42055 Harmony Drive, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath

42055 Harmony Drive, Hemet, California 92544 home-pic-0
ACTIVE$435,000
42055 Harmony Drive, Hemet, California 92544
3Beds
2Baths
1,415Sqft
10,890Lot
Year Built
1968
Close
-
List price
$435K
Original List price
$435K
Price/Sqft
$307
HOA
-
Days on market
-
Sold On
-
MLS number
IV25044832
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 68% below the list price. We found 3 Cons,6 Pros. Rank: price - $435.0K(26th), sqft - 1415(26th), beds - 3(50th), baths - 2(50th).

This is a very unique property that it's features are very original looking. Corner lot 3 bedroom home with 2 baths on a very spacious lot with 2 car garage and the potential of so much more parking or potential of expanding possibly an ADU. Potential to restore filled in pool.

Condition Rating
Poor

The property, built in 1968, is largely in its original or very early renovated condition, as indicated by the MLS description ('very original looking') and confirmed by the images. The kitchen features avocado green appliances, dated wood cabinets, and tiled countertops, all requiring a complete overhaul. The bathroom has outdated fixtures, an old vanity, and notably, green carpet, which is highly undesirable. Throughout the home, flooring consists of old, worn carpet and dated linoleum. While the water heater appears newer, the overall aesthetic and functional components of the kitchen and bathrooms necessitate substantial renovation and modernization, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: 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 = 1415.
Corner Lot Location: The property is situated on a corner lot, which typically offers more privacy, natural light, and potentially greater curb appeal.
Generous Lot Size: With a spacious 10,890 sqft lot, there is ample outdoor space for various uses, including landscaping, recreation, or future development.
ADU/Expansion Potential: The large lot provides significant potential for expanding the existing home or adding an Accessory Dwelling Unit (ADU), which could enhance value and living space.
Ample Parking: In addition to the 2-car garage, the property offers potential for much more parking, a practical advantage for multiple vehicles or guests.
Restorable Pool Feature: The presence of a filled-in pool offers a future opportunity for a buyer to restore a valuable recreational amenity, adding to the property's appeal.

Cons

Original Condition: The property's 'very original looking' features suggest that significant updates and renovations are likely required to modernize the home and meet current buyer expectations.
Non-Functional Pool: The pool is currently filled in, meaning it is not a usable amenity and would require substantial investment and effort to restore.
Significant Price Discrepancy: The listing price of $435,000 is considerably higher than the estimated property value of $137,058.22, indicating potential overpricing or a need for strong justification of the asking price.

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