1654 Terrace Way, Walnut Creek, California 94597, Walnut Creek, 94597 - 2 bed, 2 bath
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Walnut Creek, California 94597
This Townhouse represents a High-Potential Investment Opportunity, listed at $799,000—positioned above the $680,437 Fair Market Value. While the list price exceeds the current valuation, the property offers significant long-term appeal due to its Condition Rating of 4 and prime location in "The Hill." Featuring a versatile loft and Mt. Diablo views, the home provides a unique canvas for personalization. With access to top-rated schools like Las Lomas High (9/10), this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a long-term lifestyle upgrade.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1654 Terrace Way Subject | $799,000* List Price | 2 | 2 | 1,398 | $487 | - |
A 589 Pimlico Ct Active | $745,000 List Price | 3 | 3 | 1,355 | $550 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is well-maintained but significantly dated. The kitchen features older white appliances, coil-top range, and original-style cabinetry with wood trim, indicating finishes are likely over 20-30 years old. While clean and functional, the listing explicitly mentions the 'opportunity to personalize,' confirming it needs modern updates to the kitchen and baths.
High School: Las Lomas High School (9/10).
Situated in the desirable 'The Hill' neighborhood, this end-unit offers a private, treehouse-like ambiance with views of Mt. Diablo and convenient proximity to downtown Walnut Creek and BART.
The functional 1,398 sqft floor plan includes a flexible loft space ideal for a home office or media room, providing the extra utility modern buyers demand.
The $600 monthly association fee is relatively high, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
Marketed as an opportunity to 'personalize' and built in 1979, the home likely requires additional capital investment for cosmetic or system upgrades to meet contemporary standards.
Tucked within Walnut Creek’s sought-after “The Hill” neighborhood, 1654 Terrace Way offers a rare treehouse-like setting surrounded by mature trees and peaceful natural beauty with peeks of Mt Diablo. This inviting end-unit townhome lends comfort and character with light-filled living spaces, a functional floor plan and a tranquil indoor-outdoor connection that creates a serene retreat above the bustle of everyday life. Featuring 2 bedrooms plus loft for office, play area, media room, 2 bathrooms and just under 1,400 square feet of living space, the home enjoys a uniquely private ambience while remaining just minutes from downtown Walnut Creek, BART, shopping, dining, parks and commuter routes. Rarely available, this is an exceptional opportunity to personalize a home in one of Walnut Creek’s most charming and established "hidden" communities.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-8 • 1.0 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,398 | 1,339 | 53% |
| Lot Size | 1,755 | 1,000 | 82% |
| Price | $799.0K | $705.0K | 59% |
| Price per sq ft | $572 | $536 | 65% |
| Built year | 1979 | 1979 | 50% |
| HOA | $600.0 | $640 | 47% |
| Days on market | 7 | 102 | 6% |
May 30, 2026
$799,000
Initial Listing
May 23, 1997
$218,500
Public Record