40921 Johnston, Hemet, California 92544, Hemet, 92544 - 3 bed, 1 bath
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Hemet, California 92544
This Single Family Residence represents a Strong Value Opportunity, listed at $385,000—positioned well below the $387,546 Fair Market Value by 0.65%. This valuation gap offers $2,546 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Modernized Kitchen and an expansive 9,148 sqft lot. While the unpermitted third bedroom requires due diligence, the low tax rate and lack of HOA fees provide long-term affordability. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a serene, well-maintained home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40921 Johnston Subject | $385,000* List Price | 3 | 1 | 1,100 | $352 | - |
A 41050 Johnston Ave Sold | $449,000 | 3 | 2 | 1,352 | $332 | 0.2 mi |
B 40780 Malibar Sold | $410,000 | 2 | 1 | 998 | $411 | 0.3 mi |
C 41471 Vicky Lane Sold | $402,000 | 2 | 2 | 1,032 | $390 | 0.6 mi |
D 41011 Stetson Avenue Sold | $415,000 | 3 | 2 | 1,460 | $284 | 0.3 mi |
E 40602 Shellie Lane Sold | $440,000 | 4 | 2 | 1,332 | $330 | 0.3 mi |
F 26296 Investors Active | $415,000 List Price | 3 | 1 | 1,100 | $377 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1956, the property has been well-maintained with a kitchen renovation featuring updated cabinets and counters likely within the last 10-15 years. The presence of a digital thermostat suggests updated HVAC controls, and the home is functional and move-in ready, though it includes an unpermitted bedroom and dated carpet/finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1100.
The property features an oversized 9,148 sqft lot with mature trees and lush landscaping, providing a private and serene environment rarely found at this price point.
Situated in a low tax rate area with no HOA fees, this home offers significant long-term savings and increased affordability for budget-conscious buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 933. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The third bedroom is unpermitted, which may present challenges regarding official square footage calculations, financing options, and future appraisal values.
With only one bathroom serving three bedrooms, the layout may be less convenient for larger households or those seeking modern multi-bath configurations.
A gem, nestled in lush, established landscaping this well-loved home has been carefully maintained and curated to provide a serene, comfortable home. The assessor shows 2bedrooms, there is a third unpermitted primary bedroom with ample windows providing a view of gorgeous, green backyard surroundings. This bedroom is generous in size and provides ample closet and storage, in addition to being away from the other two bedrooms. The core of the home is the kitchen with updated counters and cabinets. The living room includes generous windows bringing in light and views of the front yard. The two secondary bedrooms each have generous closets and windows. The centrally located bath includes a queen-sized bathtub for unwinding. Located on an oversized lot with mature trees, a koi pond and a turtle pond; whose inhabitants will be relocating with the sellers. Low tax rate area, no HOAs, fenced and ready! Call us for a personal appointment to see this unique home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,100 | 1,607 | 10% |
| Lot Size | 9,148 | 8,276 | 56% |
| Price | $385.0K | $460.0K | 16% |
| Price per sq ft | $350 | $284 | 84% |
| Built year | 1956 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 156 | 3% |
Jun 2, 2026
$385,000
Initial Listing