1255 Carol, Merced, California 95341, Merced, 95341 - 2 bed, 1 bath
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Merced, California 95341
This property presents a Strong Value Opportunity with a List Price of $212,520—positioned well below the $226,732 Fair Market Value by 6%. This valuation gap offers $14,212 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the home requires a full rehab, yet the 10,659 sqft lot provides significant potential for expansion or an ADU. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in the ABC Unified district.
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 | $258 | - |
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 extensive renovation needed.
Built in 1945 with no evidence of recent renovations. The kitchen is severely dated with missing cabinet panels, worn flooring, and old appliances. The exterior shows significant neglect, and the property requires a full rehab to address age-related wear and outdated systems.
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 sits on a generous 10,659 sqft lot, offering significant outdoor space and substantial potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Listed at $212,520, the property is priced significantly below its 2021 sale price of $254,000, representing a high-value entry point for first-time buyers or investors.
Built in 1945, the home likely requires updates to major systems such as plumbing, electrical, and insulation to meet modern efficiency and safety standards.
With only 878 square feet of living area and a single bathroom, the compact layout may be restrictive for growing families or those requiring a home office.
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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 878 | 1,721.5 |
| Lot Size | 10,659 | 7,120 |
| Price | $212.5K | $407.4K |
| Price per sq ft | $242 | $253 |
| Built year | 1945 | 2002 |
| HOA | $0 | $108 |
| Days on market | 6 | 62 |
Jul 16, 2026
$212,520
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