540 W Madill St, Antioch, California 94509, Antioch, 94509 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$130,000
540 W Madill St, Antioch, California 94509
2Beds
1Bath
915Sqft
5,250Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Price Reduction: The property has seen a substantial price drop from its original list price of $185,000 to $130,000, offering a compelling entry point for buyers and potential for increased equity.
Top Cons:
Extensive Fire Damage & Renovation Required: The property is fire-impacted and largely stripped to the studs, necessitating a comprehensive, costly, and time-consuming renovation from the ground up.
Compared to the nearby listings
Price:$130.0K vs avg $540.0K ($-410,000)1%
Size:915 sqft vs avg 1,459.5 sqft6%
Price/sqft:$142 vs avg $3451%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is fire-impacted and has been largely stripped to the studs, rendering it unlivable. There are no functional kitchen or bathroom facilities, and all major systems (electrical, plumbing, HVAC) require complete installation or extensive rehabilitation. The uncompleted and uninspected rough-in work indicates significant defects and safety concerns, necessitating substantial repairs and a full gut renovation from the ground up. The property is being sold strictly AS-IS, placing the entire burden of renovation on the buyer.
Year Built
1947
Close
-
List price
$130K
Original List price
$185K
Price/Sqft
$142
HOA
-
Days on market
-
Sold On
-
MLS number
41102409
Home ConditionPoor
Features
View-
About this home
Investor/contractor special! Fire-impacted single-story cottage being sold strictly AS-IS. Interior has been largely stripped to studs; partial rough-in work was started after smoke remediation but never completed or inspected. No further repairs, credits, or warranties will be provided.
Nearby schools
2/10
Marsh Elementary School
Public,•K-5•0.1mi
2/10
Antioch Middle School
Public,•6-8•0.4mi
3/10
Antioch High School
Public,•9-12•0.3mi
Condition Rating
Poor
Built in 1947, this property is fire-impacted and has been largely stripped to the studs, rendering it unlivable. There are no functional kitchen or bathroom facilities, and all major systems (electrical, plumbing, HVAC) require complete installation or extensive rehabilitation. The uncompleted and uninspected rough-in work indicates significant defects and safety concerns, necessitating substantial repairs and a full gut renovation from the ground up. The property is being sold strictly AS-IS, placing the entire burden of renovation on the buyer.
Pros & Cons
Pros
Significant Price Reduction: The property has seen a substantial price drop from its original list price of $185,000 to $130,000, offering a compelling entry point for buyers and potential for increased equity.
Investor/Contractor Opportunity: Explicitly marketed as an 'investor/contractor special,' this property presents a clear opportunity for value addition through a comprehensive renovation.
Desirable Lot Size: With a 5,250 sqft lot, there is ample outdoor space for landscaping, potential expansion, or creating desirable outdoor living areas.
Excellent School Proximity: The property is located exceptionally close to Marsh Elementary School (0.09 miles) and within walking distance to middle and high schools, appealing to families.
Single-Story Layout: The single-story design offers broad appeal due to ease of access, functional living space, and potentially simpler renovation logistics.
Cons
Extensive Fire Damage & Renovation Required: The property is fire-impacted and largely stripped to the studs, necessitating a comprehensive, costly, and time-consuming renovation from the ground up.
Sold Strictly AS-IS with No Warranties: The 'AS-IS' condition means the buyer assumes all risks and financial burdens associated with repairs, with no seller contributions, credits, or guarantees.
Uncompleted & Uninspected Work: Partial rough-in work was started but never completed or inspected, posing potential challenges and additional expenses to rectify or redo non-compliant work to meet current codes.