1427 Alabaster, Hemet, California 92545, Hemet, 92545 - 3 bed, 3 bath
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Hemet, California 92545
This Spacious Single-Family Residence is a Prime Investment Opportunity, listed at $495,000—positioned well below the $517,692 Fair Market Value by 4%. This valuation gap offers $22,692 in Instant Equity. Boasting a Good Condition Rating, the home features mountain views, a flexible downstairs office, and RV parking. With No HOA and low taxes, this property ensures long-term financial efficiency near Tahquitz High School. It is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting a high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1427 Alabaster Subject | $495,000* List Price | 3 | 3 | 1,978 | $262 | - |
A 1430 Jewelstone Circle Sold | $490,000 | 4 | 3 | 1,978 | $248 | 0.2 mi |
B 5410 Sagestone Drive Sold | $470,000 | 4 | 2 | 1,876 | $251 | 0.1 mi |
C 1439 Alabaster Sold | $549,000 | 4 | 3 | 2,387 | $230 | 0.0 mi |
D 1280 Berylstone Sold | $555,000 | 4 | 3 | 2,387 | $233 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and appears well-maintained. Although built in 2003, the interior has been updated with modern wood-look laminate flooring in the main living areas and fresh neutral paint throughout. While the kitchen retains its original oak cabinetry, tile countertops, and black appliances, the overall cleanliness and lack of deferred maintenance align with the 'good' condition category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1978.
The property offers significant long-term savings with no HOA fees and a low tax rate, making it a highly competitive option for budget-conscious buyers.
Situated on a generous 8,276 sqft lot, the home features a large backyard with a fire pit and a dedicated side yard for RV or boat storage, perfect for outdoor enthusiasts.
The assigned middle and high schools currently have lower performance ratings, which may be a drawback for families prioritizing top-tier academic districts.
With all primary bedrooms located on the second floor, the home may lack appeal for buyers seeking single-level living or multi-generational accessibility.
Large two-story home located in the West Hemet neighborhood of Stoney Mountain Ranch. Surrounded by beautiful hills and mountains, this home features 3 Bedrooms (all upstairs), 3 Bathrooms, large Living Room with Dining Room, separate Family Room with fireplace, and open Kitchen with lots of cabinet space. Primary Bedroom has a walk-in closet and en-suite, featuring separate shower & large bathtub. Secondary bedroom has a bonus walk-in closet. Laundry Room is located upstairs for easy convenience. There is an optional 4th bedroom/office/storage room downstairs, open to your imagination. Two car attached Garage with ample storage and parking space. There is an optional RV or Boat parking storage on the side yard. The backyard is large & open with patio cover and built-in fire pit, great for entertaining. There is a community park with picnic tables, basketball courts and playground. Close to shops, restaurants, parks, golfing, Tahquitz High School and Rancho Viejo Middle School. No HOA and Low Taxes! Large two-story home located in the West Hemet neighborhood of Stoney Mountain Ranch. Surrounded by beautiful hills and mountains, this home features 3 Bedrooms (all upstairs), 3 Bathrooms, large Living Room with Dining Room, separate Family Room with fireplace, and open Kitchen with lots of cabinet space. Primary Bedroom has a walk-in closet and en-suite, featuring separate shower & large bathtub. Secondary bedroom has a bonus walk-in closet. Laundry Room is located upstairs for easy convenience. There is an optional 4th bedroom/office/storage room downstairs, open to your imagination. Two car attached Garage with ample storage and parking space. There is an optional RV or Boat parking storage on the side yard. The backyard is large & open with patio cover and built-in fire pit, great for entertaining. There is a community park with picnic tables, basketball courts and playground. Close to shops, restaurants, parks, golfing, Tahquitz High School and Rancho Viejo Middle School. No HOA and Low Taxes!
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,978 | 1,809 | 61% |
| Lot Size | 8,276 | 6,098 | 83% |
| Price | $495.0K | $455.0K | 67% |
| Price per sq ft | $250 | $247 | 54% |
| Built year | 2003 | 2001 | 53% |
| HOA | $0 | $43 | 46% |
| Days on market | 6 | 180 | 0% |
Apr 16, 2026
$495,000
Initial Listing
Feb 10, 2014
$220,000
Public Record
Apr 16, 2010
$145,000
Public Record
Aug 20, 2003
$231,000
Public Record