40330 Indian Tree Drive, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Custom Multi-Generational Estate is listed at $715,000, reflecting its unique utility and extensive site improvements despite being positioned above the $683,416 Fair Market Value. With a Condition Rating of 4, the property offers a significant value-add opportunity for buyers looking to modernize the interior and capture appreciation. Key assets include a Permitted Attached ADU, a Detached Workshop, and a gated One-Acre Lot with Panoramic Hill Views. Located in the Hemet Unified School District, this versatile residence is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a functional house-hack.
Property is moderate renovation needed.
Built in 1988, this property is 36 years old. While the exterior appears well-maintained and the property offers extensive auxiliary structures and an ADU, there is no mention of recent major renovations to the main house's interior, particularly the kitchen and bathrooms. The visible window AC unit suggests outdated cooling systems. The lack of interior photos for key areas like the kitchen and bathrooms, combined with the property's age, indicates these spaces are likely original or have older renovations and would require significant updates to meet current standards. The property is functional but shows signs of being outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39204, living area = 2398.
The property features a totally separate 1-bed/1-bath apartment with its own kitchen, living area, and 2-car garage, offering significant income potential, multi-generational living, or a dedicated home office/studio.
Situated on almost an acre lot, the entire property is gated with an automatic entry, providing exceptional privacy, security, and ample outdoor space.
The listing has undergone multiple price reductions from $749,000 to $715,000, which may indicate initial overpricing or a struggle to attract buyers at its perceived value.
Built in 1988, the property is over 35 years old, suggesting that major systems (e.g., HVAC, plumbing, electrical) and some finishes may be original and could require future updates or maintenance.
While the kitchen has a breakfast nook and ample cabinet space, the description does not explicitly mention recent major renovations to key areas like the kitchen, bathrooms, or other significant components, which might imply a need for buyer-initiated modernization.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,398 | 1,653 | 88% |
| Lot Size | 39,204 | 8,712 | 86% |
| Price | $715.0K | $460.0K | 92% |
| Price per sq ft | $298 | $282 | 61% |
| Built year | 1988 | 1979 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 271 | 181 | 84% |
Dec 27, 2025
$715,000
$729,900
-2% Price Drop
Initial Listing
Oct 31, 2025
$729,900
$749,000
-3% Price Drop
Initial Listing
Jul 25, 2025
$749,000
Initial Listing