
Merced, California 95340
This property presents a High-Potential Investment Opportunity with a List Price of $365,000—positioned well above the $339,212 Fair Market Value by -7%. While the home requires modernization, its Fair Condition Rating and generous 7,068 sq. ft. lot offer significant value-add potential through renovation. Located in a prime North Merced neighborhood near Chenoweth Elementary and Rascal Creek, the property provides a functional floor plan with dual living areas. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3216 Nottingham Subject 3 bd · 2 ba · 1,253 sqft · $271 | $365,000* List Price | 3 | 2 | 1,253 | $271 | - |
A 3205 N Parsons Sold 3 bd · 2 ba · 1,408 sqft · $246 · 0.1 mi | $346,000 | 3 | 2 | 1,408 | $246 | 0.1 mi |
B 3195 Nottingham Sold 3 bd · 2 ba · 1,366 sqft · $271 · 0.0 mi | $370,000 | 3 | 2 | 1,366 | $271 | 0.0 mi |
C 2149 Spy Glass Court Sold 3 bd · 2 ba · 1,259 sqft · $301 · 0.7 mi | $378,500 | 3 | 2 | 1,259 | $301 | 0.7 mi |
D 3191 El Capitan Sold 3 bd · 2 ba · 1,315 sqft · $257 · 0.7 mi | $337,500 | 3 | 2 | 1,315 | $257 | 0.7 mi |
E 1445 Brookdale Sold 3 bd · 2 ba · 1,389 sqft · $231 · 0.1 mi | $321,000 | 3 | 2 | 1,389 | $231 | 0.1 mi |
F 350 El Portal Sold 3 bd · 2 ba · 1,175 sqft · $298 · 0.8 mi | $350,000 | 3 | 2 | 1,175 | $298 | 0.8 mi |
G 42 Sunset Court Sold 3 bd · 2 ba · 1,176 sqft · $305 · 0.9 mi | $359,000 | 3 | 2 | 1,176 | $305 | 0.9 mi |
H 3312 Cherokee Avenue Sold 4 bd · 2 ba · 1,381 sqft · $275 · 0.4 mi | $380,000 | 4 | 2 | 1,381 | $275 | 0.4 mi |
I 2993 N Parsons Active 3 bd · 2 ba · 1,008 sqft · $261 · 0.4 mi | $263,250 List Price | 3 | 2 | 1,008 | $261 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964 (60 years old), this property falls into the poor category based on age and lack of significant recent renovations. While the interior shows some updated laminate flooring, the description of the kitchen as merely 'functional' and the visual of original 1960s hallway built-ins and older wall vents suggest that the primary systems, kitchen, and bathrooms likely require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7068, living area = 1253.
Situated in a highly sought-after North Merced neighborhood, the property is within walking distance to Chenoweth Elementary and the Rascal Creek walking path, offering excellent lifestyle convenience.
The floor plan includes both a living room and a separate family room with a fireplace, providing more functional living and entertaining zones than typically found in homes of this square footage.
Built in 1964, the home may require modernization of its original systems or cosmetic updates to align with contemporary buyer preferences and energy efficiency standards.
With 1,253 sq. ft. divided among three bedrooms and two separate living areas, the individual room sizes may feel small or constrained for larger families.
Charming 3-bedroom, 2-bathroom home in one of North Merced's most established, tree-lined neighborhoods! Built in 1964, this 1,253 sq. ft. home sits on a generous 7,068 sq. ft. lot and offers wonderful curb appeal with mature shade trees throughout the street. Inside you'll find a comfortable living room plus a separate family room, a cozy fireplace, and a functional kitchen. Attached 2-car garage provides convenient parking and storage. Enjoy a spacious backyard with plenty of room to garden, entertain, or relax. Unbeatable location close to Olive Avenue, walking distance to Chenoweth Elementary, just a block from the Rascal Creek walking path, and minutes to Rahilly Park. Don't miss this opportunity in one of Merced's most sought-after pockets!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,253 | 1,698.064 |
| Lot Size | 7,068 | 6,572.897 |
| Price | $365.0K | $415.4K |
| Price per sq ft | $291 | $253 |
| Built year | 1964 | 2002 |
| HOA | $0 | $108 |
| Days on market | 22 | 68 |
Oct 2, 2026
$365,000
Initial Listing
Sep 19, 2008
$95,500
Public Record
Jun 29, 2001
$120,000
Public Record