3276 E Olive Avenue, Merced, California 95340, Merced, 95340 - 3 bed, 3 bath
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Merced, California 95340
Analysis of 3276 E Olive Avenue, Merced, California 95340 is currently available with a list price of $585,000. 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.
Property is moderate renovation needed.
The property is a well-maintained 1966 home that remains functional but shows clear signs of being outdated. While it features some significant updates such as dual-pane windows (installed approximately 5 years ago) and newer kitchen appliances, the overall aesthetic is aged. The kitchen retains original-style wood cabinetry and tile countertops, and the interior features popcorn ceilings and older carpeting. It is move-in ready and shows evidence of regular upkeep, but it lacks the comprehensive renovations required for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2031.
The property sits on a massive one-acre corner lot featuring a diverse private orchard with pomegranate, citrus, and nut trees, offering rare agricultural utility in a residential area.
With 2,031 square feet including a formal living room, family room with French doors, and a bonus enclosure with a rock fireplace, the layout provides exceptional flexibility for entertaining and large families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43560, other record lot size in square feet = 27932.
Built in 1966, the home features older architectural styles such as the rock fireplace insert and bonus enclosure that may require cosmetic modernization to appeal to contemporary buyers.
While functional for the climate, an above-ground pool generally offers less long-term property value and aesthetic appeal compared to a permanent in-ground installation.
Lovely home situated on an oversized corner lot. The formal entry leads to a spacious living room and also has a family room with french doors and a bonus enclosure with a cozy rock fireplace with insert. The family kitchen has ample dining space and updated applicances. The laundry has cabinetry, a deep sink and is indoors for convenience. There is ample room for an rv and the lot boasts many fruit trees of pomegranats, plums, nectarines, grapefruit, orange and apples. There are also 4 pecan trees and artichokes and grape plants. For the warmer weather there is an above ground pool. Dual pane windows and blinds throughout. The dual pane windows were installed approximately 5 years ago. This beautiful home offers a peaceful serene environment but is just minutes from town. Don't miss your opportunity to own this unique property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 2,031 | 1,576 | 77% |
| Lot Size | 43,560 | 7,500 | 97% |
| Price | $585.0K | $381.0K | 92% |
| Price per sq ft | $288 | $246 | 80% |
| Built year | 1966 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 161 | 2% |
Apr 14, 2026
$585,000
Initial Listing
Oct 1, 2019
$294,000
Public Record