41321 Merriwood, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath
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Hemet, California 92544
This Refurbished Single-Family Residence is a Strong Value Opportunity, listed at $499,900—positioned well below the $539,781 Fair Market Value by 7%. This valuation gap provides $39,881 in Instant Equity for the incoming buyer. Boasting a Top-Tier Condition Rating, the home features a remodeled granite kitchen, new plumbing, and a Tesla battery backup system. The expansive 10,890 sqft lot includes a separate 10'x10' studio and mountain views within the Hemet Unified School District. This is an ideal match for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors looking for a high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41321 Merriwood Subject | $499,900* List Price | 3 | 2 | 1,864 | $268 | - |
A 26560 Cornell Sold | $500,000 | 4 | 2 | 1,660 | $301 | 0.1 mi |
B 41487 Merriwood Sold | $465,000 | 3 | 2 | 1,452 | $320 | 0.2 mi |
C 40635 Revere Ave Sold | $480,000 | 3 | 2 | 2,000 | $240 | 0.8 mi |
D 26381 Jepson Court Sold | $465,000 | 3 | 2 | 1,382 | $336 | 0.1 mi |
E 40448 Marsha Court Sold | $483,000 | 3 | 2 | 1,573 | $307 | 0.9 mi |
F 26407 Liberty Drive Sold | $480,000 | 3 | 2 | 1,798 | $267 | 0.6 mi |
G 41105 Felton Court Active Under Contract | $565,000 List Price | 4 | 3 | 1,928 | $293 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been totally refurbished with a remodeled kitchen featuring new appliances and granite countertops, fully updated bathrooms, new interior plumbing, and a roof less than 6 years old. The interior features new laminate flooring and fresh paint throughout, meeting the criteria for a recent high-quality renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1864.
The property has been extensively refurbished with new interior and exterior paint, all-new interior plumbing, laminate flooring throughout, and remodeled bathrooms with walk-in showers.
The large 10,890 sqft lot is fully perimeter-fenced and includes RV parking, a circular driveway, and a separate 10'x10' outbuilding ideal for a home office or studio.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1864, other record living area = 1337. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The solar system is leased rather than owned, requiring the buyer to assume the lease transfer and ongoing monthly financial commitment.
While the front windows have been replaced, the remaining windows appear to be older, which may result in inconsistent energy efficiency and aesthetic uniformity.
DON'T LET THIS HOME PASS YOU BY!! The seller has made so many upgrades and repairs the list price will net them a financial loss! Excellently refurbished family home in E. Hemet. So much to describe and so well done! Totally perimeter fenced large lot for dogs, RV parking, circular driveway. New paint interior and exterior. The color of the exterior is dark blue walls with white trim. Interior is various pleasing colored walls. Both bathrooms have been remodelled with new walkin showers. The master bedroom suite is at the front of the house and there is a huge additional bedroom added at the back of the house, approx. over 520 sq. feet, with sitting area and sliding glass doors to it's own patio. There is also a smaller third bedroom. The kitchen has new appliances, dishwasher and gas stove, and granite counter tops. Flooring is all new laminate throughout the house. New windows at the front of the house. New leased solar system with Tesla battery backup system. The lease will be transferred to a buyer at approx. $210.30/month payment. The 25 year lease commensed July 30, 2024. June 2026 energy report shows "excellent energy efficiency". Composition roof is in excellent condition and is approximately 5 to 6 years old. All new waterline from the street and all new plumbing in the interior of the house. Desert landscaping in the frontyard. Auto sprinkler system. Separate approx. 10' X 10' building, as one room, added in the backyard would make a great office, craft room, exercise room or... You just have to see it all!
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 | 1,864 | 1,544 |
| Lot Size | 10,890 | 6,970 |
| Price | $499.9K | $446.9K |
| Price per sq ft | $268 | $263 |
| Built year | 1960 | 1988 |
| HOA | $0 | $130 |
| Days on market | 93 | 65 |
Apr 20, 2026
$499,900
Initial Listing
May 13, 2024
$465,000
Public Record