1023 1023 Bermuda Drive, Concord, California 94518, Concord, 94518 - 4 bed, 2 bath
1023 1023 Bermuda Drive
Concord, California 94518
Property Price
SUMMARY
Analysis of 1023 1023 Bermuda Drive, Concord, California 94518 reveals a Prime Investment Opportunity with a current list price of $999,000—significantly undercutting the $1,059,468 Fair Market Value by 5%. This valuation gap indicates a +$60,468 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Concord Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 1023 Bermuda Drive Subject | $999,000* List Price | 4 | 2 | 2,281 | $464 | - |
A 1042 Bermuda Dr Sold | $1,077,000 | 5 | 3 | 2,091 | $515 | 0.1 mi |
B 1271 Hookston Road Sold | $963,000 | 4 | 2 | 2,091 | $461 | 0.2 mi |
C 906 Hastings Dr Sold | $1,025,000 | 5 | 2 | 2,209 | $464 | 0.5 mi |
D 1024 Bermuda Sold | $930,000 | 4 | 2 | 1,659 | $561 | 0.0 mi |
E 934 Bancroft Rd Sold | $860,000 | 4 | 2 | 1,616 | $532 | 0.4 mi |
F 960 Stimel Dr Sold | $900,000 | 5 | 2 | 2,091 | $430 | 0.3 mi |
G 959 959 Chandler Ct Pending | $775,000 List Price | 4 | 2 | 2,099 | $369 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1963 colonial home is move-in ready and has undergone significant recent updates. The kitchen is modernized with granite countertops, stainless steel appliances, and trendy blue subway tile. The interior features fresh paint, brand new carpet, and LVP flooring, while the bathrooms have been updated. Additional high-value features include owned solar panels, dual-paned windows, and a well-maintained backyard with a pool and hot tub, meeting the criteria for a well-maintained property with modern systems and no immediate renovation required.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Cost Savings
The home features owned solar panels and a whole-house fan, allowing for significant utility savings while maintaining the pool and climate control systems.
- Premium Outdoor Amenities
The private backyard serves as a personal oasis with a sparkling pool and hot tub, providing a high-value space for year-round relaxation and entertainment.
- Modernized & Versatile Layout
With over 2,200 sqft of living space, the home offers a rare main-floor primary suite, a dedicated den for remote work, and a fully updated kitchen with granite countertops.
CONSRISKS & DEFICIENCIES
- Local School Ratings
The assigned elementary and middle schools currently hold low ratings, which may be a significant consideration for families prioritizing top-tier educational districts.
- Market Positioning
A substantial price reduction of nearly $90,000 from the original list price suggests the property may have faced initial challenges with market valuation or buyer interest.
About 1023 1023 Bermuda Drive
HUGE PRICE IMPROVEMENT - Welcome to a home that perfectly balances sophistication with pure fun. This spacious colonial located in Colony Park has 4-bedrooms plus den that is designed for effortless living, featuring a convenient main-floor primary suite and a private den—ideal for your work-from-home needs or an in-home gym. Its East facing home brings in beautiful natural light during the morning, and a soft cascade of light in the back of the house in the early evening. The heart of the home is the impressively enlarged family room with a wall of windows for natural light, which flows into a modern kitchen fully equipped with sleek stainless-steel appliances, granite countertops and modern blue subway tiles. While the three secondary bedrooms enjoy their own dedicated space upstairs, the real showstopper is the backyard: a private paradise featuring a sparkling pool and a bubbling hot tub for year-round relaxation. Best of all, this home is as smart as it is stylish; with owned solar panels and a whole-house fan, you can keep the AC cranking and the pool heated without breaking the bank. Other features include dual-paned windows, brand new carpet (real hardwood underneath) fresh paint, LVP flooring, and updated bathrooms. Close to freeway, shopping, restaurants and schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Concord Unified Schools
Fair Oaks Elementary School
Grades K-5 • 0.1 mi
Ygnacio Valley Elementary School
Grades K-5 • 1.2 mi
Oak Grove Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,281 | 1,744 | 86% |
| Lot Size | 7,000 | 8,720 | 25% |
| Price | $999.0K | $910.0K | 66% |
| Price per sq ft | $438 | $522 | 18% |
| Built year | 1963 | 1964 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 163 | 3% |
Pricing History
Listed for Sale
Mar 5, 2026
$999,000
$1,088,000
-8% Price Drop
Initial Listing
Price Change
Feb 6, 2026
$1,088,000
Initial Listing
Sold
Sep 10, 2021
$989,000
Public Record
Sold
Jan 10, 2018
$785,000
Public Record
Sold
Nov 5, 2009
$525,000
Public Record