40621 Revere Avenue, Hemet, California 92544, Hemet, 92544 - 3 bed, 1 bath
ACTIVE$415,000
40621 Revere Avenue, Hemet, California 92544
3Beds
1Bath
1,044Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($134,936.655) is $280,063.345 (67%) lower than the list price ($415,000). This property may be overpriced.
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 = 7841, living area = 1044.
Top Cons:
Significantly Overpriced: The current list price of $415,000 is substantially higher than the estimated value and recent comparable sales, suggesting it is overpriced for its size and features.
Compared to the nearby listings
Price:$415.0K vs avg $470.0K ($-55,000)17%
Size:1,044 sqft vs avg 1,729 sqft5%
Price/sqft:$398 vs avg $27895%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this property is over 70 years old. The listing provides no details about any major renovations or updates to the kitchen, bathroom, or other critical systems (HVAC, electrical, plumbing, roof, windows). The single image shows a dated exterior with neglected landscaping. The presence of only one bathroom for three bedrooms further indicates an outdated layout and likely original or very old fixtures. While described as 'very nice' and 'perfect for 1st time buyer or investor,' the lack of specific updates for a home of this age strongly suggests it requires substantial repairs and rehabilitation to meet modern living standards, particularly in the kitchen and bathroom areas.
Year Built
1953
Close
-
List price
$415K
Original List price
$265K
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
SW21032191
Home ConditionPoor
Features
View-
About this home
Perfect for 1st time buyer or investor,3 big bedrooms,2 car garage on a big lot. Close to school,church and shopping.Very nice home in a quiet neighborhood. low low taxes. Special assessment taxes last year were $57.26.
Condition Rating
Poor
Built in 1953, this property is over 70 years old. The listing provides no details about any major renovations or updates to the kitchen, bathroom, or other critical systems (HVAC, electrical, plumbing, roof, windows). The single image shows a dated exterior with neglected landscaping. The presence of only one bathroom for three bedrooms further indicates an outdated layout and likely original or very old fixtures. While described as 'very nice' and 'perfect for 1st time buyer or investor,' the lack of specific updates for a home of this age strongly suggests it requires substantial repairs and rehabilitation to meet modern living standards, particularly in the kitchen and bathroom areas.
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 = 7841, living area = 1044.
Low Property Taxes: The property benefits from exceptionally low annual property taxes, making it an attractive option for budget-conscious buyers.
Generous Lot Size: Featuring a substantial 7,841 sqft lot, the property offers ample outdoor space for various uses or potential expansion.
Convenient Location: Situated in a quiet neighborhood, it provides easy access to essential amenities including schools, churches, and shopping centers.
Broad Market Appeal: Described as 'perfect for 1st time buyer or investor,' indicating versatility and a wide target audience.
Two-Car Garage: The inclusion of a two-car garage provides valuable parking and storage solutions.
Cons
Significantly Overpriced: The current list price of $415,000 is substantially higher than the estimated value and recent comparable sales, suggesting it is overpriced for its size and features.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not meet the functional needs of many families or potential buyers.
Age and Condition: Built in 1953, the property's age, coupled with no mention of recent major system updates (e.g., HVAC, roof, windows) in the description, suggests potential for deferred maintenance and future capital expenditures.