1058 Merced Street, Redlands, California 92374, Redlands, 92374 - 3 bed, 2 bath
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Redlands, California 92374
This Single Family Residence is a Strong Value Opportunity, listed at $575,000—positioned well above the $560,753 Fair Market Value by -2%. While currently priced slightly above market, the property features a Condition Rating of 4, offering a move-in ready interior with brand-new carpet and paint. The 8,250 sqft lot provides significant expansion potential, including space for an ADU. Located in the Redlands Unified district near top schools, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term lifestyle value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1058 Merced Street Subject | $565,000* List Price | 3 | 2 | 1,318 | $423 | - |
A 1209 Anthony Sold | $560,000 | 2 | 2 | 1,335 | $419 | 0.5 mi |
B 1214 Country Sold | $600,000 | 3 | 2 | 1,335 | $449 | 0.3 mi |
C 616 N Lincoln Street Sold | $561,500 | 3 | 2 | 1,294 | $434 | 0.6 mi |
D 100 Amber Court Sold | $526,000 | 3 | 2 | 1,273 | $413 | 0.7 mi |
E 1348 Jean Sold | $630,000 | 3 | 2 | 1,509 | $417 | 0.9 mi |
F 1308 Julie Court Sold | $590,000 | 3 | 2 | 1,335 | $442 | 0.9 mi |
G 927 Knightsbridge Sold | $685,000 | 3 | 2 | 1,672 | $410 | 0.2 mi |
H 1227 Darlene Court Pending | $569,000 List Price | 3 | 2 | 1,509 | $377 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property exceeds the 20-year threshold for dated components. While it features brand-new carpet and paint, the kitchen and bathrooms appear to have older countertops and fixtures. It is well-maintained and move-in ready, but requires modernization of major systems and surfaces to be considered good or excellent.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8250, living area = 1318.
The home features brand-new interior paint and carpet, high ceilings, and a versatile sunroom, offering a fresh and airy atmosphere for immediate occupancy.
Ideally situated within walking distance to highly-rated schools like Crafton Elementary and Redlands East Valley High, providing excellent convenience for families.
The property has undergone multiple price reductions and has been on the market for 46 days, which may indicate initial overpricing relative to current buyer demand.
At 1,318 square feet, the interior living space is relatively modest for a three-bedroom home, which may feel restrictive for larger families.
Versatile Redlands Home with Investment Potential Near the University of Redlands. Whether you’re looking for a place to call home or a smart investment, this beautifully maintained Redlands property offers exceptional flexibility and long-term value. Located just minutes from the University of Redlands, this 3-bedroom, 2-bath home is ideal for a variety of buyers—from growing families to investors seeking a high-demand rental opportunity. Step inside to discover brand-new interior paint and carpet, soaring ceilings, abundant natural light, central heating and air conditioning, a cozy fireplace, and stylish finishes that create a warm, inviting atmosphere. The spacious sunroom offers the perfect space for a home office, playroom, fitness area, or additional living space. Outside, you’ll find a generously sized lot with room to relax, entertain, garden, or explore future possibilities such as an ADU. The attached two-car garage and ample outdoor space add even more versatility. Here is why You’ll Love This Home. Its walking distance to Crafton Elementary, Redlands East Valley High School, neighborhood parks, grocery stores, and scenic walking trails. Just minutes from the University of Redlands, making it an excellent option for faculty, staff, students, or investors interested in student housing. Ideal for owner-occupants, multi-generational living, or buyers looking to generate rental income. Move-in ready with recent updates and pride of ownership throughout. Peaceful, established neighborhood with convenient access to shopping, dining, and freeway connections. With its proximity to the University of Redlands and flexible layout, this property presents an excellent opportunity for buyers looking to build long-term wealth. Whether your vision is a primary residence, a rental home for families, housing for university students, or a future ADU, this property offers the flexibility to fit your goals. Opportunities like this in Redlands don’t come along often. Schedule your private showing today and see why this home is the perfect place to live, invest, and grow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,318 | 1,782 |
| Lot Size | 8,250 | 7,956 |
| Price | $565.0K | $690.3K |
| Price per sq ft | $429 | $377 |
| Built year | 1990 | 1987 |
| HOA | $0 | $145 |
| Days on market | 56 | 59 |
Jul 14, 2026
$565,000
$575,000
-2% Price Drop
Initial Listing
Jul 2, 2026
$575,000
$579,900
-1% Price Drop
Initial Listing
Jun 27, 2026
$579,900
$590,000
-2% Price Drop
Initial Listing
Jun 19, 2026
$590,000
$595,000
-1% Price Drop
Initial Listing
May 27, 2026
$595,000
Initial Listing
Feb 14, 2019
$368,000
Public Record
Jul 25, 2006
$365,000
Public Record
Oct 10, 2002
$190,000
Public Record