1237 E Alexander, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
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1237 E Alexander
Merced, California 95340
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,120Sq Ft
8,526Lot Size
Property Price
LIST PRICE$275,000
EST. MARKET VALUE
$284,134
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $275,000—positioned well below the $284,134 Fair Market Value by 3%. This valuation gap offers $9,134 in Instant Equity for buyers prepared to manage a total rehab. Featuring a 5 Condition Rating, the home requires significant debris removal and structural updates. The 8,526 sqft lot provides excellent potential for future expansion or ADU development. This is a probate asset ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$284,134+$9,134 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1237 E Alexander Subject 3 bd · 2 ba · 1,120 sqft · $254 | $275,000* List Price | 3 | 2 | 1,120 | $254 | - |
A 350 El Portal Sold 3 bd · 2 ba · 1,175 sqft · $298 · 0.9 mi | $350,000 | 3 | 2 | 1,175 | $298 | 0.9 mi |
B 2720 Glen Avenue Sold 3 bd · 2 ba · 1,195 sqft · $263 · 0.8 mi | $314,000 | 3 | 2 | 1,195 | $263 | 0.8 mi |
C 3205 N Parsons Sold 3 bd · 2 ba · 1,408 sqft · $246 · 0.4 mi | $346,000 | 3 | 2 | 1,408 | $246 | 0.4 mi |
D 1445 Brookdale Sold 3 bd · 2 ba · 1,389 sqft · $231 · 0.5 mi | $321,000 | 3 | 2 | 1,389 | $231 | 0.5 mi |
E 3191 El Capitan Sold 3 bd · 2 ba · 1,315 sqft · $257 · 0.6 mi | $337,500 | 3 | 2 | 1,315 | $257 | 0.6 mi |
F 2993 N Parsons Active 3 bd · 2 ba · 1,008 sqft · $261 · 0.3 mi | $263,250 List Price | 3 | 2 | 1,008 | $261 | 0.3 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 1961 with no mentioned updates, this property is a probate sale requiring a total rehab. The listing specifies 'Cash Only,' 'As-Is' condition, and significant debris, indicating likely safety or structural defects consistent with a major fixer-upper.
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 = 8526, living area = 1120.
- High Investment Potential
Positioned as a probate opportunity with a competitive list price, this property offers significant equity upside for investors prepared to renovate and modernize a mid-century home.
- Generous Lot Size
The 8,526-square-foot lot provides substantial outdoor space, offering potential for future expansions, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
The property is sold strictly as-is with significant debris and personal property remaining, requiring the buyer to assume all costs for cleanup and extensive structural or cosmetic repairs.
- Financing Limitations
The requirement for cash-only offers excludes buyers relying on traditional FHA or conventional financing, significantly narrowing the pool of potential purchasers.
About 1237 E Alexander
PROBATE INVESTMENT OPPORTUNITY! CASH OFFERS ONLY. Bring your vision and explore the potential this property has to offer. Sold strictly AS-IS, WHERE-IS, with significant debris and remaining personal property. Seller will make no repairs or perform cleanup.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 8,526 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 |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,120 | 1,698.064 |
| Lot Size | 8,526 | 6,572.897 |
| Price | $275.0K | $415.4K |
| Price per sq ft | $246 | $253 |
| Built year | 1961 | 2002 |
| HOA | $0 | $108 |
| Days on market | 4 | 68 |
Pricing History
Listed for Sale
Oct 20, 2026
$275,000
Initial Listing