2581 E Gerard, Merced, California 95341, Merced, 95341 - 3 bed, 2 bath
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Merced, California 95341
This property presents a High-Potential Investment Opportunity with a List Price of $326,500—positioned above the $300,922 Fair Market Value. While the property requires a Fair Condition Rating due to dated interiors, the 8,400 sqft lot and 2024 HVAC system provide a solid foundation for value-add renovations. The converted garage and backyard workshop offer flexible utility for increasing rental appeal or personal use. This asset is well-suited for Buy-and-Hold Investors or first-time buyers focused on long-term equity growth through strategic cosmetic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2581 E Gerard Subject | $310,000* List Price | 3 | 2 | 1,065 | $294 | - |
A 467 Brimmer Active | $350,000 List Price | 3 | 2 | 1,194 | $293 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the home is dated and requires cosmetic updates to the kitchen and interior to meet modern standards. While the HVAC system was recently replaced in 2024, the kitchen cabinets, tiling, and overall finishes appear to be over 20 years old, aligning with the 'Fair' criteria for a functional but dated property needing minor repairs and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8400, living area = 1065.
The property features a brand-new HVAC system installed in 2024, offering the buyer immediate peace of mind and significant savings on future maintenance and energy costs.
With a converted garage and a backyard workshop, the home provides flexible options for an additional bedroom, home office, or hobby space, maximizing the utility of the property.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1065, other record living area = 1485.
The garage conversion requires buyer verification of permits, which could lead to potential compliance issues or challenges with financing and future resale value.
Built in 1957 and marketed as a home 'full of potential,' the property likely requires substantial investment in modernizing original finishes and systems to meet current market standards.
Opportunity awaits with this home that is full of potential. Conveniently located near schools, shopping, dining, and easy freeway access. This home is a great opportunity for buyers looking to add their personal touch. The garage has been converted, offering flexible space that can be used as an additional bedroom, home office, or bonus room (buyer to verify permits and intended use). The backyard features a potential small workshop or storage space, providing added versatility for hobbies, projects, or extra storage. The HVAC system was replaced in 2024. Located near newer developments, the property is well positioned in an area with strong future appreciation potential. With plenty of possibilities and a spacious lot, this property is ready for your vision. Don’t miss this opportunity to build equity and make it your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,065 | 1,721.5 |
| Lot Size | 8,400 | 7,120 |
| Price | $310.0K | $407.4K |
| Price per sq ft | $291 | $253 |
| Built year | 1957 | 2002 |
| HOA | $0 | $108 |
| Days on market | 22 | 62 |
Jul 7, 2026
$310,000
$326,500
-5% Price Drop
Initial Listing
Jun 30, 2026
$326,500
Initial Listing
Aug 29, 2018
$149,000
Public Record