3938 Los Arabis Dr, Lafayette, California 94549, Lafayette, - bed, bath

home-pic
ACTIVE$2,995,000
3938 Los Arabis Dr, Lafayette, California 94549
4Beds
4Baths
4,150Sqft
37,897Lot
Year Built
1967
Close
-
List price
$3M
Original List price
$3.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41095719
Home ConditionFair
Features
Good View: Hills
Deck
Patio
ViewHills

About this home

HUGE $200K PRICE ADJUSTMENT! Time to get into this 4,150sqft Home in Happy Valley! Great floor plan, huge spaces, massive lot! Custom 4 bedroom +1 den / 4 bath home built to the highest level of quality in Lafayette’s exclusive Happy Valley neighborhood. First time ever on the market! Huge lot with tons of potential for a dream backyard or to even possibly sub-divide. This two-story traditional east coaster is filled with natural light, gleaming hardwood floors, dual zone heating & A/C, spacious over-sized rooms, expansive Primary Suite with en-suite bath, private office/workout room and walk-in closet, 2nd bedroom upstairs with private en-suite bath, main floor in-law/guest bedroom with full bath across the hall originally designed for in-law quarters w potential private kitchen/laundry room. The large chef's kitchen is light & bright with stainless steel appliances attached family room that leads to the huge backyard. Buy into the East Bay’s Top Schools and most desirable City. Centrally located, and close to Hwy 24/680, BART, the beloved Lafayette Reservoir, hiking and biking trails.

Nearby schools

9/10
Happy Valley Elementary School
Public,K-50.7mi
8/10
Springhill Elementary School
Public,K-52.6mi
9/10
Sleepy Hollow Elementary School
Public,K-52.9mi
9/10
M. H. Stanley Middle School
Public,6-81.9mi
9/10
Orinda Intermediate School
Public,6-83.1mi
10/10
Acalanes High School
Public,9-122.7mi
10/10
Miramonte High School
Public,9-123.7mi

Price History

Date
Event
Price
10/18/25
Price Change
$2,995,000-4.8%
09/25/25
Price Change
$3,145,000
05/01/25
Listing
$3,195,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (147 Listings)
Beds44
50%
Baths43
64%
Square foot4,1502,531
82%
Lot Size37,89719,602
82%
Price$3M$2.13M
78%
Price per square foot$722$857.5
33%
Built year19679805981
68%
HOA
Days on market188160
69%
Condition Rating
Fair

Built in 1967, this property is well-maintained with some functional updates like dual-zone HVAC and stainless steel kitchen appliances. However, the kitchen features dated dark wood cabinets and very outdated tile countertops. Bathrooms also exhibit dated tile countertops and, notably, carpet flooring, which is a significant detractor. The parquet hardwood flooring in the entryway is also an older style. While livable and functional, the property requires substantial cosmetic updates in key areas (kitchen and bathrooms) to meet current aesthetic standards, aligning with the 'Fair' category's description of an aged home with functional but outdated major components.
Pros & Cons

Pros

Prime Location & Top Schools: Located in Lafayette's exclusive Happy Valley neighborhood, offering access to top-rated schools (Acalanes High, Happy Valley Elementary) and excellent proximity to highways, BART, and recreational amenities like the Lafayette Reservoir.
Spacious & Versatile Living: A substantial 4,150 sqft home with 4 bedrooms + 1 den/office and 4 baths, featuring huge spaces, oversized rooms, an expansive Primary Suite, and a main floor in-law/guest suite with potential for a private kitchen/laundry.
Massive Lot with Development Potential: The property boasts a significant 37,897 sqft lot, providing ample space for a dream backyard and potential for future subdivision, adding considerable long-term value.
Quality Construction & Desirable Features: Custom-built to a high standard, the home includes natural light, gleaming hardwood floors, dual-zone heating & A/C, and a large chef's kitchen with stainless steel appliances, ensuring comfort and functionality.
Significant Price Adjustment: A recent $200,000 price reduction makes this large, well-located property a more competitive and attractive offering for potential buyers in the current market.

Cons

Age of Property & Style: Built in 1967, the 'traditional east coaster' style, while well-built, may require significant aesthetic updates to align with contemporary design preferences of some modern buyers.
Potential for Dated Systems/Finishes: As a first-time-on-market property from 1967, some original systems (e.g., plumbing, electrical) or finishes not explicitly mentioned as updated might be nearing the end of their useful life, potentially requiring future capital expenditures.
Price History & Market Perception: Multiple price reductions, including a recent substantial adjustment, could suggest initial overpricing or a slower market reception, potentially influencing buyer perception regarding its value or condition.

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