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

643 Preakness Drive
Walnut Creek, California 94597
Property Price
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
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
Walnut Creek Intermediate School
Grades 6-8 • 0.3 mi
Tice Creek
Grades K-8 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,360 | 1,475 | 39% |
| Lot Size | 925 | 1,500 | 17% |
| Price | $799.0K | $847.5K | 33% |
| Price per sq ft | $588 | $562 | 61% |
| Built year | 1986 | 1979 | 72% |
| HOA | $661.0 | $620 | 67% |
| Days on market | 107 | 173 | 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





























