3 months on rocket

71 S Melody Ln, Merced, CA, 95340

$299,000

Home List Price

$3,551*

Closing Credit

3 Bedrooms
2 Full Baths
971 SqFt
$308/SqFt
House

Location

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71 S Melody Ln, Merced$299,000

Buyer Closing Credits

$3,551*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1949
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewNeighborhood
MLS #MC24154892
Lot Size0.16 Acres
StatusActive

About 71 S Melody Ln

Investment Opportunity: Steady Income-Producing Rental Prime Merced Location | New HVAC & Windows 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!

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 1
  • Living Area: 971 SqFt

Listing Office:

  • Office Name: Realty Executives Of Northern California
  • Office Phone: (209) 347-7264
  • Listing Agent: Zoe Alexander

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range
  • Flooring Type: Tile
  • Interior: Eat-in Kitchen, Bedroom on Main Level
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: G St to Melody Ln. Follow the numbers

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,000
  • Price Per SqFt: $308/SqFt

Tax Information:

  • Annual Amount: $1,079
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Merced, CA.

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Merced, CA

City

Med. Sold Price

$395K

Med. Price/SqFt

$250

Avg. Days On Market

38

# of Sold Homes

58

71 S Melody Ln vs Merced

109 DAYS ON ROCKET

+71 Days

$299,000

-$96K Less

$308/SqFt

+$57 More

KEY TAKEAWAY

This property is $96K less than the Median Sold Price and $57/SqFt more than other homes in Merced, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #MC24154892

Listing Office:

  • Office Name: Realty Executives Of Northern California
  • Office Phone: (209) 347-7264
  • Listing Agent: Zoe Alexander

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 16, 2015Home Sold
$88,000
Jul 07, 2008Home Sold
$67,000
Sep 14, 2007Home Sold
$148,050
Jul 01, 1991Home Sold
$58,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,079$96,237
2020$1,079$95,251
2019$895$93,385
2018$895$91,555
2017$928$89,760

History based on county public records data.

Payment Calculator

$1,560

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$963

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-402354
5
/10

  • Peterson Elementary School

  • 848 E Donna Dr

  • 0.42 miles

  • Public District Grades KG-6

school-card-donut-402355
5
/10

  • Luther Burbank Elementary School

  • 609 E Alexander Ave

  • 0.97 miles

  • Public District Grades KG-6

school-card-donut-402356
5
/10

  • Donn B. Chenoweth Elementary School

  • 3200 N Parsons Ave

  • 1.13 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,280. The most common annual income of people living in Merced, CA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 71 S Melody Ln

What is the listing price of this property?

The listing price of 71 S Melody Ln property is $299,000.

What type of property is this?

The property 71 S Melody Ln is a house located in Merced, California, 95340.

Is this property for sale now?

Active Listing: 71 S Melody Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,079 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 16, 2015 for $88,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 71 S Melody Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 71 S Melody Ln is 971 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 71 S Melody Ln is 1949.

Rocket Homes›California›Merced County›Merced›95340›71 S Melody Ln

This home is located at 71 S Melody Ln in Merced, CA and zip code 95340. This 971 square foot home, which was built in 1949, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 28, 2024 and is currently priced at $299,000.

In October 2024 more than 17 listings in Merced, CA were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 27 were sold below. The number of homes for sale in Merced, CA increased by 5.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 38 days, the median list price was $395,000.

From Rocket Homes Real Estate and based on county public records data.

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