
Newark, California 94560
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $1,149,000—positioned well below the $1,248,390 Fair Market Value by 7%. This valuation gap offers $99,390 in Instant Equity for the buyer. Featuring a 2023 Permitted Remodel and an Excellent Condition Rating, the home includes a modern kitchen, central HVAC, and EV-ready infrastructure. With a massive 7,500 sq ft lot offering ADU Potential, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a high-utility asset near major tech hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37029 Olive Street Subject | $1,149,000* List Price | 4 | 2 | 1,415 | $882 | - |
A 6252 Bennington Drive Sold | $1,275,000 | 4 | 2 | 1,464 | $871 | 0.7 mi |
B 35934 Anjou Place Sold | $1,250,000 | 5 | 2 | 1,580 | $791 | 1.0 mi |
C 6241 Cotton Ave Sold | $1,155,000 | 4 | 2 | 1,354 | $853 | 0.5 mi |
D 36284 Birkshire Place Active Under Contract | $1,299,000 List Price | 4 | 2 | 1,464 | $887 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a full permitted remodel and expansion completed in 2023, placing it well within the <5-year renovation window for an Excellent rating. It features a modern kitchen with high-end Samsung appliances, updated bathrooms with contemporary fixtures, and completely upgraded systems 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 underwent a full permitted expansion and modernization in 2023, featuring updated infrastructure like a 200-amp electrical panel, EV-ready charging, and a tankless water heater.
The generous 7,500 sq ft lot is rare for the area, providing ample space for outdoor entertaining and significant potential for an Accessory Dwelling Unit (ADU) to increase property value.
The local public schools serving the property have ratings ranging from 4 to 6, which may be a drawback for families prioritizing high-performing educational districts.
With only a detached one-car garage for a four-bedroom residence, the property offers limited secure parking and storage for multi-vehicle households.
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 | 2.0 | 50% |
| Square foot | 1,415 | 1,763 | 33% |
| Lot Size | 7,500 | 6,435 | 77% |
| Price | $1.15M | $1.47M | 15% |
| Price per sq ft | $812 | $855 | 38% |
| Built year | 1940 | 1969 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 113 | 1% |
May 22, 2026
$1,149,000
Initial Listing
Sep 12, 2022
$783,000
Public Record