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10101 Richwood Drive, Cupertino, California 95014, Cupertino, 95014 - 3 bed, 2 bath

10101 Richwood Drive, Cupertino, California 95014 home-pic-0
ACTIVE$3,495,000
10101 Richwood Drive, Cupertino, California 95014
3Beds
2Baths
1,512Sqft
9,100Lot

Price Vs. Estimate

The estimated value ($3,360,775.79) is $134,224.21 (3%) lower than the list price ($3,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9100, living area = 1512.
Top Cons:
Property Age & Potential for Updates: Built in 1959, the home is over 60 years old, suggesting that significant updates to systems, finishes, or overall modernization may be required to meet contemporary buyer expectations.

Compared to the nearby listings

Price:$3.50M vs avg $3.50M (+$0)50%
Size:1,512 sqft vs avg 2,259 sqft14%
Price/sqft:$2.3K vs avg $1.5K96%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this property shows a mix of updates and original features. While one bathroom appears recently updated with a modern vanity and shower, and the main living areas have newer laminate flooring and fresh paint, the kitchen features dated wood-toned cabinets and laminate countertops, suggesting it was last updated 15-30 years ago or is original. The bedroom carpets also appear older. The home is functional and move-in ready, but significant modernization, particularly in the kitchen and potentially other areas, would be required to meet contemporary standards.
Year Built
1959
Close
-
List price
$3.5M
Original List price
$3.88M
Price/Sqft
$2,312
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024542
Home ConditionFair
Features
View-

About this home

Welcome to 10101 Richwood Drive, a delightful 3-bedroom, 2-bathroom single-family home in the vibrant city of Cupertino, California. Built in 1959 and spanning approximately 1,512 square feet, this charming residence features a versatile open layout combining living, family, and dining areas ideal for everyday comfort and entertaining. One of the standout features is the oversized 9,100 square foot lot, which offers tremendous potential. This generous space allows for creative expansions, such as adding square footage to the home, building an accessory dwelling unit (ADU) for guests or rental income, installing a pool, or designing expansive gardens and outdoor living areas. 10101 Richwood sits within the acclaimed Cupertino Union School District (elementary/middle) and Fremont Union School District (high schools like Cupertino High and Homestead High), consistently ranked among California's best. Whether you're envisioning a private oasis or future development, this lot provides rare flexibility in a sought-after neighborhood.

Condition Rating
Fair
Built in 1959, this property shows a mix of updates and original features. While one bathroom appears recently updated with a modern vanity and shower, and the main living areas have newer laminate flooring and fresh paint, the kitchen features dated wood-toned cabinets and laminate countertops, suggesting it was last updated 15-30 years ago or is original. The bedroom carpets also appear older. The home is functional and move-in ready, but significant modernization, particularly in the kitchen and potentially other areas, would be required to meet contemporary standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9100, living area = 1512.
Exceptional School Districts: Located within the highly acclaimed Cupertino Union and Fremont Union School Districts, consistently ranked among California's best, which is a significant draw for families and a strong value driver.
Generous Lot Size with Development Potential: The oversized 9,100 square foot lot provides rare flexibility for future expansion, adding an Accessory Dwelling Unit (ADU), installing a pool, or creating extensive outdoor living spaces, enhancing long-term value.
Prime Cupertino Location: Situated in a sought-after Cupertino neighborhood, known for its desirability, strong community, and access to amenities, ensuring sustained demand.
Versatile Open Floor Plan: The existing open layout combining living, family, and dining areas offers modern functionality and appeal for everyday living and entertaining.
Strong Long-Term Investment Value: The combination of a prime location, top-tier schools, and significant lot potential positions this property as a robust long-term investment in a high-demand market.

Cons

Property Age & Potential for Updates: Built in 1959, the home is over 60 years old, suggesting that significant updates to systems, finishes, or overall modernization may be required to meet contemporary buyer expectations.
Significant Price Reductions: Multiple price drops from the original listing ($3.885M to $3.495M) indicate potential market resistance or an initial overvaluation, which could raise buyer questions about its true market value.
Modest Interior Square Footage: At 1,512 square feet, the interior living space is relatively modest for a property at this price point in Cupertino, potentially limiting appeal for buyers seeking larger homes, despite the generous lot.

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