41180 Stetson Avenue, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Value-Add Residential Asset is listed at $449,000, offering a strategic opportunity to revitalize a property on an expansive 20,909 sq ft lot. Positioned relative to a $386,224 Fair Market Value, the home is in Poor Condition and requires substantial rehabilitation to modernize its 1950s systems and outdated kitchen. The property features a functional 5-bedroom layout and an on-site pool currently being restored, providing a strong foundation for forced appreciation. Located in the Hemet Unified School District, this site is a prime candidate for Fix-and-Flip Investors or Contractors looking to maximize high lot utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41180 Stetson Avenue Subject | $449,000* List Price | 3 | 2 | 1,586 | $244 | - |
A 26480 Tuominen Way Sold | $385,000 | 3 | 2 | 1,268 | $304 | 0.5 mi |
B 27307 Balboa Court Active Under Contract | $449,900 List Price | 3 | 2 | 2,118 | $212 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950, this property is in 'lived-in' condition and requires substantial rehabilitation. The kitchen is severely outdated with original-style cabinetry and worn surfaces, while the interior shows significant wear including mismatched tile flooring, stained ceilings, and unpermitted-looking bedroom modifications. The reliance on window AC units and wall heaters, combined with the agent's description of the property as a renovation opportunity, confirms it needs major system and cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 1586.
The property sits on a massive 20,909 sq ft lot, offering significant space for outdoor recreation, potential ADU construction, or future property expansion.
Currently functioning as a 5-bedroom home despite tax records showing 3, this property offers a unique chance for investors or buyers to renovate and unlock substantial equity.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The 'lived-in' condition suggests the home requires comprehensive updates and repairs, which may necessitate a large upfront budget and specialized financing.
The mismatch between the 3-bedroom tax record and the 5-bedroom functional layout could present challenges during the appraisal process or with local building code compliance.
OPPORTUNITY AWAITS on this spacious property set on an expansive 20,909 sq ft lot. Tax records show as a 3 bedroom, 2 bath layout however has been modified and is currently functioning as a 5 bedroom home. The property is in lived in condition and presents a great opportunity for buyers looking to renovate, reimagine or invest. With its generous lot size, there is ample room for outdoor use, expansion potential or future enhancements. A pool is located on the property and is currently in the process of being cleaned and restored to its intended condition. Bring your vision and unlock the full potential this property has to offer!!
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 | 1,586 | 1,650 | 44% |
| Lot Size | 20,909 | 8,712 | 81% |
| Price | $449.0K | $460.0K | 41% |
| Price per sq ft | $283 | $283 | 50% |
| Built year | 1950 | 1979 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 182 | 1% |
Apr 10, 2026
$449,000
Initial Listing
Sep 20, 2019
$270,000
Public Record