Housing is so hot that a burned-out home listed at $400,000
CNN
The housing market has recently cooled from white hot to merely red hot. But it's still a great time to get top dollar on a home, even one that needs a little work. Or one that is a charred shell of a house.
That's the case with a home outside of Boston that was literally on fire only a month ago. The burned-out three-bedroom, one-and-a-half bath home in Melrose, Massachusetts, was listed last week for $399,000 and is already under contract, according to its listing on Zillow.
"House is in need of a complete renovation or potential tear down and rebuild," the real estate listing from the Marrocco Group with Coldwell Banker Realty reads. "Great potential to build a new and adorable home in desirable Melrose, a town where property values continue to rise."
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