588 Craig Road, Hillsborough, California 94010, Hillsborough, 94010 - 5 bed, 5 bath
588 Craig Road
Hillsborough, California 94010
Property Price
SUMMARY
Analysis of 588 Craig Road, Hillsborough, California 94010 reveals a property with a current list price of $9,500,000, which is 18% above the estimated $8,017,809 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Hillsborough Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property was completely rebuilt and expanded from the foundation up in 2021, effectively making it a new construction. It features high-end modern farmhouse aesthetics, including a chef's kitchen with Thermador appliances and an 11-foot island, 16-foot ceilings, premium wood flooring, and La Cantina doors. All major systems, including the pool and ADU, are less than five years old, representing the highest quality with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22650, living area = 4763.
- Great Schools
Elementary School: North Hillsborough School (9/10). Middle School: Crocker Middle School (9/10). High School: Burlingame High School (9/10).
- Comprehensive 2021 Rebuild
Rebuilt from the foundation up in 2021, this modern farmhouse offers a turnkey luxury experience featuring 16-foot ceilings, premium Thermador appliances, and seamless indoor-outdoor integration via La Cantina doors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22650, other record lot size in square feet = 22757. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4763, other record living area = 3721.
- Premium Price Point
At a $9.5 million list price, the property represents a significant capital investment that may limit the pool of qualified buyers despite its extensive modern upgrades.
- Lack of Scenic Vistas
While the lot is exceptionally usable, the property offers only neighborhood views, lacking the dramatic bay or canyon vistas often sought by luxury buyers in the Hillsborough hills.
About 588 Craig Road
Welcome home to your modern farmhouse in the coveted Carolands neighborhood of Hillsborough. Situated on a flat and usable .52-acre lot, this home was rebuilt and expanded in 2021 from the foundation up, ensuring a turnkey and comfortable living experience. The main house boasts 4 bedrooms and 4 bathrooms, plus a 1-bedroom, 1-bath ADU. Inside, discover 16-foot ceilings, stunning wood floors, abundant natural light, and premium upgrades. The chef's kitchen features Thermador appliances and an 11-foot island, with La Cantina doors for seamless indoor-outdoor flow to your outdoor oasis that includes a new pool/spa, BBQ, bocce ball, expansive lawn, and fruit trees. There is also a large side yard perfect for basketball, extra cars, or even a boat. This property combines rare single-level living with modern features, great natural light on a flat, usable lot, and a neighborhood that invites walks and bike rides.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 22,650 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Hillsborough Unified Schools
West Hillsborough School
Grades K-5 • 0.5 mi
North Hillsborough School
Grades K-5 • 1.0 mi
Crocker Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 81% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 4,763 | 2,440 | 96% |
| Lot Size | 22,650 | 8,479.5 | 87% |
| Price | $9.50M | $3.73M | 93% |
| Price per sq ft | $2.0K | $1.6K | 89% |
| Built year | 1950 | 1949 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 141 | 4% |
Pricing History
Listed for Sale
Feb 26, 2026
$9,500,000
Initial Listing
Sold
Aug 31, 2018
$3,310,000
Public Record