1494 Rabbit Peak Way, Hemet, California 92545, Hemet, 92545 - 5 bed, 3 bath
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Hemet, California 92545
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $519,000—positioned well below the $539,000 Fair Market Value by 3%. This valuation gap offers $20,000 in Instant Equity for the buyer. Featuring a Good Condition Rating with a modernized kitchen and a versatile 5-bedroom floor plan, the property is situated on a massive cul-de-sac lot. Located near West Valley High School, this home is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1494 Rabbit Peak Way Subject | $519,000* List Price | 5 | 3 | 2,744 | $196 | - |
A 1580 Hickorywood Sold | $620,000 | 4 | 4 | 3,127 | $198 | 0.6 mi |
B 4519 Ferngreen Sold | $517,000 | 5 | 3 | 2,137 | $242 | 0.5 mi |
C 3215 Tumbleweed Sold | $534,950 | 4 | 3 | 2,808 | $191 | 0.3 mi |
D 1886 Spring White Rd Sold | $615,000 | 5 | 3 | 3,417 | $180 | 0.7 mi |
E 3120 Sand Pine Trail Sold | $525,000 | 5 | 4 | 2,746 | $191 | 0.5 mi |
F 1230 Manassas Sold | $530,000 | 4 | 3 | 2,367 | $224 | 0.3 mi |
G 4490 Rainbow View Way Sold | $575,000 | 5 | 3 | 3,127 | $184 | 0.5 mi |
H 1900 Orangetip Lane Sold | $565,000 | 5 | 3 | 3,082 | $183 | 0.8 mi |
I 3901 Vicksburg Court Active Under Contract | $535,500 List Price | 5 | 3 | 2,828 | $189 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, the home has been well-maintained and features a modernized kitchen with quartz countertops, stainless steel appliances, and updated cabinetry. While the property is 26 years old, the interior renovations and move-in ready condition align with the 'Good' criteria, despite the 'as-is' sale and unfinished backyard landscaping.
The 2,744 sqft layout is ideal for multigenerational living, featuring a rare downstairs bedroom and full bath plus a spacious upstairs loft for additional living or media space.
The kitchen has been tastefully updated with quartz countertops, stainless steel appliances, and custom-painted cabinetry, providing a contemporary aesthetic and high functional value.
Situated on one of the neighborhood's largest cul-de-sac lots, the property offers massive backyard potential and RV parking with the added financial benefit of no HOA and low property taxes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
The property is being sold in 'As-Is' condition, which may signal deferred maintenance and could complicate certain traditional financing requirements for buyers.
A recent $20,000 price reduction combined with the 'As-Is' status suggests the property may require immediate investment to compete with fully turnkey homes in the area.
Welcome to Mayberry! This exceptional 5-bedroom home located at the end of a quiet cul-de-sac and situated on one of the largest lots in the neighborhood. Offering incredible space, versatility, and endless possibilities both inside and out. A highly sought-after floor plan features a downstairs bedroom and full bath, perfect for guests, multigenerational living, or a private home office, along with a spacious upstairs loft ideal for a game room, media space, or additional living area. The beautiful kitchen is designed for both style and functionality with quartz countertops, stainless steel appliances, custom-painted modern gray cabinetry, and a large center island with bar seating that opens seamlessly to the inviting family room. Cozy up by the charming fireplace with hearth on cool evenings while enjoying the warm and welcoming atmosphere. Formal living and dining spaces showcase recessed lighting, neutral finishes, and an open feel perfect for entertaining. Generously sized bedrooms provide comfortable accommodations for everyone, including a spacious primary suite complete with an en suite bathroom and walk-in closet. Step outside to the massive backyard where the possibilities are truly endless ...create your dream pool, outdoor kitchen, sports court, garden, or entertainment space with room to spare. The oversized lot may also offer RV parking potential. Additional highlights include low property taxes, no HOA, and a prime location near West Valley High School with convenient access to Menifee shopping, dining, and everyday conveniences just minutes away. This is an incredible opportunity to own a spacious home with a premium lot, desirable layout, and unbeatable potential. Home to be sold As Is.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,744 | 1,544 |
| Lot Size | 9,583 | 6,970 |
| Price | $519.0K | $446.9K |
| Price per sq ft | $189 | $263 |
| Built year | 1998 | 1988 |
| HOA | $0 | $130 |
| Days on market | 56 | 65 |
May 27, 2026
$539,000
Initial Listing
May 27, 2026
$519,000
Initial Listing
Aug 28, 2024
$520,000
Public Record
Feb 28, 2014
$150,000
Public Record
Dec 8, 2009
$150,500
Public Record
Apr 10, 2003
$254,000
Public Record
Nov 19, 2002
$220,000
Public Record