381 Olympia Way, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
381 Olympia Way
Hemet, California 92543
Property Price
SUMMARY
Analysis of 381 Olympia Way, Hemet, California 92543 reveals a Fairly Priced Property with a current list price of $299,900 aligned with the estimated $306,361 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Hemet Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Olympia Way Subject | $299,900* List Price | 2 | 2 | 1,170 | $262 | - |
A 681 Shasta Way Sold | $245,000 | 2 | 2 | 1,116 | $220 | 0.4 mi |
B 1461 W Mayberry Sold | $249,900 | 2 | 2 | 1,044 | $239 | 0.2 mi |
C 1441 Edgewood Lane Sold | $235,000 | 2 | 2 | 1,170 | $201 | 0.2 mi |
D 621 Shasta Way Sold | $260,000 | 2 | 2 | 1,197 | $217 | 0.3 mi |
E 410 Panorama Drive Sold | $279,900 | 2 | 2 | 1,425 | $196 | 0.1 mi |
F 1561 W Wesley Place Sold | $295,000 | 2 | 2 | 1,152 | $256 | 0.3 mi |
G 1560 1560 Amberwood Pending | $264,999 List Price | 2 | 2 | 1,170 | $226 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1964, the property is move-in ready and has undergone significant capital improvements within the last three years, including a new roof, A/C system, and updated flooring. The interior is well-maintained with a functional kitchen and clean bathrooms, and the major systems are well within their expected lifespan due to recent replacements, meeting the criteria for a 'good' condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Golf Course Location
The property backs directly onto the golf course and greenbelt with no rear neighbors, offering rare privacy and expansive fairway views within the Panorama Village community.
- Recent Capital Improvements
Significant updates including a new roof, A/C system, and flooring were completed within the last three years, providing immediate value and reducing near-term maintenance costs.
- Comprehensive Community Amenities
Residents benefit from an active 55+ lifestyle with access to a clubhouse, pool, spa, fitness center, and on-site golf facilities, all for a relatively low association fee.
CONSRISKS & DEFICIENCIES
- Aged Structure
Originally built in 1964, the home may feature older infrastructure or architectural limitations common to properties of this vintage despite the recent surface and system updates.
- Low Local School Ratings
The surrounding public schools have relatively low ratings, which could potentially affect long-term property appreciation and appeal to certain investor segments.
About 381 Olympia Way
55+ GOLF COURSE LIVING BACKING TO GREENBELT MAJOR UPDATES COMPLETEDLocated in the desirable 55+ Panorama Village community, this well-maintained 2-bedroom, 2-bath home sits directly along the golf course with open greenbelt and fairway views. With no rear neighbors and currently the only home available backing to the course, this is a rare opportunity.Major improvements have been completed within the past three years, including the roof, A/C system, and updated flooring -- offering efficiency, reliability, and peace of mind.Inside, the spacious living room welcomes you with abundant natural light and an open, comfortable feel. The layout transitions easily into a dedicated dining area and a generously sized kitchen with ample cabinetry and practical workspace. An enclosed sunroom overlooks the golf course, providing a peaceful setting to relax, entertain, or enjoy your morning coffee.Both bedrooms are well-proportioned, including a private primary suite. Easy-maintenance landscaping allows for more enjoyment and less upkeep. A full-length garage and wide driveway add convenience and additional storage.Panorama Village residents enjoy access to a clubhouse, pool, spa, indoor jacuzzi, fitness center, and golf -- all designed for active 55+ living.If you've been waiting for a golf course location with major systems already updated and minimal exterior maintenance, this is your opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $130.0 / Month
Neighborhood Insights
Hemet Unified Schools
Whittier Elementary School
Grades K-5 • 0.6 mi
Diamond Valley Middle School
Grades 6-8 • 1.6 mi
Aspire Community Day
Grades 7-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,170 | 1,337 | 31% |
| Lot Size | 4,356 | 6,534 | 17% |
| Price | $299.9K | $415.0K | 19% |
| Price per sq ft | $256 | $278 | 41% |
| Built year | 1964 | 1976 | 36% |
| HOA | $130.0 | $0 | 62% |
| Days on market | 5 | 159 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$299,900
Initial Listing
Sold
Jun 21, 2018
$165,000
Public Record
Sold
May 8, 2001
$113,000
Public Record
Sold
Nov 3, 2000
$105,000
Public Record