2618 Hoover Court, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
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2618 Hoover Court
Merced, California 95340
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,220Sq Ft
6,098Lot Size
Property Price
LIST PRICE$374,000
EST. MARKET VALUE
$374,500
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $374,500—positioned well below the $377,284 Fair Market Value by 0.74%. This valuation gap offers $2,784 in Instant Equity. Featuring a Condition Rating of 2 with recent interior renovations, the home offers a stable, turnkey rental asset with a tenant in place through 2027. Located on a quiet cul-de-sac near Herbert Hoover Middle School, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking predictable, long-term appreciation.
Estimated Market Value
$374,500
Based on Realkey algorithm analyzing recent comparable sales in Merced.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2618 Hoover Court Subject 3 bd · 2 ba · 1,220 sqft · $307 | $374,000* List Price | 3 | 2 | 1,220 | $307 | - |
A 1988 Union Avenue Sold 3 bd · 1 ba · 1,124 sqft · $311 · 0.6 mi | $350,000 | 3 | 1 | 1,124 | $311 | 0.6 mi |
B 1399 E 23rd St Sold 3 bd · 1 ba · 1,027 sqft · $333 · 0.5 mi | $342,000 | 3 | 1 | 1,027 | $333 | 0.5 mi |
C 425 E 27th Sold 3 bd · 2 ba · 1,467 sqft · $256 · 0.3 mi | $374,900 | 3 | 2 | 1,467 | $256 | 0.3 mi |
D 1820 Orchard Sold 2 bd · 1 ba · 965 sqft · $366 · 0.6 mi | $353,000 | 2 | 1 | 965 | $366 | 0.6 mi |
E 24 W 26th Street Sold 3 bd · 2 ba · 924 sqft · $379 · 0.6 mi | $350,000 | 3 | 2 | 924 | $379 | 0.6 mi |
F 1111 Barney Sold 3 bd · 1 ba · 1,006 sqft · $303 · 0.4 mi | $305,000 | 3 | 1 | 1,006 | $303 | 0.4 mi |
G 2672 9th Avenue Pending 3 bd · 1 ba · 1,168 sqft · $265 · 0.1 mi | $309,900 List Price | 3 | 1 | 1,168 | $265 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1961, the property has undergone a comprehensive interior renovation within the last 5 years. The kitchen features modern white cabinetry, updated countertops, and a contemporary backsplash. The home also boasts new luxury vinyl plank flooring, fresh paint, and updated fixtures throughout, meeting the criteria for a recent high-quality renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property offers guaranteed cash flow with a reliable tenant in place through Spring 2027, generating $1,875 per month and eliminating immediate vacancy costs.
- Prime Cul-de-Sac Location
Situated on a quiet cul-de-sac within walking distance to Herbert Hoover Middle School and Ada Givens Elementary, the location is highly desirable for families.
- Turnkey Investment Appeal
With a functional layout and low-maintenance design, this property serves as a smart long-term hold for investors seeking predictable yields and appreciation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6237.
- Limited Physical Transparency
The use of original vacant photos for marketing and the 'do not disturb tenant' restriction may obscure the current interior condition and wear and tear.
- Vintage Infrastructure
Built in 1961, the property may require future capital expenditures for aging systems or modern upgrades to remain competitive in the local rental market.
About 2618 Hoover Court
Welcome to 2618 Hoover Ct, an outstanding addition to your investment portfolio or a smart long-term hold! This charming property offers immediate, steady cash flow with a reliable tenant in place through Spring 2027 generating $1,875 per month in rental income. Situated on a quiet cul-de-sac, the home features a functional layout, generous living spaces, and low-maintenance appeal. Enjoy peace of mind knowing you have steady returns from day one without the hassle or expense of immediate vacancy and leasing costs. Original vacant photos shown for illustration and privacy. Ideal for savvy investors looking for predictable yield and long-term appreciation. Do not disturb tenants. Contact listing agent for financial details and private tour arrangements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Merced Unified Schools
Ada Givens Elementary School
Grades K-6 • 0.4 mi
5/10
Rudolph Rivera Elementary
Grades K-6 • 2.0 mi
4/10
Herbert Hoover Middle School
Grades 7-8 • 0.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,220 | 1,698.064 |
| Lot Size | 6,098 | 6,572.897 |
| Price | $374.0K | $415.4K |
| Price per sq ft | $307 | $253 |
| Built year | 1961 | 2002 |
| HOA | $0 | $108 |
| Days on market | 33 | 68 |
Pricing History
Listed for Sale
Oct 13, 2026
$374,000
$374,500
+0% Price Increase
Initial Listing
Price Change
Sep 21, 2026
$374,500
Initial Listing
Sold
Aug 2, 2022
$379,000
Public Record
Sold
Apr 27, 2022
$285,000
Public Record