915 R Street, Merced, California 95341, Merced, 95341 - 3 bed, 1 bath
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Merced, California 95341
Analysis of 915 R Street, Merced, California 95341 reveals a property with a current list price of $325,000, which is 17% above the estimated $276,326 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 915 R Street Subject | $325,000* List Price | 3 | 1 | 1,232 | $224 | - |
A 720 W 9th Street Sold | $270,000 | 3 | 1 | 1,137 | $237 | 0.4 mi |
B 1251 W 9th Active | $335,000 List Price | 3 | 1 | 1,288 | $260 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, the property is well-maintained and functional but shows clear signs of age. The kitchen and bathroom feature dated styles, older appliances, and basic fixtures. While move-in ready for a budget-conscious buyer, the home lacks recent comprehensive renovations and modern central climate control systems.
Priced at $325,000, this property represents an accessible entry point for first-time homebuyers or investors looking for a budget-friendly residential asset in the Merced market.
The home's close proximity to Highway 99 provides excellent accessibility for residents commuting to work within Merced or to neighboring Central Valley cities.
With three bedrooms and over 1,200 square feet of living area, the property offers a practical and versatile layout that is well-suited for a small family.
Built in 1930, the property likely requires modernization of its core systems and may necessitate additional investment for repairs to meet contemporary standards.
The single-bathroom configuration for a three-bedroom home can be a significant drawback for larger households and may impact the property's long-term resale value.
First time home buyer? No problem. Consider owning this affordable property close to Hwy 99.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,232 | 1,509 | 23% |
| Lot Size | 5,391 | 5,135.5 | 58% |
| Price | $325.0K | $392.0K | 14% |
| Price per sq ft | $264 | $254 | 60% |
| Built year | 1930 | 2025 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 135 | 64% |
Feb 28, 2026
$325,000
Initial Listing
Nov 2, 2025
$309,000
Initial Listing
Nov 15, 2010
$71,000
Public Record
Sep 22, 2009
$70,000
Public Record