271 N Hamilton, Hemet, California 92543, Hemet, 92543 - 4 bed, 1 bath
ACTIVE$419,999
271 N Hamilton, Hemet, California 92543
4Beds
1Bath
1,188Sqft
12,632Lot
Year Built
1923
Close
-
List price
$420K
Original List price
$420K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
IV25274711
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 23% below the list price. We found 3 Cons,6 Pros. Rank: price - $420.0K(53th), sqft - 1188(35th), beds - 4(74th), baths - 1(18th).
You must see this property and its incredible potential! Featuring a large 12,632 sq ft lot with valuable R3 zoning, Huge RV parking, this home offers excellent opportunities for future development or investment (buyer to verify). Enjoy a spacious layout, a generous yard, and plenty of room for your toys. Buyer is advised to conduct all due diligence regarding lot size, square footage, zoning, and intended use.
Price History
Date
Event
Price
12/11/25
Listing
$419,999
07/18/22
Sold
$405,000
02/22/16
Sold
$147,000
06/03/08
Sold
$117,000
09/21/93
Sold
$75,000
Condition Rating
Poor
Built in 1923, this 101-year-old property requires substantial repairs and rehabilitation. While some cosmetic updates like fresh paint, newer kitchen appliances (range, dishwasher), and vinyl plank flooring in the kitchen are present, the overall condition is dated. The carpets are visibly worn, the bathroom is very basic with an older vanity and only a stand-up shower for a 4-bedroom home, and the property analysis explicitly notes its 'historic age' likely requires 'substantial updates, maintenance, and potential structural considerations.' The emphasis on R3 zoning and development potential further suggests the value lies more in the land than the existing structure, indicating significant investment is needed to bring the home to modern standards.
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 = 12632, living area = 1188.
R3 Zoning & Development Potential: The valuable R3 zoning on a large 12,632 sq ft lot offers significant opportunities for future development or investment, potentially allowing for multi-unit construction (buyer to verify).
Expansive Lot Size: A generous 12,632 sq ft lot provides ample outdoor space, privacy, and potential for landscaping, expansion, or additional structures.
Ample RV Parking: The property features huge RV parking, a highly desirable amenity for vehicle owners and outdoor enthusiasts.
High Bedroom Count: With 4 bedrooms, the property offers good accommodation capacity, suitable for larger families or those needing extra space.
Investment Opportunity: The combination of a large, R3-zoned lot and the potential for development positions this property as an attractive long-term investment.
Cons
Historic Age: Built in 1923, the property is over 100 years old, likely requiring substantial updates, maintenance, and potential structural considerations.
Single Bathroom: The presence of only one bathroom for a four-bedroom home presents a significant functional limitation for families or multiple occupants.
Extensive Due Diligence Advised: The listing explicitly advises extensive buyer due diligence on zoning, lot size, and intended use, which may indicate potential complexities or uncertainties requiring additional buyer effort and cost.