27442 Bancroft, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Single Family Residence represents a High-Potential Investment Opportunity, currently listed at a List Price of $375,000, which aligns with the $375,000 Fair Market Value. While the home maintains a Condition Rating of 4, its expansive 10,890 sqft lot provides significant utility for an ADU or pool, offering substantial upside for forced appreciation. Located in the Hemet Unified school district, this property balances long-term growth potential with immediate livability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27442 Bancroft Subject | $375,000* List Price | 3 | 2 | 1,300 | $288 | - |
A 41940 Stonecliff Sold | $435,000 | 3 | 2 | 1,354 | $321 | 0.1 mi |
B 41259 Collegian Way Sold | $415,000 | 3 | 2 | 1,279 | $324 | 0.9 mi |
C 27341 Meridian Street Sold | $430,000 | 3 | 2 | 1,709 | $252 | 0.1 mi |
D 41487 Merriwood Sold | $300,000 | 3 | 2 | 1,452 | $207 | 1.0 mi |
E 41011 Stetson Avenue Sold | $415,000 | 3 | 2 | 1,460 | $284 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the home features recent cosmetic improvements like fresh paint and carpet. However, the presence of dated drop ceilings, popcorn textures, and original architectural elements suggests that major systems, kitchen, and baths are likely over 20 years old and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1300.
The expansive 10,890 sqft lot offers exceptional versatility, providing ample space for a swimming pool, an Accessory Dwelling Unit (ADU), or extensive outdoor entertaining areas.
The home features fresh paint and new carpeting throughout the living areas, offering a clean, move-in-ready environment that appeals to buyers looking to avoid immediate renovation costs.
With 88 days on market and a history of multiple price fluctuations, the property may be facing challenges with buyer perception or initial overpricing relative to local demand.
Built in 1962, the property likely retains original systems or structural elements that may require future capital investment for modernization beyond the cosmetic surface updates.
Make this your Hemet Haven. Large living room with fresh carpet & paint. Spacious dining area with fireplace. Breakfast counter. Convenient laundry room adjacent to kitchen. Main bathroom in hall near bedroom 1 & 2. Primary bedroom with en-suite and separate vanity area. Plenty of outdoor space for an ADU, pool or both! Located on a beautiful tree lined street with mountain views . Close to high school. Easy access to downtown Hemet and freeways. Spacious living. Don't let this opportunity slip away..
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 | 1,300 | 1,632 | 20% |
| Lot Size | 10,890 | 8,276 | 69% |
| Price | $375.0K | $460.0K | 17% |
| Price per sq ft | $288 | $284 | 51% |
| Built year | 1962 | 1978 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 108 | 157 | 28% |
May 17, 2026
$375,000
$369,000
+2% Price Increase
Initial Listing
Mar 20, 2026
$369,000
$385,000
-4% Price Drop
Initial Listing
Mar 10, 2026
$385,000
$399,000
-4% Price Drop
Initial Listing
Feb 18, 2026
$399,000
Initial Listing
Jan 31, 2020
$190,000
Public Record
Sep 18, 2007
$235,000
Public Record
Aug 15, 2003
$156,000
Public Record