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

37029 Olive Street
Newark, California 94560
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37029 Olive Street Subject | $1,349,000* List Price | 4 | 2 | 1,415 | $925 | - |
A 6025 Radcliffe Avenue Sold | $1,195,000 | 4 | 2 | 1,464 | $816 | 0.8 mi |
B 36664 Magnolia St Sold | $1,351,000 | 4 | 2 | 1,482 | $912 | 0.4 mi |
C 37768 Rockspray St Sold | $1,411,288 | 4 | 2 | 1,512 | $933 | 0.9 mi |
D 6252 Bennington Drive Active | $1,200,000 List Price | 4 | 2 | 1,464 | $820 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
James A. Graham Elementary School
Grades K-6 • 0.7 mi
Birch Grove Intermediate
Grades 3-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,415 | 1,829 | 28% |
| Lot Size | 7,500 | 6,060 | 75% |
| Price | $1.35M | $1.43M | 37% |
| Price per sq ft | $953 | $801 | 85% |
| Built year | 1940 | 1967 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 173 | 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



































