
Newark, California 94560
This Modernized Single-Family Residence is a Prime Investment Opportunity, listed at $1,248,000—positioned well below the $1,285,921 Fair Market Value by 2%. This valuation gap provides $37,921 in Instant Equity. Boasting a Condition Score of 2, the home features a comprehensive 2023 remodel, Samsung stainless appliances, and a rare 7,500 sqft lot with ADU potential. Located near Meta and Tesla hubs and Birch Grove Intermediate, it offers both immediate luxury and future appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37029 Olive Street Subject | $1,248,000* List Price | 4 | 2 | 1,415 | $909 | - |
A 6252 Bennington Drive Sold | $1,275,000 | 4 | 2 | 1,464 | $871 | 0.7 mi |
B 6025 Radcliffe Avenue Sold | $1,195,000 | 4 | 2 | 1,464 | $816 | 0.8 mi |
C 37768 Rockspray St Sold | $1,411,288 | 4 | 2 | 1,512 | $933 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive, permitted remodel and expansion completed in 2023, effectively making it a like-new home. The interior features a modern kitchen with a waterfall island and stainless Samsung appliances, designer-remodeled bathrooms with contemporary tile and black fixtures, and new flooring throughout. Major infrastructure is also updated, including a new 200-amp electrical panel, central HVAC, and a tankless water heater.
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.
The property features a fully permitted 2023 expansion and remodel, including upgraded 200-amp electrical, central HVAC, and modern finishes, ensuring a move-in-ready experience with minimal immediate maintenance.
Situated on a rare 7,500 sqft lot, the property provides ample space for outdoor entertaining and significant potential for future value-add through the construction of an Accessory Dwelling Unit (ADU).
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1415, other record living area = 1359.
With over 50 days on the market and six consecutive price reductions, the property may face a perception of being overvalued or having underlying buyer concerns despite its recent upgrades.
The detached one-car garage is relatively small for a four-bedroom family home, which may present storage and parking challenges for modern households with multiple vehicles.
Fully remodeled and expanded with permitted improvements completed in 2023, this updated 4-bedroom, 2-bath home offers modern living with a large backyard for BBQs and gatherings. Designed for todays lifestyle, the open layout features a spacious primary suite with private bath and a remodeled kitchen with an 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, Electric Vehicle-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 today's market.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.7 mi
Grades 3-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,415 | 1,899 | 25% |
| Lot Size | 7,500 | 6,000 | 78% |
| Price | $1.25M | $1.47M | 25% |
| Price per sq ft | $882 | $798 | 67% |
| Built year | 1940 | 1968 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 166 | 17% |
Apr 14, 2026
$1,248,000
$1,249,000
+0% Price Increase
Initial Listing
Mar 28, 2026
$1,249,000
$1,278,888
-2% Price Drop
Initial Listing
Mar 20, 2026
$1,278,888
$1,288,888
-1% Price Drop
Initial Listing
Mar 15, 2026
$1,288,888
$1,349,000
-4% Price Drop
Initial Listing
Mar 5, 2026
$1,349,000
$1,388,000
-3% Price Drop
Initial Listing
Feb 19, 2026
$1,388,000
Initial Listing
Sep 12, 2022
$783,000
Public Record