1797 Old Wagon, Hemet, California 92545, Hemet, 92545 - 3 bed, 2 bath
1797 Old Wagon
Hemet, California 92545
Property Price
SUMMARY
Analysis of 1797 Old Wagon, Hemet, California 92545 reveals a Fairly Priced Property with a current list price of $498,999 aligned with the estimated $494,796 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Hemet Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1797 Old Wagon Subject | $498,999* List Price | 3 | 2 | 1,948 | $254 | - |
A 1968 Old Canyon Drive Sold | $515,000 | 3 | 2 | 2,201 | $234 | 0.2 mi |
B 5210 Arroyo Street Sold | $490,000 | 3 | 2 | 1,948 | $252 | 0.3 mi |
C 1718 Chute Dr Sold | $525,000 | 4 | 3 | 2,416 | $217 | 0.2 mi |
D 1926 Breachy Way Sold | $535,000 | 3 | 2 | 1,678 | $319 | 0.2 mi |
E 1927 Breachy Way Sold | $505,000 | 3 | 2 | 1,672 | $302 | 0.1 mi |
F 1656 Via Rojas Sold | $469,000 | 3 | 2 | 2,030 | $231 | 0.5 mi |
G 1961 Old Steel Active Under Contract | $489,000 List Price | 3 | 2 | 1,948 | $251 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2021, this property is virtually new and meets all criteria for the excellent category. The home features modern design elements including an open-concept layout, luxury vinyl plank (LVP) flooring, and a contemporary kitchen with granite countertops and a large center island. All major systems, including the roof, HVAC, and electrical, are less than 5 years old, ensuring no deferred maintenance and high energy efficiency complemented by the solar system.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Layout
Built in 2021, this single-story home features a contemporary open-concept design with luxury vinyl plank flooring and a separate primary suite for optimal privacy.
- Premium Lot Location
Situated on a quiet cul-de-sac with no rear neighbors, the property offers enhanced privacy and scenic views of the surrounding hills.
- Turn-Key Kitchen Upgrades
The kitchen is well-appointed with granite countertops, a large center island, and a walk-in pantry, providing a functional and stylish space for entertaining.
CONSRISKS & DEFICIENCIES
- Leased Solar Commitment
The property comes with leased solar panels, which requires the buyer to assume a monthly lease payment and may complicate the financing process for some lenders.
- Market Pricing History
Multiple price reductions and the 'motivated seller' designation suggest the property has struggled to find its market value, which could impact future resale perception.
About 1797 Old Wagon
MOTIVATED SELLERS! Single-story - Cul-de-sac - No rear neighbors - LVP Flooring Built in 2021, this single-story home is located on a quiet cul-de-sac and offers a functional open-concept layout with no rear neighbors. The kitchen features granite countertops, a large center island, large walk-in pantry, and flows directly into the main living area. Luxury vinyl plank flooring runs throughout the primary living spaces. The primary suite is positioned separately from the secondary bedrooms, providing added privacy, and includes an ensuite bath and walk-in closet. Additional features include a very large laundry room and attached two-car garage. The backyard is fully enclosed with block and vinyl fencing and offers an open rear setting. Front landscaping is owner maintained. The home includes leased solar. Community amenities include a pool, spa, and walking trails. Conveniently located near shopping, dining, regional recreation, and freeway access. Proximity to Diamond Valley Lake and access toward Idyllwild make this location well positioned for both everyday needs and outdoor activities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2021
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $120.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,948 | 1,755 | 61% |
| Lot Size | 5,227 | 6,098 | 32% |
| Price | $499.0K | $447.0K | 73% |
| Price per sq ft | $256 | $247 | 58% |
| Built year | 2021 | 2000 | 91% |
| HOA | $120.0 | $43 | 73% |
| Days on market | 53 | 180 | 5% |
Pricing History
Listed for Sale
Mar 6, 2026
$498,999
$504,777
-1% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$504,777
$524,900
-4% Price Drop
Initial Listing
Price Change
Jan 13, 2026
$524,900
Initial Listing
Sold
Mar 14, 2022
$476,500
Public Record