1223 W Santa Fe Ave, Merced, California 95340, Merced, 95340 - 3 bed, 1 bath
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1223 W Santa Fe Ave
Merced, California 95340
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,044Sq Ft
7,800Lot Size
Property Price
LIST PRICE$289,000
EST. MARKET VALUE
$275,735
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $289,000—positioned well below the $275,735 Fair Market Value by -4%. While the property requires significant renovation, its Fair Condition Rating and 7,800 sqft lot provide a foundation for forced appreciation through ADU development. The inclusion of rooftop solar with battery storage adds immediate utility value. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a central Merced location.
Estimated Market Value
$275,735
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 |
|---|---|---|---|---|---|---|
★ 1223 W Santa Fe Ave Subject 3 bd · 1 ba · 1,044 sqft · $264 | $289,000* List Price | 3 | 1 | 1,044 | $264 | - |
A 1127 W 23rd Sold 2 bd · 1 ba · 1,263 sqft · $230 · 0.1 mi | $290,000 | 2 | 1 | 1,263 | $230 | 0.1 mi |
B 1054 W 24th Sold 3 bd · 1 ba · 1,264 sqft · $225 · 0.2 mi | $285,000 | 3 | 1 | 1,264 | $225 | 0.2 mi |
C 204 W 25th Sold 3 bd · 1 ba · 933 sqft · $225 · 0.9 mi | $210,000 | 3 | 1 | 933 | $225 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1956 (68 years old), this property is explicitly marketed as a 'fixer' and 'value-add opportunity.' While it features newer laminate flooring and solar panels, the presence of a dated wall heater, an unfinished garage with exposed studs and failing insulation, and the listing's call for a contractor indicate significant rehab is required.
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 = 7800, living area = 1044.
- ADU & Expansion Potential
The property features a deep 7,800 sqft lot with significant open space behind the main house, offering excellent potential for an Accessory Dwelling Unit (ADU) to maximize rental income or property value.
- Sustainable Energy Infrastructure
Equipped with rooftop solar panels and battery storage, the home provides a valuable foundation for energy efficiency and long-term utility savings, a rare find in this price point.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Marketed as a fixer-upper that 'needs work,' the property will require a substantial investment of capital and time to address deferred maintenance and modernize the living space.
- Limited Bathroom Count
The 3-bedroom, 1-bathroom configuration may be a drawback for modern families or investors, as the lack of a second bathroom typically limits marketability and rental premiums.
About 1223 W Santa Fe Ave
Value-add opportunity on a deep lot in central Merced, close to downtown. The layout lives larger than the square footage: the living room takes the front of the house with a wide window, and the kitchen opens through a breakfast bar to the dining area, with a separate hall to the bedrooms. Rooftop solar with battery storage is installed; buyer to verify condition. The yard runs well past the house with open space behind, buyer to verify ADU potential with the City of Merced. Fixer; needs work. Bring your contractor and your imagination.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,044 | 1,698.064 |
| Lot Size | 7,800 | 6,572.897 |
| Price | $289.0K | $415.4K |
| Price per sq ft | $277 | $253 |
| Built year | 1956 | 2002 |
| HOA | $0 | $108 |
| Days on market | 38 | 68 |
Pricing History
Listed for Sale
Sep 16, 2026
$289,000
Initial Listing
Sold
Jul 11, 2019
$173,500
Public Record
Sold
Oct 15, 2018
$142,000
Public Record
Sold
Feb 28, 2018
$115,000
Public Record