119 Elmwood Avenue, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
ACTIVE$380,000
119 Elmwood Avenue, Hemet, California 92543
2Beds
1Bath
828Sqft
7,841Lot
Year Built
1941
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
SW25075765
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 57% below the list price. We found 3 Cons,6 Pros. Rank: price - $380.0K(39th), sqft - 828(2th), beds - 2(42th), baths - 1(19th).
Potential RV parking and large front yard!! This 2 bedroom/ 1 bath home is located in the central area of Hemet. Nice layout with hardwood floor and tile in the spacious kitchen. Great for a first time home buyer or investment property.
Condition Rating
Poor
Built in 1941, this property is very old. While the description mentions 'hardwood floor and tile in the spacious kitchen,' there are no interior images provided, especially for the kitchen and bathroom. This lack of visual evidence, combined with the property's age and no explicit mention of recent comprehensive renovations, strongly suggests that the kitchen, bathroom, and major systems are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. The exterior also shows signs of deferred maintenance in the landscaping.
Pros & Cons
Pros
High Available Lot Utilization: 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 = 828.
Generous Lot Size: The 7,841 sqft lot offers ample outdoor space, providing potential for landscaping, expansion, or recreational use.
RV Parking Potential: The property explicitly offers potential for RV parking, a valuable amenity for owners with recreational vehicles or additional vehicles.
Central Location: Situated in a central area of Hemet, providing convenient access to local amenities, services, and transportation.
Desirable Flooring: The presence of hardwood floors and tile in the kitchen offers durable and aesthetically pleasing finishes.
Broad Market Appeal: Positioned as a suitable option for first-time home buyers or investment property, attracting a wider range of potential purchasers.
Cons
Significant Overpricing: The list price of $380,000 is substantially higher than the property's estimated value of $162,562, indicating a potential overvaluation compared to market data and recent comparable sales.
Limited Square Footage: With only 828 sqft, the home offers relatively small interior living space, which may be a constraint for buyers seeking more room or growing families.
Older Construction & Potential Updates: Built in 1941, the property is older and, without explicit mention of comprehensive recent renovations, may require significant updates to systems, finishes, or amenities to meet modern buyer expectations and compete with recently remodeled comparables.