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21798 Independent School Rd, Castro Valley, California 94552, Castro Valley, 94552 - 8 bed, 8 bath

21798 Independent School Rd, Castro Valley, California 94552 home-pic-0
ACTIVE$2,395,000
21798 Independent School Rd, Castro Valley, California 94552
8Beds
8Baths
6,680Sqft
14,861Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Dual Residence Configuration: Features two distinct homes on one expansive lot, offering exceptional versatility for multi-generational living, extended family, or significant income-generating potential.
Top Cons:
Main Home Requires Investment: The primary residence is described as needing 'finishing touches and customization,' indicating a requirement for additional capital expenditure and renovation effort from the buyer.

Compared to the nearby listings

Price:$2.40M vs avg $1.49M (+$905,000)93%
Size:6,680 sqft vs avg 2,213.5 sqft98%
Price/sqft:$359 vs avg $6652%

More Insights

Built in 1976 (49 years old).
Condition: Built in 1976, this property is 48 years old. While one of the two residences is described as 'move-in ready,' images reveal dated bathrooms with laminate countertops, basic fixtures, and builder-grade lighting, placing it in the 'Fair' category. However, the main residence is explicitly stated to require 'finishing touches and customization,' and images clearly show it as an active renovation site with subfloors, unfinished bathrooms, and a master bath featuring a very dated glass block shower and stepped tub. This significant portion of the property is currently unlivable and requires substantial rehabilitation and investment to complete, aligning with the 'Poor' condition criteria.
Year Built
1976
Close
-
List price
$2.4M
Original List price
$2.5M
Price/Sqft
$359
HOA
-
Days on market
-
Sold On
-
MLS number
41106119
Home ConditionPoor
Features
Good View: Bay, City Lights, Canyon, Park/Greenbelt, Hills, Panoramic, Valley, Trees/Woods, Water
Patio
ViewBay,City Lights,Canyon,Park/Greenbelt,Hills,Panoramic,Valley,Trees/Woods,Water

About this home

Two Homes On One Lot - Ideal for Family/Multigenerational Living or Investment Opportunity! A rare and versatile opportunity! This property features two homes on an expansive 14,864 sqft lot offering a total of 8 bedrooms, 8 bathrooms, and 6,680 sq.ft of living space. Perfect for multigenerational living, extended families or income producing potential. The main home offers 5 bedrooms and 4 bathrooms and is ready for your finishing touches and customization. A flex space with its own private bathroom makes an ideal home office, gym, creative studio or guest suite. The second home is move in ready 3 bedrooms, 3 bath residence providing immediate options for family, rental income or guest accommodations. . Step outside to enjoy the beautifully landscaped grounds including numerous fruit trees, a detached storage shed, and plenty of space for outdoor entertaining or gardening. Conveniently located near shopping, restaurants, and boasting quick access to 580, 238, and 880 freeways, this property is a rare find offering space, versatility, and incredible potential. Live in one, finish the other – or rent both! A true gem with endless possibilities. A property like this does not come around that often! Views: Ridge

Condition Rating
Poor
Built in 1976, this property is 48 years old. While one of the two residences is described as 'move-in ready,' images reveal dated bathrooms with laminate countertops, basic fixtures, and builder-grade lighting, placing it in the 'Fair' category. However, the main residence is explicitly stated to require 'finishing touches and customization,' and images clearly show it as an active renovation site with subfloors, unfinished bathrooms, and a master bath featuring a very dated glass block shower and stepped tub. This significant portion of the property is currently unlivable and requires substantial rehabilitation and investment to complete, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Dual Residence Configuration: Features two distinct homes on one expansive lot, offering exceptional versatility for multi-generational living, extended family, or significant income-generating potential.
Generous Space & Lot: Boasts an impressive 6,680 sqft of living area across 8 bedrooms and 8 bathrooms, situated on a large 14,864 sqft lot, providing ample room and privacy.
Panoramic Views: Enjoys diverse and expansive views including Bay, City Lights, Canyon, Hills, Panoramic, Valley, Trees/Woods, and Water, significantly enhancing desirability and property value.
Strategic Location: Offers convenient access to major freeways (580, 238, 880) and proximity to local amenities like shopping and restaurants, appealing to commuters and families.
Outdoor Amenities & Potential: Features beautifully landscaped grounds with numerous fruit trees, a detached storage shed, and abundant space for outdoor entertaining or gardening.

Cons

Main Home Requires Investment: The primary residence is described as needing 'finishing touches and customization,' indicating a requirement for additional capital expenditure and renovation effort from the buyer.
Property Age: Built in 1976, the property is approaching 50 years old, which may imply potential for outdated systems, infrastructure, or the need for significant updates to meet modern standards.
Recent Price Adjustment: A recent price reduction from $2.5M to $2.395M could suggest initial overpricing or a longer market time, potentially impacting buyer perception of value.

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