1127 W 23rd Street, Merced, California 95340, Merced, 95340 - 2 bed, 1 bath
1127 W 23rd Street
Merced, California 95340
Property Price
SUMMARY
Analysis of 1127 W 23rd Street, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $349,999 aligned with the estimated $344,581 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 1127 W 23rd Street Subject | $349,999* List Price | 2 | 1 | 1,263 | $273 | - |
A 1665 Patricia Sold | $350,000 | 3 | 2 | 1,348 | $260 | 0.5 mi |
B 1320 W. 25th Street Sold | $340,000 | 3 | 1 | 1,128 | $301 | 0.2 mi |
C 2215 W Sold | $340,000 | 3 | 3 | 1,633 | $208 | 0.4 mi |
D 1028 W 22nd Sold | $312,800 | 2 | 1 | 1,104 | $283 | 0.1 mi |
E 1320 W 21st Sold | $276,000 | 2 | 1 | 1,037 | $266 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1951, this home is well-maintained but retains much of its original character and vintage infrastructure. The kitchen and bathroom feature dated cabinetry, older tile countertops, and aged appliances that show signs of being outdated. While the property is functional and move-in ready, it lacks the modern renovations or system updates required for a higher condition rating.
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 = 7501, living area = 1263.
- Extensive Storage Solutions
The property features three large sheds on a generous lot, providing exceptional storage capacity and utility for hobbies, tools, or equipment.
- Generous Lot Size
Sitting on a 7,501 square foot lot, the home offers a spacious backyard that serves as a private retreat for outdoor entertaining, gardening, or potential expansion.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The home features only one bathroom, which may be a drawback for families or those who frequently host guests, potentially impacting daily convenience.
- Vintage Infrastructure
Built in 1951, the property may require ongoing maintenance or updates to its older systems to align with modern energy efficiency and building standards.
About 1127 W 23rd Street
Enjoy comfortable living in this charming 2-bedroom, 1-bath home offering 1,263 square feet of spacious interiors. Set on a generous 7,501 square foot lot, the property features three large sheds providing ample storage solutions. The lovely backyard creates a perfect outdoor retreat for relaxing or entertaining. Conveniently located with easy access to local amenities, this well-maintained home is ready to welcome its new owners!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,263 | 1,551 | 20% |
| Lot Size | 7,501 | 7,501 | 50% |
| Price | $350.0K | $360.0K | 36% |
| Price per sq ft | $277 | $245 | 74% |
| Built year | 1951 | 1965 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 224 | 172 | 70% |
Pricing History
Listed for Sale
Feb 28, 2026
$349,999
Initial Listing
Price Change
Jul 26, 2025
$350,000
Initial Listing
Sold
Jun 25, 2012
$83,000
Public Record