
Hemet, California 92544
This Renovated REO Acreage Asset is listed at $665,000, offering a unique opportunity to acquire an expansive 9-acre lot with a Condition Rating of 3. While the $567,946 Fair Market Value reflects a premium for the land's utility, the property provides significant value through its versatile large barn and interior modernizations, including updated wood-look flooring and modernized bathrooms. The site features mountain and orchard views, providing a private setting with potential for agricultural expansion or forced appreciation. This property is an ideal acquisition for Agricultural Investors or Owner-Occupants seeking a high-utility land project.
Property is move-in ready.
While originally built in 1909, the property has undergone extensive interior renovations that make it move-in ready. The images reveal updated contemporary wood-look flooring throughout the main living areas, fresh neutral paint, and modern white trim. The bathrooms have been significantly modernized with subway tile showers, marble-top vanities, and updated fixtures. The kitchen features functional wood cabinetry and stainless steel appliances. Although the exterior landscaping is overgrown and the property is bank-owned, the structural interior components and aesthetic finishes are well-maintained and meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 393347, living area = 1600.
The massive 9-acre parcel provides exceptional privacy, mountain views, and significant potential for agricultural use, expansion, or outdoor recreation.
A standout feature of the property, the substantial barn offers flexible space for a workshop, equipment storage, or livestock, adding immense utility and value.
Originally built in 1909, the home likely requires extensive updates to its core systems and interior finishes to meet modern building standards and efficiency.
With only 1,600 square feet distributed across four bedrooms, the interior living spaces and individual rooms may feel undersized for a home of this capacity.
This 9-acre property offers a unique opportunity with a 4-bedroom, 3-bathroom home and a large barn on site. This is a bank-owned (REO) property, making it a solid option for buyers looking for value and potential.The home features a functional layout with spacious bedrooms, and good natural light throughout. With a little vision, the interior can be updated or customized to suit a variety of needs and preferences. The large barn is a standout feature and adds versatility to the property, whether for workspace, storage, or other uses. Set in a more open and private setting, the property offers a sense of space while still being within a reasonable distance to local amenities, shopping, and main roads. With its size, layout, and overall potential, this property presents a great opportunity for buyers looking to take on a project or invest in a larger piece of land.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 1,600 | 1,650 | 45% |
| Lot Size | 393,347 | 8,712 | 96% |
| Price | $665.0K | $460.0K | 89% |
| Price per sq ft | $416 | $284 | 95% |
| Built year | 1909 | 1979 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 182 | 2% |
Mar 18, 2026
$665,000
Initial Listing
Oct 5, 2022
$522,000
Public Record