2848 Tahoe Drive, Merced, California 95340, Merced, 95340 - 4 bed, 2 bath
2848 Tahoe Drive
Merced, California 95340
Property Price
SUMMARY
Analysis of 2848 Tahoe Drive, Merced, California 95340 reveals a property with a current list price of $385,000, which is 4% above the estimated $369,256 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 2848 Tahoe Drive Subject | $385,000* List Price | 4 | 2 | 1,367 | $270 | - |
A 280 E Olive Sold | $282,000 | 3 | 2 | 1,338 | $211 | 0.5 mi |
B 1640 E 27th Sold | $359,000 | 3 | 2 | 1,522 | $236 | 0.9 mi |
C 3151 Cherokee Sold | $385,000 | 3 | 2 | 1,295 | $297 | 0.7 mi |
D 2668 10th Avenue Sold | $312,000 | 3 | 2 | 1,280 | $244 | 0.4 mi |
E 2846 N Parsons Sold | $345,000 | 3 | 2 | 1,308 | $264 | 0.8 mi |
F 1095 Robinson Sold | $398,000 | 3 | 2 | 1,705 | $233 | 0.4 mi |
G 842 E Alexander Active | $369,000 List Price | 3 | 2 | 1,305 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready following a 2024 refresh that included a remodeled kitchen with refurbished cabinetry and new lighting. Significant capital improvements were made in 2024, including a new HVAC system and hot water heater, complemented by dual-pane windows and a 2015 solar system. While the 1961 build date and 'modest' nature of the updates prevent an 'excellent' rating, the recent mechanical and cosmetic upgrades place it firmly in the 'good' category.
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 = 10740, living area = 1367.
- Recent Capital Improvements
The property features a brand-new HVAC system and hot water heater installed in 2024, providing significant value and peace of mind regarding major mechanical components.
- Prime Location and Lot Size
Located in the desirable Bear Creek Estates of North Merced, the home sits on an expansive 10,740 sq. ft. lot, offering substantial outdoor space rarely found at this price point.
CONSRISKS & DEFICIENCIES
- Leased Solar System
The solar system is leased rather than owned, which requires the buyer to assume the existing contract and may complicate the financing or transfer process.
- Compact Interior Layout
With four bedrooms distributed across 1,367 square feet, the individual room dimensions may feel restrictive, and the garage-located laundry area may be less convenient for some buyers.
About 2848 Tahoe Drive
Located in the desirable Bear Creek Estates subdivision in North Merced, this modestly updated 4-bedroom, 2-bath home offers space, comfort, and modern improvements on an expansive 10,000+ sq. ft. lot. Remodeled in 2024, the home features a great room highlighted by a classic brick fireplace, built-in shelving and French doors that open to the patio, creating a seamless indoor-outdoor flow. The kitchen has been refreshed with refurbished cabinetry, added Can lighting, abundant counter space, breakfast bar, a glass cooktop with hood, built-in oven, dishwasher, and disposal. A dedicated dining area sits adjacent to the kitchen and great room, making the layout ideal for both everyday living and entertaining. Additional upgrades include a new HVAC system and new hot water heater installed in 2024, along with a leased solar system added in 2015 for improved energy efficiency. Dual pane windows are featured throughout the home. The back bedroom includes a sliding glass door with direct access to the backyard. The oversized garage provides ample storage and includes a built-in workbench, as well as the laundry area, offering added functionality. With its generous lot size, recent upgrades, and prime North Merced location, this move-in ready property presents an excellent opportunity for buyers seeking comfort and convenience at a great price.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 10,740 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,367 | 1,551 | 30% |
| Lot Size | 10,740 | 7,501 | 83% |
| Price | $385.0K | $360.0K | 55% |
| Price per sq ft | $282 | $245 | 77% |
| Built year | 1961 | 1965 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 171 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$385,000
Initial Listing