1241 Homestead Ave 206, Walnut Creek, California 94598, Walnut Creek, 94598 - 1 bed, 1 bath
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1241 Homestead Ave 206
Walnut Creek, California 94598
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
729Sq Ft
0Lot Size
Property Price
LIST PRICE$349,998
EST. MARKET VALUE
$378,428
7% BelowMARKET VALUE
SUMMARY
This Modernized Condominium represents a Strong Value Opportunity, listed at $349,998—positioned well below the $386,354 Fair Market Value by 9%. This valuation gap offers $36,356 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit includes a renovated kitchen with quartz countertops and a private balcony with pool views. Located in the prestigious Walnut Creek School District, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, commuter-friendly residence.
Estimated Market Value
$378,428+$28,430 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Walnut Creek.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1241 Homestead Ave 206 Subject | $349,998* List Price | 1 | 1 | 729 | $519 | - |
A 205 Masters Ct 3 Sold | $400,000 | 1 | 1 | 692 | $578 | 0.4 mi |
B 1465 Marchbanks Dr 4 Sold | $344,000 | 1 | 1 | 665 | $517 | 0.5 mi |
C 1407 Marchbanks Drive 3 Sold | $335,000 | 1 | 1 | 665 | $504 | 0.5 mi |
D 1251 Homestead Ave 150 Sold | $343,000 | 1 | 1 | 658 | $521 | 0.1 mi |
E 1241 1241 Homestead Ave 192 Sold | $437,500 | 2 | 1 | 889 | $492 | 0.0 mi |
F 1443 Marchbanks Dr #2 Sold | $348,000 | 1 | 1 | 665 | $523 | 0.5 mi |
G 1241 Homestead 211 Active | $379,950 List Price | 1 | 1 | 729 | $521 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While the building was constructed in 1970, the unit has undergone a comprehensive modern renovation within the last 5 years. It features updated laminate flooring, a contemporary kitchen with quartz countertops and subway tile, and a fully remodeled bathroom, making it move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Commuter Location
Situated within walking distance to Downtown Walnut Creek and minutes from BART and major highways, offering exceptional convenience for professionals and urban dwellers.
- Modernized Interior Finishes
The condo features a chef-inspired kitchen with quartz countertops and a wine refrigerator, complemented by stylish laminate flooring and a cozy fireplace for a move-in-ready experience.
- Strong Investment Value
Priced at $349,998—well below its 2019 sale price of $380,000—this property offers significant value in a high-demand area with top-rated schools.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The $530 monthly association fee is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Dated Climate Control
Built in 1970, the unit relies on a wall furnace for heat and lacks a central cooling system, which could be a disadvantage during hot summer months.
About 1241 Homestead Ave 206
Modern Condo Living in the Heart of Walnut Creek. Welcome to this beautifully updated 1-bedroom, 1-bathroom condominium located in the highly desirable Walnut Park community. Offering 729 sq. ft. of thoughtfully designed living space, this home perfectly blends modern style with suburban convenience. The bright, open-concept living room features stylish laminate flooring and a cozy fireplace, ideal for relaxing evenings. A chef's delight, the kitchen boasts solid surface/quartz countertops, a subway tile backsplash, and a functional breakfast bar. It comes fully equipped with a refrigerator, electric range, dishwasher, and even a built-in wine refrigerator. Large windows and a private balcony overlook the serene community pool area, providing a peaceful outdoor escape. Enjoy the convenience of a wall furnace for heat, a spacious bedroom with mirrored closet doors, and an updated bathroom featuring tile flooring and a shower-over-tub. This condo puts you at the center of everything Walnut Creek has to offer: Minutes from Walnut Creek BART and easy access to the I-680/Hwy 24 interchange. Walking distance to Downtown Walnut Creek, renowned for world-class shopping at Broadway Plaza and exceptional dining. Top rated schools within the prestigious Walnut Creek School District
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $530.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 729 | 1,109.5 |
| Lot Size | - | 967.792 |
| Price | $350.0K | $572.0K |
| Price per sq ft | $480 | $502 |
| Built year | 1970 | 1972 |
| HOA | $530.0 | $1.3K |
| Days on market | 36 | 52 |
Pricing History
Listed for Sale
Aug 4, 2026
$349,998
Initial Listing
Sold
May 7, 2019
$380,000
Public Record
Sold
Aug 30, 1994
$83,000
Public Record