3424 Mckee, Merced, California 95340, Merced, 95340 - 4 bed, 3 bath
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3424 Mckee
Merced, California 95340
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,678Sq Ft
108,900Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$624,372
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned well below the $624,372 Fair Market Value by 4%. This valuation gap offers $25,372 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full interior renovation, yet the 2.5-acre lot provides significant upside for expansion. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive structural and cosmetic overhaul.
Estimated Market Value
$624,372+$25,372 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Merced.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3424 Mckee Subject | $599,000* List Price | 4 | 3 | 2,678 | $233 | - |
A 2235 Dunn Active | $750,000 List Price | 4 | 4 | 3,140 | $239 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1972 (52 years old) with no evidence of renovations. The interior features original 1970s cabinetry, dated linoleum, and popcorn ceilings. The listing explicitly states it will not qualify for conventional or FHA financing, confirming significant safety or system defects that require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108900, living area = 2678.
- Expansive Acreage
Situated on a generous 2.5-acre lot, this property offers rare privacy and significant outdoor space for potential expansion, outbuildings, or agricultural use.
- Substantial Living Space
With nearly 2,700 square feet and a 4-bedroom, 3-bathroom layout, the home provides a large, versatile floor plan ideal for a high-end residential redevelopment.
CONSRISKS & DEFICIENCIES
- Restricted Financing
The requirement for cash or hard money only excludes traditional buyers using FHA or conventional loans, significantly narrowing the pool of potential purchasers.
- Significant Renovation Required
Sold in strictly as-is condition with significant renovation needs, the property requires substantial upfront capital and expertise to address deferred maintenance and structural updates.
About 3424 Mckee
Value-add opportunity at 3424 McKee Rd. Just under 3,000 sq. ft. on 2.5 acres with significant renovation potential. Ideal for an experienced investor looking for their next flip or project. Property is being sold AS-IS and will not qualify for conventional or FHA financing. CASH OR HARD MONEY ONLY! Buyer to verify all property details and condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 108,900 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,678 | 1,694.749 |
| Lot Size | 108,900 | 6,619.141 |
| Price | $599.0K | $413.1K |
| Price per sq ft | $224 | $254 |
| Built year | 1972 | 2002 |
| HOA | $0 | $108 |
| Days on market | 9 | 66 |
Pricing History
Listed for Sale
Aug 31, 2026
$599,000
Initial Listing