1483 Lancelot Court, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$405,000$1,029/sqft
Est. Value: $394,597
-2%
FairlyEstimate
1483 Lancelot Court, Hemet, California 92545
2Beds
2Baths
1,029Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($394,597.05) is $10,402.95 (2%) lower than the list price ($405,000). This property may be overpriced.
Key pros and cons
Top 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 = 8276, living area = 1029.
Top Cons:
Limited Living Space: With 1029 square feet and 2 bedrooms, the home may be considered small for larger families or those desiring more expansive living areas.
Compared to the nearby listings
Price:$405.0K vs avg $450.8K ($-45,800)30%
Size:1,029 sqft vs avg 1,767 sqft7%
Price/sqft:$394 vs avg $24698%
More Insights
Built in 1989 (37 years old).
Condition: Built in 1989, this home is well-maintained with recent cosmetic updates like new carpet, fresh paint, and updated stainless steel kitchen appliances. However, the kitchen features original wood cabinets and dated tile countertops, and both bathrooms also have original vanities and tile work, showing signs of being outdated. While functional and clean, these areas require minor updates to meet current aesthetic standards.
Year Built
1989
Close
-
List price
$405K
Original List price
$405K
Price/Sqft
$394
HOA
-
Days on market
-
Sold On
-
MLS number
25630409
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Don't miss this wonderful 2-bedroom, 2- bath single-family home situated at the end of a cul-de-sac. Offering 1029 square feet of living space, this well-maintained home has new carpet, a low tax rate, and no HOA. The large backyard is ideal for entertaining, while nearby elementary and high schools offer walkable convenience. A large double gate for backyard entry & a large driveway may support recreational vehicle parking, subject to buyer verification and local guidelines.
J
Jill Goldsmith
Listing Agent
Price History
Date
Event
Price
08/18/00
Sold
$94,000
09/26/17
Sold
$220,000
Condition Rating
Fair
Built in 1989, this home is well-maintained with recent cosmetic updates like new carpet, fresh paint, and updated stainless steel kitchen appliances. However, the kitchen features original wood cabinets and dated tile countertops, and both bathrooms also have original vanities and tile work, showing signs of being outdated. While functional and clean, these areas require minor updates to meet current aesthetic standards.
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 = 8276, living area = 1029.
Financial Advantages: The property benefits from a low tax rate and no Homeowners Association (HOA) fees, significantly reducing monthly ownership costs.
Prime Location: Situated at the end of a cul-de-sac, offering enhanced privacy, reduced traffic, and a quieter living environment.
Outdoor Living & Utility: Features a large backyard ideal for entertaining and a double gate with a large driveway that may accommodate recreational vehicle (RV) parking.
Condition & Updates: Described as a well-maintained home with new carpet, suggesting move-in readiness and recent cosmetic updates.
Neighborhood Convenience: Offers walkable access to nearby elementary and high schools, a significant convenience for families.
Cons
Limited Living Space: With 1029 square feet and 2 bedrooms, the home may be considered small for larger families or those desiring more expansive living areas.
Age of Property: Built in 1989, the home is over 30 years old, which could imply older systems (HVAC, plumbing, electrical) that may require future maintenance or upgrades.
RV Parking Uncertainty: While RV parking is a potential benefit, it is subject to buyer verification and local guidelines, introducing an element of uncertainty or additional due diligence.