39838 Reed Valley Road, Hemet, California 92544, Hemet, 92544 - 1 bed, 1 bath
ACTIVE$475,000
39838 Reed Valley Road, Hemet, California 92544
1Bed
1Bath
592Sqft
870,328.813Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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 = 870328, living area = 592.
Top Cons:
Outdated and Small Existing Residence: The current 592 sq ft house, built in 1957, is very small and likely requires extensive renovation or is best considered a tear-down for a new, modern build.
Compared to the nearby listings
Price:$475.0K vs avg $472.0K (+$3,000)50%
Size:592 sqft vs avg 1,729 sqft1%
Price/sqft:$802 vs avg $27899%
More Insights
Built in 1957 (68 years old).
Condition: The 592 sq ft house was built in 1957 (67 years ago) and shows no evidence of significant renovations in the past 50 years. The kitchen features very old cabinets, basic appliances, and linoleum flooring. The bathroom is equally dated with an old vanity and fixtures. The overall interior is extremely outdated and uncomfortable. The listing description and property analysis explicitly state the existing residence 'is best considered a tear-down for a new, modern build,' indicating the property's value lies almost entirely in the nearly 20 acres of land and its development potential.
Year Built
1957
Close
-
List price
$475K
Original List price
$475K
Price/Sqft
$802
HOA
-
Days on market
-
Sold On
-
MLS number
SW24151777
Home ConditionTear down
Features
Excellent View: Hills, Neighborhood, Valley, Trees/Woods
ViewHills, Neighborhood, Valley, Trees/Woods
About this home
Gentle rolling 19.98 acre with 592 sq ft house built in 1957, has a shop building, large storage facility, multiple pad areas for to build a new main residence, property is fully fenced, has a few oak trees, great views from parcel of surrounding valley. Adjoining 20.04 acre 39898 Reed Valley Road, Hemet, CA 92544, APN 571-280-041 is also available for $399,000.00.
Condition Rating
Tear down
The 592 sq ft house was built in 1957 (67 years ago) and shows no evidence of significant renovations in the past 50 years. The kitchen features very old cabinets, basic appliances, and linoleum flooring. The bathroom is equally dated with an old vanity and fixtures. The overall interior is extremely outdated and uncomfortable. The listing description and property analysis explicitly state the existing residence 'is best considered a tear-down for a new, modern build,' indicating the property's value lies almost entirely in the nearly 20 acres of land and its development potential.
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 = 870328, living area = 592.
Significant Acreage & Development Potential: The property boasts nearly 20 acres of gentle rolling land with multiple designated pad areas, offering substantial potential for building a custom main residence or expanding existing facilities.
Panoramic Valley Views: Enjoy great views of the surrounding valley, hills, and trees, which significantly enhance the property's aesthetic appeal and overall desirability.
Existing Support Structures: The presence of a valuable shop building and a large storage facility provides immediate utility and added functionality for various uses, from hobbies to business operations.
Fully Fenced Perimeter: The entire property is fully fenced, offering enhanced security, privacy, and suitability for agricultural, equestrian, or other animal-related pursuits.
Expansion Opportunity: The unique availability of an adjoining 20.04-acre parcel presents a rare opportunity to acquire a much larger contiguous estate or compound, increasing long-term value and utility.
Cons
Outdated and Small Existing Residence: The current 592 sq ft house, built in 1957, is very small and likely requires extensive renovation or is best considered a tear-down for a new, modern build.
Limited Residential Functionality: With only 1 bedroom and 1 bathroom, the existing dwelling offers minimal living space and amenities, making it unsuitable for most modern family needs without substantial investment.
Potential for High Development Costs: While offering significant development potential, building a new main residence and upgrading necessary infrastructure on a large rural parcel can incur substantial costs and require extensive planning.