475 Tulane, Merced, California 95348, Merced, 95348 - 3 bed, 2 bath
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475 Tulane
Merced, California 95348
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,360Sq Ft
6,366Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$372,836
9% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $410,000—positioned well above the $372,836 Fair Market Value by 9%. While the property requires a strategic approach due to its Fair Condition Rating, the 1999 construction provides a solid foundation for modernization. The 6,366 square foot lot and functional 3-bedroom layout offer significant potential for value-add improvements. This property is best suited for Buy-and-Hold Investors or first-time buyers capable of performing cosmetic updates to build long-term equity.
Estimated Market Value
$372,836
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 |
|---|---|---|---|---|---|---|
★ 475 Tulane Subject | $410,000* List Price | 3 | 2 | 1,360 | $274 | - |
A 333 St Lawrence Sold | $399,000 | 3 | 2 | 1,521 | $262 | 0.8 mi |
B 564 Della Court Sold | $415,000 | 3 | 2 | 1,589 | $261 | 0.3 mi |
C 437 Rice Court Sold | $320,000 | 3 | 2 | 1,120 | $286 | 0.1 mi |
D 639 W Donna Drive Sold | $367,000 | 3 | 2 | 1,327 | $277 | 0.4 mi |
E 3440 La Jolla Drive Sold | $344,000 | 3 | 2 | 1,328 | $259 | 0.5 mi |
F 19 Sun Valley Court Sold | $380,000 | 3 | 2 | 1,577 | $241 | 0.5 mi |
G 589 Leslie Court Sold | $390,000 | 3 | 2 | 1,605 | $243 | 0.4 mi |
H 1375 Loughborough Active | $350,000 List Price | 3 | 2 | 1,335 | $262 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1999, the property is 27 years old, placing it in the 'Fair' category. While the exterior appears functional, the age suggests that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely original or dated, requiring minor repairs and modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 1999, this home offers more contemporary building standards and systems compared to the older housing stock frequently found in the Merced area.
- Functional Floor Plan
The 3-bedroom, 2-bathroom configuration is a highly marketable and efficient layout that appeals to a broad demographic, including first-time homebuyers and small families.
- Generous Lot Size
The 6,366 square foot lot provides ample outdoor space for a suburban residence, offering significant potential for landscaping, gardening, or outdoor entertaining.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With 1,360 square feet of living space, the property may feel restrictive for larger families or buyers requiring additional room for a dedicated home office.
- Market Value Positioning
The $410,000 list price reflects a notable increase from its $375,000 sale price in 2022, which may require strong comparable sales to support the valuation in the current market.
About 475 Tulane
Exceptional opportunity in Merced. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 6,366 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,360 | 1,694.749 |
| Lot Size | 6,366 | 6,619.141 |
| Price | $410.0K | $413.1K |
| Price per sq ft | $301 | $254 |
| Built year | 1999 | 2002 |
| HOA | $0 | $108 |
| Days on market | 7 | 66 |
Pricing History
Listed for Sale
Sep 2, 2026
$410,000
Initial Listing
Sold
Jun 21, 2022
$375,000
Public Record
Sold
Oct 18, 2013
$160,000
Public Record
Sold
Apr 29, 2003
$190,000
Public Record
Sold
Oct 28, 1999
$120,500
Public Record