37029 Olive Street, Newark, California 94560, Newark, 94560 - 4 bed, 2 bath

37029 Olive Street, Newark, California 94560 home-pic-0

37029 Olive Street

Newark, California 94560

ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,415Sq Ft
7,500Lot Size

Property Price

LIST PRICE$1,349,000
EST. MARKET VALUE
$1,309,541
3% AboveMARKET VALUE

SUMMARY

Analysis of 37029 Olive Street, Newark, California 94560 reveals a property with a current list price of $1,349,000, which is 3% above the estimated $1,309,541 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newark 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

$1,309,541
Based on Realkey algorithm analyzing recent comparable sales in Newark.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
37029 Olive Street
Subject
$1,349,000*
List Price
421,415$925-
A
6025 Radcliffe Avenue
Sold
$1,195,000421,464$8160.8 mi
B
36664 Magnolia St
Sold
$1,351,000421,482$9120.4 mi
C
37768 Rockspray St
Sold
$1,411,288421,512$9330.9 mi
D
6252 Bennington Drive
Active
$1,200,000
List Price
421,464$8200.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property underwent a comprehensive, permitted remodel and expansion completed in 2023, effectively bringing the 1940s structure to modern standards. It features a contemporary kitchen with a statement island and new Samsung stainless steel appliances, updated bathrooms, and high-end infrastructure upgrades including a new 200-amp electrical service, central HVAC, tankless water heater, and EV-ready charging. The interior is finished with modern recessed lighting and updated flooring throughout, showing no signs of deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1415.

  • Comprehensive 2023 Modernization

    The property underwent a full permitted expansion and remodel in 2023, featuring upgraded 200-amp electrical service, central HVAC, an EV-ready outlet, and a modern primary suite.

  • Expansive Lot with ADU Potential

    The rare 7,500 sq ft lot provides significant outdoor space for entertaining and offers excellent potential for an Accessory Dwelling Unit (ADU) to increase property value.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1415, other record living area = 1359.

  • Limited Covered Parking

    The property only includes a detached one-car garage, which may be insufficient for a four-bedroom home typically housing multiple drivers.

  • Average School Ratings

    The assigned public schools have modest ratings ranging from 4 to 6, which may be a drawback for families prioritizing high-performing educational districts.

About 37029 Olive Street

Fully remodeled and expanded with permitted improvements completed in 2023, this upgraded 4-bedroom, 2-bath home offers 1,415 square feet of modern living on a rarely available 7,500 sq ft lot. Designed for todays lifestyle, the open layout features a spacious primary suite with private bath and a remodeled kitchen with statement island, Samsung stainless appliances including gas range, refrigerator & dishwasher, and seamless flow into the main living areas. Samsung washer and dryer included. Recent upgrades include new 200-amp electrical service, central heating and air conditioning, recessed lighting, energy-efficient tankless water heater, centralized ethernet cabling, EV-ready 220V outlet, and a fully wired surveillance camera system included. A detached one-car garage provides secure parking or storage flexibility. The generous backyard offers exceptional space for entertaining, gardening, or potential future expansion, including ADU possibilities (buyer to verify with city). Ideally located in Newark with convenient access to Highway 880, Dumbarton Bridge, Ranch 99, Costco, and major employers including Meta and Tesla. Recent permitted expansion, upgraded infrastructure, and the rare 7,500 sq ft lot create a compelling value proposition in todays market.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1940
Lot Size
7,500 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newark Unified Schools

August Schilling Elementary School

Grades K-6 • 0.6 mi

4/10

James A. Graham Elementary School

Grades K-6 • 0.7 mi

5/10

Birch Grove Intermediate

Grades 3-6 • 0.7 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths2.02.0
50%
Square foot1,4151,829
28%
Lot Size7,5006,060
75%
Price$1.35M$1.43M
37%
Price per sq ft$953$801
85%
Built year19401967
2%
HOA$0$0
50%
Days on market16173
2%

Pricing History

Listed for Sale

Mar 5, 2026

$1,349,000

$1,388,000

-3% Price Drop

Initial Listing

Price Change

Feb 19, 2026

$1,388,000

Initial Listing

Sold

Sep 12, 2022

$783,000

Public Record

Browse Properties by State Browse housing market trends by state