1860 Carol Avenue, Merced, California 95341, Merced, 95341 - 3 bed, 2 bath
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Merced, California 95341
This property presents a High-Potential Investment Opportunity with a List Price of $340,000—positioned well below the $323,074 Fair Market Value by -5%. While the home carries a Condition Rating of 4, its 8,097 sqft lot and detached workshop provide significant upside for forced appreciation. The versatile floor plan and bonus interior room offer clear paths to increasing rental yield or resale value. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1860 Carol Avenue Subject | $340,000* List Price | 3 | 2 | 1,212 | $267 | - |
A 1616 E 21st Street Sold | $270,000 | 3 | 2 | 1,092 | $247 | 0.3 mi |
B 1675 Rose Avenue Sold | $267,000 | 2 | 1 | 859 | $311 | 0.4 mi |
C 194 Livorno Court Sold | $350,000 | 3 | 2 | 1,250 | $280 | 0.8 mi |
D 467 Brimmer Pending | $335,000 List Price | 3 | 2 | 1,194 | $281 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, the property is functional but significantly dated. The bathroom features 1980s/90s-era tile and cabinetry (>30 years old), and the laundry area shows worn linoleum. While the addition of solar panels and a clean exterior suggest basic maintenance, the interior finishes and likely the underlying systems require modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8097, living area = 1212.
The property features an additional interior room and a detached garage/workshop wired for electricity, offering significant potential for a home office, hobby room, or conversion into guest quarters.
Situated on a spacious 8,097 sqft lot, the property provides ample space for outdoor entertaining and extensive parking while maintaining a low-maintenance landscape.
Built in 1951, the home may require updates to its original systems and interior finishes to meet the standards of modern living and energy efficiency.
The 1.5-bath layout may be a drawback for larger households, especially when considering the potential use of the extra room as an additional bedroom.
Welcome to Carol Ave. Don't miss this great opportunity to purchase this 3 bedroom 1 1/2 bath home w/an extra room with lots of potential, for crafting/additional storage, or a home office. In addition to a detached, 1 car plus garage w/workshop, or potential use as a guest quarters and wired for electric. Low maintenance backyard w/potential of lots of parking, entertaing or whatever you dream of.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,212 | 1,721.5 |
| Lot Size | 8,097 | 7,120 |
| Price | $340.0K | $407.4K |
| Price per sq ft | $281 | $253 |
| Built year | 1951 | 2002 |
| HOA | $0 | $108 |
| Days on market | 2 | 62 |
Jul 20, 2026
$340,000
Initial Listing