4186 Rexford Drive, Hemet, California 92545, Hemet, 92545 - 3 bed, 2 bath
Loading property details...
Hemet, California 92545
This Functional Family Residence is a Strong Value Opportunity, with a List Price of $399,000 positioned strategically below the $409,000 Bank Appraisal. This valuation provides $10,000 in Instant Equity for buyers. While the Condition Rating of 4 indicates a need for cosmetic updates, the property offers significant carrying-cost advantages with No HOA fees and a Very Low Tax Rate. Located within walking distance to Harmony Elementary and West Valley High in the Hemet Unified District, this home is an ideal acquisition for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4186 Rexford Drive Subject | $399,000* List Price | 3 | 2 | 1,330 | $284 | - |
A 1457 Angelus Hill Sold | $445,000 | 3 | 2 | 1,774 | $251 | 0.3 mi |
B 1886 Tamarack Sold | $394,000 | 3 | 2 | 1,654 | $238 | 0.8 mi |
C 3954 Paul Sold | $400,000 | 2 | 2 | 1,103 | $363 | 0.1 mi |
D 1419 Nolette Avenue Sold | $413,000 | 2 | 2 | 1,222 | $338 | 0.1 mi |
E 873 Wetherly Street Active Under Contract | $460,000 List Price | 3 | 2 | 1,572 | $293 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this home shows its age with dated features. The kitchen has updated stainless steel appliances but features very dated tile countertops and light oak cabinets. The living room carpet appears worn, and while some bedrooms have newer laminate flooring, the bathrooms are functional but not modern. The property is maintained but requires cosmetic updates to key areas to meet current buyer expectations.
The current list price of $399,000 is below the bank's appraisal of $409,000, offering potential for immediate equity and a competitive purchase opportunity.
Situated within walking distance to Harmony Elementary and West Valley schools, and conveniently close to shopping and local amenities, making it ideal for families.
Benefits from no Homeowners Association (HOA) fees and a very low tax rate, significantly reducing monthly expenses for the homeowner.
Being a short sale, the transaction process is likely to be more protracted and complex, potentially involving longer approval times and less certainty for the buyer.
Built in 1987, the home is over three decades old. While not explicitly stated, it may require updates to systems, finishes, or appliances to meet modern buyer expectations, which could incur additional costs.
The property has undergone multiple significant price drops from its original listing of $490,000 to the current $399,000, which could indicate previous market resistance or a prolonged time on the market.
This is a SHORT SALE. The banks appraisal came in at $409,000..A great home in the perfect area. This big 3 bedroom and 2 full bath has such a warm family vibe. Close to all shopping and church. The kids can walk to school, Harmony elementary is right around the corner and west valley is just a short walk away. The living room has a nice warm fireplace and plenty of room for the family to relax. The kitchen overlooks the front yard and also connects to the dining area. This home has a nice private/quiet backyard to just unwind. Don't miss this home NO HOA VERY LOW TAX RATE
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 | 1,330 | 1,775 | 21% |
| Lot Size | 5,663 | 6,098 | 39% |
| Price | $399.0K | $455.0K | 25% |
| Price per sq ft | $300 | $247 | 84% |
| Built year | 1987 | 2000 | 21% |
| HOA | $0 | $43 | 46% |
| Days on market | 370 | 181 | 97% |
Feb 5, 2026
$399,000
$409,000
-2% Price Drop
Initial Listing
Nov 1, 2025
$409,000
$430,000
-5% Price Drop
Initial Listing
Sep 9, 2025
$430,000
Initial Listing
Apr 17, 2025
$490,000
Initial Listing