1255 Carol, Merced, California 95341, Merced, 95341 - 2 bed, 1 bath
Loading property details...
Merced, California 95341
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $212,520, aligning with its $212,520 Fair Market Value. While priced at market, the valuation is positioned significantly below the 2021 sale price of $254,000, offering a low-capital entry point. Featuring a Condition Rating of 4 and an expansive 10,659 sqft lot within the ABC Unified district, the property provides significant potential for ADU development or forced appreciation through modernization. This is a strategic acquisition for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1255 Carol Subject | $212,520* List Price | 2 | 1 | 878 | $242 | - |
A 1616 E 21st Street Sold | $270,000 | 3 | 2 | 1,092 | $247 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, this home is in habitable condition but shows significant signs of age. The kitchen features dated cabinetry and older white appliances, while the interior contains aging carpets and basic finishes. While functional, the property requires cosmetic updates and likely modernization of major systems to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10659, living area = 878.
The property features a generous 10,659 sqft lot, providing significant potential for ADU development, home expansion, or extensive outdoor landscaping that is rare at this price point.
Priced at $231,000, this residence offers a highly accessible entry-level opportunity for first-time homebuyers or investors looking to enter the Merced market with a low capital requirement.
With only 878 square feet of living space and a 2-bedroom, 1-bathroom configuration, the home may feel restrictive for growing families or those requiring a dedicated home office.
Built in 1945, the property's age may necessitate updates to major systems such as plumbing, electrical, and insulation to meet modern efficiency and safety standards.
Exceptional opportunity in Merced. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 878 | 1,509 | 4% |
| Lot Size | 10,659 | 5,135.5 | 90% |
| Price | $212.5K | $392.0K | 1% |
| Price per sq ft | $242 | $253 | 35% |
| Built year | 1945 | 2025 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 135 | 34% |
Apr 9, 2026
$212,520
$231,000
-8% Price Drop
Initial Listing
Dec 16, 2025
$231,000
Initial Listing
Jun 30, 2021
$254,000
Public Record
May 30, 2019
$185,000
Public Record
May 22, 2018
$123,000
Public Record
Apr 12, 2018
$95,000
Public Record
Jun 6, 2011
$15,000
Public Record