
Merced, California 95348
This Value-Add Residential Asset is listed at $385,000, positioned near its $349,713 Fair Market Value following a recent price reduction. Currently holding a Condition Rating of 4, the home reflects its history as a long-term rental and requires cosmetic updates to modernize the original 2003 finishes. The property’s primary strengths are its rare 3-Car Garage and an expansive 9,115 Sq Ft Corner Lot, offering significantly more outdoor space and storage than competing neighborhood parcels. Located within the Merced Union High School District, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through targeted improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3533 San Isidro Subject | $385,000* List Price | 3 | 2 | 1,705 | $205 | - |
A 3583 Sarasota Sold | $405,000 | 3 | 2 | 1,705 | $238 | 0.2 mi |
B 3502 San Francisco Sold | $499,000 | 4 | 2 | 2,060 | $242 | 0.6 mi |
C 3803 Colma Court Sold | $410,000 | 3 | 2 | 1,563 | $262 | 0.7 mi |
D 3406 San Martin Court Pending | $435,000 List Price | 3 | 2 | 1,705 | $255 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 2003, is in mostly original condition and shows signs of wear consistent with its history as a long-term rental. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and older white appliances. While the home appears functional, it requires minor repairs and cosmetic updates, such as addressing a hole in the laundry room wall, refreshing scuffed paint, and potentially replacing worn carpeting and dated linoleum flooring.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9115, living area = 1705.
The property features a rare 3-car garage, providing significant added value for multi-vehicle households or those requiring extra storage and workshop space.
Situated on a generous 9,115 sq ft corner lot, this home offers enhanced privacy and a larger outdoor footprint compared to standard interior parcels in the neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9115, other record lot size in square feet = 9172.
The history of long-term tenants suggests the property may require cosmetic updates or minor repairs to bring it up to modern market standards.
The assigned public schools currently hold lower ratings (mostly 3-4), which may be a consideration for families prioritizing high-performing educational districts.
Great Area! 3 Bedrooms, 2 Bath 1,708 sq ft home built in 2003, on a 9,115 sq ft corner lot. Property has a 3 Car garage! Tile roof, great room, tile counter tops, dishwasher and space saver microwave. This home had long term tenants. Be aware: video camera may be in place. Home is in a wonderful convenient location, near walk/bike pathway, near table 59 strip mall, and North Hwy 59.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades K-6 • 2.0 mi
Grades K-3 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,705 | 1,751 | 49% |
| Lot Size | 9,115 | 6,097 | 86% |
| Price | $385.0K | $420.0K | 28% |
| Price per sq ft | $226 | $245 | 35% |
| Built year | 2003 | 2006 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 154 | 16% |
Mar 28, 2026
$385,000
$415,000
-7% Price Drop
Initial Listing
Jan 16, 2026
$415,000
Initial Listing
Mar 2, 2005
$395,000
Public Record
Sep 26, 2003
$248,500
Public Record