3482 Paseo Verde Avenue, Merced, California 95348, Merced, 95348 - 4 bed, 3 bath
3482 Paseo Verde Avenue
Merced, California 95348
Property Price
SUMMARY
Analysis of 3482 Paseo Verde Avenue, Merced, California 95348 reveals a property with a current list price of $497,500, which is 7% above the estimated $462,477 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 3482 Paseo Verde Avenue Subject | $497,500* List Price | 4 | 3 | 1,956 | $236 | - |
A 3475 Paseo Verde Avenue Sold | $499,000 | 4 | 3 | 1,963 | $254 | 0.0 mi |
B 1304 Belmont Sold | $415,000 | 4 | 3 | 2,044 | $203 | 0.5 mi |
C 3529 Paseo Verde Avenue Sold | $495,000 | 5 | 3 | 2,241 | $221 | 0.1 mi |
D 1207 Strawberry Drive Sold | $400,000 | 4 | 2 | 1,894 | $211 | 0.7 mi |
E 3593 San Vincent Sold | $520,000 | 4 | 3 | 2,374 | $219 | 0.8 mi |
F 869 Redlands Court Sold | $498,000 | 4 | 2 | 1,881 | $265 | 0.6 mi |
G 1151 Mazatlan Active | $450,000 List Price | 5 | 3 | 2,243 | $201 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2002, this property is in move-in ready condition and appears to have undergone recent cosmetic updates. The kitchen features modern granite countertops and stainless steel appliances, while the interior boasts crown molding, high ceilings, and well-maintained flooring. While the home is over 20 years old, the overall quality and lack of deferred maintenance align with the 'good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime North Merced Location
Situated in the desirable Fahrens Park neighborhood, this home offers excellent proximity to local parks and is within walking distance (0.21 miles) to Rudolph Rivera Middle and Elementary schools.
- Elegant Interior Features
The property boasts high-end finishes including crown molding throughout, high ceilings, and a gourmet kitchen, providing a sophisticated and modern living environment.
- Spacious and Functional Layout
With four bedrooms, three full bathrooms, and separate living and family rooms, the 1,956 square foot floor plan is perfectly suited for growing families and entertaining guests.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-05-14. The sold price is $400,000.00.
- Average School Ratings
Most of the assigned public schools in the immediate area carry ratings between 3 and 4, which may be a drawback for buyers prioritizing high-performing school districts.
- Recent Price Adjustment
The property recently underwent a price reduction from $510,000 to $497,500, suggesting initial market resistance or a need to align more closely with current local comparable sales.
About 3482 Paseo Verde Avenue
Welcome to this stunning two-story home situated in Fahrens Park, North Merced. It features four bedrooms, three bathrooms, high ceilings, a family room, a gourmet kitchen, a spacious living room, a master bedroom, crown molding throughout, a convenient courtyard, and much more. Come and fall in love with this gem.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 5,821 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
Merced Unified Schools
Rudolph Rivera Elementary
Grades K-6 • 0.2 mi
John Muir Elementary School
Grades K-6 • 1.5 mi
Luther Burbank Elementary School
Grades K-6 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 1,956 | 1,752 | 71% |
| Lot Size | 5,821 | 6,144 | 34% |
| Price | $497.5K | $430.0K | 77% |
| Price per sq ft | $254 | $247 | 59% |
| Built year | 2002 | 2007 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 173 | 161 | 58% |
Pricing History
Listed for Sale
Feb 28, 2026
$497,500
Initial Listing
Price Change
Sep 15, 2025
$510,000
Initial Listing
Sold
May 14, 2025
$400,000
Public Record
Sold
Apr 14, 2003
$210,000
Public Record