37266 Spruce Street, Newark, California 94560, Newark, 94560 - 3 bed, 1 bath
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Newark, California 94560
This Value-Add Single-Family Residence presents a Prime Investment Opportunity with a List Price of $948,000—positioned well below the $982,433 Fair Market Value by 3%. This valuation gap offers $34,433 in Instant Equity for buyers. While maintaining a Condition Rating of 4 with a functional Granite Kitchen, the property’s expansive 7,500 sq ft lot provides significant ADU Potential. Proximity to Birch Grove Intermediate and major Silicon Valley hubs ensures strong future demand. 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 |
|---|---|---|---|---|---|---|
★ 37266 Spruce Street Subject | $948,000* List Price | 3 | 1 | 1,048 | $937 | - |
A 7698 Redbud Ct Sold | $941,000 | 3 | 1 | 1,087 | $866 | 0.5 mi |
B 6364 6364 Noel Ave Sold | $845,000 | 3 | 1 | 942 | $897 | 0.8 mi |
C 36702 Olive St Sold | $1,215,000 | 3 | 2 | 1,118 | $1,087 | 0.6 mi |
D 6278 Dairy Ave Sold | $865,000 | 2 | 1 | 952 | $909 | 0.9 mi |
E 36569 Beutke Drive Active | $965,000 List Price | 4 | 3 | 1,073 | $899 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this property is well-maintained but largely reflects older standards. While the kitchen features granite countertops, the cabinetry and appliances are dated, and the home only offers one bathroom for three bedrooms. The flooring and fixtures show regular upkeep but lack recent full-scale renovation, making it a prime candidate for personalization and modernization.
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 = 1048.
The expansive 7,500 sq ft lot provides significant opportunities for future expansion or the addition of an Accessory Dwelling Unit (ADU), offering excellent value-add potential for investors or growing families.
Ideally situated with easy access to I-880 and the Dumbarton Bridge, this property offers a convenient commute to major Silicon Valley and Peninsula job centers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1048, other record living area = 748. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With three bedrooms but only one bathroom, the home's layout may be less desirable for modern families or those seeking a primary suite.
The 1,048 sq ft interior is relatively small for a three-bedroom residence, which may result in smaller individual room sizes and limited common living space.
Charming single-story home situated on a spacious 7,500 sq ft lot in a quiet and established Newark neighborhood. The home offers a bright and functional layout with plenty of natural light. The kitchen features granite countertops and cabinet space. The generous backyard provides plenty of room for outdoor enjoyment, gardening, or future expansion possibilities, including potential ADU opportunities (buyer to verify with city). A long driveway offers convenient off-street parking. Conveniently located near parks, shopping centers, schools, and major commute routes including I-880 and the Dumbarton Bridge, providing easy access to Silicon Valley and Peninsula job centers. A great opportunity for buyers looking to personalize a home and create value in a desirable Newark location.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.0 mi
Grades 3-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 1.0 | 3.0 | 7% |
| Square foot | 1,048 | 1,899 | 5% |
| Lot Size | 7,500 | 6,000 | 78% |
| Price | $948.0K | $1.47M | 10% |
| Price per sq ft | $905 | $798 | 70% |
| Built year | 1947 | 1968 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 166 | 1% |
Mar 25, 2026
$948,000
Initial Listing
May 18, 2016
$555,000
Public Record