2481 Larkey Ln, Walnut Creek, California 94597, Walnut Creek, 94597 - 3 bed, 3 bath
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2481 Larkey Ln
Walnut Creek, California 94597
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,138Sq Ft
12,197Lot Size
Property Price
LIST PRICE$1,300,000
EST. MARKET VALUE
$1,218,447
6% AboveMARKET VALUE
SUMMARY
This Single Family Residence presents a Strong Value Opportunity, listed at $1,300,000—positioned above the $1,218,448 Fair Market Value by 6%. While priced at a premium, the property features significant infrastructure upgrades, including a 2019 roof and 2026 electrical panels. With a Fair Condition Rating, the dated kitchen and baths offer a clear path for value-add renovations. Located in the award-winning Acalanes school district, this home provides long-term stability for Buy-and-Hold Investors or Owner-Occupants seeking a customizable, well-located asset in Walnut Creek.
Estimated Market Value
$1,218,447
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 |
|---|---|---|---|---|---|---|
★ 2481 Larkey Ln Subject | $1,300,000* List Price | 3 | 3 | 2,138 | $570 | - |
A 1140 Rachele Rd Sold | $1,310,000 | 4 | 2 | 1,829 | $716 | 0.1 mi |
B 780 Quiet View Ct Sold | $1,150,000 | 4 | 3 | 2,082 | $552 | 0.4 mi |
C 2081 Essenay Ave Sold | $1,010,000 | 3 | 2 | 1,662 | $608 | 0.3 mi |
D 2223 Buena Vista Ave Sold | $1,170,000 | 5 | 3 | 2,053 | $570 | 0.8 mi |
E 1830 3rd Ave Sold | $910,000 | 2 | 2 | 1,418 | $642 | 0.4 mi |
F 1795 Sunnyvale Ave Sold | $1,400,000 | 4 | 3 | 2,322 | $603 | 0.9 mi |
G 2542 Mockingbird Hill Rd Active | $1,500,000 List Price | 4 | 3 | 2,096 | $716 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is well-maintained and move-in ready with significant recent system upgrades, including a new roof (2019), new electrical panels (2026), and fresh interior/exterior cosmetics. However, the kitchen and bathrooms are dated and original to the 1960s style, requiring full modernization to meet current standards, which aligns with the 'Fair' criteria for properties over 20 years old needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2138.
- Prime Location & Schools
Situated in the highly desirable Larkey neighborhood within the award-winning Acalanes school district, offering excellent long-term value and proximity to downtown Walnut Creek and BART.
- Versatile Living Space
The 2,138 sqft floor plan includes an expansive bonus room with a full bathroom, providing exceptional flexibility for a home office, gym, or guest suite.
CONSRISKS & DEFICIENCIES
- Dated Kitchen and Bathrooms
While functional and well-maintained, the kitchen and bathrooms require cosmetic and structural updates to align with modern luxury standards.
- 1960s Original Construction
As a mid-century build, the property may lack some contemporary energy efficiencies or open-concept elements found in newer residential developments.
About 2481 Larkey Ln
*Opportunity awaits in Walnut Creek's highly desirable Larkey neighborhood! This well-maintained 3-bedroom, 3-bath home offers an inviting floor plan, spacious living areas, and endless potential to make it your own. The light-filled living room overlooks the lush backyard, while the expansive bonus room with its own full bathroom provides exceptional flexibility for guests, an au pair, home office, gym, or media room. Recent improvements include refinished hardwood floors, fresh interior and exterior paint, new carpet in the bonus room, new designer light fixtures, and a new main electrical panel and subpanel—all completed in 2026. The roof was replaced in 2019, providing added peace of mind. While the kitchen and bathrooms present an excellent opportunity for a new owner to update to their personal taste, the home has been thoughtfully refreshed and is move-in ready from day one. Ideally located within the award-winning Walnut Creek/Acalanes school district, including Buena Vista Elementary, Walnut Creek Intermediate, and Las Lomas High School, and just minutes from downtown Walnut Creek, BART, parks, shopping, dining, and major commuter routes. Whether you're looking for a place to move right into or a home you can customize over time, this is an exceptional opportunity in one of Walnut Creek's most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,138 | 2,025.79 |
| Lot Size | 12,197 | 11,668.667 |
| Price | $1.30M | $1.60M |
| Price per sq ft | $608 | $754 |
| Built year | 1960 | 1964 |
| HOA | $0 | $623 |
| Days on market | 19 | 39 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,300,000
Initial Listing