27307 Balboa Court, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Spacious Single-Story Ranch represents a Strong Value Opportunity, listed at $449,900—positioned well below the $478,052 Fair Market Value by 5%. This valuation gap offers $28,152 in Instant Equity for buyers. While the home maintains a Mostly Original Condition Rating, it boasts a massive 14,810 sq ft Cul-de-Sac Lot, Solar Panels, and Hill Views. Located walking distance to Hemet High School, the property provides immense upside through cosmetic modernization. It is perfectly suited for Fix-and-Flip Investors or Owner-Occupants looking to build sweat equity.
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 26597 Meridian Street Sold | $465,000 | 3 | 2 | 1,792 | $259 | 0.8 mi |
D 26798 Oxford Court Sold | $450,000 | 2 | 2 | 1,865 | $241 | 0.5 mi |
E 41825 Thornton Avenue Active Under Contract | $520,000 List Price | 3 | 2 | 2,454 | $212 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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While the home is functional and features 'great bones' with solar panels, the kitchen and bathrooms are significantly outdated, featuring 1980s-style cabinetry, laminate/tile surfaces, and older appliances.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.
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.
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.
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.
The property is marketed as a 'reimagining' opportunity, indicating that the interior likely requires a comprehensive and costly renovation to meet modern standards.
Built in 1984, the home may have deferred maintenance or aging systems that could necessitate additional capital investment beyond cosmetic upgrades.
*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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,118 | 1,653 | 76% |
| Lot Size | 14,810 | 8,712 | 77% |
| Price | $449.9K | $460.0K | 41% |
| Price per sq ft | $212 | $282 | 14% |
| Built year | 1984 | 1979 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 182 | 7% |
Feb 27, 2026
$449,900
Initial Listing
Mar 30, 2023
$485,000
Public Record