1516 Grove Way, Hayward, California 94546, Hayward, 94546 - 3 bed, 2 bath
1516 Grove Way
Hayward, California 94546
Property Price
SUMMARY
Analysis of 1516 Grove Way, Hayward, California 94546 reveals a Fairly Priced Property with a current list price of $850,000 aligned with the estimated $866,856 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Hayward Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 Grove Way Subject | $850,000* List Price | 3 | 2 | 1,557 | $557 | - |
A 20145 Butterfield Dr Sold | $999,999 | 3 | 2 | 1,443 | $693 | 0.9 mi |
B 21928 Baywood Avenue Sold | $730,000 | 3 | 2 | 1,440 | $507 | 0.4 mi |
C 21259 Hobert St Pending | $788,888 List Price | 3 | 2 | 1,293 | $610 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, including a new roof, fresh interior and exterior paint, and new flooring throughout the living areas and bedrooms. While the kitchen cabinets and white appliances reflect an older style, they appear well-maintained and functional. The home successfully blends its 1950s character with modern cosmetic updates, meeting the criteria for a well-maintained, turnkey residence.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features a brand-new roof and fresh interior and exterior paint, significantly reducing immediate maintenance costs and enhancing curb appeal.
- Updated Interior Finishes
New flooring has been installed throughout the living areas and bedrooms, providing a modern, cohesive, and move-in-ready atmosphere.
- Functional Floor Plan
The layout includes desirable bonus spaces such as a dedicated dining room, a breakfast nook, and an interior laundry room, which maximize the utility of the 1,557 square feet.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned elementary and middle schools have low performance ratings (2 and 3 respectively), which may be a concern for families and impact future resale value.
- Aged Infrastructure
Built in 1950, the home may have original plumbing, electrical, or insulation systems that were not noted as updated, potentially leading to future maintenance needs.
- Traffic Exposure
Located on Grove Way, the property is situated on a more active thoroughfare, which may result in higher ambient noise levels compared to more secluded residential streets.
About 1516 Grove Way
Welcome to Hayward! This home has new flooring throughout the living area and bedrooms, fresh interior paint, fresh exterior paint and a new roof. Additional features include: a fireplace in the living room, inside laundry room, dining room, breakfast nook, and included appliances.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,936 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Hayward Unified Schools
Strobridge Elementary School
Grades K-6 • 0.1 mi
Bret Harte Middle School
Grades 7-8 • 1.2 mi
Hayward High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,557 | 1,558 | 50% |
| Lot Size | 6,936 | 6,242 | 61% |
| Price | $850.0K | $1.08M | 18% |
| Price per sq ft | $546 | $685 | 16% |
| Built year | 1950 | 1955 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 171 | 9% |
Pricing History
Listed for Sale
Mar 5, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Price Change
Jan 7, 2026
$899,000
Initial Listing