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559 Cherry Way, Hayward, CA, 94541

5beds
5baths
3,733sqft
$1,499,000
$402price/sqft
$10,822/moest. monthly cost
$432,880/yrincome needed

About This Home

First time on the market in nearly 70 years! Rare opportunity to own two homes on one expansive lot in Cherryland—where city living meets country charm. Located on a generously sized 18,760 sqft lot in an unincorporated area with room to expand, this versatile property offers ample space for multi-generational living, rental income, outdoor enjoyment, or future possibilities. The main home features approx. 2,800 sqft, 4 beds and 4 baths, including two primary suites. A grand staircase anchors the home, with a formal living room and an expansive family room off the kitchen showcasing a vaulted beam ceiling. A nostalgic full bar makes entertaining easy, while custom shutters plus heat and A/C add comfort throughout. The second home features approximately 900 sqft with 1 bedroom and 1 bathroom, ideal as an in-law unit or income-producing rental. Both homes are separately metered with PG&E. Enjoy ranch-style living within city limits with a barn/outbuilding and a mature orchard featuring avocado, citrus, apple, fig, and apricot trees. Unique properties like this—with space, flexibility, and income potential—don’t come around often. Don’t miss it!

Getting Around

59
WalkingSomewhat Walkable
36
TransitSome Transit
54
BikeBikeable

Schools

3/10
4/10
Winton Middle SchoolGrades 7-81.6 mi
5/10
Hayward High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1960

Materials

  • Roof: Composition,Tile
  • Construction materials: Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Range,Microwave,Oven,Gas Water Heater,Dryer,Washer
  • Laundry features: In Garage

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Full

Bathroom

  • Features: Shower Over Tub,Stall Shower,Sunken Tub

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Storage
  • Window features: Window Coverings
  • Flooring: Hardwood,Tile,Vinyl,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,733
  • Total interior livable area: 3,733 sqft

Kitchen

  • Features: Tile Counters,Dishwasher,Disposal,Gas Range/Cooktop,Microwave,Oven Built-in

Property

Details

  • Parcel number: 42919331
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Exterior features: Garden,Garden/Play
  • Fencing: Security,Fenced

Lot

  • Lot size: 0.43 Acres
  • Features: 2 Houses / 1 Lot,Level,Premium Lot,Side Yard

Parking

  • Total spaces: 2
  • Parking features: Attached,RV/Boat Parking,Side Yard Access,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Alameda County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,579$90,948
Home Insurance *$287$3,444
Property Taxes $2,156$25,872
Electricity $800$9,605
Total$10,822$129,864
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$371,040/yr
40% on housing$324,660/yr
45% on housing$288,586/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$402This listing

vs Other Active Listings

Avg $/sqft

ZIP 94541$413
Alameda County$497

vs Homes Sold Last Month

Median $/sqft

ZIP 94541$600
Alameda County$664

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-13Pending sale$1,499,000
2026-04-11Listed for sale$1,499,000

For Sale by Agent

AgentMatthew Wilhite
BrokerageVetted Real Estate

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