Hot housing market: Burned home listed for almost $400,000

MELROSE, Mass. (AP) — A property in Massachusetts seriously ruined by fireplace has been shown on the current market with an inquiring cost of $399,000.

WBZ-TV described Monday that the listing for the residence in Melrose, a suburb of Boston, is proof of how warm the housing market is.

In August, business groups listed the median sale value of single spouse and children residences in the state to be amongst $535,000 and $552,000.

The on line listing for the burned a few-bedroom, 1,857-sq. foot house begins with a connect with out to contractors, and carries on: “House is in require of a complete renovation or prospective tear down and rebuild. Consumer to do because of diligence. Dwelling becoming bought as is.”

The home experienced an extreme fire in August that blew out the front windows, which are now boarded up.

The Boston Globe noted that firefighters had to tear out sections of the partitions and ceiling of the house to extinguish the blaze.

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