110 Elmwood, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This property presents a High-Potential Investment Opportunity with a List Price of $335,000—positioned well below the $317,436 Fair Market Value by -5%. Featuring a Fair Condition Rating, the home includes 16 energy-efficient solar panels, a 5-panel garage door, and a large 7,841 sq. ft. lot with ADU potential. While the interior requires modernization, the expansive lot and workshop provide significant value-add potential. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 110 Elmwood Subject | $335,000* List Price | 2 | 1 | 794 | $400 | - |
A 337 S Franklin Sold | $245,000 | 2 | 1 | 720 | $340 | 0.8 mi |
B 609 S Buena Vista Street Sold | $390,000 | 2 | 1 | 1,004 | $388 | 0.7 mi |
C 411 W Acacia Sold | $300,000 | 2 | 1 | 576 | $521 | 0.3 mi |
D 320 E Acacia Avenue Sold | $330,000 | 2 | 1 | 956 | $345 | 0.7 mi |
E 214 W Latham Sold | $390,000 | 3 | 2 | 1,046 | $373 | 0.7 mi |
F 434 S Harvard Street Active | $379,000 List Price | 3 | 1 | 1,080 | $351 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, the home is functional but significantly dated. The kitchen features cabinetry and tile work that appear over 30 years old, despite being painted. While the solar panels are a modern upgrade, the backyard is in poor condition with a stagnant pond, and the interior requires substantial cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 794.
The inclusion of 16 solar panels provides a significant financial advantage by keeping monthly utility costs low for the homeowner.
The generous 7,841 sq. ft. lot offers rare flexibility for RV/boat storage, future expansion, or the addition of an ADU and outdoor amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7405.
With only 794 square feet of interior space and a single bathroom, the home may feel restrictive for families or those requiring more room.
Built in 1940, the property may require more frequent maintenance or modernization of older systems compared to newer residential constructions.
This adorable little home offers a range of hard to find features This 2 bedroom, 1 bath offers 16 energy efficient SOLAR panels, 5 Panel garage door great for lifted trucks & toys & workshop for additional storage. The home sits on a large 7800+ sq. ft. lot that has the potential for an ADU, pool & spa, outdoor kitchen, create your own oasis! This home is perfect for the 1st time buyer with no HOA, low taxes & efficiency of the solar will keep the monthly costs down!!! There is potential for RV, boat storage and room toys and future expansion. Convenient access to schools, restaurants, shopping, entertainment, golfing & casinos.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 794 | 1,410 | 4% |
| Lot Size | 7,841 | 6,534 | 74% |
| Price | $335.0K | $423.0K | 24% |
| Price per sq ft | $422 | $290 | 94% |
| Built year | 1940 | 1977 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 177 | 1% |
May 22, 2026
$335,000
Initial Listing
Apr 6, 2017
$24,000
Public Record