There are four Walnut Creek homes for sale that are over 3000 s.f., priced under $1 million. Since the median price for this size Walnut Creek home is $1.4 million and curious minds want to know, I headed out with my camera to preview each home to answer the burning question, "Why are these homes priced below $1 million?"
156 Del Monte Drive, Walnut Creek, CA 94595 - $999,995
Watch the visual tour for this home
- 3439 s.f. gorgeous custom home in Stone Ridge Estates.
- 4 bedrooms plus an office
- 3 bathrooms
- 2 fireplaces
- huge updated kitchen that opens to the family room, high ceilings with a ton of windows
- 3 car garage
- Private setting conveniently located less than a mile from the wonderful restaurants and shopping in downtown Walnut Creek.
- Schools: Parkmead Elementary, Walnut Creek Intermediate, Las Lomas High School.
Why the price? The only possible reason this home is priced under $1 million is that the main living area doesn't access the back yard (due to a downward sloping lot) but has a large deck (great for entertaining). The back yard is accessed from the lower level. This type of lot is very common in the Orinda area, so if you want great schools, a gorgeous custom home with an "Orinda lot" without the Orinda price tag, and easy access to both the Walnut Creek and Lafayette BART stations, you need to see this home! Call me to schedule a viewing appointment 925.917.1135.
719 Northgate Place, Walnut Creek, CA 94598 - $968,999
- 3320 s.f. home located on a cul-de-sac of beautiful homes in the desirable Northgate area
- 5 bedrooms
- 3.5 bathrooms
- Updated kitchen adjoins a wonderful great room with 3 sets of sliding doors to backyard
- 2 fireplaces
- 3 car garage
- Pool
- Schools: Valley Verde Elementary, Foothill Middle School, Northgate High School
Why the price? This home is proof that many buyers have a difficult time envisioning a home as it could be. Here are the issues:
- The sellers haven't entirely moved out so there is quite a bit of remaining clutter
- The carpet smells a bit "doggie"
- Two of the three bathrooms have dated, dark brown tile floors and counter-tops.
- Back yard landscaping is overgrown
This is the type of home that I LOVE to find for my buyers. Doesn't show terribly well so vision is required but the upside potential is huge. Seriously, run the numbers.....the home is basically priced approx. $400k under fair market value (FMV) of equivalent (but spruced up) homes in the immediate area and the expensive upgrade (the kitchen) is already completed. If you entirely re-carpet or really go for it and upgrade to hardwood floors, update two bathrooms, repaint the entire home to your preferred colors just because you want to and spruce up the landscaping, you still win big on the fair market value! Call me to view this home 925.917.1135.
641 Wiget Lane, Walnut Creek, CA 94598 - $949,000
- 3378 s.f. home built in 2005
- 4 bedrooms
- 3.5 bathrooms
- Gourmet kitchen with stainless steel appliances and eat-in kitchen area
- Large formal dining room
- Living room, family room with sliding door to backyard
- 2 fireplaces
- Arched hallways
- Beautiful paint colors
- 2 car garage
- Schools: Bancroft Elementary, Foothill Middle School, Northgate High School
Why the price? The backyard is small (which isn't necessarily bad because not all buyers love to work in the yard) and the home is adjacent to a fairly busy street, Walnut Avenue. If you want a gorgeous home, minimal yard work and fast access to downtown Walnut Creek (the trade-off for a busy street), call me to view this home 925.917.1135.
2520 Larkey Lane, Walnut Creek, CA 94597 - $935,000
- 3714 s.f. home built in 2005
- 4 bedrooms
- 3.5 bathrooms
- Gourmet Kitchen
- Hardwood floors
- 2 fireplaces
- 2 car garage
- Located on the Walnut Creek, Pleasant Hill border with an easy 1.3 mile drive (according to Google Maps) to Walnut Creek BART Station via Buena Vista Road
- Schools: Pleasant Hill Elementary, Pleasant Hill Middle School, Ygnacio Valley High School
Why the price? This large, lovely, recently constructed home is located in a neighborhood of smaller homes so the market is proving the principal of Price Regression......the opposite of being the smallest home in a neighborhood of larger homes which is Price Progression. Oh, and there is a telephone (?) pole in the front yard. That being said, if you want a lot of house for the money, this is one to see. Call me to view this home 925.917.1135.
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