40238 Stetson Avenue, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This Functional Starter Home is listed at $369,900, representing a stable market entry aligned with its $356,730 Fair Market Value. Boasting a Condition Score of 4, the residence features essential recent upgrades including a New Roof, Water Heater, and Fuse Box, all under three years old. The interior highlights an upgraded Granite Kitchen and a versatile garage conversion, while the expansive 7,841 Sq Ft Corner Lot offers significant potential for ADU development or outdoor recreation. Featuring Mountain Views and situated within the Hemet Unified district, this property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance asset 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 | $450 | - |
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 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.2 mi |
D 1113 E Acacia Avenue Sold | $365,000 | 2 | 1 | 1,030 | $354 | 1.0 mi |
E 337 S Franklin Pending | $274,999 List Price | 2 | 1 | 720 | $382 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property has received critical functional updates including a new roof, water heater, and fuse box within the last three years. While the kitchen features granite countertops and a custom backsplash, the overall age of the home, the unlandscaped yard, and the compact 792 sqft layout suggest it is a well-maintained but dated starter home that requires cosmetic attention and minor updates.
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 installed within the last three years, significantly reducing the need for immediate maintenance capital.
Situated on a generous 7,841 square foot corner lot, the property offers ample outdoor space for gardening, recreational use, or potential future expansions and ADU possibilities.
With only 792 square feet of living space and a single bathroom, the home's compact footprint may be restrictive for growing families or those requiring more storage.
The conversion of the main garage into a bonus room eliminates traditional covered parking and enclosed vehicle storage, which may be a drawback for some buyers.
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 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 792 | 1,349 | 4% |
| Lot Size | 7,841 | 6,534 | 72% |
| Price | $369.9K | $417.0K | 30% |
| Price per sq ft | $467 | $290 | 96% |
| Built year | 1963 | 1976 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 181 | 1% |
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