Melrose Home Charred in Fire Now on the Market for Almost $400K

If you've been searching for a home to buy here on the SouthCoast, or anywhere in Massachusetts to be frank, you've probably noticed by now that the prices are insane. The hot housing market has even bled over into the rental market, making it difficult and sometimes seemingly-impossible to find a place to call home. What a crazy time to be alive, right?

One of the latest homes to hit the Massachusetts market absolutely blows my mind, and maybe not in the way you might be thinking. It doesn't have a spiraling staircase, a grand foyer or a sprawling backyard. Instead, it has a completely charcoaled front side and severe damages, yet it's listed for a whopping $399 thousand.

Just last month, Melrose fire crews responded to the scene of a house fire on Berkeley Street. Luckily, the family was already outside and uninjured when crews arrived, but Melrose Fire Captain Peter Grant told Boston.com that firefighters had to rip out walls in the home to put out the fire and some even suffered heat-related injuries fighting the blaze.

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Just about a month later, the home has hit the market with Coldwell Banker Realty, and listing agent Monte Marrocco recommends that the new owner completely renovate the property or even tear down the structure and start from scratch.

So maybe you've been looking for the opportunity to build your own home and start anew in a suburb just outside of Boston. If so, this might just be the house for you. Take a look around and even check out some old photos of what this house looked like before the fire. Do you see the potential?