506 Caleb Pl, Hayward, California 94544, Hayward, 94544 - 3 bed, 2 bath
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Hayward, California 94544
This property presents a High-Potential Investment Opportunity with a List Price of $998,888—positioned well below the $1,031,848 Fair Market Value by 3%. This valuation gap offers $32,960 in Instant Equity for buyers. Featuring a Fair Condition Rating and a massive 8,364 sq. ft. lot, the home offers significant ADU potential and room for expansion. While the local school district presents challenges, the quiet court location provides long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 Caleb Pl Subject | $998,888* List Price | 3 | 2 | 1,385 | $745 | - |
A 278 Saint Andrews St Sold | $1,100,000 | 3 | 2 | 1,250 | $880 | 0.4 mi |
B 649 Cherokee Ct Sold | $900,000 | 3 | 2 | 1,392 | $647 | 0.5 mi |
C 113 113 Lafayette Ave Sold | $855,000 | 3 | 2 | 1,221 | $700 | 0.6 mi |
D 584 Eleanor Place Sold | $1,002,500 | 3 | 2 | 1,175 | $853 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955 and held by original owners, the home is exceptionally well-maintained but dated. While the kitchen has received some updates like stone countertops and a stainless microwave, the cabinets, electric coil-top stove, popcorn ceilings, and wall-to-wall carpeting indicate the property is largely in a 20+ year-old state. It is move-in ready but requires cosmetic and likely system modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8364, living area = 1385.
The premium 8,364 sq. ft. lot is exceptionally large for the area, providing significant space for outdoor entertaining, home expansion, or the construction of an Accessory Dwelling Unit (ADU).
Situated on a quiet, private court with minimal through traffic, the property offers enhanced privacy and a safe, neighborhood-centric environment in the desirable El Rancho Verde subdivision.
The property is served by local schools with relatively low ratings, including a middle school rated 1/10, which may impact long-term appreciation and appeal to education-focused families.
Built in 1955 and held in original condition, the home likely requires substantial capital investment for cosmetic and system upgrades to meet modern functional and aesthetic standards.
Open House Sunday 5/31 12:30PM - 3:30PM. First Time on the Market! Original Owners! Tucked away on a quiet court in a desirable Hayward neighborhood, this rare opportunity offers a premium 8,364 sq. ft. lot—an exceptional feature you don’t come across often. Lovingly maintained and on the market for the very first time, this home presents a unique chance to own a property with both space and long-term potential. The expansive lot is complemented by professionally designed landscaping, creating a welcoming setting with room to expand, entertain, or explore future possibilities such as an ADU (buyer to verify). The court location provides added privacy, minimal through traffic, and a true neighborhood feel. Whether you're looking to personalize a home to your taste or secure a property with strong upside, this is the kind of opportunity savvy buyers wait for. Don't miss this home with a rare premium lot and Redwood Trees
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.4 mi
Grades 7-8 • 1.9 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 | 1,385 | 1,335.5 | 51% |
| Lot Size | 8,364 | 5,035 | 97% |
| Price | $998.9K | $895.0K | 63% |
| Price per sq ft | $721 | $643 | 68% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 122 | 1% |
May 14, 2026
$998,888
Initial Listing