1147 Mirror Lake, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
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1147 Mirror Lake
Merced, California 95340
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,660Sq Ft
6,510Lot Size
Property Price
LIST PRICE$379,000
EST. MARKET VALUE
$382,151
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $379,000—positioned well below the $382,151 Fair Market Value by 0.8%. This valuation gap offers $3,151 in Instant Equity. Featuring an owned solar system and a functional 1,660 sq. ft. layout, the home maintains a Fair Condition Rating (1988 build), requiring cosmetic updates to maximize its potential. Located near top-rated schools like Allan Peterson Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Estimated Market Value
$382,151
Based on Realkey algorithm analyzing recent comparable sales in Merced.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1147 Mirror Lake Subject | $379,000* List Price | 3 | 2 | 1,660 | $230 | - |
A 1165 Inspiration Point Court Sold | $425,000 | 3 | 2 | 1,775 | $239 | 0.2 mi |
B 450 El Portal Drive Sold | $425,000 | 4 | 2 | 1,615 | $263 | 0.4 mi |
C 978 Doe Court Sold | $373,000 | 3 | 2 | 1,578 | $236 | 0.3 mi |
D 3341 Happy Isles Court Sold | $415,000 | 4 | 2 | 1,543 | $269 | 0.2 mi |
E 1986 Woodhaven Court Sold | $425,000 | 3 | 2 | 1,487 | $286 | 0.6 mi |
F 2182 Spanish Bay Court Sold | $445,000 | 3 | 2 | 1,707 | $261 | 0.7 mi |
G 1122 Kensington Drive Sold | $365,000 | 3 | 2 | 1,680 | $217 | 0.6 mi |
H 3312 Cherokee Avenue Sold | $380,000 | 4 | 2 | 1,381 | $275 | 0.3 mi |
I 975 Doe Court Pending | $399,900 List Price | 3 | 2 | 1,496 | $267 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property is 36 years old (built 1988) with no recorded renovations, placing it in the >30y category. Interior images confirm original 1980s blue tile counters and oak cabinetry in the bathrooms. The exterior shows a neglected lawn and an older roof-mounted HVAC system, suggesting the home requires a full cosmetic rehab and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency
The property features an owned solar system, providing the homeowner with significant long-term savings on utility bills and increased energy independence.
- Desirable Layout and Features
This single-story home offers a functional 1,660 sq. ft. floor plan highlighted by vaulted ceilings, a skylight, and a spacious primary suite with a soaking tub.
- Prime North Merced Location
Situated in the sought-after Oakmont Village neighborhood, the home is conveniently located near top-rated schools like Allan Peterson Elementary and local amenities.
CONSRISKS & DEFICIENCIES
- Unfinished Outdoor Space
The backyard is described as a blank canvas, which will require additional time and financial investment from the buyer to landscape and develop.
- Potential for Modernization
Built in 1988 with no mention of recent interior renovations, the home may require cosmetic updates to the kitchen and bathrooms to meet modern aesthetic standards.
About 1147 Mirror Lake
Welcome to 1147 Mirror Lake Dr, a charming single-story home located in North Merced's desirable Oakmont Village neighborhood. This 3-bedroom, 2-bathroom home offers approximately 1,660 sq. ft. of comfortable living space with a functional and inviting layout. The family room features vaulted ceilings, a skylight, and a brick fireplace, creating a warm space to gather and relax. The kitchen offers a breakfast bar, pantry, and garden window overlooking the backyard. The spacious primary suite includes a walk-in closet, and soaking tub. Additional features include ceiling fans throughout, abundant storage, a two-car attached garage, and additional side parking. The backyard provides a great outdoor space as a blank canvas, plus mature shade-providing surrounding trees. The home also features an owned solar system perfect for keeping your utility bills affordable year-round. Conveniently located near parks, schools, and everyday amenities, this home is ready for its next owner. Don't miss the opportunity to make this North Merced home your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 6,510 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
Merced Unified Schools
Allan Peterson Elementary School
Grades K-6 • 0.3 mi
6/10
Donn B. Chenoweth Elementary School
Grades K-6 • 0.6 mi
6/10
Rudolph Rivera Elementary
Grades K-6 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,660 | 1,694.749 |
| Lot Size | 6,510 | 6,619.141 |
| Price | $379.0K | $413.1K |
| Price per sq ft | $228 | $254 |
| Built year | 1988 | 2002 |
| HOA | $0 | $108 |
| Days on market | 7 | 66 |
Pricing History
Listed for Sale
Sep 2, 2026
$379,000
Initial Listing
Sold
Oct 28, 2022
$419,000
Public Record
Sold
Aug 12, 2016
$249,000
Public Record
Sold
Feb 8, 2002
$170,000
Public Record
Sold
Dec 15, 1997
$117,000
Public Record