
Hemet, California 92545
This Spacious Value-Add Residence represents a strategic Asset listed at $480,000, currently priced above the $431,540 Fair Market Value. The property’s status as a Pre-Approved Short Sale offers a streamlined acquisition path for a 3,096-square-foot home. Built in 2007, the property is in Mid-Renovation Condition, featuring a 5-bedroom layout that requires kitchen finishing and exterior maintenance. Situated within the Hemet Unified School District, this project offers significant forced appreciation potential through interior completion and renovation. This is an ideal acquisition for Contractors or Fix-and-Flip Investors seeking a high-square-footage project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060 Saltbush Lane Subject | $480,000* List Price | 5 | 3 | 3,096 | $144 | - |
A 841 Shiraz Sold | $535,000 | 3 | 3 | 2,663 | $201 | 0.3 mi |
B 1053 Indiangrass Drive Sold | $540,000 | 5 | 3 | 3,096 | $174 | 0.1 mi |
C 860 Provance Street Sold | $498,888 | 4 | 3 | 2,663 | $187 | 0.3 mi |
D 3923 Sydney Sold | $525,000 | 4 | 3 | 3,083 | $170 | 0.7 mi |
E 508 Louisville Street Sold | $480,000 | 4 | 3 | 2,797 | $172 | 0.7 mi |
F 845 Brisbane Active | $509,000 List Price | 5 | 4 | 2,626 | $194 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2007, the home is relatively modern but currently in a state of mid-renovation and neglect. The kitchen features newer white shaker cabinets but is missing countertops and finished surfaces, rendering it partially non-functional. Additionally, the exterior landscaping is overgrown with weeds, and the interior carpets show signs of wear, requiring minor to moderate repairs and finishing to reach a move-in ready state.
With over 3,000 square feet of living area and five bedrooms, this home offers exceptional scale and flexibility for large families or multi-generational living.
Built in 2007, the property features a contemporary open-concept layout and essential modern amenities like central heating and air conditioning.
The pre-approved status of this short sale streamlines the purchase process, offering a potentially faster closing timeline than typical distressed property transactions.
The listing indicates the home needs 'TLC,' suggesting deferred maintenance or cosmetic issues that will require additional buyer investment after closing.
Despite being pre-approved, short sales involve third-party lender negotiations that can introduce more complexity and specific requirements compared to a standard equity sale.
Short Sale is Pre APPROVED. Welcome to this spacious two-story residence nestled in the heart of Hemet generous 7,405 sq ft lot. This impressive home offers approximately 3,096 sq ft of living space designed for both comfort and functionality. Featuring five bedrooms and three bathrooms, it provides ample room for family living, guests, or flexible use as a home office or creative space. The open layout promotes a natural flow between living areas, and the attached two-car garage, central heating, and air conditioning ensure year-round convenience. The property’s expansive lot offers wonderful potential for outdoor enjoyment, whether you envision a lush garden, play area, or inviting patio for entertaining. Inside, the home’s generous proportions make it ideal for gatherings while still offering quiet retreats for rest and privacy. With a layout that accommodates modern lifestyles, it’s a space where you can truly make yourself at home. Located in a welcoming Hemet neighborhood, this home provides easy access to local amenities, schools, and parks. While it may need a bit of TLC, it presents an exciting opportunity to add personal touches and create lasting value. For buyers seeking size, comfort, and potential, this property stands out as a wonderful canvas for customization and the chance to bring your vision of home to life.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 3,096 | 1,809 | 95% |
| Lot Size | 7,405 | 6,098 | 71% |
| Price | $480.0K | $455.0K | 62% |
| Price per sq ft | $155 | $247 | 2% |
| Built year | 2007 | 2001 | 82% |
| HOA | $0 | $43 | 46% |
| Days on market | 306 | 181 | 93% |
Nov 12, 2025
$480,000
$495,000
-3% Price Drop
Initial Listing
Oct 30, 2025
$495,000
$520,000
-5% Price Drop
Initial Listing
Aug 19, 2025
$520,000
$400,000
+30% Price Increase
Initial Listing
Jun 20, 2025
$400,000
Initial Listing