2038 H, Merced, California 95340, Merced, 95340 - 2 bed, 2 bath
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Merced, California 95340
This Spacious Character Residence is a Strong Value Opportunity, listed at $389,900—positioned well below the $428,804 Fair Market Value by 9%. This valuation gap offers $38,904 in Instant Equity for the buyer. Maintaining a Move-In Ready Condition Rating, the 1,925 sq ft interior features a modernized kitchen and a versatile bonus room for a potential third bedroom. Located near downtown and the Merced Union High School District, this property is perfectly suited for Owner-Occupants seeking character or Buy-and-Hold Investors targeting a stable, high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2038 H Subject | $364,900* List Price | 2 | 2 | 1,925 | $201 | - |
A 1145 W 22nd Sold | $399,900 | 3 | 3 | 1,854 | $216 | 1.0 mi |
B 641 E 19th Street Sold | $310,500 | 2 | 1 | 1,532 | $203 | 0.6 mi |
C 2550 5th Avenue Sold | $350,000 | 3 | 2 | 1,584 | $221 | 0.5 mi |
D 148 E 23rd Active | $372,000 List Price | 3 | 2 | 1,636 | $227 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite its 1939 construction, the property is in move-in ready condition with significant updates. The kitchen has been modernized with stainless steel appliances and stone countertops, and the bathrooms feature updated vanities and tile work. The interior showcases well-maintained hardwood floors and fresh paint, indicating consistent upkeep and renovations likely within the last 5 to 15 years.
With 1,925 sq ft of living area, the home features a large bonus room that can easily function as a third bedroom, home office, or den, offering flexibility for various lifestyle needs.
Ideally situated near downtown Merced with immediate access to Highway 99, the property provides excellent connectivity for professionals and easy access to local amenities.
The inclusion of a detached two-car garage plus a separate attached storage area offers significant utility and organization space rarely found in homes of this era.
Constructed in 1939, the property may require modernization of its electrical, plumbing, or HVAC systems to meet contemporary efficiency and safety standards.
Despite the generous square footage, the official two-bedroom configuration may limit market appeal for larger families compared to more traditional three-bedroom layouts.
Charming, one-of-a-kind home on the corner of 21st & H St., just minutes from downtown Merced with quick access to Highway 99. This spacious 1,925 sq ft residence features 2 bedrooms, 2 ensuite bathrooms, and a large additional room perfect for a third bedroom, home office, or den. Enjoy a beautiful, private yard ideal for entertaining, relaxing, or gardening. Detached two-car garage with attached storage provides ample space for vehicles, hobbies, or projects. Now offered at $364,000, reduced from $389,000—an exceptional value for this desirable location and features. Seller may offer a generous buyer credit toward an interest rate buydown, closing costs, repairs, or other buyer expenses, providing added flexibility and value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,925 | 1,576 | 74% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $364.9K | $376.0K | 45% |
| Price per sq ft | $190 | $246 | 10% |
| Built year | 1939 | 1964 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 161 | 14% |
Mar 11, 2026
$364,900
$389,900
-6% Price Drop
Initial Listing
Feb 14, 2026
$389,900
Initial Listing
Oct 31, 2011
$71,500
Public Record