3500 Paseo Verde Avenue, Merced, California 95348, Merced, 95348 - 3 bed, 2 bath
3500 Paseo Verde Avenue
Merced, California 95348
Property Price
SUMMARY
Analysis of 3500 Paseo Verde Avenue, Merced, California 95348 reveals a Fairly Priced Property with a current list price of $450,000 aligned with the estimated $440,380 Fair Market Value. This represents a stable investment opportunity at market rate. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3500 Paseo Verde Avenue Subject | $450,000* List Price | 3 | 2 | 2,001 | $220 | - |
A 1304 Belmont Sold | $415,000 | 4 | 3 | 2,044 | $203 | 0.5 mi |
B 1207 Strawberry Drive Sold | $400,000 | 4 | 2 | 1,894 | $211 | 0.7 mi |
C 3529 Paseo Verde Avenue Sold | $495,000 | 5 | 3 | 2,241 | $221 | 0.1 mi |
D 899 La Jolla Way Sold | $435,000 | 3 | 2 | 1,901 | $229 | 0.1 mi |
E 3585 Cabrillo Ct Sold | $409,750 | 3 | 2 | 1,665 | $246 | 0.2 mi |
F 3425 Sueno Court Sold | $435,000 | 4 | 3 | 2,090 | $208 | 0.3 mi |
G 3546 Paseo Verde Avenue Active | $519,900 List Price | 5 | 3 | 2,241 | $232 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, this property is well-maintained and move-in ready but retains most of its original builder-grade features. The kitchen and bathrooms reflect late-90s styling with oak cabinetry, tile countertops, and white appliances rather than modern stainless steel. While the home features fresh landscaping and appears clean, it has not undergone the significant modern renovations necessary to be classified as 'good' or 'excellent' given its 26-year age.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious & Versatile Layout
Boasting over 2,000 square feet of living space, this 1999-built home includes a dedicated office and dual fireplaces, providing a functional and comfortable environment for both remote work and family life.
- Turnkey Curb Appeal
The property features fresh landscaping in both the front and backyards, offering immediate aesthetic appeal and a move-in-ready outdoor space for entertaining and relaxation.
- Exceptional School Proximity
Ideally situated for families, the home is located less than a quarter-mile from both Rudolph Rivera Middle School and Rudolph Rivera Elementary, ensuring a very short commute for students.
CONSRISKS & DEFICIENCIES
- Market Pricing Volatility
A recent $25,000 price reduction from the original listing price suggests the property may have faced challenges with initial market positioning or appraisal expectations.
- Modest Academic Ratings
Despite the convenient proximity to local schools, the assigned public institutions currently hold lower academic ratings, which may be a concern for education-focused buyers.
About 3500 Paseo Verde Avenue
Step into this beautiful 3 bed 2 bath home. Fresh landscaping in the front and backyard, Dual fireplaces, and an office. This home is ready to be called YOURS
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 6,884 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,001 | 1,752 | 73% |
| Lot Size | 6,884 | 6,203 | 64% |
| Price | $450.0K | $430.0K | 66% |
| Price per sq ft | $225 | $246 | 32% |
| Built year | 1999 | 2007 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 252 | 161 | 83% |
Pricing History
Listed for Sale
Feb 28, 2026
$450,000
Initial Listing
Price Change
Jun 28, 2025
$475,000
Initial Listing
Sold
Jun 25, 2003
$267,000
Public Record
Sold
Oct 29, 1999
$161,500
Public Record