40667 Mayberry, Hemet, California 92544, Hemet, 92544 - 1 bed, 1 bath
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Hemet, California 92544
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well above the $266,252 Fair Market Value by -31%. Featuring a Fair Condition Rating, the 1941 structure requires a comprehensive interior rehab to modernize its dated finishes and mechanical systems. While the 6,098 sqft lot and workshop/storage shed provide significant utility, the property's small footprint limits its demographic appeal. This asset is best suited for Buy-and-Hold Investors or experienced contractors capable of executing a value-add renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40667 Mayberry Subject | $350,000* List Price | 1 | 1 | 794 | $335 | - |
A 41376 Torrey Pine Court Sold | $355,000 | 2 | 1 | 814 | $436 | 0.7 mi |
B 41278 Torrey Pine Court Sold | $350,000 | 2 | 2 | 974 | $359 | 0.6 mi |
C 40676 Mayberry Avenue Sold | $360,000 | 2 | 1 | 792 | $455 | 0.1 mi |
D 40520 Poppy Drive Sold | $335,000 | 2 | 2 | 948 | $353 | 0.4 mi |
E 41272 Mayberry Sold | $385,000 | 2 | 2 | 1,034 | $372 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941, this 85-year-old property features highly dated interior finishes including acoustic ceiling tiles, wall paneling, and old-style cabinetry. The lack of central HVAC (relying on window units) and the overall age of the systems suggest the home requires a comprehensive interior rehab to meet modern standards.
The property features a generous 6,098 sqft lot equipped with mature fruit trees, an automatic sprinkler system, and a versatile workshop/storage shed, offering significant utility for outdoor enthusiasts.
The home is secured with an iron front fence and durable vinyl side fencing, complemented by a practical concrete parking area that adds both security and aesthetic value.
Ideally situated near local schools and shopping centers, this cottage-style home provides easy access to essential services and community amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 794, other record living area = 440.
With only one bedroom and 794 square feet of living area, the property's small footprint may restrict its appeal to a narrow buyer demographic such as singles or couples.
Constructed in 1941, the home's age may necessitate future investments in modernizing older mechanical systems or structural components to meet current standards.
Charming cottage-style home conveniently located near schools and shopping centers. This property features a spacious backyard with several fruit trees and an automatic sprinkler system, perfect for outdoor enjoyment and easy maintenance. Additional amenities include a workshop/storage shed, laundry room, a concrete parking area at the front of the property, an iron front fence, and durable vinyl side fencing for added privacy and curb appeal., *Make an offer.!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 794 | 1,607 | 2% |
| Lot Size | 6,098 | 8,276 | 4% |
| Price | $350.0K | $460.0K | 10% |
| Price per sq ft | $441 | $284 | 95% |
| Built year | 1941 | 1978 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 156 | 3% |
May 20, 2026
$350,000
Initial Listing
Jun 23, 2020
$180,000
Public Record
Apr 29, 1998
$30,000
Public Record