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71 S Melody Ln, Merced, CA 95340

Sale Price: $295,000
Jul 28, 2024971 sqft3 beds2 baths
Listed by: Zoe Alexander
License #: 02054494
Phone #: 209-385-8500
Realty Executives Of Northern California
Source:
CRMLS Logo
MLS #: MC24154892

Property Description

Investment Opportunity: Steady Income-Producing Rental Prime Merced Location | The property features an HVAC system. Please note: The earlier description of a ‘new HVAC system” was an error due to a miscommunication. The system is a new (modern) central heat/ AC system not the original 1940’s design. SHE NEEDS A STYLE MAKEOVER BUT HER BONES ARE GOOD. Are you ready to turn your HGTV dreams into reality? This charming 1946 home, nestled in the heart of Merced, offers the perfect blend of character and potential. Key Features: This area is HOT. As North Merced develops, the prices will be going crazy. Get in while you still can. Strong Rental History: Generate steady income with this proven rental property. Recent Updates: Enjoy peace of mind with new central heating/air and double-paned windows. Prime Location: Conveniently located near Raley's shopping center and UC Merced. Expansive Lot: Explore endless possibilities with a generous 6,970 sq ft lot. Investment Potential: Maximize your return with potential ADU development or home expansion. Imagine the possibilities! Rental Income: Rent to college students, working families, or even older relatives. Airbnb Potential: Convert into a profitable short-term rental. Outdoor Oasis: Create a backyard sanctuary with a garden, patio, or fire pit. Don't miss this opportunity to own a rental in Merced before the prices go up in the area even more. Schedule a showing today!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$3,738

TurboHome Estimated Value

$274,100

$282 sqft

High Valuation
$287,805
$296/sqft
Normal Valuation
$274,100
$282/sqft
Low Valuation
$260,395
$268/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$282/sqft$274,100

Neighborhood

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Comparative Value

$295K

$305K

$315K

$355K

$380K

71 S Melody Ln, Merced, CA 95340

Sale Price: $295,000

Selected Comparable

71 S Melody Ln, Merced, CA 95340

List Price: $299,000

Subject Property

3350 M St 33, Merced, CA 95348

Sale Price: $305,000

Selected Comparable

3053 Oleander Ave, Merced, CA 95340

Sale Price: $315,000

Selected Comparable

869 El Portal Dr, Merced, CA 95340

Sale Price: $355,000

Selected Comparable

3730 Black Hawk Ave, Merced, CA 95340

Sale Price: $380,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
71 S Melody Ln, Merced, CA 95340

71 S Melody Ln, Merced, CA 95340

List: $299,000

Listed: 7/28/2024

Area:971 sqft
Price/sqft:$308
Beds:3
Baths:2
Year Built:
Lot Size:6,999

Comparable Properties

COMPARABLE
Choose comps
71 S Melody Ln, Merced, CA 95340

71 S Melody Ln, Merced, CA 95340

Sale: $295,000

12/27/20240.00 mi

Area:971 sqft
Price/sqft:$304
Beds:3
Baths:2
Year Built:
Weight:24.0%
869 El Portal Dr, Merced, CA 95340

869 El Portal Dr, Merced, CA 95340

Sale: $355,000

7/18/20250.48 mi

Area:1,177 sqft
Price/sqft:$302
Beds:3
Baths:2
Year Built:
Weight:21.4%
3053 Oleander Ave, Merced, CA 95340

3053 Oleander Ave, Merced, CA 95340

Sale: $315,000

6/24/20250.90 mi

Area:1,099 sqft
Price/sqft:$287
Beds:3
Baths:1
Year Built:
Weight:19.0%
3730 Black Hawk Ave, Merced, CA 95340

3730 Black Hawk Ave, Merced, CA 95340

Sale: $380,000

5/20/20250.66 mi

Area:1,376 sqft
Price/sqft:$276
Beds:3
Baths:2
Year Built:
Weight:18.4%
3350 M St 33, Merced, CA 95348

3350 M St 33, Merced, CA 95348

Sale: $305,000

8/6/20250.57 mi

Area:1,355 sqft
Price/sqft:$225
Beds:3
Baths:3
Year Built:
Weight:17.1%

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2

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3

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