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!
Sold for $295,000
Listed by: Realty Executives Of Northern California • Zoe Alexander • Contact: 209-385-8500
Bought with: First 1st Choice Realty Group
Tax assessed value
$295,000
71 S Melody Ln, Merced, CA 95340
3beds
971sqft
Single Family Residence
Built in 1949
6,999 Square Feet Lot
$300,500 Zestimate®
$304/sqft
$1,991 Estimated rent
Home value
$300,500
$273,000 - $331,000
$1,991/mo
Zestimate® history
Owner options
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$1,991/mo
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$1,991/mo
Rent Zestimate®
Refinance and save
$1,852/mo
Est. payment
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$1,852/mo
Est. payment
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List your homeWhat's special
Spacious backyardCozy homeMinutes from the ucMaster bedroom
Zillow last checked:
Listing updated:
Listed by:
Zoe Alexander DRE #02054494 209-347-7264,
Realty Executives Of Northern California
Bought with:
David Maclachlan, DRE #01317347
First 1st Choice Realty Group
Source: CRMLS,MLS#: MC24154892
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Separate Shower, Walk-In Shower
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Range
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Eat-in Kitchen, Bedroom on Main Level
- Flooring: Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 971 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,999 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 006062013000
- Zoning: R-1-6
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Street Lights
Location
- Region: Merced
Financial & listing details
- Price per square foot: $304/sqft
- Tax assessed value: $295,000
- Annual tax amount: $3,281
- Date on market: 7/28/2024
- Cumulative days on market: 119 days
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 12/27/2024 | Sold | $295,000-1.3%$304/sqft |
Source:  CRMLS #MC24154892 Report a problem | ||
| 12/27/2024 | Pending sale | $299,000$308/sqft |
Source: CRMLS #MC24154892 Report a problem | ||
| 11/26/2024 | Contingent | $299,000$308/sqft |
Source: CRMLS #MC24154892 Report a problem | ||
| 11/2/2024 | Price change | $299,000-8%$308/sqft |
Source: CRMLS #MC24154892 Report a problem | ||
| 9/30/2024 | Listed for sale | $325,000+30%$335/sqft |
Source: CRMLS #MC24154892 Report a problem | ||
| 4/8/2022 | Sold | $250,000+0.4%$257/sqft |
Source: Public Record Report a problem | ||
| 2/22/2022 | Pending sale | $249,000$256/sqft |
Source: CRMLS #MC22024960 Report a problem | ||
| 2/9/2022 | Listed for sale | $249,000+183%$256/sqft |
Source: CRMLS #MC22024960 Report a problem | ||
| 7/16/2015 | Sold | $88,000-2.2%$91/sqft |
Source: Public Record Report a problem | ||
| 6/12/2015 | Pending sale | $90,000$93/sqft |
Source: Charitar Realty #MC15097574 Report a problem | ||
| 5/7/2015 | Listed for sale | $90,000+34.3%$93/sqft |
Source: Charitar Realty #MC15097574 Report a problem | ||
| 7/7/2008 | Sold | $67,000-54.7%$69/sqft |
Source: Public Record Report a problem | ||
| 9/14/2007 | Sold | $148,050$152/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,281 +17.5% | $295,000 +13.4% |
| 2024 | $2,792 +1.4% | $260,100 +2% |
| 2023 | $2,753 +156.2% | $255,000 +159.8% |
| 2022 | $1,075 +0.2% | $98,160 +2% |
| 2021 | $1,072 -0.6% | $96,237 +1% |
| 2020 | $1,079 +1.5% | $95,251 +2% |
| 2019 | $1,063 +18.7% | $93,385 +2% |
| 2018 | $895 -3.5% | $91,555 +2% |
| 2017 | $928 +1.7% | $89,760 +2% |
| 2016 | $912 +10.6% | $88,000 +20.2% |
| 2015 | $824 +2.2% | $73,220 +2% |
| 2014 | $807 +33.2% | $71,787 +30.5% |
| 2013 | $606 | $55,000 -1.8% |
| 2012 | -- | $56,000 +64.7% |
| 2011 | -- | $34,000 -24.4% |
| 2010 | -- | $45,000 -10% |
| 2009 | -- | $50,000 -60% |
| 2008 | -- | $125,000 +72.7% |
| 2007 | -- | $72,362 +2% |
| 2006 | -- | $70,944 +2% |
| 2005 | -- | $69,553 +2% |
| 2004 | -- | $68,191 +1.9% |
| 2003 | -- | $66,942 +2% |
| 2002 | -- | $65,630 +2% |
| 2001 | -- | $64,344 |
Find assessor info on the county website
Neighborhood: 95340
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Nearby schools
GreatSchools rating
- 7/10Allan Peterson Elementary SchoolGrades: K-6Distance: 0.4 mi
- 5/10Herbert H. Cruickshank Middle SchoolGrades: 7-8Distance: 0.8 mi
- 4/10Merced High SchoolGrades: 9-12Distance: 0.7 mi
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- California
- Merced County
- Merced
- 95340
- 71 S Melody Ln
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