2050 Blackwood Dr, Walnut Creek, California 94596, Walnut Creek, 94596 - 5 bed, 4 bath
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Walnut Creek, California 94596
This Spacious Multi-Generational Residence is a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,880,000 Fair Market Value by 4%. This valuation gap offers $81,000 in Instant Equity for the buyer. Featuring a Good Condition Rating with a brand new 2026 roof, the home offers 3,163 sqft of flexible living space on a massive 17,550 sqft lot. Zoned for Top-Rated Schools like Las Lomas High, this property is ideal for Owner-Occupants or multi-generational families seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2050 Blackwood Dr Subject | $1,799,000* List Price | 5 | 4 | 3,163 | $594 | - |
A 2000 Norris Rd Sold | $1,710,000 | 3 | 3 | 2,731 | $626 | 0.1 mi |
B 154 154 Rudgear Drive Sold | $2,175,000 | 4 | 3 | 3,087 | $705 | 0.8 mi |
C 40 Oak Knoll Loop Sold | $1,275,000 | 3 | 2 | 2,034 | $627 | 0.5 mi |
D 20 Santa Rita Dr Active | $1,985,000 List Price | 4 | 4 | 2,847 | $697 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1951, the property is well-maintained and move-in ready with significant recent capital improvements including a brand new roof (2026), new carpet, and fresh interior paint. The kitchen and bathrooms, while functional and clean, feature dated oak cabinetry and white appliances likely from a 15-20 year old renovation, placing it firmly in the 'Good' category rather than 'Excellent'.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17550, living area = 3163.
Elementary School: Walnut Heights Elementary School (9/10). High School: Las Lomas High School (9/10).
With 5 bedrooms, 4 bathrooms, and over 3,100 square feet, this home offers exceptional flexibility for multi-generational living, remote work, or a private guest studio.
Built in 1951, the property may require additional capital investment to modernize original systems or structural elements not covered by recent cosmetic updates.
With 39 days on the market and a recent price reduction of $81,000, the property is currently fighting a perception of being initially overpriced for its condition or location.
A PLACE TO GATHER! If you’ve been searching for a property with flexible living options and multiple floor plan possibilities, this exceptional 5-bedroom, 4-bath residence is a must-see. Designed with versatility in mind, this home is ideal for multi-generational living, remote work setups, or even the potential for an attached private studio space. Each area offers opportunities to tailor the layout to your lifestyle. Located in the highly desirable Walnut Knolls neighborhood, the home sits on a generously sized lot, providing a blank canvas to create your dream outdoor retreat. Whether you envision a pool, sports court, lush garden, or entertainment space, the possibilities are endless. In the meantime, relax on the expansive deck and take in the peaceful surroundings of your private backyard. Recent improvements include a brand NEW ROOF 2026, new carpet, interior paint, faucets and light fixtures. Enjoy the convenience of being just minutes from downtown Walnut Creek, offering a wide variety of shopping, dining options, and cultural experiences, including the renowned Lesher Center for the Arts. This is your opportunity to design a home—and a lifestyle—that truly fits your needs.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 79% |
| Baths | 4.0 | 3.0 | 69% |
| Square foot | 3,163 | 2,246.5 | 79% |
| Lot Size | 17,550 | 17,549.5 | 50% |
| Price | $1.80M | $1.80M | 50% |
| Price per sq ft | $569 | $811 | 2% |
| Built year | 1951 | 1958 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 66 | 102 | 25% |
May 16, 2026
$1,799,000
$1,880,000
-4% Price Drop
Initial Listing
Apr 9, 2026
$1,880,000
Initial Listing