37136 Magnolia Street, Newark, California 94560, Newark, 94560 - 2 bed, 1 bath
ACTIVE$860,000
37136 Magnolia Street, Newark, California 94560
2Beds
1Bath
832Sqft
7,500Lot
Year Built
1915
Close
-
List price
$860K
Original List price
$799K
Price/Sqft
$1,034
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021075
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $860.0K(5th), sqft - 832(1th), beds - 2(3th), baths - 1(11th).
Welcome to your perfect starter home! This cozy residence features a comfortable layout and plenty of potential to make it your own. The spacious lot provides room for future additions or outdoor living upgrades, making it a smart investment opportunity. The detached garage may be converted to an ADU for added value. Conveniently located near Hwy 84, Dumbarton Bridge, shopping, parks, and daily errands. The options here are a rarityand for the value, you cant go wrong. Dont miss outthis home is full of possibilities and will be sold as-is. Must see!
Nearby schools
6/10
Birch Grove Intermediate
Public,•3-6•0.7mi
4/10
August Schilling Elementary School
Public,•K-6•0.7mi
5/10
James A. Graham Elementary School
Public,•K-6•0.8mi
4/10
Newark Junior High School
Public,•7-8•1.0mi
5/10
Newark Memorial High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
09/22/25
Price Change
$860,000+7.7%
09/10/25
Listing
$798,800
Condition Rating
Poor
Built in 1915, this property is over 100 years old and is being sold 'as-is,' indicating a need for substantial work. While the interior shows fresh paint and some updated flooring, the kitchen features dated cabinets and countertops (despite a newer range), and the bathroom is conspicuously absent from photos. Exposed electrical conduit in the bedroom is a significant safety concern. The exterior and detached garage show considerable wear and tear. Overall, the property requires extensive rehabilitation and updates to major systems to meet modern safety and comfort standards.
Pros & Cons
Pros
Significant Expansion Potential: The generous 7500 sqft lot provides ample space for future additions, outdoor living enhancements, and the potential to convert the detached garage into an Accessory Dwelling Unit (ADU), offering substantial value-add opportunities.
Strategic Commuter Location: Highly convenient location near Hwy 84 and the Dumbarton Bridge, making it ideal for commuters, with easy access to shopping, parks, and daily necessities.
Ideal Starter Home: Marketed as a 'perfect starter home' with a comfortable layout, appealing to first-time homebuyers looking for an entry point into the Newark market.
Investment Opportunity: The combination of a large lot, ADU potential, and desirable location positions this property as a strong investment for buyers seeking to build equity through improvements.
Customization Potential: The description highlights 'plenty of potential to make it your own,' offering buyers the flexibility to personalize and modernize the residence to their taste.
Cons
Sold 'As-Is' Condition: The property is being sold 'as-is,' which implies that buyers should budget for immediate repairs, renovations, or upgrades, as the seller will not be addressing these.
Advanced Age of Structure: Built in 1915, the home is over 100 years old, likely requiring significant updates to its systems (electrical, plumbing, HVAC) and potentially structural components to meet modern standards and comfort.
Recent Price Increase: The list price recently increased from $798,800 to $860,000, which could be perceived as an aggressive pricing strategy or a potential overvaluation, possibly deterring some buyers.