
Merced, California 95348
This property presents a Prime Investment Opportunity with a List Price of $299,800—positioned well below the $307,117 Fair Market Value by 2%. This valuation gap offers $7,317 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the home includes a two-car garage and a private patio. While the interior has received recent paint and flooring updates, the aging infrastructure provides a clear path for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry-level affordability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3257 Sacramento Drive Subject | $299,800* List Price | 3 | 2 | 1,147 | $268 | - |
A 1680 Juneau Court Sold | $308,000 | 3 | 1 | 980 | $314 | 0.1 mi |
B 1551 Little Rock Court Sold | $295,000 | 3 | 2 | 1,099 | $268 | 0.2 mi |
C 3157 Juneau Court Sold | $329,000 | 3 | 2 | 1,284 | $256 | 0.1 mi |
D 3536 San Isidro Sold | $362,000 | 3 | 2 | 1,187 | $305 | 0.5 mi |
E 3749 Morningside Sold | $370,000 | 3 | 3 | 1,258 | $294 | 0.9 mi |
F 1375 Loughborough Active | $350,000 List Price | 3 | 2 | 1,335 | $262 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is 50 years old and features a significantly dated kitchen with older cabinetry and appliances. While the listing mentions recent repairs, new interior paint, and updated laminate flooring, the core kitchen and bathroom fixtures appear to be over 30 years old and will require modernization.
Priced strategically below market value to facilitate a quick sale, offering significant value for entry-level buyers or investors in the Merced area.
The property features new interior paint and the completion of various repairs identified in inspection reports, enhancing its move-in readiness.
Includes essential modern comforts such as central forced air heating and cooling, durable tile and laminate flooring, and a two-car garage.
The seller's preference for an 'as-is' sale may limit buyer leverage for future repair negotiations or specific financing contingencies.
Built in 1974, the property may require ongoing maintenance or modernization of older systems and finishes to meet contemporary standards.
Asking price is below market for quick sale. It won't last long on the market. Lots of repair works listed in the inspection reports were done, New interior paint. prefer "as-is" sale. This home offers 1,147 square feet of living space on a 6,534 square foot lot. The property includes three bedrooms and two full bathrooms. Heating/air condition is provided by central forced air. Tile and Laminate floor, There is a two-car garage for parking and storage. The property is served by the Merced City Elementary School District. This residence combines practical living spaces with essential amenities in a Merced location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,147 | 1,694.749 |
| Lot Size | 6,534 | 6,619.141 |
| Price | $299.8K | $413.1K |
| Price per sq ft | $261 | $254 |
| Built year | 1974 | 2002 |
| HOA | $0 | $108 |
| Days on market | 5 | 66 |
Sep 4, 2026
$299,800
Initial Listing
Jun 24, 2016
$128,000
Public Record
Jun 30, 2010
$58,500
Public Record