
Hillsborough, California 94010
This property presents a High-Potential Investment Opportunity with a List Price of $3,888,000—positioned well below the $4,067,629 Fair Market Value by 4%. This valuation gap offers $179,629 in Instant Equity. Featuring a Condition Rating of 5, the home requires a total rehab, yet its massive 22,824 sqft lot and sweeping views provide an exceptional canvas for a custom rebuild. Located in a top-tier district with 9/10 rated schools, this is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1176 Tournament Drive Subject | $3,888,000* List Price | 4 | 3 | 3,150 | $1,291 | - |
A 30 Inverness Way Sold | $4,300,000 | 5 | 4 | 3,240 | $1,327 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1978 (46 years old), the home retains its original kitchen and bathrooms which are significantly dated, featuring oak cabinetry, tile countertops, and fluorescent light boxes. While staged for living, the listing description explicitly suggests a 'complete custom rebuild' and the opportunity to create an estate 'from the ground up,' indicating the systems and interior are at the end of their functional life and require a total rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22824, living area = 3150.
Elementary School: South Hillsborough School (9/10). Middle School: Crocker Middle School (9/10).
Situated in a coveted Hillsborough neighborhood with access to top-rated schools like South Hillsborough and Crocker Middle, ensuring long-term value and desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22824, other record lot size in square feet = 22284.
Built in 1978, the existing structure may require extensive updates or a full rebuild to align with modern luxury expectations and maximize the site's potential.
Given the $3.888M list price and the suggestion for a custom rebuild, the total capital required for acquisition and construction represents a significant financial undertaking.
Exceptional location in a coveted community. Captivating views. Prestigious schools. Stunning pool and spa. Perfect for indoor-outdoor living designed for entertaining - feels like your own personal resort. Open floor plan flooded with natural light. 4 bedrooms with 2.5 baths, huge living room with wood burning fireplace, plus big family room and kitchen breakfast area. The family room, kitchen, and primary bedroom suite, all have sweeping views and direct access to the pool and spa. Extra large laundry room on the bedroom level, expansive 3 car garage with additional work spaces and two very large storage rooms attached. For those few who want to start fresh with a complete custom rebuild, this homes highly desirable expansive lot would be exceptional for a dramatic new design! Do not miss out on your rare opportunity to create a custom estate from the ground up in a highly desirable Hillsborough setting!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 5.5 |
| Square foot | 3,150 | 4,176 |
| Lot Size | 22,824 | 26,872.5 |
| Price | $3.89M | $6.66M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 1978 | 1954 |
| HOA | $0 | $0 |
| Days on market | 5 | 32 |
Jul 17, 2026
$3,888,000
Initial Listing