42150 Margoni Way, Hemet, California 92544, Hemet, 92544 - 6 bed, 4 bath
ACTIVE$1,849,000
42150 Margoni Way, Hemet, California 92544
6Beds
4Baths
3,643Sqft
572,814Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Vast Acreage & Subdivision Potential: The property spans over 13 acres, including a separate 1.3-acre vacant corner lot with utilities, and the seller has initiated a subdivision application, presenting significant development or investment opportunities.
Top Cons:
Complex Due Diligence Required: The property's diverse components (multiple dwellings, vacant lot, subdivision application) necessitate extensive buyer investigation into zoning, permits, and allowable uses with local authorities.
Compared to the nearby listings
Price:$1.85M vs avg $472.0K (+$1,377,000)99%
Size:3,643 sqft vs avg 1,742 sqft97%
Price/sqft:$508 vs avg $27899%
More Insights
Built in 2005 (20 years old).
Condition: The main house was built in 2005, placing it within the 'Good' category for age (10-20 years old). While interior photos of the kitchen and bathrooms for the main house are not provided, the property description does not indicate any immediate renovation needs for the primary residence. The planned installation of 24+KW solar panels and 2 Tesla whole home backup batteries suggests ongoing investment and modernization. The overall property includes a manufactured home and extensive land, with the main house being the primary dwelling, and its age suggests it should be move-in ready with functional systems.
Year Built
2005
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$508
HOA
-
Days on market
-
Sold On
-
MLS number
OC25191039
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Single Story single level house (4B/3b) on a huge lot (13+ acres) that also includes: 3B/2b manufactured home, large living room, own street address and own electrical and water meters and detached car garage + large metal warehouse (arch style-like a blimp hanger) + 5-stall stable barn with office space with water connection + 1.3 vacant corner lot with water and electrical connection. Soon to be installed on the main house: 24+KW solar panels + 2 Tesla whole home backup batteries. Horse property. Seller already submitted initial application for subdivision. Bring your own custom project. Buyer & buyer's agent to do their own due diligence/ investigations to verify all info w/the city or county for allowable uses, requirements & rely on their own investigations.
Condition Rating
Good
The main house was built in 2005, placing it within the 'Good' category for age (10-20 years old). While interior photos of the kitchen and bathrooms for the main house are not provided, the property description does not indicate any immediate renovation needs for the primary residence. The planned installation of 24+KW solar panels and 2 Tesla whole home backup batteries suggests ongoing investment and modernization. The overall property includes a manufactured home and extensive land, with the main house being the primary dwelling, and its age suggests it should be move-in ready with functional systems.
Pros & Cons
Pros
Vast Acreage & Subdivision Potential: The property spans over 13 acres, including a separate 1.3-acre vacant corner lot with utilities, and the seller has initiated a subdivision application, presenting significant development or investment opportunities.
Multi-Unit Income/Flexibility: Includes a separate 3-bedroom, 2-bathroom manufactured home with its own street address and utilities, ideal for rental income, multi-generational living, or caretaker's quarters.
Equestrian Ready Facilities: Equipped with a 5-stall stable barn, office space, and water connection, making it a true horse property catering to equestrian enthusiasts.
Extensive Outbuildings & Storage: Features a large metal warehouse (arch style) and a detached car garage, providing versatile space for workshops, storage, or potential business operations.
Advanced Energy Independence: Soon to be installed 24+KW solar panels and 2 Tesla whole home backup batteries will provide substantial energy savings and enhanced grid independence for the main residence.
Cons
Complex Due Diligence Required: The property's diverse components (multiple dwellings, vacant lot, subdivision application) necessitate extensive buyer investigation into zoning, permits, and allowable uses with local authorities.
High Maintenance Demands: A 13+ acre property with multiple structures and equestrian facilities implies significant ongoing maintenance, landscaping, and operational costs for the owner.
Geographic Location: Located in Hemet, the property's appeal may be limited to buyers specifically seeking a rural or exurban lifestyle, potentially impacting market liquidity compared to more central or high-demand areas.