40722 Stetson Avenue, Hemet, California 92544, Hemet, 92544 - 4 bed, 2 bath

40722 Stetson Avenue, Hemet, California 92544 home-pic-0
ACTIVE$348,000
40722 Stetson Avenue, Hemet, California 92544
4Beds
2Baths
1,366Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($280,509.465) is $67,490.535 (19%) lower than the list price ($348,000). 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 = 7405, living area = 1366.
Top Cons:
Extensive Renovation Required: Explicitly described as a 'fixer' with no warranties, indicating substantial investment and effort will be needed for repairs, updates, and modernization.

Compared to the nearby listings

Price:$348.0K vs avg $470.0K ($-122,000)5%
Size:1,366 sqft vs avg 1,729 sqft21%
Price/sqft:$255 vs avg $27736%

More Insights

Built in 1955 (70 years old).
Condition: This property, built in 1955, is explicitly described as a 'fixer' requiring 'extensive renovation.' The images confirm this, showing a heavily dated interior with wood-beamed ceilings, wood paneling, and what appears to be old, checkered flooring. The kitchen and bathrooms, though not fully detailed, are consistent with the property's age and overall condition, indicating they are severely outdated and require complete modernization. The backyard features an empty, cracked pool, further highlighting the need for substantial repairs and rehabilitation. While it has 'solid, unique features' and paid-off solar, the property is far from move-in ready and would be uncomfortable to live in without significant investment.
Year Built
1955
Close
-
List price
$348K
Original List price
$348K
Price/Sqft
$255
HOA
-
Days on market
-
Sold On
-
MLS number
PW25260910
Home ConditionPoor
Features
Pool
Patio
View-

About this home

This two-story home offers four bedrooms, two bathrooms, and a layout filled with character and renovation potential. Paid off Solar. The main level features wood-beamed ceilings, brick details, and a distinctive wishing-well-style built-in in the front room. From there, the space leads into a roomy kitchen with plenty of storage, with a hallway just beyond, connecting the laundry room and two bedrooms. French glass-paned double doors connect the front room to an additional family room. Upstairs, an extra bedroom provides additional living separate from the main level. The backyard includes a private pool, a covered patio, and a storage shed at the rear of the property. A detached guest house (ADU) sits beyond the yard with its own entrance and pathway for privacy, offering an extra bedroom and bathroom. Located in an established part of Hemet, the home is near everyday necessities including shopping and dining along Florida Avenue, grocery stores, and schools within the Hemet Unified School District. This property is a fixer with solid, unique features that give the next owner plenty of room to reimagine the space. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.

Condition Rating
Poor

This property, built in 1955, is explicitly described as a 'fixer' requiring 'extensive renovation.' The images confirm this, showing a heavily dated interior with wood-beamed ceilings, wood paneling, and what appears to be old, checkered flooring. The kitchen and bathrooms, though not fully detailed, are consistent with the property's age and overall condition, indicating they are severely outdated and require complete modernization. The backyard features an empty, cracked pool, further highlighting the need for substantial repairs and rehabilitation. While it has 'solid, unique features' and paid-off solar, the property is far from move-in ready and would be uncomfortable to live in without significant investment.
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 = 7405, living area = 1366.
Income/Flexibility Potential: A detached guest house (ADU) with its own entrance and pathway offers an extra bedroom and bathroom, ideal for rental income, multi-generational living, or a dedicated home office.
Energy Efficiency & Savings: The property benefits from paid-off solar panels, significantly reducing utility costs and enhancing its environmental appeal.
Desirable Outdoor Amenity: The backyard features a private pool and a covered patio, providing excellent recreational and entertaining space.
Character & Customization Opportunity: Unique architectural details like wood-beamed ceilings, brick accents, and a distinctive built-in offer character and significant potential for renovation and personalization.
Convenient Location: Located in an established part of Hemet, the home provides easy access to everyday necessities including shopping, dining, grocery stores, and schools.

Cons

Extensive Renovation Required: Explicitly described as a 'fixer' with no warranties, indicating substantial investment and effort will be needed for repairs, updates, and modernization.
Age-Related Concerns: Built in 1955, the property likely has outdated systems and finishes, which could lead to deferred maintenance and unforeseen costs for the buyer.
High Buyer Due Diligence Burden: The listing includes strong disclaimers placing full responsibility on the buyer to verify all property details, suggesting potential inaccuracies or undisclosed issues.

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