2894 Elm, Merced, California 95348, Merced, 95348 - 3 bed, 1 bath
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2894 Elm
Merced, California 95348
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,328Sq Ft
9,524Lot Size
Property Price
LIST PRICE$320,000
EST. MARKET VALUE
$322,293
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $320,000—positioned well below the $322,294 Fair Market Value by 0.71%. This valuation gap offers $2,294 in Instant Equity. Featuring a Condition Rating of 4, the home includes recent upgrades like new shingles and carpet. The 9,524 sqft lot provides significant potential for expansion or an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready asset with long-term growth potential.
Estimated Market Value
$322,293
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 |
|---|---|---|---|---|---|---|
★ 2894 Elm Subject | $320,000* List Price | 3 | 1 | 1,328 | $243 | - |
A 2394 Lance Street Sold | $330,000 | 3 | 2 | 1,330 | $248 | 0.5 mi |
B 2360 Fir Avenue Sold | $350,000 | 3 | 2 | 1,292 | $271 | 0.1 mi |
C 2129 Balboa Sold | $240,000 | 3 | 2 | 1,176 | $204 | 0.8 mi |
D 2943 Bea Sold | $385,000 | 3 | 2 | 1,561 | $247 | 0.5 mi |
E 2915 Balsam Sold | $324,900 | 3 | 2 | 1,165 | $279 | 0.8 mi |
F 2554 Hays Pending | $398,700 List Price | 3 | 2 | 1,460 | $273 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, the property is significantly aged but has been maintained with recent essential updates including new shingles, carpet, and a water heater. While the listing describes it as move-in ready, the overall aesthetic is dated and the single bathroom and kitchen likely require modernization.
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 = 9524, living area = 1328.
- Recent Capital Improvements
The property features significant recent upgrades including new roof shingles, new carpeting, and a new water heater, reducing immediate maintenance concerns for the buyer.
- Expansive Lot Size
Situated on a generous 9,524 square foot lot, the property offers substantial outdoor space for recreation, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Bathroom Count
With three bedrooms but only one bathroom, the floor plan may be less functional for larger households or buyers accustomed to modern multi-bath standards.
- Vintage Infrastructure
Built in 1960, the home may possess older electrical or plumbing systems that could require future modernization to meet contemporary efficiency and safety standards.
About 2894 Elm
A single family home with a 3 bedroom, 1 bath along with a huge lot. New shingles, carpet, and water heater. The house is nice and clean, and move in ready.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 9,524 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,328 | 1,694.749 |
| Lot Size | 9,524 | 6,619.141 |
| Price | $320.0K | $413.1K |
| Price per sq ft | $241 | $254 |
| Built year | 1960 | 2002 |
| HOA | $0 | $108 |
| Days on market | 55 | 66 |
Pricing History
Listed for Sale
Jul 16, 2026
$320,000
Initial Listing
Sold
Oct 30, 2008
$47,500
Public Record
Sold
May 26, 2006
$241,000
Public Record
Sold
Jun 1, 2001
$74,000
Public Record