2985 Redwood Drive, Merced, California 95340, Merced, 95340 - 4 bed, 3 bath
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2985 Redwood Drive
Merced, California 95340
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,388Sq Ft
8,306Lot Size
Property Price
LIST PRICE$464,900
EST. MARKET VALUE
$464,900
SUMMARY
This Spacious Move-In Ready Home is a Strong Value Opportunity, listed at $464,900—positioned well below the $464,900 Fair Market Value. Featuring a meticulously maintained interior, updated kitchen and baths, and a private 4th bedroom suite, the property boasts a Mint Condition Rating with no deferred maintenance. The absence of Mello Roos assessments and a generous $27,900 seller credit provide significant financial leverage. Situated on a quiet cul-de-sac with an oversized lot and covered patio, this home is ideal for Owner-Occupants or first-time buyers seeking a turnkey, high-utility residence.
Estimated Market Value
$464,900
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 |
|---|---|---|---|---|---|---|
★ 2985 Redwood Drive Subject 4 bd · 3 ba · 2,388 sqft · $195 | $464,900* List Price | 4 | 3 | 2,388 | $195 | - |
A 3504 Creekview Court Sold 4 bd · 4 ba · 2,389 sqft · $227 · 0.8 mi | $543,000 | 4 | 4 | 2,389 | $227 | 0.8 mi |
B 1276 Panorama Point Court Sold 4 bd · 3 ba · 2,244 sqft · $212 · 0.9 mi | $475,000 | 4 | 3 | 2,244 | $212 | 0.9 mi |
C 3067 Marie Court Sold 4 bd · 2 ba · 1,920 sqft · $240 · 0.3 mi | $460,000 | 4 | 2 | 1,920 | $240 | 0.3 mi |
D 3332 Shamrock Sold 3 bd · 2 ba · 1,788 sqft · $247 · 0.8 mi | $442,000 | 3 | 2 | 1,788 | $247 | 0.8 mi |
E 1146 Gregory Court Sold 3 bd · 2 ba · 1,825 sqft · $238 · 0.7 mi | $435,000 | 3 | 2 | 1,825 | $238 | 0.7 mi |
F 2377 Mariner Way Sold 3 bd · 2 ba · 2,062 sqft · $216 · 0.9 mi | $445,000 | 3 | 2 | 2,062 | $216 | 0.9 mi |
G 1975 E Alexander Active 4 bd · 2 ba · 1,981 sqft · $213 · 0.1 mi | $422,000 List Price | 4 | 2 | 1,981 | $213 | 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.
While built in 1972, the home has undergone recent extensive renovations including a nearly new roof and HVAC system, new dual-pane windows, and brand-new carpet and paint. The kitchen and bathrooms have been updated with new cabinets, counters, and fixtures, qualifying it as a mint-condition, move-in ready property with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The property features a nearly new roof and HVAC system, dual-pane windows, and fully remodeled kitchen and bathrooms, significantly reducing the need for immediate capital expenditures.
- Versatile Living Options
A dedicated fourth bedroom with a private entrance and ensuite bath provides an ideal setup for multi-generational living, a guest suite, or potential rental income.
- Superior Financial Incentives
The absence of Mello Roos assessments saves buyers hundreds monthly, while the seller's offer of up to $27,900 in closing cost credits provides a massive opportunity for interest rate buy-downs.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 65 days on market and multiple price reductions, the property may carry a stigma of being overpriced initially, potentially affecting buyer perception.
- Vintage Architectural Limitations
Despite the high-quality updates, the 1972 construction may still retain a more compartmentalized floor plan compared to the wide-open layouts found in newer modern builds.
About 2985 Redwood Drive
One owner home and move in ready! This home has been meticulously maintained and boasts a very livable floor plan. Living room, family room with gas fireplace, formal dining room, eat in kitchen, 4 BEDROOMS and 3 BATHS! 4th bedroom has private entrance with security screen door and a private bath. Perfect for guests, adult children or even a room rental! The roof and HVAC are nearly new, as are the dual pane windows. The kitchen and baths have been extensively updated - new cabinets, flooring, fixtures and counters. Carpets just replaced in the living room and 3 bedrooms. The exterior was painted just last year and MOST of the interior was just painted. The entire interior is a lovely neutral color scheme - lending itself to a warm or cool decor. The home sits at the end of a quiet cul-de-sac and has an oversized lot and covered patio. You won't want to miss this beautiful home in a well-established neighborhood. AND, there are no Mello Roo or Community Facilities assessments like on nearly all new construction! This equates to an approximate savings of $200 to $400 a month on a home in this price range! AT FULL PRICE SELLER WILL PAY BUYER COSING COSTS UP TO $27,900! BUY YOUR RATE DOWN AND SEE HUGE SAVINGS IN YOUR PAYMENT!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 8,306 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.4 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,388 | 1,698.064 |
| Lot Size | 8,306 | 6,572.897 |
| Price | $464.9K | $415.4K |
| Price per sq ft | $195 | $253 |
| Built year | 1972 | 2002 |
| HOA | $0 | $108 |
| Days on market | 67 | 68 |
Pricing History
Listed for Sale
Oct 17, 2026
$464,900
$494,900
-6% Price Drop
Initial Listing
Price Change
Sep 13, 2026
$494,900
$519,900
-5% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$519,900
Initial Listing