112 W 23rd, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
112 W 23rd
Merced, California 95340
Property Price
SUMMARY
Analysis of 112 W 23rd, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $369,000 aligned with the estimated $369,000 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 |
|---|---|---|---|---|---|---|
★ 112 W 23rd Subject | $369,000* List Price | 3 | 2 | 1,473 | $251 | - |
A 944 W 18th Sold | $342,500 | 3 | 2 | 1,176 | $291 | 0.9 mi |
B 2972 Tahoe Sold | $350,000 | 4 | 2 | 1,430 | $245 | 0.8 mi |
C 2660 6th Ave. Sold | $325,000 | 3 | 2 | 1,510 | $215 | 0.5 mi |
D 525 E 27th Street Sold | $395,900 | 3 | 2 | 1,588 | $249 | 0.5 mi |
E 2550 5th Avenue Sold | $350,000 | 3 | 2 | 1,584 | $221 | 0.4 mi |
F 688 Elise Court Active | $398,000 List Price | 3 | 2 | 1,606 | $248 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1927 home is move-in ready and demonstrates pride of ownership through several modern updates. The kitchen has been refreshed with granite countertops and stainless steel appliances, and the bathrooms feature updated vanities and fixtures. The interior boasts consistent laminate flooring and a functional indoor laundry area. Additionally, the property offers significant value-adds with a finished garage conversion and a well-landscaped backyard featuring a new pergola. While the home is older, the updates to the primary living surfaces and outdoor spaces align with the 'Good' condition category.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1473.
- Versatile Bonus Space
The converted one-car garage features laminate flooring, lighting, and electrical, providing a flexible space ideal for a home office, creative studio, or potential guest suite.
- Modernized Interior
The home blends 1920s character with contemporary updates, including a renovated kitchen with granite countertops and durable laminate flooring throughout the living areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Vintage Infrastructure
Built in 1927, the property may require ongoing maintenance or future upgrades to aging systems common in homes of this era, such as original plumbing or electrical components.
- Lack of Covered Parking
The conversion of the garage into a bonus room eliminates traditional indoor vehicle storage, which may be a drawback for buyers prioritizing protected parking or a workshop.
About 112 W 23rd
Welcome to this charming three-bedroom, two-bath home filled with character and thoughtful updates throughout. Step inside to find inviting laminate flooring, a cute, updated kitchen with granite counters and an enclosed sun porch that adds the perfect spot to relax! Indoor laundry room (right off the kitchen) adds everyday convenience and includes extra storage space, while the awesome updated backyard provides plenty of space for outdoor fun, gardening, or gatherings plus a newly built free-standing pergola with lights perfect for evening BBQs. At the back of the property, you’ll find a one-car garage that has been recently transformed into a versatile bonus space—complete with laminate flooring, lighting, electrical and a newer window. It’s ideal as a hobby room, office, or creative studio, it could even become a cozy guest suite. This home truly combines charm, functionality, and potential. Don’t miss it!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,473 | 1,551 | 39% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $369.0K | $360.0K | 51% |
| Price per sq ft | $251 | $245 | 57% |
| Built year | 1927 | 1965 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 171 | 21% |
Pricing History
Listed for Sale
Nov 17, 2025
$369,000
Initial Listing
Sold
Aug 20, 2021
$330,000
Public Record
Sold
Oct 13, 2010
$50,000
Public Record