40692 Stetson, Hemet, California 92544, Hemet, 92544 - 2 bed, 1 bath
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Hemet, California 92544
This Prime Investment Opportunity is a Single Family Residence listed at $345,000, positioned well below the $353,948 Fair Market Value by 2%. This valuation gap offers $8,948 in Instant Equity. Featuring an Excellent Condition Rating with a remodeled kitchen and fresh paint, the home is move-in ready. The property includes scenic hill views and a large lot with significant potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, turnkey entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40692 Stetson Subject | $345,000* List Price | 2 | 1 | 688 | $521 | - |
A 26359 Girard Sold | $369,000 | 2 | 1 | 720 | $513 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1954, the property qualifies as excellent due to a kitchen remodel within the last few years featuring stainless appliances, plus very recent updates including new carpet and fresh interior/exterior paint, making it move-in ready and maintenance-free.
Priced at $345,000, this property is positioned as one of the most affordable single-family residences in Hemet, making it an ideal entry point for first-time buyers or a high-yield opportunity for investors.
The home is move-in ready with significant recent upgrades, including fresh interior and exterior paint, new carpeting, and a remodeled kitchen featuring stainless steel appliances and updated cabinetry.
The property sits on a generous 5,227 sqft lot with scenic hill views and a large, open backyard, offering a blank canvas for landscaping, ADU potential, or outdoor entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At only 688 square feet, the interior footprint is quite small, which may limit appeal for growing families or buyers requiring dedicated home office or storage space.
The 2-bedroom layout is served by only one bathroom, which can be a logistical drawback for multi-occupant households and may impact future resale value compared to larger homes.
Move-in ready 2 bedroom, 1 bathroom home! This charming property has been recently painted inside and out and features new carpet throughout. Brand New windows in every room as well! The kitchen was remodeled a few years ago and offers white cabinetry, updated counters, and stainless steel appliances. A new water heater was just installed. The living area has great natural light and exposed ceiling beams that add character to the space. The home also offers a fenced front yard, driveway parking, and low-maintenance outdoor space with a large and open back yard with endless possibilities! Great opportunity for a first-time buyer, someone looking to downsize, or investor. Don’t miss your chance at one of the most affordable homes in Hemet! Title shows 1 bedroom 688 square feet but there is a 2nd room used as a bedroom with total square footage of the home being 935.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 688 | 1,544 |
| Lot Size | 5,227 | 6,970 |
| Price | $345.0K | $446.9K |
| Price per sq ft | $501 | $263 |
| Built year | 1954 | 1988 |
| HOA | $0 | $130 |
| Days on market | 42 | 65 |
Jun 10, 2026
$345,000
Initial Listing
Nov 7, 2022
$221,000
Public Record
Mar 20, 2019
$110,000
Public Record
Mar 19, 2019
$110,000
Public Record