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16050 Via Olinda, San Lorenzo, California 94580, San Lorenzo, 94580 - 3 bed, 3 bath

16050 Via Olinda, San Lorenzo, California 94580 home-pic-0
ACTIVE$868,000
16050 Via Olinda, San Lorenzo, California 94580
3Beds
3Baths
1,498Sqft
5,100Lot
Year Built
1945
Close
-
List price
$868K
Original List price
$899K
Price/Sqft
$579
HOA
$125
Days on market
-
Sold On
-
MLS number
41113563
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $868.0K(59th), sqft - 1498(73th), beds - 3(50th), baths - 3(85th).

Perfect for multi-generation living! This 3 bed/3 bath single-family home in the desirable San Lorenzo Village offers plenty of space and flexibility. The front portion features 2 bedrooms, 1 bathroom, a spacious living and dining room, and an open kitchen. Step through the connecting door to discover the back portion with a wet bar and breakfast area, a cozy family room, a private bedroom suite, plus 2 bonus rooms for office, hobby, or guest use. The backyard includes a sturdy enclosed shed—ideal for storage or a home office—along with a decent-sized yard for gatherings or gardening. Additional highlights include hardwood flooring throughout and a one-car garage. Don’t miss this unique opportunity to make it your own!

Price History

Date
Event
Price
10/31/25
Price Change
$868,000-3.4%
10/02/25
Listing
$899,000
Condition Rating
Fair
The property was built in 1945, making it an older home. While some areas show signs of updates, such as the grey laminate flooring in some rooms and one of the bathrooms with a modern vanity and glass-enclosed shower, the overall condition points to a 'Fair' rating. The kitchen features light wood cabinets and a mix of black and stainless steel appliances, which appear functional but are dated in style, likely from 15-25 years ago. The laundry area is very basic and unfinished. The hardwood flooring in the main living areas appears well-maintained but not new. The property is aged but has been maintained with occasional updates rather than a comprehensive recent renovation, fitting the 'Fair' criteria where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Multi-Generational Living Design: The property is explicitly designed for multi-generational living, offering a flexible layout with distinct front and back portions, including a private bedroom suite and separate living areas.
Versatile Bonus Spaces: Includes a wet bar, breakfast area, family room, and two additional bonus rooms, providing significant flexibility for use as offices, hobby rooms, or guest accommodations.
Desirable Neighborhood: Located in the 'San Lorenzo Village,' a neighborhood highlighted as desirable, which can contribute to property value and lifestyle appeal.
Outdoor Living & Storage: Features a decent-sized backyard suitable for gatherings or gardening, complemented by a sturdy enclosed shed ideal for storage or a home office.
Recent Price Adjustment: The property has seen a recent price reduction from $899,000 to $868,000, potentially offering a more attractive entry point for buyers.

Cons

Age of Property: Built in 1945, the home is older, which may imply outdated systems (electrical, plumbing, HVAC) or require significant maintenance and modernization efforts in the near future.
Limited Parking/Garage: The property features only a one-car garage, which may be insufficient for a multi-generational household or families with multiple vehicles, especially given the home's flexible living spaces.
Potential Overpricing: The current list price of $868,000 is higher than the estimated property value of $817,448.01, suggesting it might be priced above current market expectations according to available estimations.

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