2993 N Parsons, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
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2993 N Parsons
Merced, California 95340
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,008Sq Ft
7,694Lot Size
Property Price
LIST PRICE$253,500
EST. MARKET VALUE
$267,058
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $253,500—positioned well below the $267,059 Fair Market Value by 5%. This valuation gap offers $13,559 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires a full interior and systems rehab, yet the 7,694 sqft lot provides significant potential for expansion or an ADU. This Value-Add Asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with immediate equity upside.
Estimated Market Value
$267,058+$13,558 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2993 N Parsons Subject | $253,500* List Price | 3 | 2 | 1,008 | $265 | - |
A 2720 Glen Avenue Sold | $314,000 | 3 | 2 | 1,195 | $263 | 0.8 mi |
B 1445 Brookdale Sold | $321,000 | 3 | 2 | 1,389 | $231 | 0.5 mi |
C 2733 10th Avenue Sold | $322,000 | 3 | 2 | 1,188 | $271 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961 (65 years old) with no evidence of recent renovations. The exterior shows significant neglect with dead landscaping and dated stucco. The property likely requires a full rehab of the kitchen, bathrooms, and major systems (HVAC/Electric) to meet modern standards.
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 = 7694, living area = 1008.
- Competitive Market Value
The property is listed at $253,500, which is significantly lower than its 2021 sale price of $291,000, offering immediate equity potential for buyers.
- Generous Lot Size
With a lot size of 7,694 square feet, the property provides substantial outdoor space for potential expansions, landscaping, or an accessory dwelling unit (ADU).
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1961, the home likely requires updates to major systems and cosmetic renovations to meet modern energy efficiency and aesthetic standards.
- Compact Living Area
At just 1,008 square feet, the interior living space is relatively small, which may be a limiting factor for families requiring more room or dedicated home office space.
About 2993 N Parsons
Exceptional opportunity in Merced. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 7,694 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 |
| Square foot | 1,008 | 1,694.749 |
| Lot Size | 7,694 | 6,619.141 |
| Price | $253.5K | $413.1K |
| Price per sq ft | $251 | $254 |
| Built year | 1961 | 2002 |
| HOA | $0 | $108 |
| Days on market | 12 | 66 |
Pricing History
Listed for Sale
Aug 28, 2026
$253,500
Initial Listing
Sold
Nov 23, 2021
$291,000
Public Record
Sold
Jul 28, 2016
$151,500
Public Record