2863 Oleander, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
Loading property details...
Merced, California 95340
This Prime Investment Opportunity is listed at a List Price of $309,000, positioned well below the $316,116 Fair Market Value by 2%. This valuation gap provides $7,116 in Instant Equity. Featuring a Condition Rating of 3, the home offers a move-in ready interior with recent renovations on a massive 9,002 sqft lot. Its expansive outdoor space and established location make it a versatile Asset for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2863 Oleander Subject | $309,000* List Price | 3 | 2 | 1,186 | $269 | - |
A 2971 Chestnut Ave Sold | $325,000 | 2 | 1 | 1,120 | $290 | 0.3 mi |
B 8 W 25th Street Sold | $283,000 | 2 | 1 | 1,090 | $260 | 0.6 mi |
C 2979 Wainwright Sold | $372,000 | 3 | 2 | 1,538 | $242 | 0.3 mi |
D 1988 Union Avenue Sold | $350,000 | 3 | 1 | 1,124 | $311 | 1.0 mi |
E 1445 Brookdale Sold | $321,000 | 3 | 2 | 1,389 | $231 | 0.9 mi |
F 3191 El Capitan Sold | $337,500 | 3 | 2 | 1,315 | $257 | 0.7 mi |
G 2848 Tahoe Drive Sold | $390,000 | 4 | 2 | 1,367 | $285 | 0.2 mi |
H 557 Barney Street Sold | $279,000 | 4 | 2 | 1,339 | $208 | 0.6 mi |
I 360 E 19th Street Active | $299,950 List Price | 2 | 1 | 1,084 | $277 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1940, the interior has undergone a recent comprehensive renovation (likely <5 years) featuring new LVP flooring, modern paint, and updated bathroom tiling. The home is move-in ready and functional, though the exterior and unlandscaped yard prevent an 'Excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9002, living area = 1186.
The property features a generous lot of nearly 9,000 square feet, offering significant potential for outdoor entertaining, gardening, or the addition of an Accessory Dwelling Unit (ADU).
Professionally painted and featuring a cozy fireplace with abundant natural light, this 1940s home successfully blends classic architectural charm with fresh, inviting interior updates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Given the 1940 construction date, the home may require future capital expenditures for upgrading older mechanical, electrical, or plumbing systems to meet modern standards.
At 1,186 square feet for a three-bedroom configuration, the interior layout may feel restrictive for buyers seeking spacious common areas or modern open-concept living.
Charming home located in an established Merced neighborhood! This inviting property offers approximately 1,186 square feet of living space with 3 bedrooms and 1 bathroom on a generously sized lot of nearly 9,000 square feet. The home has been professionally painted, blending classic character with comfortable living. It features a cozy fireplace, spacious living areas, and abundant natural light throughout. Outside, enjoy the expansive backyard with plenty of room for gardening, entertaining, or future possibilities. Conveniently located near schools, parks, and major commuter routes. This home presents an excellent opportunity for first-time buyers, investors, or anyone seeking a charming residence.
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 | 1,186 | 1,721.5 |
| Lot Size | 9,002 | 7,120 |
| Price | $309.0K | $407.4K |
| Price per sq ft | $261 | $253 |
| Built year | 1940 | 2002 |
| HOA | $0 | $108 |
| Days on market | 34 | 62 |
Jun 18, 2026
$309,000
Initial Listing
Aug 13, 2021
$260,000
Public Record
Jan 15, 2020
$225,000
Public Record
Oct 19, 2018
$180,000
Public Record
Feb 16, 2018
$103,000
Public Record
Jan 11, 2018
$95,000
Public Record