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

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A house seriously damaged by a fire in Massachusetts received $399,000 . is listed in the market with an asking price of

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Melrose, Mass. – A home in Massachusetts severely damaged by a fire has been listed on the market with an asking price of $399,000.

WBZ-TV reported Monday that the home’s listing in the Boston suburb of Melrose is proof of how hot the housing market is.

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

The online listing for the burnt three-bedroom, 1,857-square-foot (173-square-meter) home begins with a call out to contractors, and continues: “The home is in need of a complete renovation or potential teardown and rebuilding.” . Buyer to do due diligence. Being sold as is.”

In August, a massive fire broke out in the house that blew out the front windows, which have now climbed up. The Boston Globe reported that firefighters had to tear down parts of the house’s walls and roof to put out the fire.

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