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26178 Champagne Circle, Hemet, California 92544, Hemet, 92544 - 4 bed, 2 bath

26178 Champagne Circle, Hemet, California 92544 home-pic-0
ACTIVE$470,000
26178 Champagne Circle, Hemet, California 92544
4Beds
2Baths
1,436Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($442,925.22) is $27,074.78 (5%) lower than the list price ($470,000). 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 = 7841, living area = 1436.
Top Cons:
As-Is Sale & Potential Overpricing: The property is sold strictly 'as-is' with no seller repairs (beyond bank requirements), coupled with a listing price ($470,000) notably above the estimated value ($425,975.74), indicating potential immediate costs and a less competitive price point.

Compared to the nearby listings

Price:$470.0K vs avg $470.0K (+$0)50%
Size:1,436 sqft vs avg 1,729 sqft28%
Price/sqft:$327 vs avg $27877%

More Insights

Built in 1972 (53 years old).
Condition: The property, built in 1972, is over 50 years old. While the kitchen has been updated with granite countertops and modern stainless steel appliances, and windows have been upgraded, the overall condition suggests a home that is aged but maintained through occasional updates rather than a comprehensive recent renovation. One bathroom appears basic, and a significant drawback is the reliance on a swamp cooler and central house fan for cooling, which is outdated and less effective than central air conditioning, especially in Hemet's climate. The 'as-is' sale condition also implies potential deferred maintenance. These factors, particularly the age and cooling system, prevent it from achieving a 'Good' rating, despite the positive kitchen updates.
Year Built
1972
Close
-
List price
$470K
Original List price
$480K
Price/Sqft
$327
HOA
-
Days on market
-
Sold On
-
MLS number
IV25142230
Home ConditionFair
Features
Good View: Hills
Patio
ViewHills

About this home

Welcome to this charming single-story home offering 4 spacious bedrooms and 2 full bathrooms. Enjoy the comfort of a cozy living room featuring a fireplace, perfect for relaxing evenings. The kitchen is upgraded with with Granite countertops, This is a great opportunity for first time home buyers. ****ACCORDING TO THE PLANNING DEPARTMENT LIVING SPACE IS 2,722 SF, PROPERTY TAX SHOWS 3, BEDROOMS, BUT IT IS ACTUALLY 4 BEDROOMS.**** The home also futures upgraded windows, and a new fence made out of Iron and concrete with a wide sliding door so you can park your RV, and 3 or 4 more vehicles. With a swamp cooler and central house fan. Spacious back and front yard. Nice and quiet neighborhood. Close to Hemet Mall and all kind of shopping areas. MOTIVATED SELLER! Call for a private showing. PROPERTY WILL BE SOLD AS IS NO REPAIRS WILL BE MADE. ( the seller is willing to do only the repairs requested by the bank. ) ***Step outside to a covered back porch and a fully fenced backyard, providing a private space for play, pets, or gatherings. A 1-car garage adds extra storage and parking convenience. Schedule a showing today!

Condition Rating
Fair
The property, built in 1972, is over 50 years old. While the kitchen has been updated with granite countertops and modern stainless steel appliances, and windows have been upgraded, the overall condition suggests a home that is aged but maintained through occasional updates rather than a comprehensive recent renovation. One bathroom appears basic, and a significant drawback is the reliance on a swamp cooler and central house fan for cooling, which is outdated and less effective than central air conditioning, especially in Hemet's climate. The 'as-is' sale condition also implies potential deferred maintenance. These factors, particularly the age and cooling system, prevent it from achieving a 'Good' rating, despite the positive kitchen updates.
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 = 7841, living area = 1436.
Spacious Layout & Potential Square Footage: Offers 4 spacious bedrooms and a living space of 2,722 SF according to the planning department, providing ample room for families.
Extensive Vehicle & RV Parking: Features a new iron and concrete fence with a wide sliding door, allowing for RV parking and space for 3-4 additional vehicles, a significant advantage.
Key Upgrades & Amenities: Includes upgraded windows, granite countertops in the kitchen, a cozy fireplace, and a covered back porch, enhancing comfort and appeal.
Desirable Location & Neighborhood: Located in a nice, quiet neighborhood with convenient access to Hemet Mall and various shopping areas, plus a pleasant hill view.
First-Time Buyer Opportunity: Marketed as a great opportunity for first-time home buyers, suggesting an accessible entry point into homeownership.

Cons

As-Is Sale & Potential Overpricing: The property is sold strictly 'as-is' with no seller repairs (beyond bank requirements), coupled with a listing price ($470,000) notably above the estimated value ($425,975.74), indicating potential immediate costs and a less competitive price point.
Suboptimal Cooling System: The reliance on a swamp cooler and central house fan may not provide adequate comfort during Hemet's hot summers, potentially requiring further investment for central air conditioning.
Square Footage & Tax Record Discrepancy: A notable difference exists between the planning department's reported living space (2,722 SF) and other records (e.g., 1,436 SF listed in data, 3 beds on tax record vs 4 actual), which could lead to appraisal or financing challenges.

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