2993 N Parsons, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
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Merced, California 95340
This Vintage Corner-Lot Residence is a strategic Value-Add Asset listed at $325,000, reflecting a stable entry point relative to its $287,752 Fair Market Value. While the home carries a Condition Rating of 4 and requires interior modernization, it offers significant upside through High Available Lot Utilization on an expansive 7,694 sqft Lot. The functional 3-bedroom layout, solar panel updates, and Corner Lot Advantage provide a rare footprint for expansion within the Merced City school district. This is a prudent acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2993 N Parsons Subject | $325,000* List Price | 3 | 2 | 1,008 | $285 | - |
A 1595 E 26th St Sold | $354,000 | 3 | 3 | 1,024 | $346 | 0.9 mi |
B 415 Columbia Sold | $358,000 | 3 | 2 | 1,175 | $305 | 1.0 mi |
C 2733 10th Avenue Sold | $322,000 | 3 | 2 | 1,188 | $271 | 0.9 mi |
D 3202 Dublin Avenue Sold | $350,000 | 3 | 2 | 1,389 | $252 | 0.4 mi |
E 2777 Agnes Way Sold | $360,000 | 3 | 2 | 1,203 | $299 | 0.8 mi |
F 2846 N Parsons Sold | $345,000 | 3 | 2 | 1,308 | $264 | 0.2 mi |
G 3205 N Parsons Active | $330,000 List Price | 3 | 2 | 1,408 | $234 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is a vintage home that appears to be maintained but shows clear signs of age. The exterior features dated mustard-colored stucco and requires landscaping attention. While the addition of solar panels suggests some system updates, the compact 1,008 sqft footprint for a 3-bedroom, 2-bathroom home indicates a likely original 1960s layout with dated interior finishes, kitchen, and bathrooms that would require cosmetic modernization to meet current market expectations.
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.
The property is situated on a corner lot, providing enhanced privacy, additional street parking, and potentially more flexibility for landscaping or access.
With a lot size of 7,694 square feet, there is significant outdoor space for potential expansion, an ADU, or creating a large private backyard oasis.
At 1,008 square feet, the interior living area is relatively small for a three-bedroom home, which may result in smaller bedroom sizes and limited common areas.
Built in 1961, the property may require updates to major systems or cosmetic modernizations to meet the expectations of contemporary buyers.
Corner lot with three bedrooms and two full bathrooms.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,008 | 1,568 | 9% |
| Lot Size | 7,694 | 7,500 | 56% |
| Price | $325.0K | $375.0K | 23% |
| Price per sq ft | $322 | $246 | 92% |
| Built year | 1961 | 1964 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 162 | 2% |
Apr 7, 2026
$325,000
Initial Listing
Nov 23, 2021
$291,000
Public Record
Jul 28, 2016
$151,500
Public Record