42348 Blacow Road, Fremont, California 94538, Fremont, 94538 - 3 bed, 2 bath
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Fremont, California 94538
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $1,022,575 Fair Market Value by 2%. This valuation gap offers $27,575 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, yet its location in the Irvington District near top-rated schools like Irvington High ensures long-term value. This is an ideal acquisition for Fix-and-Flip Investors or first-time buyers capable of executing a value-add renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42348 Blacow Road Subject | $995,000* List Price | 3 | 2 | 1,056 | $968 | - |
A 3864 Jamestown Road Pending | $1,150,000 List Price | 3 | 2 | 1,112 | $1,034 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957 with no evidence of recent renovations, this property is over 60 years old and shows significant signs of neglect. Interior images reveal heavily stained, worn carpeting and dated fixtures, while the exterior shows unkempt landscaping. The listing's description explicitly mentions the need for 'TLC' and 'updating,' categorizing it as a rehab project requiring major work to systems and finishes.
Situated in the highly desirable Irvington District, this property offers access to top-tier schools including Irvington High and Grimmer Elementary, significantly bolstering its long-term resale value.
Marketed as a 'TLC' opportunity, this home is ideal for first-time buyers or investors looking to build immediate equity through modernization and personalized renovations in a high-demand area.
The 5,000-square-foot lot includes a spacious backyard with mature fruit trees, providing a private retreat with ample room for gardening, entertaining, or potential expansion.
The property is noted as needing updates and personal touches, implying that buyers will need to budget for significant immediate out-of-pocket expenses for repairs and modernization.
With only 1,056 square feet of living space for a 3-bedroom, 2-bath configuration, the interior layout may feel restrictive for families seeking more spacious or open-concept environments.
Charming opportunity in the highly desirable Irvington District of Fremont! This 3-bedroom, 2-bath home is full of potential and ready for your personal touch. With a little TLC, this property could truly shine as the perfect starter home for a 1st time buyer or an excellent investment opportunity. Ideally located in a great neighborhood and near major employment centers. Easy access to freeways, shopping, dining, and commuter routes, this home also benefits from highly sought-after schools. Functional layout with plenty of possibilities to update and make it your own. The nicely sized backyard with mature fruit trees offers ample space for entertaining, gardening, or creating your dream outdoor retreat. Whether you're a first-time buyer looking to build equity or an investor searching for a property in a prime location, this is an opportunity you won't want to miss! Open house 5/30 and 5/31 1-4 PM.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,056 | 1,324 | 10% |
| Lot Size | 5,000 | 6,000 | 13% |
| Price | $995.0K | $1.42M | 1% |
| Price per sq ft | $942 | $1.1K | 29% |
| Built year | 1957 | 1961 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 93 | 1% |
May 27, 2026
$995,000
Initial Listing