874 Hansen Avenue, Merced, California 95340, Merced, 95340 - 3 bed, 1 bath
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Merced, California 95340
This property presents a High-Potential Investment Opportunity, listed at a List Price of $450,000—positioned well below the $364,779 Fair Market Value by -23%. As a strategic Land Assemblage Asset, this 9,041-square-foot lot serves as a critical ingress/egress point for a larger $2,300,000 development project. With a Fair Condition Rating, the existing 3-bedroom residence provides immediate utility while the site offers significant long-term development potential. This is a specialized acquisition ideal for Commercial Developers or Land Assemblage Investors focused on strategic site connectivity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 874 Hansen Avenue Subject | $450,000* List Price | 3 | 1 | 1,322 | $276 | - |
A 2733 10th Avenue Sold | $322,000 | 3 | 2 | 1,188 | $271 | 0.6 mi |
B 3191 El Capitan Sold | $337,500 | 3 | 2 | 1,315 | $257 | 0.5 mi |
C 1550 Primrose Avenue Sold | $355,000 | 3 | 2 | 1,444 | $246 | 0.9 mi |
D 3312 Cherokee Avenue Sold | $380,000 | 4 | 2 | 1,381 | $275 | 0.6 mi |
E 3559 Vernal Avenue Sold | $350,000 | 3 | 2 | 1,425 | $246 | 0.9 mi |
F 2669 6th Sold | $401,000 | 3 | 3 | 1,674 | $240 | 0.6 mi |
G 415 Columbia Sold | $358,000 | 3 | 2 | 1,175 | $305 | 0.7 mi |
H 3216 El Capitan Active | $345,000 List Price | 3 | 2 | 1,446 | $239 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 (64 years old), this property is being marketed primarily for its 'strategic role' in a land assemblage and 'development potential' rather than its residential condition. While the exterior shows updated vinyl windows, the lack of interior photos and the emphasis on the lot's use for ingress/egress suggest the 1-bathroom structure is dated and likely requires a full rehabilitation 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 = 9041, living area = 1322.
This property serves as a critical gateway for a multi-parcel assemblage, providing essential ingress and egress that unlocks the development value of three adjacent parcels.
With its strategic frontage, the lot acts as the primary access point to the public roadway, ensuring necessary circulation and connectivity for the entire $2.3M site.
The property was recently sold within the past year on 2026-01-14. The sold price is $350,000.00.
The sale is contingent upon the simultaneous purchase of three additional parcels, requiring a total capital investment of $2,300,000, which limits the buyer pool.
The 3-bedroom home features only one bathroom, which is below modern market expectations for a family residence and may necessitate future expansion or remodeling.
This 9,041-square-foot parcel is improved with a 3-bedroom, 1-bathroom single-family residence and serves a strategic role within a larger multi-parcel property assemblage. The lot was acquired primarily to provide ingress and egress for three additional parcels located beyond or adjacent to the site, creating essential access to the public roadway. In addition to its residential improvements, the parcel would function as an entrance or exit point for the associated properties, enhancing overall accessibility and development potential. Its frontage and location make it a key component of the assemblage, supporting circulation and connectivity among the four parcels while contributing both residential utility and access value. Must incorporate these additional parcels in the sale (007-143-010-000, 007-143-011-000, 007-143-005-000), as they are integral to the overall functionality, access, and utility of the property assemblage. The total purchase price for the combined assemblage is $2,300,000.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,322 | 1,721.5 |
| Lot Size | 9,041 | 7,120 |
| Price | $450.0K | $407.4K |
| Price per sq ft | $340 | $253 |
| Built year | 1960 | 2002 |
| HOA | $0 | $108 |
| Days on market | 28 | 62 |
Jun 24, 2026
$450,000
Initial Listing
Jan 14, 2026
$350,000
Public Record