
Hemet, California 92545
This Value-Add Residential Asset is listed at $449,950, offering a strategic entry point into the Hemet market. Holding a Condition Rating of 5, the 1993-built home requires significant rehabilitation to align with its $272,898 Fair Market Value. The versatile 4-bedroom configuration and single-story accessibility provide a functional foundation for forced appreciation through a full modernization plan. Situated within the Hemet Unified School District, the property offers clear upside for buyers looking to customize a detached residence. 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 |
|---|---|---|---|---|---|---|
★ 3827 Cougar Canyon Subject | $449,950* List Price | 4 | 2 | 1,430 | $191 | - |
A 2039 Bayou Court Sold | $482,500 | 4 | 3 | 1,951 | $247 | 0.5 mi |
B 1457 Angelus Hill Sold | $445,000 | 3 | 2 | 1,774 | $251 | 0.2 mi |
C 2635 Beech Tree Sold | $350,000 | 3 | 2 | 1,576 | $222 | 0.9 mi |
D 1419 Nolette Avenue Sold | $413,000 | 2 | 2 | 1,222 | $338 | 0.3 mi |
E 1863 Ash Tree Lane Sold | $360,000 | 3 | 2 | 1,594 | $226 | 0.9 mi |
F 1886 Tamarack Sold | $394,000 | 3 | 2 | 1,654 | $238 | 0.6 mi |
G 4186 Rexford Drive Active | $399,000 List Price | 3 | 2 | 1,330 | $300 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1993, the property is 33 years old and falls into the 'Poor' category based on the age criteria (>30y). The listing description 'great opportunity with plenty of potential' and the weathered exterior suggest original 1990s systems, kitchen, and baths that likely require significant rehabilitation and updating.
The one-story floor plan offers a functional and inviting layout that is highly sought after for its accessibility and ease of movement for all ages.
With four bedrooms, the property provides significant flexibility for growing families, guest accommodations, or dedicated home office spaces.
Priced under $450,000, this home represents a strong opportunity for first-time buyers or investors looking for a detached residence in the Hemet market.
At 1,430 square feet for a four-bedroom home, the individual room sizes and common areas may feel somewhat constrained for larger households.
The listing's mention of 'plenty of potential' suggests the 1993-built home may require cosmetic updates or renovations to meet modern aesthetic standards.
Spacious one-story home featuring 4 bedrooms, 2 bathrooms, and a 2-car garage with a functional and inviting layout. The living area offers a comfortable space for relaxing or entertaining, while the kitchen provides ample cabinet and counter space and opens to the dining and living areas for easy everyday living. The primary suite includes a private bathroom and generous closet space, while additional bedrooms offer flexibility for guests, home office, or hobbies. Enjoy a backyard with space to relax or entertain. Great opportunity with plenty of potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,430 | 1,775 | 26% |
| Lot Size | 5,227 | 6,098 | 31% |
| Price | $449.9K | $455.0K | 49% |
| Price per sq ft | $315 | $247 | 89% |
| Built year | 1993 | 2000 | 40% |
| HOA | $0 | $43 | 46% |
| Days on market | 7 | 180 | 0% |
Apr 15, 2026
$449,950
Initial Listing
Jul 19, 2012
$127,000
Public Record
Nov 3, 2011
$120,000
Public Record