40807 Boyer, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Value-Add Residential Asset is listed at $399,000, positioned relative to a $306,465 Fair Market Value. Carrying a Condition Rating of 5, the home requires a comprehensive rehabilitation, specifically targeting the unfinished sunroom and kitchen area. However, the 8,276 Sqft Lot provides exceptional utility with mature fruit trees and a private patio. Located within the Hemet Unified School District with no HOA fees, the property offers significant potential for forced appreciation through modernization. This is an ideal acquisition for Fix-and-Flip Investors or Contractors looking for a high-upside project in an established neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40807 Boyer Subject | $399,000* List Price | 3 | 2 | 1,268 | $242 | - |
A 40930 Johnston Sold | $420,000 | 3 | 2 | 1,379 | $305 | 0.3 mi |
B 41259 Collegian Way Sold | $415,000 | 3 | 2 | 1,279 | $324 | 0.5 mi |
C 40805 Whittier Avenue Sold | $335,000 | 2 | 2 | 1,123 | $298 | 0.1 mi |
D 40722 Stetson Avenue Sold | $318,500 | 4 | 2 | 1,366 | $233 | 0.5 mi |
E 40795 Crest Drive Sold | $430,000 | 3 | 2 | 1,435 | $300 | 0.8 mi |
F 41161 Orange Place Sold | $450,000 | 3 | 2 | 1,353 | $333 | 0.5 mi |
G 40877 Lela May Avenue Pending | $385,000 List Price | 4 | 2 | 1,394 | $276 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958, the home shows significant signs of deferred maintenance and incomplete DIY projects. While it has a new furnace, the kitchen is in poor condition with chipping paint and missing cabinet doors. Most notably, interior images show a sunroom/bonus area with exposed wall studs and unfinished flooring, indicating the property requires a substantial rehab to be fully functional.
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 offers significant long-term savings with low property taxes and the absence of monthly HOA fees, making it highly attractive for budget-conscious buyers.
The large 8,276 sqft lot is fully fenced and features a variety of mature fruit trees, including avocado and citrus, providing immediate outdoor value and privacy.
The requirement for the buyer to assume the current solar power purchase agreement may complicate the financing process or be a deterrent for some investors.
Built in 1958, the home may require more frequent maintenance or modern cosmetic updates to compete with newer residential inventory 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,268 | 1,653 | 17% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $399.0K | $460.0K | 21% |
| Price per sq ft | $315 | $282 | 71% |
| Built year | 1958 | 1978 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 181 | 1% |
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