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31420 Palm Avenue, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath

31420 Palm Avenue, Hemet, California 92543 home-pic-0
ACTIVE$2,185,000
31420 Palm Avenue, Hemet, California 92543
3Beds
2Baths
1,768Sqft
820,670Lot
Year Built
2002
Close
-
List price
$2.19M
Original List price
$2.6M
Price/Sqft
$1,236
HOA
-
Days on market
-
Sold On
-
MLS number
SW22176868
Home ConditionFair
Features
Good View: Canyon, Lake, Mountain(s)
Patio
ViewCanyon, Lake, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $2.19M(99th), sqft - 1768(76th), beds - 3(50th), baths - 2(50th).

Gorgeous Ranch on 19 acres All Flat and usable. Perfect for multiple Homes on two parcels. Home is 1800 sq ft home 3 bedrooms and two full size bathrooms with a office, custom wood doors through out the home. Champion size roping arena and also a calf arena with an announcing platform, Six pastures with shelters. Five cattle pens with shelters, Custom MD Barn with eight stalls a bunkhouse with a bathroom and also a tack room. There are three wells on the property, greenhouse , chicken coop. About an acre and a half of Zinfandel grapes Custom Pizza Oven. Oversized four car carport. two large round pens. Three large Connex boxes one of them is fully refrigerated. Home has two parcel numbers, This set of parcels are perfect for a Vineyard, A Horse or cattle Ranch, Or a Home Business, This Ranch has so much to offer and is a must see. Low taxes very private and secluded area. Bring the whole family and build a home for everyone. Enjoy the Tranquil Atmosphere. Close to the Back side of Temecula and the Wine Country.

Condition Rating
Fair
The property was built in 2002, making it 22 years old, which falls into the 'Fair' category for age. While the home appears well-maintained with custom wood doors and good overall upkeep, the kitchen features light wood cabinets and tile countertops, and the bathrooms also have tile countertops and dated light fixtures, consistent with its original build year. These areas are functional but show signs of being outdated in style, indicating no major recent renovations. The flooring is a mix of wood and tile, which appears in good condition. Overall, it's a well-kept home for its age, but would benefit from cosmetic updates to the kitchen and bathrooms to meet current aesthetic standards.
Pros & Cons

Pros

Expansive & Versatile Acreage: The property boasts 19 flat, usable acres across two parcels, offering significant potential for multiple homes, agricultural development (vineyard), or various home businesses.
Comprehensive Equestrian & Ranch Facilities: Features include a champion-size roping arena, calf arena with announcing platform, six pastures, five cattle pens, an 8-stall MD barn with bunkhouse and tack room, and two large round pens, catering to serious equestrians and ranchers.
Self-Sufficient Water Resources: The presence of three private wells provides a reliable and independent water supply, a critical asset for large acreage, agricultural endeavors, and ranching operations.
Agricultural & Business Potential: With an existing acre and a half of Zinfandel grapes, a greenhouse, and explicit mention of suitability for a vineyard or home business, the property offers diverse income-generating possibilities.
Privacy & Favorable Taxation: The ranch is situated in a very private and secluded area, offering tranquility, coupled with the benefit of low property taxes, enhancing its long-term appeal.

Cons

Modest Main Residence Size: The 1800 sq ft main home may be considered relatively small for a 19-acre property with extensive ranch amenities, potentially not meeting the expectations of buyers seeking a grand estate.
Niche Market Appeal: The highly specialized equestrian and ranching infrastructure, while a significant strength for a specific buyer, narrows the potential buyer pool to those with a direct need or desire for such facilities.
Geographic Location Perception: While offering privacy and proximity to Temecula Wine Country, Hemet's overall market perception and local amenities might not align with the high price point and extensive features of the property for all luxury buyers.

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