643 Preakness Drive, Walnut Creek, California 94597, Walnut Creek, 94597 - 3 bed, 3 bath

643 Preakness Drive, Walnut Creek, California 94597 home-pic-0

643 Preakness Drive

Walnut Creek, California 94597

ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,360Sq Ft
925Lot Size

Property Price

LIST PRICE$799,000

SUMMARY

Analysis of 643 Preakness Drive, Walnut Creek, California 94597 is currently available with a list price of $799,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Walnut Creek Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features several modern updates, including wide plank hardwood floors, a 'chic' updated kitchen, and a facelift to the downstairs bathroom. While the home was built in 1986, the presence of central AC, skylights, and updated flooring indicates it has been well-maintained and partially renovated within the last 5-15 years, meeting the criteria for 'Good' condition.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    High School: Las Lomas High School (9/10).

  • Prime Location & Accessibility

    Ideally situated within walking distance to the Iron Horse Trail and minutes from downtown Walnut Creek, BART, and major freeways, offering an exceptional lifestyle for commuters and outdoor enthusiasts.

  • Modern Interior Upgrades

    The home features contemporary wide plank hardwood floors, a chic kitchen with a breakfast nook, and skylights that flood the open 1,360 sqft floor plan with abundant natural light.

CONSRISKS & DEFICIENCIES

  • High Monthly HOA Fees

    The association fee of $661 per month is relatively high, which may impact the overall monthly affordability and debt-to-income ratio for budget-conscious buyers.

  • Recent Market Volatility

    The property has undergone multiple price reductions and is currently listed significantly below its December 2023 sale price of $865,000, suggesting a potential struggle with market positioning or local valuation trends.

About 643 Preakness Drive

PRICE IMPROVED TO $799,000!! A stunner of a 3-bedroom, 2.5-bath home blends modern elegance with classic charm nestled in a prime location, a short walk to the scenic Iron Horse Trail. This townhome style condominium has 1360 sqft of open living space that boasts wide plank hardwood floors and a chic yet functional kitchen with breakfast nook. The large and open floor plan has stairs leading to the upper level where skylights bring in a bounty of natural light and your three bedrooms, two bathrooms, and conveniently located laundry in the hall are situated. The central AC, oversized primary bedroom, downstairs bathroom facelift, and custom larger sized storage closet are all things the sellers will miss! Enjoy generous outdoor space including a front patio with lockable bike shed, and a large back patio perfect for entertaining! Everything you need is just minutes away - you're located conveniently close to downtown Walnut Creek, top-rated schools, the library, parks, Iron Horse Regional Trail, grocery stores, restaurants, BART and public transportation along with freeway access. Main Chance Estates HOA also offers a pool, a tennis court, and walking paths. Don't miss the chance to make this your dream home, offering the perfect blend of style, comfort, and a fantastic location.

Property Details

Public Facts

Property Type
Townhouse
Year Built
1986
Lot Size
925 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$661.0 / Month

Neighborhood Insights

Walnut Creek Unified Schools

Buena Vista Elementary School

Grades K-5 • 0.5 mi

7/10

Walnut Creek Intermediate School

Grades 6-8 • 0.3 mi

7/10

Tice Creek

Grades K-8 • 1.7 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,3601,475
39%
Lot Size9251,500
17%
Price$799.0K$847.5K
33%
Price per sq ft$588$562
61%
Built year19861979
72%
HOA$661.0$620
67%
Days on market107173
22%

Pricing History

Listed for Sale

Feb 20, 2026

$799,000

$809,000

-1% Price Drop

Initial Listing

Price Change

Jan 23, 2026

$809,000

$829,000

-2% Price Drop

Initial Listing

Price Change

Dec 12, 2025

$829,000

$839,000

-1% Price Drop

Initial Listing

Price Change

Nov 20, 2025

$839,000

Initial Listing

Sold

Dec 28, 2023

$865,000

Public Record

Sold

Jul 1, 2020

$716,000

Public Record

Sold

Jun 14, 2017

$655,000

Public Record

Sold

Jul 6, 2012

$370,000

Public Record

Sold

Apr 11, 2002

$375,000

Public Record

Sold

Mar 30, 2001

$369,000

Public Record

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