2998 Elder, Hemet, California 92545, Hemet, 92545 - 3 bed, 2 bath

2998 Elder, Hemet, California 92545 home-pic-0
ACTIVE$409,000
2998 Elder, Hemet, California 92545
3Beds
2Baths
1,392Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($393,472.19) is $15,527.81 (3%) lower than the list price ($409,000). This property may be overpriced.

Key pros and cons

Top 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 = 10019, living area = 1392.
Top Cons:
Age-Restricted Community: Being part of a 55+ community, while desirable for its target demographic, inherently limits the potential buyer pool, which can impact market demand and resale velocity.

Compared to the nearby listings

Price:$409.0K vs avg $449.9K ($-40,950)31%
Size:1,392 sqft vs avg 1,769.5 sqft27%
Price/sqft:$294 vs avg $24979%

More Insights

Built in 2002 (23 years old).
Condition: Built in 2002, this property is 22 years old. While described as 'beautifully maintained' and 'move-in ready,' the kitchen and bathrooms, though clean and functional, feature dated styles such as white appliances, basic white cabinets, and original-era countertops and tile. The laminate wood flooring is a positive update, but the overall aesthetic in key areas shows its age. A significant factor contributing to a 'Fair' rating is the absence of central air conditioning, which is a major system expected in a home of this vintage in a warm climate like Hemet. The property is well-kept but requires minor updates to meet current quality and style standards.
Year Built
2002
Close
-
List price
$409K
Original List price
$409K
Price/Sqft
$294
HOA
$60
Days on market
-
Sold On
-
MLS number
PW25277148
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

This beautifully maintained 3-bedroom, 2-bathroom home sits on a large 10,000 square foot lot in the Desirable 55+ Community of Crean Acres. The living room features high ceilings, laminate wood flooring, fireplace and plenty of natural light that flows through the dining area and into the kitchen. The kitchen includes granite countertops, lots of cabinet space, Stove, fridge and dishwasher. The large primary bedroom boast sliding doors to the back patio, two large closets, ceiling fan and a full primary bath. The other two bedrooms are good size, both with ceiling fans and soft carpets. One bedroom includes a full length desk and work area making it the perfect spot for an office. The guest bathroom features a convenient walk-in shower with cool flexible shower head. The front yard is easy care landscape in front of the house and a full concrete slab that stretches from the garage to the gated RV parking on the side. The garage is an oversized two car with an abundance of cabinet space, washer/dryer hook-up (Washer/Dryer included!), work station plus room for two cars. In back you find an expanding yard of fake grass (no mowing) fruit trees, tuff shed and patio to sit and enjoy it all. All this is located in a well-kept 55+ residents community with low annual dues of just $60, that is close to shopping, dining, and local amenities.

Nearby schools

4/10
Fruitvale Elementary School
Public,K-50.4mi
2/10
Rancho Viejo Middle School
Public,6-80.8mi
4/10
Tahquitz High School
Public,9-120.8mi
1/10
Aspire Community Day
Public,7-123.6mi

Price History

Date
Event
Price
04/15/02
Sold
$150,000
Condition Rating
Fair

Built in 2002, this property is 22 years old. While described as 'beautifully maintained' and 'move-in ready,' the kitchen and bathrooms, though clean and functional, feature dated styles such as white appliances, basic white cabinets, and original-era countertops and tile. The laminate wood flooring is a positive update, but the overall aesthetic in key areas shows its age. A significant factor contributing to a 'Fair' rating is the absence of central air conditioning, which is a major system expected in a home of this vintage in a warm climate like Hemet. The property is well-kept but requires minor updates to meet current quality and style 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 = 10019, living area = 1392.
Large, Low-Maintenance Lot with RV Parking: The property boasts a generous 10,000 sqft lot featuring easy-care landscaping, artificial turf in the backyard, fruit trees, a storage shed, and valuable gated RV parking.
Desirable 55+ Community with Low HOA: Located within the well-kept Crean Acres 55+ community, offering a desirable lifestyle for seniors with exceptionally low annual homeowner association dues of just $60.
Well-Maintained Interior with Modern Touches: The home presents a beautifully maintained interior with high ceilings, laminate wood flooring, a cozy fireplace, granite kitchen countertops, and a dedicated office workspace.
Oversized Garage with Ample Storage & Inclusions: An oversized two-car garage provides extensive cabinet storage, a dedicated workstation, and includes a washer and dryer, adding significant utility and value.
Convenient Location & Move-in Ready Condition: Situated close to essential shopping, dining, and local amenities, this home is presented in a beautifully maintained, move-in ready condition with included kitchen appliances.

Cons

Age-Restricted Community: Being part of a 55+ community, while desirable for its target demographic, inherently limits the potential buyer pool, which can impact market demand and resale velocity.
Standard Neighborhood View: The property offers a standard 'Neighborhood' view, lacking the premium scenic vistas (e.g., mountains, city lights, water) that can command higher value.
Absence of Central Air Conditioning: The property description does not mention a central air conditioning system, which could be a significant comfort concern and potential upgrade cost, especially in Hemet's warm climate.

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