27307 Balboa Court, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
27307 Balboa Court
Hemet, California 92544
Property Price
SUMMARY
Analysis of 27307 Balboa Court, Hemet, California 92544 reveals a Prime Investment Opportunity with a current list price of $449,900—significantly undercutting the $478,052 Fair Market Value by 5%. This valuation gap indicates a +$28,152 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 27307 Balboa Court Subject | $449,900* List Price | 3 | 2 | 2,118 | $226 | - |
A 27341 Meridian Street Sold | $430,000 | 3 | 2 | 1,709 | $252 | 0.3 mi |
B 41105 Felton Court Sold | $370,000 | 4 | 3 | 1,928 | $192 | 0.7 mi |
C 41384 Collegian Way Sold | $460,000 | 4 | 2 | 1,802 | $255 | 0.7 mi |
D 26597 Meridian Street Sold | $465,000 | 3 | 2 | 1,792 | $259 | 0.8 mi |
E 26798 Oxford Court Sold | $450,000 | 2 | 2 | 1,865 | $241 | 0.5 mi |
F 41825 Thornton Avenue Active | $519,900 List Price | 3 | 2 | 2,454 | $212 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a 1984 build that appears to be in mostly original condition. While the home is functional and features 'great bones' with solar panels, the kitchen and bathrooms are significantly outdated, featuring 1980s-style cabinetry, laminate/tile surfaces, and older appliances. The interior requires cosmetic modernization, including flooring and fixture updates, to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 14810, living area = 2118.
- Expansive Cul-de-Sac Lot
The property sits on a massive 14,810 sq ft lot at the end of a cul-de-sac with no rear neighbors, providing exceptional privacy and ample space for RV parking or custom outdoor amenities.
- Significant Value-Add Potential
With 2,118 sq ft of living space and a versatile floor plan including a large bonus room, this home offers a prime opportunity for investors or handy homeowners to build substantial sweat equity through modernization.
CONSRISKS & DEFICIENCIES
- Extensive Updating Required
The property is marketed as a 'reimagining' opportunity, indicating that the interior likely requires a comprehensive and costly renovation to meet modern standards.
- Age-Related Maintenance
Built in 1984, the home may have deferred maintenance or aging systems that could necessitate additional capital investment beyond cosmetic upgrades.
About 27307 Balboa Court
*14,810 SQ FT LOT* CUL-DE-SAC* Opportunity awaits with this spacious single-story ranch home offering incredible potential to update, customize, and build sweat equity. Currently configured as a 3-bedroom, 2 bathroom residence, the home features appx 2118 sq ft of living space with formal living room plus large bonus room/family room providing ample room to reimagine and tailor the layout to fit your vision and lifestyle. Situated on expansive 14,810 sq ft lot at the end of a cul-de-sac the property enjoys added privacy with no rear neighbors and endless possibilities for outdoor living, entertaining or future improvements. The generous lot size offers potential for RV parking, recreational vehicles or additional customization opportunities. Ideally located walking distance to Hemet High School and positioned in a desirable, well cared for neighborhood, this solar-equipped home combines location, space and long-term value. With great bones and a prime setting this property presents a rare chance to create your dream home while investing in meaningful upside potential!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 14,810 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $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 | 2,118 | 1,646 | 76% |
| Lot Size | 14,810 | 8,276 | 79% |
| Price | $449.9K | $454.0K | 43% |
| Price per sq ft | $212 | $282 | 13% |
| Built year | 1984 | 1980 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 177 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$449,900
Initial Listing
Sold
Mar 30, 2023
$485,000
Public Record