2148 Keely, Merced, California 95340, Merced, 95340 - 3 bed, 1 bath
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2148 Keely
Merced, California 95340
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,120Sq Ft
9,975Lot Size
Property Price
LIST PRICE$179,900
EST. MARKET VALUE
$179,900
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $179,900—positioned well below the $179,900 Fair Market Value by 0%. While the home carries a Condition Rating of 5, the expansive 9,975 sq ft lot offers significant upside for development or ADU expansion. With long-term tenants currently in place, this asset provides immediate cash flow for Buy-and-Hold Investors or Contractors seeking a value-add project in the Merced Union district.
Estimated Market Value
$179,900
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 |
|---|---|---|---|---|---|---|
★ 2148 Keely Subject | $179,900* List Price | 3 | 1 | 1,120 | $161 | - |
A 1725 E 22nd Sold | $216,000 | 3 | 1 | 1,091 | $198 | 0.1 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 1944 (80 years old) with no evidence of significant renovations in the last 30-50 years. The property features dated wall heaters, visible cracks in the interior walls, and a bathroom in significant disrepair with evidence of moisture damage and mold around the tub. The exterior shows a failing fence and worn stucco, while the listing explicitly states it 'needs TLC' and is an 'as-is' sale, indicating a need for a complete rehab.
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 = 9975, living area = 1120.
- Attractive Price Point
With a significant reduction from the original list price to $179,900, this property offers a low-entry cost for investors or buyers looking for a high-potential project.
- Generous Lot Size
The expansive 9,975 sq ft lot provides ample space for potential expansion, outdoor living improvements, or the addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
Sold in 'as-is' condition and requiring 'TLC,' the property likely needs substantial capital investment for repairs and modernization to meet current market standards.
- Extended Market Time
Having spent over 230 days on the market with multiple price adjustments, the property faces a perception of stagnation that may impact buyer confidence and future resale value.
About 2148 Keely
Modest home, needs TLC, 3 Bedroom, 1 Bath 1,120 sq ft home Built in 1944, as per public records. As is, Where is sale! DO NOT GO TO THE DOOR. Long term tenants that would like to stay. May come vacant, soon!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 9,975 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,120 | 1,694.749 |
| Lot Size | 9,975 | 6,619.141 |
| Price | $179.9K | $413.1K |
| Price per sq ft | $161 | $254 |
| Built year | 1944 | 2002 |
| HOA | $0 | $108 |
| Days on market | 236 | 66 |
Pricing History
Listed for Sale
Sep 4, 2026
$179,900
$180,000
+0% Price Increase
Initial Listing
Price Change
Aug 27, 2026
$180,000
$195,000
-8% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$195,000
$209,000
-7% Price Drop
Initial Listing
Price Change
May 21, 2026
$209,000
$225,000
-7% Price Drop
Initial Listing
Price Change
Mar 28, 2026
$225,000
$275,000
-18% Price Drop
Initial Listing
Price Change
Jan 16, 2026
$275,000
Initial Listing
Sold
Mar 15, 2005
$178,000
Public Record
Sold
Jun 13, 2002
$99,500
Public Record
Sold
Dec 1, 1998
$51,000
Public Record
Sold
Oct 21, 1997
$20,000
Public Record