40807 Boyer, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $390,000—positioned well below the $381,794 Fair Market Value by -2%. While the property carries a Fair Condition Rating due to its 1958 vintage, the expansive 8,276 sqft lot and lack of HOA fees provide significant long-term value. The home features a new furnace and versatile four-bedroom layout, though the solar lease obligation requires careful financial planning. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of managing cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40807 Boyer Subject | $390,000* List Price | 3 | 2 | 1,268 | $314 | - |
A 40877 Lela May Avenue Sold | $417,000 | 4 | 2 | 1,394 | $299 | 0.1 mi |
B 40930 Johnston Sold | $420,000 | 3 | 2 | 1,379 | $305 | 0.3 mi |
C 41168 Torrey Pine Court Sold | $405,000 | 2 | 2 | 1,204 | $336 | 0.4 mi |
D 41050 Johnston Ave Sold | $449,000 | 3 | 2 | 1,352 | $332 | 0.4 mi |
E 41259 Collegian Way Sold | $415,000 | 3 | 2 | 1,279 | $324 | 0.5 mi |
F 26161 Dartmouth Sold | $395,000 | 2 | 2 | 1,062 | $372 | 0.7 mi |
G 41272 Mayberry Sold | $385,000 | 2 | 2 | 1,034 | $372 | 0.5 mi |
H 40636 Revere Sold | $400,000 | 2 | 2 | 1,336 | $299 | 0.6 mi |
I 26445 Katharin Street Active | $449,000 List Price | 3 | 2 | 1,180 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this property is significantly dated and fits the 'Fair' criteria. While it features some upgrades like a new furnace, solar panels, and newer laminate flooring, the kitchen is outdated with old tile countertops and DIY-style painted cabinets. The interior shows popcorn ceilings and a reliance on window AC units despite the new furnace, suggesting uneven HVAC distribution. The sunroom/extra bedroom addition appears to be of lower construction quality with visible concrete cracking.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1268.
The property features low taxes and no HOA fees, significantly reducing the monthly carrying costs and providing better long-term affordability for the buyer.
Situated on a large 8,276 sqft lot, the home offers a private, fully fenced yard with multiple mature fruit trees including avocado, lemon, and grapefruit.
The requirement for buyers to assume a solar power purchase agreement may complicate financing or be viewed as a long-term financial liability by some prospects.
Built in 1958, the home may require more frequent maintenance or modernization of original systems compared to newer residential developments in the area.
Charming single-story nestled in trees on a huge lot with LOW TAXES and NO HOA. New furnace! Leased solar and an extra bedroom off the sunroom to make four bedrooms total! This home also boasts an interior laundry, a private backyard, and a fully fenced front yard. Multiple fruit trees: lemon, grapefruit, berry, nectarine, and avocado! Two sheds will stay. This property will not last! Buyers to assume the current solar power purchase agreement.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,268 | 1,544 |
| Lot Size | 8,276 | 6,970 |
| Price | $390.0K | $446.9K |
| Price per sq ft | $308 | $263 |
| Built year | 1958 | 1988 |
| HOA | $0 | $130 |
| Days on market | 111 | 65 |
Jun 2, 2026
$390,000
$395,000
-1% Price Drop
Initial Listing
May 4, 2026
$395,000
$399,000
-1% Price Drop
Initial Listing
Apr 2, 2026
$399,000
Initial Listing
Nov 14, 2013
$135,000
Public Record
Nov 12, 2003
$180,000
Public Record
Feb 28, 1997
$36,500
Public Record