346 S Thompson Street, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
ACTIVE$380,000
346 S Thompson Street, Hemet, California 92543
2Beds
2Baths
1,064Sqft
8,276Lot
Year Built
1952
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$357
HOA
-
Days on market
-
Sold On
-
MLS number
SW25075752
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 67% below the list price. We found 3 Cons,6 Pros. Rank: price - $380.0K(39th), sqft - 1064(23th), beds - 2(42th), baths - 2(50th).
Great family home located in a nice neighborhood and on a fenced in large lot. Welcoming layout with 3 bedrooms and 2 baths. 2 car detached garage. Close to shopping, schools, and more.
Condition Rating
Poor
Built in 1952, this property is over 70 years old. The listing description and property analysis explicitly state a 'potential for deferred maintenance & lack of modern amenities' and 'no explicit mention of recent major upgrades (e.g., HVAC, kitchen, baths, windows)'. The single exterior image shows an older home with some visible wear and tear (e.g., cracked driveway, overgrown landscaping). Without any interior photos or details of recent renovations, especially for the kitchen and bathrooms, it is highly probable that these key areas are significantly outdated and would require substantial repairs and rehabilitation to meet current standards and comfort. While not unlivable, it falls short of 'Fair' due to the age and presumed lack of significant updates.
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 = 8276, living area = 1064.
Generous Lot Size: The property boasts a large 8,276 sqft lot, offering ample outdoor space for various uses, including potential expansion or landscaping.
Detached 2-Car Garage: A detached two-car garage provides valuable parking, additional storage, and potential for future conversion into an Accessory Dwelling Unit (ADU), adding value and flexibility.
Favorable Location: Located in a 'nice neighborhood' with convenient proximity to shopping centers, schools, and other essential amenities, enhancing its appeal to families.
Two Full Bathrooms: For a home of its size and vintage (1952), having two full bathrooms is a practical advantage, offering greater convenience compared to many similar properties in the area.
Fenced Lot: The fully fenced lot provides enhanced privacy and security, making it particularly appealing for families with children or pet owners.
Cons
Significant Overpricing Indication: The list price of $380,000 is substantially higher than the property's estimated value of $124,851.66, suggesting a potential overvaluation that may deter buyers or complicate financing.
Discrepancy in Bedroom Count: The property description states '3 bedrooms' while the structured data indicates '2 beds,' a significant inconsistency that could confuse potential buyers and impact perceived value.
Potential for Deferred Maintenance & Lack of Modern Amenities: Built in 1952 with no explicit mention of recent major upgrades (e.g., HVAC, kitchen, baths, windows) in the description, the property may require significant investment to meet modern standards and compete with recently updated comparables.