
Hemet, California 92544
This hillside estate represents a High-Potential Investment Opportunity, listed at a List Price of $799,500—positioned well below the $907,679 Fair Market Value by 11%. This valuation gap offers $108,179 in Instant Equity. Featuring a private Next-Gen suite, in-ground pool, and wraparound deck, the property holds a Condition Rating of 3. While the home offers significant square footage and versatility, the current exterior maintenance needs provide a clear path for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41135 Gause Subject | $590,000* List Price | 4 | 4 | 3,498 | $259 | - |
A 27990 Vista Del Valle Active | $895,000 List Price | 6 | 3 | 3,101 | $289 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1987, it has undergone significant renovations including updated flooring, fresh paint, and a rebuilt deck. The interior appears move-in ready and functional; however, the property is prevented from an 'Excellent' rating due to visible exterior maintenance issues, specifically the neglected green pool and significant cracking in the driveway.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 73181, living area = 3498.
The property features a private Next-Gen suite with a large bedroom and living area, providing excellent flexibility for extended family, guests, or rental income potential.
Situated on a sprawling 1.68-acre lot, the estate includes a fenced in-ground pool, a newly rebuilt wraparound deck, and full RV hookups, catering to an active outdoor lifestyle.
The listing has undergone substantial price reductions from an initial $1.05M to $799,500, which may suggest previous overvaluation or a lack of buyer urgency at higher price points.
The secluded hillside location and specific Hemet sub-market may limit the buyer pool to those specifically seeking privacy over central suburban accessibility.
Welcome to this spacious, secluded hillside estate featuring a private Next-Gen suite. The suite offers expansive living space, including a generously sized bedroom and a large, comfortable living area, making it ideal for multi-generational living, extended family, guests, or potential rental opportunities. This beautifully renovated 3,500 sq. ft. home is perched on the upper west side of Cornell Hill, backing to Quail Road and the Ramona Bowl, providing exceptional privacy, tranquility, and scenic views of nearby equestrian estates. Inside, you'll find soaring vaulted ceilings and a chef's kitchen designed for both everyday living and entertaining, featuring abundant counter space, extensive pantry storage, and a large center island. The open and inviting floor plan creates a seamless flow throughout the home. Step outside to your private backyard retreat, complete with a fully fenced in-ground pool, mature lush landscaping, and a newly rebuilt wraparound deck with fresh paint and a convenient staircase providing direct access to the backyard. Additional highlights include an expansive circular driveway with full RV hookups and thousands of square feet of secure storage located beneath the deck, easily accessible from the garage area. This unique hillside property combines privacy, functionality, and exceptional outdoor living in one remarkable setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,498 | 1,544 |
| Lot Size | 73,181 | 6,970 |
| Price | $590.0K | $446.9K |
| Price per sq ft | $169 | $263 |
| Built year | 1987 | 1988 |
| HOA | $0 | $130 |
| Days on market | 69 | 65 |
Jul 10, 2026
$590,000
$699,000
-16% Price Drop
Initial Listing
Jun 25, 2026
$699,000
$799,500
-13% Price Drop
Initial Listing
Jun 19, 2026
$799,500
$800,000
+0% Price Increase
Initial Listing
Jun 12, 2026
$800,000
$999,000
-20% Price Drop
Initial Listing
Jun 7, 2026
$999,000
$1,050,000
-5% Price Drop
Initial Listing
May 14, 2026
$1,050,000
Initial Listing
Jun 18, 2025
$900,000
Public Record
Jun 30, 1994
$285,000
Public Record