1717 Terrace Drive, Hemet, California 92544, Hemet, 92544 - 4 bed, 3 bath
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Hemet, California 92544
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $538,355 Fair Market Value by 2%. This valuation gap offers $13,355 in Instant Equity. Featuring a Fair Condition Rating, the home requires a full rehab to modernize its 1959 systems. The 36,590 sqft lot, panoramic hilltop views, and private pool provide significant upside for forced appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Property is extensive renovation needed.
Built in 1959 and on the market for the first time in over 40 years, this property is significantly dated and requires a full rehab. Visible signs of age include worn carpeting, older sliding glass doors, and significant cracking/staining on the pool deck. Given the long-term ownership and 'endless possibilities' description, the kitchen, baths, and major systems likely exceed their functional lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36590, living area = 2291.
The property boasts an exceptional hilltop location offering sweeping views of the hills, mountains, and valley, providing a serene and premium atmosphere.
Situated on a massive 36,590 sqft lot in a quiet custom home neighborhood, the property offers significant outdoor space, a private pool, and room for expansion or ADU potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =36590, other record lot size in square feet = 14810. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Given the 1959 construction and long-term ownership, the home likely requires significant updates to interior finishes and systems to meet modern buyer expectations.
Marketed as a 'unique, one of a kind' property, the custom design and layout may limit its appeal to a specific subset of buyers rather than the general market.
Unique, one of a kind property located in very quiet neighborhood of custom homes. Panoramic hilltop setting! Complete with 4 bedrooms and 3 full bathrooms, fireplace, pool and large lot! Spacious living room with tons of natural light. First time on the market in over 40 years. This home is truly unique with endless possibilities! It’s definitely worth taking a personal tour!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,291 | 1,544 |
| Lot Size | 36,590 | 6,970 |
| Price | $525.0K | $446.9K |
| Price per sq ft | $229 | $263 |
| Built year | 1959 | 1988 |
| HOA | $0 | $130 |
| Days on market | 36 | 65 |
Jun 16, 2026
$525,000
Initial Listing