44618 State Highway 74, Hemet, California 92544, Hemet, 92544 - 4 bed, 2 bath
ACTIVE$699,000
44618 State Highway 74, Hemet, California 92544
4Beds
2Baths
1,800Sqft
34,848Lot
Year Built
1956
Close
-
List price
$699K
Original List price
$900K
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
SW25195385
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,6 Pros. Rank: price - $699.0K(92th), sqft - 1800(53th), beds - 4(65th), baths - 2(50th).
2 Single family homes on a .80 acre lot , CPS zoned lot . Front home is a 3 bedroom 1 bath , large open kitchen with an island ,home is aprox 1200 sq feet +/- . Back home is a 1 bedroom 1 bath home aprox 600 sq feet +/- . each home has its own electric meter , Property is fully fenced , Alley access on the right , So if you elect to rent out the back home, you have access off the front gate and or the side gate . APN # 548-092-041 . both homes are detached along with a detached 2 car garage . Come look and make an offer today.
Price History
Date
Event
Price
10/20/25
Price Change
$699,000-12.5%
10/08/25
Price Change
$799,000-11.2%
08/29/25
Listing
$899,900
Condition Rating
Fair
Built in 1956, this property shows a mix of conditions. The front home's kitchen features updated white shaker-style cabinets, a dark countertop island, and recessed lighting, suggesting a renovation within the last 15-30 years. However, the second kitchen is significantly outdated with tile countertops and older cabinets. The bathroom has updated tiling but retains a pedestal sink, indicating a partial renovation. Overall, the property is aged but appears maintained, with functional but outdated major components and systems (e.g., a visible wood-burning stove, implying older heating). It requires minor updates to modernize fully, aligning with the 'Fair' 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 = 34848, living area = 1800.
Multi-Unit Income Potential: The property features two detached single-family homes (3 bed/1 bath and 1 bed/1 bath) with separate electric meters, offering significant rental income or multi-generational living opportunities.
Expansive Lot Size: A substantial .80-acre lot provides ample space, privacy, and potential for future expansion, landscaping, or additional amenities.
Flexible Zoning (CPS): The CPS zoning designation may offer versatile usage options beyond standard residential, potentially increasing long-term value and development flexibility.
Enhanced Privacy & Access: The property is fully fenced with convenient alley access, allowing for independent entry to the rear unit, ideal for rental or separate living arrangements.
Detached Garage & Modern Kitchen Feature: Includes a detached 2-car garage for utility and storage, and the front home boasts a large open kitchen with an island, a desirable modern amenity.
Cons
Significant Overpricing: The current listing price of $699,000 is considerably higher than the property's estimated market value of $542,506, suggesting it may be overpriced relative to current market conditions.
Age of Construction: Built in 1956, the property's age suggests potential for outdated systems, deferred maintenance, or the need for significant updates beyond what is mentioned.
History of Price Reductions: Multiple substantial price drops from an original list price of $899,900 to $699,000 indicate market resistance or an initial overestimation of value, which could affect buyer confidence.