635 Pegasus Drive, Merced, California 95348, Merced, 95348 - 4 bed, 2 bath
635 Pegasus Drive
Merced, California 95348
Property Price
SUMMARY
Analysis of 635 Pegasus Drive, Merced, California 95348 reveals a Fairly Priced Property with a current list price of $419,900 aligned with the estimated $419,900 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 635 Pegasus Drive Subject | $419,900* List Price | 4 | 2 | 1,565 | $268 | - |
A 626 Stephanie Drive 58 B1 Sold | $426,000 | 4 | 2 | 1,509 | $282 | 0.9 mi |
B 4775 Irma Drive Sold | $442,087 | 3 | 2 | 1,620 | $273 | 0.9 mi |
C 4783 Irma Sold | $401,734 | 3 | 2 | 1,435 | $280 | 0.9 mi |
D 4737 Irma Drive Sold | $400,079 | 3 | 2 | 1,435 | $279 | 0.9 mi |
E 4479 Andrea Drive Sold | $440,000 | 4 | 2 | 1,515 | $290 | 0.5 mi |
F 628 Skyler Lane 63 B2 Active | $435,990 List Price | 4 | 2 | 1,509 | $289 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2020, this property is less than 5 years old and meets the highest quality standards for new construction. The home features a modern open-concept kitchen with granite countertops and stainless steel appliances, energy-efficient upgrades including solar panels and a tankless water heater, and shows no signs of physical depreciation or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
Built in 2020, this home is equipped with solar panels, a tankless water heater, and dual-pane windows, providing significant utility savings and modern sustainability.
- Contemporary Open-Concept Design
The interior features a highly desirable open layout with a modern kitchen, granite countertops, and a split floor plan that maximizes privacy for the primary suite.
- Prime Neighborhood Location
Situated in one of Merced’s most sought-after areas, the property offers excellent proximity to top-rated schools, local parks, and major shopping hubs.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
With a lot size of 4,736 square feet, the outdoor space is relatively small, which may limit options for buyers seeking a large yard or extensive gardening space.
- Recent Price Volatility
The property has seen a recent price reduction and is currently listed below its 2022 sale price of $460,000, which may indicate a shift in local market demand.
About 635 Pegasus Drive
Single-story home located in one of Merced’s most desirable neighborhoods! This 4-bedroom, 2-bath residence offers an open-concept layout. The expansive family room flows seamlessly into a modern kitchen featuring granite countertops, a center island with breakfast bar, and sleek stainless steel appliances—including a gas stove, microwave, dishwasher, and double sinks. The primary suite offers a generous layout with a split floor plan and a well-appointed ensuite bathroom with dual sinks, a tub/shower combo and a walk-in closet. The additional bedrooms are all nicely sized with double closet doors. Enjoy energy-efficient features like dual-pane windows, a tankless water heater, and solar panels—plus the convenience of indoor laundry and a finished 2-car garage. Step outside to a spacious, low-maintenance backyard. Located just minutes from parks, schools, and shopping, this home truly has it all—comfort, style, and location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2020
- Lot Size
- 4,736 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,565 | 1,752 | 39% |
| Lot Size | 4,736 | 6,144 | 17% |
| Price | $419.9K | $429.0K | 48% |
| Price per sq ft | $268 | $247 | 66% |
| Built year | 2020 | 2007 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 161 | 82% |
Pricing History
Listed for Sale
Feb 28, 2026
$419,900
Initial Listing
Price Change
Jul 3, 2025
$449,000
Initial Listing
Sold
Jun 17, 2022
$460,000
Public Record
Sold
Mar 13, 2020
$307,000
Public Record
Sold
Aug 2, 2018
$10,500,000
Public Record