2985 Redwood Drive, Merced, California 95340, Merced, 95340 - 4 bed, 3 bath
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2985 Redwood Drive
Merced, California 95340
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,388Sq Ft
8,306Lot Size
Property Price
LIST PRICE$519,900
EST. MARKET VALUE
$501,691
3% AboveMARKET VALUE
SUMMARY
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $519,900—positioned well below the $501,692 Fair Market Value by -3%. While the list price is slightly above the estimated value, the home’s Good Condition Rating and extensive modern upgrades, including a nearly new roof and HVAC, provide long-term stability. The unique 4th bedroom with a private entrance offers versatile rental potential. With no Mello Roos assessments, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home.
Estimated Market Value
$501,691
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 | $519,900* List Price | 4 | 3 | 2,388 | $210 | - |
A 1276 Panorama Point Court Sold | $475,000 | 4 | 3 | 2,244 | $212 | 0.9 mi |
B 2348 Katy Ln Sold | $375,000 | 3 | 2 | 1,454 | $258 | 0.3 mi |
C 1146 Gregory Court Sold | $435,000 | 3 | 2 | 1,825 | $238 | 0.7 mi |
D 3067 Marie Court Sold | $460,000 | 4 | 2 | 1,920 | $240 | 0.3 mi |
E 3332 Shamrock Sold | $442,000 | 3 | 2 | 1,788 | $247 | 0.8 mi |
F 2109 La Paz Court Sold | $460,000 | 3 | 2 | 1,848 | $249 | 0.2 mi |
G 1248 El Portal Sold | $580,000 | 4 | 2 | 2,284 | $254 | 0.8 mi |
H 1122 Kensington Drive Sold | $365,000 | 3 | 2 | 1,680 | $217 | 0.7 mi |
I 1949 Sierra Court Active | $485,000 List Price | 4 | 2 | 1,981 | $245 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1972, the property is in move-in condition with significant updates. The roof and HVAC are nearly new, and the kitchen and bathrooms have been extensively renovated with newer cabinets, counters, and flooring. The recent interior/exterior paint and new carpeting align with the 'Good' criteria for a well-maintained, updated home.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The home features a nearly new roof and HVAC system, dual-pane windows, and fully remodeled kitchen and bathrooms, significantly reducing immediate capital expenditure for the buyer.
- Versatile Living Arrangements
A unique fourth bedroom with a private entrance and ensuite bath provides excellent flexibility for multi-generational living, guest quarters, or potential rental income.
- Significant Monthly Savings
The absence of Mello Roos or Community Facilities assessments offers a distinct financial advantage, saving the owner approximately $200 to $400 per month compared to new construction.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Despite extensive surface updates, the 1972 construction year suggests that some underlying structural or utility components may be nearing the end of their functional lifespan.
- Limited View Profile
The property offers a standard neighborhood view, which lacks the premium aesthetic appeal or privacy provided by more scenic or secluded lot locations.
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!
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 | 3.3 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,388 | 1,694.749 |
| Lot Size | 8,306 | 6,619.141 |
| Price | $519.9K | $413.1K |
| Price per sq ft | $218 | $254 |
| Built year | 1972 | 2002 |
| HOA | $0 | $108 |
| Days on market | 22 | 66 |
Pricing History
Listed for Sale
Aug 18, 2026
$519,900
Initial Listing