About this home

HUGE PRICE DROP! Nestled within the desirable Summerside GATED community in Wood Ranch, 550 Lorabel Way, Unit C, Simi Valley has an exceptional blend of comfort, style, and convenience. This beautifully updated two-story condominium, NEWLY CARPETED, features 3 bedrooms, 2.5 bathrooms, and approximately 1,347 square feet of thoughtfully designed living space. The remodeled kitchen showcases custom cabinetry, countertops, sink, and finishes, while wood-style flooring and a cozy fireplace create a warm and inviting atmosphere. Upstairs, the spacious primary suite includes a walk-in closet, dual vanities, and a luxurious bath with a separate shower and soaking tub. Additional highlights include plantation shutters, ceiling fans throughout, a smart thermostat, an attached two-car garage, and a private LOW MAINTENANCE BACKYARD ideal for relaxing or entertaining. Residents enjoy access to community amenities, including a pool and gated entry, all within close proximity to scenic hiking trails, parks, shopping, dining, and highly regarded schools.

Facts and features

Schools

• Wood Ranch Elementary School

  elementary · K-6 · 0.2 mi

  6

• Sinaloa Middle School

  middle · 6-8 · 2.7 mi

  5

• Royal High School

  high · 9-12 · 3.1 mi

  8

• Community Schoolhouse

  elementary · K-12 · 2.4 mi

• Justin Early Learners Academy

  elementary · 4.3 mi

• Madera Elementary School

  elementary · K-6 · 2.5 mi

  5

Price history

• Oct 29, 2026 · Price Changed$639,000
• Sep 19, 2026 · Price Changed$649,999
• Sep 11, 2026 · Price Changed$729,999
• Aug 14, 2026 · Price Changed$749,999
• Jul 15, 2026 · Price Changed$759,999
• Jun 12, 2026 · Listed$779,000
• Oct 19, 2018 · Listing Removed$498,900
• Sep 21, 2017 · Sold$495,500

Tax history

• 2025$6,678 tax · $575,064 assessed
• 2024$6,575 tax · $563,789 assessed
• 2023$6,184 tax · $541,898 assessed
• 2022$6,177 tax · $531,273 assessed
• 2021$6,148 tax · $520,856 assessed
• 2020$6,031 tax · $515,517 assessed
• 2019$5,753 tax · $505,410 assessed
• 2018$5,716 tax · $495,500 assessed

Home value

$643,000

• Collateral Analytics$643,000
• Quantarium$644,823
• Cotality$642,900

Where it is