
Merced, California 95340
This Value-Add Starter Home is a Strong Value Opportunity listed at $289,900, matching its $289,900 Fair Market Value. While priced at market, the property offers significant financial upside through seller-owned solar, a newer roof, and HVAC systems. Boasting a Condition Rating of 4 in the Merced City School District, the home is move-in ready with massive appreciation potential via a possible 2,949 SF lot expansion through the city. With a 3% closing cost credit, this is a strategic purchase for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8 W 25th Street Subject | $289,900* List Price | 2 | 1 | 1,090 | $266 | - |
A 200 E 27th Sold | $320,000 | 2 | 1 | 1,124 | $285 | 0.2 mi |
B 745 W 25th Sold | $335,000 | 2 | 2 | 1,064 | $315 | 0.7 mi |
C 204 W 25th Sold | $210,000 | 3 | 1 | 933 | $225 | 0.2 mi |
D 330 W 22nd Street Sold | $270,000 | 2 | 1 | 1,023 | $264 | 0.4 mi |
E 557 Barney Street Sold | $279,000 | 4 | 2 | 1,339 | $208 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1940s residence that benefits from significant mechanical and structural upgrades, including a newer roof, HVAC system, dual-pane windows, and seller-owned solar. While these systems are 'Good,' the interior living spaces—specifically the kitchen and bathroom—appear dated and consistent with a 'Fair' rating. The presence of carpeting (with unverified hardwood underneath) and older interior styling indicates the home is functional and move-in ready but requires cosmetic modernization to meet current contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1090.
The property features significant high-value upgrades including a newer roof, newer HVAC system, dual-pane windows, and seller-owned solar panels, ensuring lower utility costs and reduced immediate maintenance needs.
A rare opportunity exists to potentially add approximately 2,949 square feet to the lot through the City of Merced, offering massive potential for equity growth or future development.
The 1,090-square-foot layout includes only two bedrooms and a single bathroom, which may limit appeal for larger families or those requiring a dedicated home office space.
Built in 1940, the property may require ongoing attention to older structural elements not explicitly upgraded, and the condition of the hardwood floors beneath the carpeting is currently unverified.
Charming home on large lot with 2 bedrooms, 1 full bath, living room with fireplace and coved ceilings, and a small dining room open into the kitchen and living area. Large indoor laundry with access to back yard. This home is loaded with charm and has newer dual pane windows, newer roof and HVAC and seller owned solar. There MAY be hardwood floors under the carpeting. There is a carport in addition to the garage. This is a perfect starter home or would make a great rental! There is the possibility of adding approximately 2949 SF to the east side of this property through the City of Merced. The City has expressed interest in vacating the small parcel adjacent to this property. Seller will pay 3% of purchase price toward buyer closing costs! Call for more details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 1,090 | 1,571 | 14% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $289.9K | $376.0K | 11% |
| Price per sq ft | $266 | $246 | 69% |
| Built year | 1940 | 1964 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 163 | 58% |
Feb 28, 2026
$289,900
Initial Listing
Oct 30, 2025
$329,900
Initial Listing