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24920 Soto Rd, Hayward, California 94544, Hayward, 94544 - 5 bed, 4 bath

24920 Soto Rd, Hayward, California 94544 home-pic-0
ACTIVE$955,000
24920 Soto Rd, Hayward, California 94544
5Beds
4Baths
2,388Sqft
6,339Lot

Price Vs. Estimate

The estimated value ($1,010,000) is $55,000 (5%) higher than the list price ($955,000). This property may be underpriced.

Key pros and cons

Top Pros:
Multigenerational Living & Income Potential: The property offers a private, updated in-law/studio unit with a full kitchenette, providing excellent flexibility for multigenerational living or significant rental income potential.
Top Cons:
Age of Property & Unspecified System Updates: Built in 1962, the property's age suggests potential for older core systems (e.g., plumbing, electrical, HVAC) that may not have been fully updated, despite cosmetic renovations.

Compared to the nearby listings

Price:$955.0K vs avg $900.0K (+$55,000)64%
Size:2,388 sqft vs avg 1,386 sqft86%
Price/sqft:$400 vs avg $6473%

More Insights

Built in 1962 (63 years old).
Condition: Built in 1962, this property has undergone significant renovations, particularly in the in-law unit and primary bathroom, which feature modern fixtures, updated vanities, and stylish tile work, appearing to be updated within the last 5-15 years. The main kitchen boasts modern stainless steel appliances, though the Corian countertops and cabinet style are somewhat dated, suggesting an earlier renovation. Modern laminate flooring is present throughout. While move-in ready with no immediate renovations required, the age of the original structure and the absence of central cooling prevent an 'Excellent' rating, and some elements of the main kitchen are not fully contemporary.
Year Built
1962
Close
-
List price
$955K
Original List price
$1.01M
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
41114976
Home ConditionGood
Features
Deck
Patio
View-

About this home

Located in the Heart of the Bay this spacious multigenerational or income producing home has so much to offer. You are greeted by a generous corner lot w/ample off street parking & established low maintenance front yard. Inside, the bright living room & beautiful brick wood burning fireplace draw you in. The first floor offers three bedrooms, one and a half baths, the hall bath is complete with tile and spacious vanity with a vessel sink, the cozy kitchen features Corian counters, stainless appliances and views of the backyard. The adjacent dining and family room space are perfect for entertaining or family dinners/movie nights. The second floor is accessible from the family room, the large primary bedroom offers a private balcony, a generous walk in closet, laundry room and Jack and Jill bath. The bath features a generous sized walk in shower, with glass tile details and glass doors. Access to the second upstairs bedroom from the hallway or bath make for easy living. The backyard offers low maintenance living, a spacious Tuff Shed for storage and one of two access points to the private "In Law"/Studio space. Completely private, the updated space features a full size kitchenette, open concept bedroom(6) and living/dining space. Great rental income potential.

Condition Rating
Good
Built in 1962, this property has undergone significant renovations, particularly in the in-law unit and primary bathroom, which feature modern fixtures, updated vanities, and stylish tile work, appearing to be updated within the last 5-15 years. The main kitchen boasts modern stainless steel appliances, though the Corian countertops and cabinet style are somewhat dated, suggesting an earlier renovation. Modern laminate flooring is present throughout. While move-in ready with no immediate renovations required, the age of the original structure and the absence of central cooling prevent an 'Excellent' rating, and some elements of the main kitchen are not fully contemporary.
Pros & Cons

Pros

Multigenerational Living & Income Potential: The property offers a private, updated in-law/studio unit with a full kitchenette, providing excellent flexibility for multigenerational living or significant rental income potential.
Generous Corner Lot & Ample Parking: Situated on a desirable corner lot, the property benefits from ample off-street parking, a valuable feature for multiple vehicles or guests.
Updated Kitchen with Modern Amenities: The kitchen features Corian counters and stainless steel appliances, offering a contemporary and functional space for cooking.
Well-Appointed Primary Suite: The large primary bedroom includes a private balcony, a generous walk-in closet, an in-suite laundry room, and a Jack and Jill bath with a spacious walk-in shower.
Low-Maintenance Landscaping & Storage: Both the front and back yards are designed for low maintenance, complemented by a spacious Tuff Shed for additional storage solutions.

Cons

Age of Property & Unspecified System Updates: Built in 1962, the property's age suggests potential for older core systems (e.g., plumbing, electrical, HVAC) that may not have been fully updated, despite cosmetic renovations.
Absence of Central Cooling System: The property description does not mention a cooling system, which could be a significant comfort concern for buyers during warmer periods in the Bay Area.
Recent Price Reduction: A notable price reduction from the original listing price may indicate initial overvaluation or challenges in attracting buyer interest, potentially signaling market resistance.

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