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40330 Indian Tree Drive, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath

40330 Indian Tree Drive, Hemet, California 92544 home-pic-0
ACTIVE$729,900
40330 Indian Tree Drive, Hemet, California 92544
3Beds
2Baths
2,398Sqft
39,204Lot
Year Built
1988
Close
-
List price
$730K
Original List price
$749K
Price/Sqft
$304
HOA
-
Days on market
-
Sold On
-
MLS number
SW25167724
Home ConditionFair
Features
Good View: Hills, Neighborhood
Deck
ViewHills, Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $729.9K(94th), sqft - 2398(83th), beds - 3(50th), baths - 2(50th).

Stop and check out this custom home with attached apartment-ADU on almost an acre lot with beautiful views of the hills and Ramona Bowl. This home will boast 2,398sqft, 3 bedroom (with possible 4th) and 3bathrooms. Kitchen has breakfast nook and eat-in counter with plenty of cabinet space. Family, dining and spacious bonus room that can be used as a bedroom. Will feature a totally separate 1bed/1bath apartment with kitchen, living area and 2 car garage. In addition to all this, there is plenty of driveway for RV parking, a detached 2 car garage with custom workshop, 1 car carport, covered storage areas, a separate gated area for animals with storage shed and additional storage structures. The entire property is gated and the entry has am automatic gate. You will enjoy fabulous views of the hills and Ramona Bowl from your covered front porch and conveniently located near shopping, dining, and the Domenigoni Pkwy. Don't this spectacular home pass up with so many other features to appreciate.

Price History

Date
Event
Price
10/31/25
Price Change
$729,900-2.6%
07/25/25
Listing
$749,000
Condition Rating
Fair
Built in 1988, the property's main house features a kitchen and bathroom that are significantly dated in style, materials, and appliances (e.g., light wood cabinets, laminate/tile countertops, older white appliances, fluorescent lighting). While appearing functional and maintained, these key areas would require substantial cosmetic updates to meet modern buyer expectations. The overall property is aged but maintained, aligning with the 'Fair' category for homes built over 25 years ago with no major renovations since construction, where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Attached ADU/Income Potential: The property features a fully separate 1-bedroom, 1-bathroom apartment with its own kitchen, living area, and 2-car garage, offering significant flexibility for rental income, multi-generational living, or guest accommodation.
Expansive Lot & Outdoor Features: Situated on nearly an acre, the property boasts beautiful views, extensive RV parking, a detached 2-car garage with a custom workshop, a carport, multiple covered storage areas, and a separate gated animal area.
Scenic Views & Enhanced Security: Enjoy beautiful views of the hills and Ramona Bowl from a covered front porch, complemented by a fully gated property with an automatic entry gate for privacy and security.
Flexible Interior Layout: The main home offers 2,398 sqft with 3 bedrooms (potential for a 4th) and a spacious bonus room, allowing for adaptable living arrangements to suit various needs.
Abundant Parking & Storage: Beyond the ADU's garage, the property provides ample driveway space for RVs, a detached 2-car garage with a workshop, a 1-car carport, and various covered storage structures.

Cons

Overpriced Relative to Market Estimation: The current listing price of $729,900 is approximately 13% above the estimated property value of $633,703, which may deter potential buyers or indicate an inflated price.
Recent Price Reduction: The property has already undergone a price reduction from $749,000 to $729,900, which could signal a lack of initial buyer interest or an overestimation of its market value.
Age of Main Residence: Built in 1988, the main residence is 36 years old. While described as custom, the age suggests potential for required updates or maintenance to meet modern buyer expectations, which are not explicitly mentioned as completed.

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