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

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

2520 Mckee Road

Merced, California 95340

ACTIVE
CONDITION: POOR
0Beds
0Baths
1,257Sq Ft
17,264Lot Size

Property Price

LIST PRICE$410,000
EST. MARKET VALUE
$386,178
6% AboveMARKET VALUE

SUMMARY

Analysis of 2520 Mckee Road, Merced, California 95340 reveals a property with a current list price of $410,000, which is 6% above the estimated $386,178 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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

$386,178
Based on Realkey algorithm analyzing recent comparable sales in Merced.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property consists of two homes built in 1946 that have been completely gutted, leaving them in an unlivable state. They require total rehabilitation and substantial investment to install new kitchens, bathrooms, flooring, and modern mechanical systems. While the structures are being marketed as a 'blank canvas' for renovation rather than a total demolition, the current condition meets the criteria for poor due to the lack of functional living components and the need for extensive repairs.

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.

  • Multi-Unit Investment Potential

    Featuring two separate homes on a single lot, this property offers versatile options for dual rental income, a primary residence with a guest house, or multi-generational living.

  • Strategic Location

    Situated just minutes from UC Merced and Merced JC, the property is ideally positioned to attract students and faculty in a high-demand rental market near local amenities.

CONSRISKS & DEFICIENCIES

  • Full Renovation Required

    Both homes have been completely gutted, necessitating a substantial investment of time and capital to design and finish the interiors before the property can be occupied.

  • Vintage Construction

    Originally built in 1946, the structures may require extensive updates to foundational systems such as plumbing and electrical to meet modern building codes during the rebuild.

About 2520 Mckee Road

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
-
Total Bathrooms
-

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)
Beds-3.0
3%
Baths-2.0
3%
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 market416172
0%

Pricing History

Listed for Sale

Jan 15, 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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