{"id":7014,"date":"2021-08-19T13:19:52","date_gmt":"2021-08-19T18:19:52","guid":{"rendered":"https:\/\/www.webfxonline.com\/?p=7014"},"modified":"2021-08-19T13:35:40","modified_gmt":"2021-08-19T18:35:40","slug":"a-bay-area-house-that-burned-to-the-studs-sold-for-1-million-in-less-than-a-week","status":"publish","type":"post","link":"https:\/\/www.webfxonline.com\/?p=7014","title":{"rendered":"A Bay Area house that burned to the studs sold for $1 million in less than a week"},"content":{"rendered":"\n<figure class=\"wp-block-video\"><video height=\"720\" style=\"aspect-ratio: 1280 \/ 720;\" width=\"1280\" autoplay controls poster=\"https:\/\/www.webfxonline.com\/wp-content\/uploads\/2021\/08\/fixer-upper.png\" src=\"https:\/\/www.webfxonline.com\/wp-content\/uploads\/2021\/08\/Burned-Walnut-Creek-Home-Sells-for-More-Than-Asking-Price-of-850K.mp4\"><\/video><\/figure>\n\n\n\n<p>\u00a9 Melinda Byrne\/Key Realty\u00a0Melinda Byrne\/Key Realty<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A four-bedroom home in Walnut Creek, California, just closed for $1 million, two weeks after it hit the market.<\/li><li>That&#8217;s well below the median list price for the ZIP code, but the house was nearly destroyed by fire.<\/li><li>&#8220;Bring your contractor, architect, and designer: this is more than a fixer,&#8221; the listing said.<\/li><\/ul>\n\n\n\n<p>The Bay Area real estate market may be hot, but one property was especially so.<\/p>\n\n\n\n<p>In spite of being &#8220;stripped to the studs&#8221; because of a two-alarm fire last year, a&nbsp;four-bedroom, two-bath house in Walnut Creek, California,&nbsp;closed for $1 million, just two weeks after it was listed for $850,000.<\/p>\n\n\n\n<p>&#8220;This one is ready to start fresh,&#8221; the listing said. &#8220;Opportunities like this are rare to make dramatic changes to a home and floor plan.&#8221;<\/p>\n\n\n\n<p>&#8220;Great neighborhood, large lot, and close to shopping and conveniences,&#8221; it continued. &#8220;Bring your contractor, architect, and designer: this is more than a fixer.&#8221;<\/p>\n\n\n\n<p>Realtor Melinda Byrne of Key Realty&nbsp;told Insider she had thirteen offers before she could mark the listing &#8220;pending,&#8221; and that was still getting requests from buyers who wanted a spot on the backup list. The property is no longer available.<img decoding=\"async\" alt=\"a large brick building with grass in front of a house: A Google Street View of the the house in 2014. Google\" src=\"https:\/\/img-s-msn-com.akamaized.net\/tenant\/amp\/entityid\/AANhhI4.img?h=517&amp;w=799&amp;m=6&amp;q=60&amp;o=f&amp;l=f\">\u00a9 Google&nbsp;A Google Street View of the the house in 2014. Google<\/p>\n\n\n\n<p>The median list price in Walnut Creek &#8211; about 28 miles east of San Francisco &#8211; is $1.2 million, according to Redfin, but Byrne said houses routinely go for $2.1 million, depending on size and condition.<\/p>\n\n\n\n<p>As the daughter of a contractor, Byrne said the property is actually a better bargain than it might first appear, due to the location and the fact that the mid-century floor-plan is in need of a significant update.<\/p>\n\n\n\n<p>&#8220;Fixer-uppers usually have walls,&#8221; she said. &#8220;In the case of this property, it&#8217;s literally transparent.&#8221;<\/p>\n\n\n\n<p>With a good school system, lots of local shops, access to recreational trails, and an hour&#8217;s drive to San Francisco, suburbs like Walnut Creek are seeing extraordinary demand over the past year.<\/p>\n\n\n\n<p>Byrne said listings are now down 50% compared with 2020, and that there is effectively zero available inventory in her market &#8211; the one house for sale already has three offers.<\/p>\n\n\n\n<p>Previously in June, a heavily vandalized &#8220;house from hell&#8221; in Colorado Springs was listed for $590,000 and got 72 offers in five days. Both are signs that buyers are willing to look past severe defects in order to get their hands on a promising property in an unprecedentedly tight market.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>\u00a9 Melinda Byrne\/Key Realty\u00a0Melinda Byrne\/Key Realty A four-bedroom home in Walnut Creek, California, just closed for $1 million, two weeks after it hit the market. That&#8217;s well below the median list price for the ZIP <a class=\"mh-excerpt-more\" href=\"https:\/\/www.webfxonline.com\/?p=7014\" title=\"A Bay Area house that burned to the studs sold for $1 million in less than a week\">[read more]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":7019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-7014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Bay Area house that burned to the studs sold for $1 million in less than a week -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.webfxonline.com\/?p=7014\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Bay Area house that burned to the studs sold for $1 million in less than a week -\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Melinda Byrne\/Key Realty\u00a0Melinda Byrne\/Key Realty A four-bedroom home in Walnut Creek, California, just closed for $1 million, two weeks after it hit the market. 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