1020 W 24th Street, Merced, California 95340, Merced, 95340 - 5 bed, 2 bath
1020 W 24th Street
Merced, California 95340
Property Price
SUMMARY
Analysis of 1020 W 24th Street, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $375,000 aligned with the estimated $375,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 W 24th Street Subject | $375,000* List Price | 5 | 2 | 1,785 | $210 | - |
A 2215 W Sold | $340,000 | 3 | 3 | 1,633 | $208 | 0.6 mi |
B 2107 S Street Sold | $350,000 | 3 | 2 | 1,644 | $213 | 0.3 mi |
C 2525 R Active | $379,900 List Price | 4 | 3 | 1,901 | $200 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant modern updates throughout. The kitchen has been fully renovated with contemporary shaker-style cabinetry, stone countertops, a modern tile backsplash, and stainless steel appliances. Bathrooms feature updated vanities and custom tile work in the showers. While the home was built in 1957, the interior shows high-quality maintenance with updated laminate flooring, recessed lighting, and fresh paint, though it falls short of 'excellent' due to the age of the underlying structure and potential original systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Occupancy Potential
With five bedrooms, this property offers exceptional utility for large families or multi-generational living, providing a high bedroom-to-square-footage ratio that is rare in this price bracket.
- Expansive Outdoor Space
The 6,500 square foot lot features a large, well-maintained backyard and a detached garage, offering significant versatility for outdoor entertainment, gardening, or additional storage.
- Turnkey Readiness
The home is presented in move-in ready condition, allowing buyers to avoid the immediate overhead and stress of renovations typically associated with mid-century properties.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1957, the property may feature original systems or structural elements that could require modernization or more frequent maintenance compared to newer builds.
- Market Price Adjustment
A recent price reduction from the original listing price suggests the property faced initial challenges in market alignment, which may affect buyer perception of its competitive value.
About 1020 W 24th Street
Discover this spacious 5-bedroom, 1,785 square foot home featuring a beautiful, thoughtfully designed layout with ample living space. Situated on a 6,500 square foot lot, the property offers a detached garage and a large, stunning backyard—perfect for outdoor gatherings and relaxation. Well-maintained and move-in ready, this wonderful home combines comfort, style, and functionality in a desirable location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,785 | 1,566 | 62% |
| Lot Size | 6,500 | 7,500 | 24% |
| Price | $375.0K | $360.0K | 52% |
| Price per sq ft | $210 | $244 | 28% |
| Built year | 1957 | 1965 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 224 | 172 | 70% |
Pricing History
Listed for Sale
Feb 28, 2026
$375,000
Initial Listing
Price Change
Jul 26, 2025
$400,000
Initial Listing
Sold
Nov 9, 2012
$85,000
Public Record
Sold
Sep 10, 2009
$75,000
Public Record
Sold
Jan 29, 2009
$58,500
Public Record
Sold
Nov 3, 2006
$254,000
Public Record