44332 Olive, Hemet, California 92544, Hemet, 92544 - 4 bed, 3 bath
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Hemet, California 92544
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well above the $271,311 Fair Market Value by -38%. While the property requires significant capital for renovation, the 4-bedroom, 3-bath layout and private pool offer substantial value-add potential. With solar panels and no HOA fees, this asset provides low carrying costs for the savvy buyer. Given the Condition Rating of 5, this is a specialized acquisition ideal for Fix-and-Flip Investors or Contractors capable of managing a comprehensive project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44332 Olive Subject | $375,000* List Price | 4 | 3 | 1,704 | $159 | - |
A 25181 Avocet Sold | $439,900 | 3 | 2 | 1,747 | $252 | 0.0 mi |
B 25155 Avocet Sold | $365,000 | 4 | 3 | 1,704 | $214 | 0.0 mi |
C 44607 Springwood Sold | $428,200 | 3 | 2 | 1,920 | $223 | 0.3 mi |
D 25311 Chicago Avenue Sold | $460,000 | 3 | 2 | 1,715 | $268 | 0.9 mi |
E 25928 Fairview Sold | $364,000 | 4 | 2 | 1,647 | $221 | 0.8 mi |
F 43767 Seine Court Sold | $475,000 | 3 | 2 | 1,866 | $255 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1988 (36+ years old) and explicitly marketed as a 'project' for 'cash buyers only,' which indicates the property likely has safety, structural, or system defects that prevent traditional financing. The 'as-is' sale and visible exterior neglect confirm it needs a significant rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1704.
The inclusion of a private pool provides a significant lifestyle amenity and value-add for the Hemet area, especially for families and entertainers.
The property comes equipped with solar panels, offering the new owner immediate potential for reduced monthly utility expenses.
Marketed as a 'project' and sold in 'as-is' condition, the property likely requires substantial capital investment to address deferred maintenance or upgrades.
The requirement for cash buyers and a quick close significantly restricts the buyer pool by excluding those who need traditional FHA, VA, or conventional financing.
Calling all cash buyers! Perfect opportunity for anyone who is looking for a project. 4 bedroom 3 bath pool home located on the outskirts of Hemet. SOLAR, Low tax, no HOA. Looking for a quick close, property is sold AS IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,704 | 1,637 | 55% |
| Lot Size | 7,405 | 8,276 | 33% |
| Price | $375.0K | $460.0K | 17% |
| Price per sq ft | $220 | $284 | 15% |
| Built year | 1988 | 1978 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 157 | 2% |
May 28, 2026
$375,000
Initial Listing
Jan 11, 2002
$150,000
Public Record