39965 Potrero Dr, Newark, California 94560, Newark, 94560 - 4 bed, 3 bath
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Newark, California 94560
This Functional Value-Add Residence is listed at $999,000, matching its $999,000 Fair Market Value and representing a stable entry point into the Newark market. Featuring a desirable main-level bedroom and full bath, the property holds a Condition Rating of 4, offering a clear opportunity for forced appreciation through cosmetic updates. Residents benefit from low HOA fees including a pool and greenbelt, with prime access to Newark Memorial High School and major tech employers like Tesla. This asset is perfectly suited for Owner-Occupants seeking to build equity or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39965 Potrero Dr Subject | $1,099,000* List Price | 4 | 3 | 1,720 | $626 | - |
A 6361 6361 Potrero Dr Sold | $1,178,000 | 3 | 3 | 1,766 | $667 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, this property is 30 years old. While it appears well-maintained with updated flooring in the living areas, the bathroom, though featuring granite/quartz countertops and undermount sinks, exhibits a style (e.g., light fixture, specific countertop pattern) that suggests a renovation from 10-15 years ago, making it functional but aesthetically dated. No kitchen images were provided, but the overall context and the listing's explicit mention of a 'value-add opportunity' and the need for 'updates or renovations to modernize aesthetics or systems' indicate that while the home is aged and maintained, it requires minor updates to meet current quality and style standards.
The property is priced approximately 25% below prior market highs, presenting a strong value opportunity in a desirable Newark location.
Features a practical floor plan with a convenient bedroom and full bathroom located on the main level, offering flexibility for various living needs.
Low HOA fees include access to a pool, park, greenbelt, common area maintenance, and trash services, enhancing lifestyle and reducing individual expenses.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1963, living area = 1720.
The property features a detached 1-car garage, which may offer less convenience and limited space compared to an attached or larger garage.
Built in 1994, the property may require updates or renovations to modernize aesthetics or systems, aligning with its 'value-add' description.
Property is priced 15% below prior market highs, offering strong value in a prime Newark location. Functional floor plan with a bedroom and full bath on the main level. Detached 1-car garage. Low HOA includes pool, park, greenbelt, common area maintenance, and trash. Excellent access to I-880, BART, shopping, hospitals, and major tech employers. Ideal for investors or buyers seeking a value-add opportunity.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 3.0 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 1,720 | 1,763 | 49% |
| Lot Size | 1,963 | 6,341.5 | 10% |
| Price | $1.10M | $1.47M | 11% |
| Price per sq ft | $639 | $855 | 5% |
| Built year | 1994 | 1969 | 71% |
| HOA | $240.0 | $0 | 93% |
| Days on market | 176 | 114 | 77% |
May 14, 2026
$1,099,000
$999,000
+10% Price Increase
Initial Listing
Dec 20, 2025
$999,000
Initial Listing
Aug 7, 2014
$570,000
Public Record
Apr 19, 2005
$636,000
Public Record
Feb 7, 1995
$221,000
Public Record