232 S Buena Vista Street, Hemet, California 92543, Hemet, 92543 - 3 bed, 1 bath
ACTIVE$345,000
232 S Buena Vista Street, Hemet, California 92543
3Beds
1Bath
1,057Sqft
6,098Lot
Year Built
1947
Close
-
List price
$345K
Original List price
$345K
Price/Sqft
$326
HOA
-
Days on market
-
Sold On
-
MLS number
SW23097187
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 57% below the list price. We found 3 Cons,5 Pros. Rank: price - $345.0K(30th), sqft - 1057(23th), beds - 3(50th), baths - 1(19th).
Just the perfect starter home or investor. Close to everything,walk to school and shopping.
Condition Rating
Poor
The property, built in 1947, is 77 years old with no indication of recent renovations. The exterior image reveals significant deferred maintenance, including worn paint, a boarded-up window, an outdated window AC unit, and an unkempt yard. The presence of only one bathroom for three bedrooms further highlights its outdated condition and functional limitations. The property requires substantial repairs and modernization to meet contemporary living standards.
Pros & Cons
Pros
Convenient Location: The property boasts a highly convenient location, being close to everything and within walking distance to schools and shopping, enhancing daily accessibility for residents.
Broad Market Appeal: Explicitly marketed as 'the perfect starter home or investor,' this property appeals to a wide range of potential buyers, from first-time homeowners to those seeking rental income.
Functional Bedroom Count: With 3 bedrooms, the home offers a practical layout suitable for small families or individuals seeking extra space, contributing to its versatility.
Generous Lot Size: The 6,098 sqft lot provides ample outdoor space, offering potential for landscaping, gardening, outdoor entertaining, or even future expansion.
Equity Growth Potential: While currently priced, the property offers an opportunity for a buyer to invest in renovations and upgrades, potentially building significant equity given that several remodeled comparables sold for considerably higher prices.
Cons
Significant Overpricing: The list price of $345,000 is substantially higher than the property's estimated value of $146,360.73 (an estimation ratio of -57%), indicating it is severely overpriced according to current market analytics.
Advanced Age & Implied Condition: Built in 1947, the property is 77 years old, and the lack of renovation details in the description suggests it likely requires significant modernization and potential system upgrades to meet contemporary standards and compete with newer or updated homes.
Limited Bathroom Facilities: The presence of only one bathroom for a three-bedroom home is a functional limitation that may deter many potential buyers, especially families, and could impact its marketability and resale value.