2894 Elm, Merced, California 95348, Merced, 95348 - 3 bed, 1 bath
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Merced, California 95348
This Single Family Residence represents a Strong Value Opportunity, listed at $320,000—positioned well below the $320,321 Fair Market Value by 0.1%. Featuring a Fair Condition Rating, the home offers a move-in ready interior with recent updates, including new shingles and carpet. The expansive 9,524 sqft lot provides significant potential for future expansion or an ADU. This property balances immediate utility with long-term growth, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, entry-level asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2894 Elm Subject | $320,000* List Price | 3 | 1 | 1,328 | $241 | - |
A 2360 Fir Avenue Sold | $350,000 | 3 | 2 | 1,292 | $271 | 0.1 mi |
B 2129 Balboa Sold | $240,000 | 3 | 2 | 1,176 | $204 | 0.8 mi |
C 2290 Fern Sold | $375,000 | 3 | 2 | 1,221 | $307 | 0.6 mi |
D 2915 Balsam Sold | $324,900 | 3 | 2 | 1,165 | $279 | 0.8 mi |
E 2394 Lance Street Pending | $330,000 List Price | 3 | 2 | 1,330 | $248 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, the property has essential maintenance updates including a new roof, carpet, and water heater. However, the home remains dated with popcorn ceilings and evidence of older electrical configurations (surface-mounted conduit). While described as move-in ready, the lack of modern kitchen/bath renovations and the overall age place it in the fair category.
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.
The property is exceptionally clean and features several recent updates, including new carpet and a new water heater, allowing for an immediate and seamless transition for the buyer.
Boasting a generous 9,524 square foot lot, this property offers significant outdoor space for recreation, gardening, or the potential construction of an Accessory Dwelling Unit (ADU).
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With only one bathroom serving three bedrooms, the layout may pose a challenge for larger households and could impact the property's competitive edge in the resale market.
Built in 1960, the home may require future investments to modernize original systems or floor plan elements to meet the expectations of contemporary buyers.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,328 | 1,721.5 |
| Lot Size | 9,524 | 7,120 |
| Price | $320.0K | $407.4K |
| Price per sq ft | $241 | $253 |
| Built year | 1960 | 2002 |
| HOA | $0 | $108 |
| Days on market | 6 | 62 |
Jul 16, 2026
$320,000
Initial Listing
Oct 30, 2008
$47,500
Public Record
May 26, 2006
$241,000
Public Record
Jun 1, 2001
$74,000
Public Record