501 Presidents Avenue, Hemet, California 92543, Hemet, 92543 - 3 bed, 3 bath
501 Presidents Avenue
Hemet, California 92543
Property Price
SUMMARY
Analysis of 501 Presidents Avenue, Hemet, California 92543 reveals a Prime Investment Opportunity with a current list price of $475,000—significantly undercutting the $524,485 Fair Market Value by 9%. This valuation gap indicates a +$49,485 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Hemet Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 Presidents Avenue Subject | $475,000* List Price | 3 | 3 | 1,597 | $328 | - |
A 860 Polk Sold | $442,000 | 3 | 2 | 1,337 | $331 | 0.2 mi |
B 775 Sonrisa Sold | $415,000 | 3 | 2 | 1,414 | $293 | 0.1 mi |
C 859 Truman Court Sold | $435,000 | 3 | 2 | 1,337 | $325 | 0.2 mi |
D 601 Presidents Sold | $410,000 | 4 | 2 | 1,414 | $290 | 0.1 mi |
E 833 Empressa Court Sold | $473,000 | 3 | 2 | 1,543 | $307 | 0.4 mi |
F 828 Coramdeo Court Sold | $455,000 | 3 | 2 | 1,543 | $295 | 0.4 mi |
G 769 Harding Active | $429,999 List Price | 3 | 2 | 1,337 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features several key updates, including modern laminate wood flooring throughout and a refreshed kitchen with white cabinetry and stone countertops. While originally built in 1988, the interior presents a clean, updated aesthetic. The bathrooms are functional but standard, and the overall maintenance of the home and the addition of a versatile detached backyard structure justify a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7405, living area = 1597.
- ADU & Bonus Space Potential
The property features a large detached structure in the backyard, offering exceptional versatility for use as a workshop, home office, or potential conversion into an Accessory Dwelling Unit (ADU) to increase long-term value.
- Turnkey Interior Finishes
The home presents a modern and refreshed aesthetic with laminate wood flooring throughout, an open floor plan that maximizes natural light, and a bright kitchen featuring white cabinetry and a breakfast bar.
CONSRISKS & DEFICIENCIES
- Garage-Located Laundry
The washer and dryer hookups are located in the garage rather than an interior laundry room, which may be a convenience drawback for some buyers.
- Standard Bathroom Configurations
The bathrooms feature basic shower/tub combinations that, while functional, may require future updates to meet the expectations of buyers seeking more contemporary or luxury finishes.
About 501 Presidents Avenue
Beautiful 3-bedroom, 2-bath home located in a great area of Hemet — This home has a two-car garage with additional driveway space, offering plenty of parking. Inside, you’ll find laminate wood flooring throughout and an open floor plan that brings in an abundance of natural light. The kitchen features bright white cabinetry, a breakfast bar for additional seating, and a clean, refreshed feel. The bathrooms offer shower/tub combinations, and all bedrooms are generously sized. Additional highlights include a cozy fireplace, gas stove, and washer/dryer gas hookups conveniently located in the garage. The backyard is ideal for entertaining, complete with a barbecue area, patio, and retractable awning. There’s also a large detached structure in the backyard — perfect for a workshop, bonus room, man cave, or even future ADU potential. A solid home with great features and room to make it your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,597 | 1,343 | 69% |
| Lot Size | 7,405 | 6,534 | 65% |
| Price | $475.0K | $415.0K | 70% |
| Price per sq ft | $297 | $279 | 60% |
| Built year | 1988 | 1977 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 159 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$475,000
Initial Listing
Sold
Jul 19, 2023
$439,000
Public Record
Sold
Mar 9, 2021
$355,000
Public Record
Sold
Sep 6, 2013
$147,000
Public Record