
Description
Remodeled 2-bedroom, 1-bath lower-level condo located in the desirable Springtime community of East Simi Valley. Rare opportunity - $315,000 fully assumable FHA loan on this condo at 2.78%! Ideally situated within the complex near the community pool and surrounded by greenbelt areas, this ground-level unit offers convenient access from the parking area and a functional single-story layout. Inside, the home features wood-like laminate flooring throughout, smooth ceilings, crown molding, wide baseboards, and recessed LED lighting in the living area. Built-in surround sound speakers enhance the living space, which opens to a private tile patio with a storage closet for added functionality. The updated kitchen includes quartz countertops, subway tile backsplash, stainless steel appliances, white cabinetry with soft-close doors, a farmhouse-style stainless sink, breakfast bar seating, and a dining area with ceiling fan/light. Both bedrooms offer mirrored wardrobe closets, ceiling fan/lights, and crown molding. The remodeled bathroom features tile flooring, a marble tub/shower combination with sliding glass doors, updated fixtures, quartz countertop vanity, and modern lighting, with convenient pass-through access. A stackable washer and dryer unit (included) is in the interior laundry closet for added convenience. The property includes a 1-car garage and one assigned parking space. HOA amenities include community pool, spa, BBQ areas, picnic areas, and well-maintained greenbelt spaces, with water and trash included. Located close to shopping, parks, freeway access, and the Metrolink station, with a nearby high school, this move-in ready condo offers a great opportunity in a well-established Simi Valley community.
Location
Simi Valley, Ventura County, CA 93063
Open on Google Maps ↗Listed by: Alex Gandel · Pinnacle Estate Properties, Inc.
Payment estimate
$3,942
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $44,990 · Loan: $404,910
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,565
- Property tax (1.25%)
- $469
- Homeowners insurance
- $300
- Mortgage insurance
- $169
- HOA dues
- $440
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Simi Valley home with as little as 3.5% down using an FHA loan — roughly $15,747 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Assumable Loan — Lock In a Below-Market Rate＋
This Simi Valley property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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Local Market Stats
See Simi Valley, CA 93063 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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