2520 Mckee Road, Merced, California 95340, Merced, 95340 - 2 bed, 1 bath

2520 Mckee Road, Merced, California 95340 home-pic-0

2520 Mckee Road

Merced, California 95340

ACTIVE
CONDITION: POOR
2Beds
1Baths
1,257Sq Ft
17,264Lot Size

Property Price

LIST PRICE$410,000
EST. MARKET VALUE
$410,000

SUMMARY

Analysis of 2520 Mckee Road, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $410,000  aligned with the estimated $410,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$410,000
Based on Realkey algorithm analyzing recent comparable sales in Merced.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2520 Mckee Road
Subject
$410,000*
List Price
211,257$326-
A
2580 Country Drive
Active
$364,900
List Price
421,574$2320.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property is currently in a fully gutted state, described as a 'blank canvas' with no functional kitchens, bathrooms, flooring, or finished interior systems. Built in 1946, it requires substantial rehabilitation and a complete interior rebuild to meet habitability standards.

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 = 17264, living area = 1257.

  • Dual-Income Potential

    The property features two separate homes on a single lot, providing an excellent opportunity for multi-generational living or generating double rental income.

  • Flexible Financing Options

    The seller's willingness to consider owner-carry terms offers a significant advantage for investors or buyers who may require creative financing solutions.

CONSRISKS & DEFICIENCIES

  • Extensive Rehabilitation Needed

    Both homes have been fully gutted, requiring a substantial capital investment and a lengthy renovation timeline before the property can be occupied.

  • Aged Infrastructure Risks

    Built in 1946, the property may present hidden structural or system challenges common in older homes that must be addressed during the rebuilding process.

About 2520 Mckee Road

Owner may carry for the right price/terms. This unique multi-family property sits on just under half an acre and features two homes on one lot, offering incredible potential for investment or multi-generational living. Both homes have been fully gutted, providing a blank canvas for you to design the interiors to your specifications. Each house is currently a two-bedroom, one-bathroom layout with ample space to add additional rooms, making it ideal for expansion. The generous lot size offers plenty of outdoor space for both properties, creating opportunities for additional parking, landscaping, or even future development. Whether you're looking to renovate both homes and rent them out, live in one and lease the other, or design your dream multi-family setup, this property presents endless possibilities. A rare find for even the most discerning buyer, it enjoys a prime location near shops, restaurants, grocery stores, and is just a few short minutes from both UC Merced and Merced JC.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1946
Lot Size
17,264 Sq. Ft.

Interior

Total Bedrooms
2
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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
18%
Baths1.02.0
20%
Square foot1,2571,551
20%
Lot Size17,2647,501
94%
Price$410.0K$360.0K
72%
Price per sq ft$326$245
92%
Built year19461965
14%
HOA$0$0
50%
Days on market417172
0%

Pricing History

Listed for Sale

Jan 14, 2025

$410,000

Initial Listing

Sold

May 17, 2024

$265,000

Public Record

Sold

Jan 25, 2017

$153,000

Public Record

Sold

Oct 12, 2004

$100,000

Public Record

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