Housing market so hot, burned house going for almost $400K

Massachusetts

A home that was seriously damaged by fire is seen, Tuesday, Sept. 28, 2021, in Melrose, Mass. WBZ-TV reported that the $399,000 asking price for the home in Melrose, a suburb of Boston, is evidence of how hot the housing market is in the state. The online listing for the burned, three bedroom, 1,857-square foot home says it is in need of complete renovation and is being sold as is. (AP Photo/Elise Amendola)

MELROSE, Mass. (AP) — A home in Massachusetts seriously damaged by fire has been listed on the market with an asking price of $399,000.

The listing for the home in Melrose, a suburb of Boston, is evidence of how hot the housing market is.

In August, industry groups listed the median sale price of single family homes in the state to be between $535,000 and $552,000.

The online listing for the burned three-bedroom, 1,857-square foot (173-square meter) home starts with a call out to contractors, and continues: “House is in need of a complete renovation or potential tear down and rebuild. Buyer to do due diligence. House being sold as is.”

The house suffered an intense fire in August that blew out the front windows, which are now boarded up.

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