40650 Sheillie Lane, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $495,000—positioned well below the $504,007 Fair Market Value by 1%. This valuation gap offers $9,007 in Instant Equity for the buyer. Featuring a Condition Rating of 2 (Mint), the home boasts modern kitchen upgrades, remodeled bathrooms, and a spacious 13,939 sqft lot with scenic mountain views. Located in the Hemet Unified school district, this property is an ideal fit for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40650 Sheillie Lane Subject | $495,000* List Price | 3 | 2 | 1,431 | $352 | - |
A 41011 Stetson Avenue Sold | $415,000 | 3 | 2 | 1,460 | $284 | 0.4 mi |
B 40602 Shellie Lane Sold | $440,000 | 4 | 2 | 1,332 | $330 | 0.1 mi |
C 26460 Girard Street Sold | $420,000 | 3 | 2 | 1,452 | $289 | 0.4 mi |
D 40780 Malibar Sold | $410,000 | 2 | 1 | 998 | $411 | 0.3 mi |
E 40796 E Whittier Active | $450,000 List Price | 3 | 2 | 1,326 | $339 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1964, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen features updated shaker cabinets, stainless steel appliances, and modern countertops. Bathrooms have been fully remodeled with contemporary tile, black hardware, and new vanities. The presence of a newer HVAC condenser and updated flooring throughout indicates the home is in mint, move-in condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 1431.
The property sits on a generous 13,939 square foot lot, providing significant outdoor space for potential ADU construction, gardening, or recreational activities.
The home features desirable mountain views, enhancing the overall aesthetic appeal and providing a tranquil atmosphere for residents.
Built in 1964, the property may require modern updates to major systems such as plumbing, electrical, or insulation to meet current efficiency standards.
The significant jump in list price from its 2022 sale of $240,000 to the current $495,000 may lead to appraisal challenges or buyer scrutiny regarding long-term value.
Exceptional opportunity in Hemet. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
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 | 1,431 | 1,632 | 31% |
| Lot Size | 13,939 | 8,276 | 76% |
| Price | $495.0K | $460.0K | 65% |
| Price per sq ft | $346 | $284 | 83% |
| Built year | 1964 | 1978 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 157 | 2% |
May 20, 2026
$495,000
Initial Listing
Jul 10, 2023
$431,500
Public Record
Aug 23, 2022
$240,000
Public Record
Sep 17, 2015
$135,000
Public Record