500 E Thornton Avenue, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
Loading property details...
Hemet, California 92543
This property presents a High-Potential Investment Opportunity with a List Price of $249,000—positioned well below the $226,218 Fair Market Value by -10%. While the home carries a Condition Rating of 5, the 4,792 square foot lot and central HVAC provide a solid foundation for value-add renovations. Located in a 55+ community, this asset offers a unique entry point for Buy-and-Hold Investors or downsizers seeking to modernize a residence in a convenient Hemet location with city light views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Thornton Avenue Subject | $224,900* List Price | 2 | 2 | 1,026 | $219 | - |
A 660 Palmer Drive Sold | $240,000 | 2 | 2 | 1,026 | $234 | 0.1 mi |
B 811 S State Sold | $185,000 | 2 | 1 | 980 | $189 | 0.7 mi |
C 820 S Alessandro Street Sold | $285,000 | 3 | 2 | 1,008 | $283 | 0.7 mi |
D 810 Felipe Sold | $170,000 | 2 | 1 | 980 | $173 | 0.7 mi |
E 200 Vivian Pending | $199,000 List Price | 2 | 1 | 996 | $200 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962, this property is over 60 years old and shows significant signs of aging without proper modernization. The kitchen features heavily dated countertops and cabinets with a cosmetic paint job, the laundry area shows neglect with extensive cobwebs, and the exterior yard is overgrown and requires a full rehab.
Priced at $249,000 following a significant $60,000 price reduction, this property represents a rare and highly affordable entry point for the Southern California region.
The inclusion of central heating and air conditioning is a major asset for the Hemet area, providing immediate comfort and value that many older homes in this price bracket lack.
The generous 4,792 square foot lot offers significant potential for gardening, pets, or private outdoor living, which is a distinct advantage over high-density senior living alternatives.
Being situated in a 55+ community significantly limits the pool of potential buyers, excluding younger families and certain types of investors.
With a build date of 1962, the property may require capital improvements or modernization of older systems to meet contemporary energy efficiency and aesthetic standards.
Welcome to 500 E Thornton Avenue, a charming and affordable 55+ community, single-story home in the heart of Hemet. This well-maintained 2-bedroom, 1.5-bath residence offers 1,026 square feet of comfortable living space on a generously sized 4,792 square foot lot. Featuring a functional floor plan, central heating and air conditioning, and abundant natural light throughout, this home is perfect for first-time buyers, downsizers, or investors seeking a solid opportunity. Step outside to enjoy the spacious yard with plenty of room for gardening, entertaining, pets, or future improvements. Conveniently located near shopping, dining, parks, schools, and everyday amenities, this property offers both comfort and convenience. Whether you’re looking for a place to call home or a smart investment, 500 E Thornton Ave delivers exceptional value and endless potential. Don’t miss this opportunity to own an affordable piece of Southern California real estate.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.3 mi
Grades 7-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,026 | 1,544 |
| Lot Size | 4,792 | 6,970 |
| Price | $224.9K | $446.9K |
| Price per sq ft | $219 | $263 |
| Built year | 1962 | 1988 |
| HOA | $55.0 | $130 |
| Days on market | 35 | 65 |
Jul 18, 2026
$224,900
$239,000
-6% Price Drop
Initial Listing
Jul 2, 2026
$239,000
$249,000
-4% Price Drop
Initial Listing
Jun 19, 2026
$249,000
$309,000
-19% Price Drop
Initial Listing
Jun 17, 2026
$309,000
Initial Listing
May 19, 2016
$103,000
Public Record
Jun 17, 1997
$39,000
Public Record