3045 Silver Elm, Merced, California 95340, Merced, 95340 - 3 bed, 2 bath
3045 Silver Elm
Merced, California 95340
Property Price
SUMMARY
Analysis of 3045 Silver Elm, Merced, California 95340 reveals a Fairly Priced Property with a current list price of $389,000 aligned with the estimated $380,133 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3045 Silver Elm Subject | $389,000* List Price | 3 | 2 | 1,648 | $231 | - |
A 3067 Aspen Street Sold | $365,650 | 3 | 2 | 1,649 | $222 | 0.1 mi |
B 3482 Arch Rock Road Sold | $395,000 | 3 | 2 | 1,527 | $259 | 0.9 mi |
C 2550 5th Avenue Sold | $350,000 | 3 | 2 | 1,584 | $221 | 0.9 mi |
D 525 E 27th Street Sold | $395,900 | 3 | 2 | 1,588 | $249 | 0.8 mi |
E 2771 Saratoga Avenue Sold | $349,000 | 3 | 2 | 1,551 | $225 | 0.9 mi |
F 978 Doe Court Active Under Contract | $397,000 List Price | 3 | 2 | 1,578 | $252 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but it retains many original 1990s-era features, including tile countertops and dated built-in appliances. While the home is clean and functional, it has not undergone the extensive recent renovations required for a higher rating, placing it in the category of an aged but well-kept home.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property is meticulously maintained and move-in ready, featuring tile flooring throughout and an inviting floor plan that appeals to buyers seeking a low-maintenance transition.
- RV Parking & Outdoor Amenities
The home includes a dedicated RV parking area, a covered patio, and a storage shed, providing exceptional utility and storage options for outdoor enthusiasts.
- Prime North Merced Location
Situated in a highly desirable neighborhood near schools, shopping, and parks, this location offers long-term value and convenience for families and professionals alike.
CONSRISKS & DEFICIENCIES
- Dated Interior Finishes
The kitchen features tile countertops and 1990s-era built-in appliances, which may feel aesthetically dated to buyers looking for modern quartz or granite finishes.
- Modest Lot Size
At 5,655 square feet, the lot is relatively compact for the area, which may limit options for significant backyard expansions or large-scale gardening projects.
About 3045 Silver Elm
Charming Turnkey Home in North Merced! Welcome to this beautifully maintained 3-bedroom, 2-bath home offering 1,648 sq. ft. of comfortable living space on a peaceful street. The inviting floor plan features a spacious living room with a cozy fireplace, tile flooring throughout, and an abundance of natural light. The kitchen includes tile counters, built-in appliances, and a cheerful breakfast nook—perfect for casual dining. Step outside to a nicely landscaped yard with front and rear sprinklers, a covered patio, and a storage shed—ideal for entertaining or relaxing outdoors, and RV Parking. Located in a desirable North Merced neighborhood near schools, shopping, and parks, this home is move-in ready and waiting for its next owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 5,655 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,648 | 1,566 | 59% |
| Lot Size | 5,655 | 7,500 | 9% |
| Price | $389.0K | $360.0K | 60% |
| Price per sq ft | $236 | $244 | 47% |
| Built year | 1990 | 1967 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 171 | 23% |
Pricing History
Listed for Sale
Feb 28, 2026
$389,000
Initial Listing
Price Change
Nov 10, 2025
$408,000
Initial Listing
Sold
Sep 2, 2011
$144,500
Public Record