2367 Explorador, Merced, California 95340, Merced, 95340 - 4 bed, 3 bath
2367 Explorador
Merced, California 95340
Property Price
SUMMARY
Analysis of 2367 Explorador, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $489,000 aligned with the estimated $489,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2367 Explorador Subject | $489,000* List Price | 4 | 3 | 2,111 | $232 | - |
A 2409 Explorador Dr Sold | $500,000 | 6 | 3 | 2,621 | $191 | 0.1 mi |
B 1958 Fall Brook Court Sold | $495,000 | 4 | 3 | 2,474 | $200 | 0.5 mi |
C 3526 Veranda Court Sold | $450,000 | 4 | 3 | 1,739 | $259 | 0.5 mi |
D 3894 Avocet Drive Sold | $575,000 | 4 | 3 | 2,916 | $197 | 0.9 mi |
E 2364 River Rock Drive Active | $469,000 List Price | 4 | 3 | 2,068 | $227 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2020, this property is less than 5 years old and meets the highest quality standards. The home features a modern open-concept kitchen with quartz countertops and a large island, recessed lighting, and energy-efficient upgrades including paid-off solar panels. All interior finishes, including the three bathrooms and flooring, appear virtually new with no deferred maintenance, reflecting current market trends and high-quality construction.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency
The property features fully paid-off solar panels, offering significant long-term savings on utility costs and increasing the home's overall market value.
- Modern Versatile Layout
Built in 2020, this home offers a contemporary open-concept design and includes a desirable downstairs bedroom and full bathroom, perfect for guests or multi-generational living.
- Strategic Location
Located just six minutes from UC Merced, the property is ideally positioned for high rental demand or convenient access for university staff and students.
CONSRISKS & DEFICIENCIES
- Limited Backyard Greenery
The backyard is fully concrete, which while low-maintenance, lacks the traditional lawn or garden space often preferred by families with children or pets.
- Recurring HOA Fees
The property is subject to a $106 monthly association fee, which adds to the ongoing carrying costs compared to non-HOA neighborhoods in the area.
About 2367 Explorador
Welcome to this beautiful North Merced home featuring PAID OFF SOLAR perfect for saving on monthly energy costs. This modern 4-bedroom, 3-bath residence in the desirable Moraga community was built in 2020 and offers a bright open concept layout with a spacious living area and a stylish kitchen with a large island and quartz countertops. One full bedroom and bathroom are conveniently located downstairs ideal for guests or multi-generational living. Upstairs includes additional bedrooms along with a private master bedroom featuring its own attached bathroom. This home offers recessed lighting, energy efficient features and a 2 car attached garage. The backyard is fully concrete for easy low maintenance living great for outdoor dining or adding your own personal touch. The front yard is landscaped and inviting. Located just approx 6 minutes (2.8 miles) from UC Merced and close to neighborhood parks, Merced Station Apartments, schools, and shopping. This home offers comfort, convenience, and excellent value—perfect for first-time home buyers or investors looking for a strong rental opportunity near the university. Best value in the area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2020
- Lot Size
- 5,060 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $106.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 2,111 | 1,566 | 80% |
| Lot Size | 5,060 | 7,500 | 5% |
| Price | $489.0K | $360.0K | 78% |
| Price per sq ft | $232 | $244 | 42% |
| Built year | 2020 | 1967 | 97% |
| HOA | $106.0 | $0 | 99% |
| Days on market | 106 | 171 | 19% |
Pricing History
Listed for Sale
Feb 28, 2026
$489,000
Initial Listing
Price Change
Nov 21, 2025
$520,000
Initial Listing
Sold
Mar 31, 2023
$450,000
Public Record
Sold
May 29, 2020
$312,500
Public Record