40238 Stetson Avenue, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This Single Family Residence is a Strong Value Opportunity, listed at $369,900—positioned above the $350,050 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3 with recent infrastructure upgrades, including a new roof and electrical system. The 7,841 sqft corner lot and Granite Kitchen provide significant utility, while the converted garage adds versatile living space. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, move-in ready home with no HOA fees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40238 Stetson Avenue Subject | $369,900* List Price | 2 | 1 | 792 | $442 | - |
A 1115 S Thompson Street Sold | $395,000 | 2 | 1 | 792 | $499 | 0.4 mi |
B 1108 E Mayberry Sold | $370,000 | 2 | 1 | 792 | $467 | 0.8 mi |
C 1113 E Acacia Avenue Sold | $365,000 | 2 | 1 | 1,030 | $354 | 1.0 mi |
D 608 S Buena Vista Sold | $390,000 | 2 | 1 | 952 | $410 | 0.8 mi |
E 932 Griffith Active | $314,900 List Price | 3 | 1 | 912 | $345 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1963, the property has undergone significant recent maintenance including a new roof, water heater, and electrical fuse box all within the last 3 years. The kitchen has been updated with granite countertops and a custom backsplash, and the interior appears functional and move-in ready, fitting the criteria for a well-maintained home with recent system upgrades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 792.
The property features a new roof, water heater, and fuse box all under three years old, significantly reducing immediate capital expenditure and maintenance concerns for the buyer.
Situated on a 7,841 sqft corner lot, the property provides expansive outdoor space for gardening, recreation, or potential future expansions, offering rare versatility for a home at this price point.
At only 792 square feet, the interior footprint is quite small, which may limit its appeal to larger families or those requiring more substantial living space.
The conversion of the main garage into a living area eliminates covered vehicle storage, which could be a disadvantage for buyers prioritizing secure parking or traditional garage utility.
Welcome to this pleasant Hemet property situated on a generous corner lot with a unique blend of space and potential. An excellent opportunity for a starter home or even investors. The property features a comfortable layout, with a personal touch throughout. The kitchen upgraded with granite counter tops and custom backsplash. Indoor Laundry. The main garage was converted into a beautiful room, adding additional space for a possible bedroom, an office, workout room, or “he/she cave”. Enjoy the freedom of expansive outdoor space for entertaining, gardening, recreational use, or future improvements. New roof, new water heater, and new fuse box are all under 3yrs old. Conveniently located with easy access to local amenities, shopping, dining, and major roadways. Whether you're envisioning a personal retreat or exploring investment possibilities, this property offers versatility to suit a variety of needs. Additional interior photos forthcoming. PRICED TO SELL!! NO HOA & LOW TAXES!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 792 | 1,544 |
| Lot Size | 7,841 | 6,970 |
| Price | $369.9K | $446.9K |
| Price per sq ft | $467 | $263 |
| Built year | 1963 | 1988 |
| HOA | $0 | $130 |
| Days on market | 98 | 65 |
Apr 15, 2026
$369,900
Initial Listing
Aug 12, 2016
$145,000
Public Record
Oct 3, 2003
$127,000
Public Record
Jun 20, 2002
$75,000
Public Record
Oct 5, 1999
$48,000
Public Record
Aug 1, 1995
$52,545
Public Record