2319 Wood, Merced, California 95340, Merced, 95340 - 3 bed, 1 bath
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Merced, California 95340
This Entry-Level Residential Asset is listed at $279,900, offering a stable entry point into the Merced market relative to its $255,932 Fair Market Value. The functional 3-bedroom layout and generous 5,225 square foot lot provide a solid foundation for high rental demand despite the compact 910 square foot interior. With a Condition Rating of 4, the 1950s structure offers significant Value-Add potential for those looking to modernize systems and increase equity in the Merced Union High School District. It is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2319 Wood Subject | $279,900* List Price | 3 | 1 | 910 | $290 | - |
A 2733 10th Avenue Sold | $322,000 | 3 | 2 | 1,188 | $271 | 0.5 mi |
B 200 E 27th Sold | $320,000 | 2 | 1 | 1,124 | $285 | 0.8 mi |
C 2777 Agnes Way Sold | $360,000 | 3 | 2 | 1,203 | $299 | 0.4 mi |
D 1403 Villa Drive Sold | $345,000 | 3 | 2 | 1,257 | $274 | 0.4 mi |
E 2238 Wood Street Active | $324,999 List Price | 3 | 1 | 920 | $353 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property is maintained but shows signs of age consistent with a 'starter home' or investment property. While the exterior appears functional, the 74-year-old structure likely features outdated interior systems, a single bathroom, and original or older finishes that require minor updates to meet modern standards.
Priced competitively at $279,900, this property serves as an excellent entry-level opportunity for first-time buyers or investors seeking a low-cost acquisition in the California market.
The three-bedroom configuration in an established residential area makes this an ideal investment property with strong appeal for local tenants and a potentially high rent-to-price ratio.
The 5,225 square foot lot provides ample outdoor space for recreation or potential future expansions, offering more land value than many modern high-density developments.
At only 910 square feet for a three-bedroom home, the individual room sizes are likely very small, which may limit furniture options and overall living comfort.
The presence of only one bathroom for a three-bedroom residence is a notable drawback for families and can be a significant bottleneck for daily functionality and resale value.
Great starter home or investment property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 910 | 1,571 | 5% |
| Lot Size | 5,225 | 7,500 | 6% |
| Price | $279.9K | $376.0K | 10% |
| Price per sq ft | $308 | $246 | 89% |
| Built year | 1950 | 1964 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 161 | 5% |
Mar 12, 2026
$279,900
Initial Listing
Jan 17, 2014
$66,000
Public Record
Dec 3, 2002
$133,000
Public Record