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What does $1M get you within the Bay Space? It is official: A burned down house.

Posted by: | Posted on: August 20, 2021

Final week we reported on an East Bay actual property itemizing that caught plenty of readers’ eyes and mirrored the Bay Space’s ultra-competitive actual property market.

The Walnut Creek house had been ravaged by a two-alarm hearth in 2020, however that did not cease a number of affords flooding in for the burnt shell of a house. The property at 254 Tamarisk Drive was listed at $875,000 by actual property agent Melinda Byrne and was in escrow in lower than every week. 

We are able to now reveal that the home offered for precisely $1,000,000.

Some readers speculated that the seemingly excessive value was because of the 0.32 acres of land within the East Bay’s expensive 94598 ZIP code — that features Walnut Creek and Mount Diablo — the place the median home value is $1,375,000.

254 Tamarisk Drive, Walnut Creek, Calif.

Key Realty

However Byrne advised SFGATE on Thursday that she assumes the patrons will renovate what’s left of the house, as further permits for a tear-down could also be costly. 

The house at 254 Tamarisk Drive was virtually destroyed by the fireplace on Sept. 11 final 12 months. The roof collapsed and the storage was reportedly totally engulfed in flames. Firefighters decided that the blaze appeared to have began within the storage, although a trigger wasn’t revealed. 

“Naked bones alternative to renovate/rebuild/restore. Intensive harm from a hearth has this home stripped to the studs on each flooring. This one is able to begin contemporary and construct to fit your type preferences,” the itemizing blurb learn. 

“Alternatives like this are uncommon to make dramatic adjustments to a house and flooring plan … that is greater than a fixer and the potential is proscribed solely by creativeness.”

It is now official, within the Bay Space, $1 million will get you the burned down stays of a four-bedroom home. 

254 Tamarisk Drive, Walnut Creek, Calif.

254 Tamarisk Drive, Walnut Creek, Calif.

Key Realty

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