346 S Thompson Street, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Value-Add Residential Asset is listed at $389,000, positioned as a stable entry point relative to recent neighborhood sales despite a conservative $329,888 Fair Market Value estimate. Holding a Condition Rating of 5, the 1952-built home requires a full interior rehab, presenting a clear path for forced appreciation. The property features an oversized 8,276 sqft lot and a detached 2-car garage, offering rare versatility for expansion or ADU development. Located near Hemet Unified schools, this is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 346 S Thompson Street Subject | $389,000* List Price | 2 | 2 | 1,064 | $295 | - |
A 1124 E Campus Way Sold | $375,000 | 2 | 1 | 915 | $410 | 0.8 mi |
B 609 S Buena Vista Street Sold | $390,000 | 2 | 1 | 1,004 | $388 | 0.3 mi |
C 214 W Latham Sold | $390,000 | 3 | 2 | 1,046 | $373 | 0.7 mi |
D 892 Margaret Sold | $392,000 | 2 | 2 | 1,204 | $326 | 0.8 mi |
E 220 S State Street Sold | $275,000 | 3 | 1 | 972 | $283 | 0.4 mi |
F 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.7 mi |
G 434 S Harvard Street Active | $379,000 List Price | 3 | 1 | 1,080 | $351 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 (74 years old) with no mention of recent renovations to kitchens, baths, or major systems. The exterior shows signs of deferred maintenance and clutter, and the listing description suggests an 'opportunity to customize,' which typically indicates a need for a full interior rehab.
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.
The oversized 8,276 sqft lot is fully fenced and offers significant privacy, versatility for outdoor living, or potential for future expansion and ADU possibilities.
Unlike many homes of this era, this property features central cooling and a detached 2-car garage, providing modern comfort and secure storage.
Built in 1952, the property may require updates to older infrastructure or cosmetic modernization to meet contemporary aesthetic standards.
At 1,064 sqft with only two bedrooms, the interior space may be restrictive for growing families or buyers requiring dedicated home office space.
Conveniently located single-story home featuring 2 bedrooms and 2 bathrooms with approximately 1,064 sq ft of living space. Built in 1952, this home offers a practical layout with a fireplace, comfortable living areas, and central cooling. The oversized 8,276 sq ft lot is fully fenced and includes a detached 2-car garage, providing space, privacy, and versatility. With room to expand or customize, this property presents a great opportunity in an established Hemet neighborhood close to everyday amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,064 | 1,544 |
| Lot Size | 8,276 | 6,970 |
| Price | $389.0K | $446.9K |
| Price per sq ft | $366 | $263 |
| Built year | 1952 | 1988 |
| HOA | $0 | $130 |
| Days on market | 85 | 65 |
Apr 28, 2026
$389,000
Initial Listing
Dec 2, 2022
$240,000
Public Record
Feb 5, 2010
$64,500
Public Record
Mar 1, 2002
$96,000
Public Record