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 Mint Condition Rating, the home features a modernized granite kitchen, new interior plumbing, and a Tesla solar battery backup. The expansive 10,890 sqft lot includes RV parking and a versatile 10'x10' outbuilding within the Hemet Unified School District. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey, 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 | $290 | - |
A 41574 Lomas Street Sold | $565,000 | 3 | 2 | 1,923 | $294 | 0.5 mi |
B 26597 Meridian Street Sold | $465,000 | 3 | 2 | 1,792 | $259 | 0.7 mi |
C 41844 Channing Sold | $445,000 | 3 | 2 | 1,302 | $342 | 1.0 mi |
D 40602 Shellie Lane Sold | $440,000 | 4 | 2 | 1,332 | $330 | 0.8 mi |
E 41011 Stetson Avenue Sold | $415,000 | 3 | 2 | 1,460 | $284 | 0.6 mi |
F 26560 Cornell Active | $499,000 List Price | 4 | 2 | 1,660 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has been totally refurbished with high-end updates including all new interior plumbing, new laminate flooring, and a remodeled kitchen with granite countertops and new appliances. Both bathrooms feature modern walk-in showers, the roof is only 5-6 years old, and the home includes a new solar system with Tesla battery backup, qualifying it as a comprehensive recent renovation in mint condition.
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, laminate flooring throughout, remodeled bathrooms with walk-in showers, and a modernized kitchen featuring granite countertops and new appliances.
The large 10,890 sqft lot includes a circular driveway, RV parking, and a separate 10'x10' exterior building that provides flexible space for a home office, gym, or craft room.
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 agreement, which may be a deterrent for those preferring to avoid ongoing contract obligations.
While the front of the house features new windows, the description implies that the remaining windows may be older, potentially impacting the home's overall insulation and energy efficiency.
Charming excellently totally 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 and both have 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 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. Composition roof is in excellent condition and is approximately 5 to 6 years old. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,864 | 1,653 | 63% |
| Lot Size | 10,890 | 8,712 | 68% |
| Price | $499.9K | $460.0K | 65% |
| Price per sq ft | $268 | $281 | 41% |
| Built year | 1960 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 181 | 1% |
Apr 20, 2026
$499,900
Initial Listing
May 13, 2024
$465,000
Public Record