729 Mulberry Avenue, Atwater, California 95301, Atwater, 95301 - 3 bed, 2 bath
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Atwater, California 95301
This Well-Maintained Mid-Century Residence is a Prime Investment Opportunity listed at $395,000—positioned well below the $413,077 Fair Market Value by 4%. This valuation gap provides $18,077 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the home features a Private Pool, a versatile Bonus Room, and a large 7,800 square foot lot. Located within the Merced Union High School District, it offers immediate comfort with significant cosmetic upside. This is an ideal acquisition for Owner-Occupants or first-time buyers looking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 Mulberry Avenue Subject | $395,000* List Price | 3 | 2 | 1,692 | $244 | - |
A 1789 Cottonwood Avenue Sold | $420,000 | 3 | 2 | 1,564 | $269 | 0.6 mi |
B 1561 Riechel Sold | $417,500 | 3 | 2 | 1,607 | $260 | 0.9 mi |
C 1962 4th Street Sold | $330,000 | 4 | 2 | 1,893 | $174 | 0.3 mi |
D 469 Elm Sold | $280,000 | 3 | 1 | 1,225 | $229 | 0.5 mi |
E 1263 Juniper Sold | $349,900 | 2 | 2 | 1,287 | $272 | 0.3 mi |
F 190 Manzanita Drive Sold | $415,000 | 3 | 2 | 1,425 | $291 | 0.7 mi |
G 2399 3rd Active | $420,000 List Price | 3 | 2 | 1,490 | $282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the home is over 65 years old and shows significant dating, including wood-paneled walls and older carpeting/linoleum. While the listing describes it as well-maintained and move-in ready, the property requires cosmetic updates and likely system evaluations to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7800, living area = 1692.
The property features a sparkling pool, a highly desirable amenity in the Atwater climate that enhances the home's appeal for summer gatherings and outdoor entertainment.
The inclusion of a dedicated bonus room provides significant versatility, offering the perfect footprint for a home office, playroom, or additional living area to suit modern buyer needs.
Built in 1957, the property may feature older electrical, plumbing, or insulation systems that could require modernization to meet current energy efficiency standards.
While the pool is a premium feature, it occupies a substantial portion of the 7,800 sqft lot, which may limit available space for traditional landscaping or a large grassy yard.
This beautiful 3-bedroom, 2-bath home has been well maintained and offers a comfortable, move in ready layout. Enjoy a sparkling pool perfect for summer gatherings, plus an additional bonus room ideal for a home office, playroom, or extra living space. Conveniently located near schools, shopping, and everyday amenities, this home combines comfort and convenience. Don't miss the opportunity to make it yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,692 | 1,743 | 46% |
| Lot Size | 7,800 | 7,972 | 49% |
| Price | $395.0K | $472.5K | 25% |
| Price per sq ft | $233 | $267 | 16% |
| Built year | 1957 | 1990 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 153 | 5% |
May 4, 2026
$395,000
Initial Listing