508 Louisville Street, Hemet, California 92545, Hemet, 92545 - 4 bed, 3 bath
ACTIVE UNDER CONTRACT$464,950
508 Louisville Street, Hemet, California 92545
4Beds
3Baths
2,797Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($411,373.93) is $53,576.07 (11%) lower than the list price ($464,950). This property may be overpriced.
Key pros and cons
Top Pros:
Energy Efficiency & Modern Systems: Equipped with a Sunrun solar system and a whole-house water filtration system, offering long-term utility savings and enhanced living quality.
Top Cons:
Short Sale Transaction: The 'APPROVED SHORT SALE' status indicates a potentially complex and prolonged closing process, which can deter some buyers due to increased uncertainty and timelines.
Compared to the nearby listings
Price:$464.9K vs avg $450.0K (+$14,950)57%
Size:2,797 sqft vs avg 1,775.5 sqft93%
Price/sqft:$166 vs avg $2491%
More Insights
Built in 2000 (25 years old).
Condition: The property was built in 2000, making it 24 years old. While it features granite countertops in the kitchen and a soaking tub in the master, the overall style of the kitchen cabinets, fluorescent lighting, and some bathroom finishes (e.g., vinyl flooring, dated wallpaper border) appear original or from an earlier renovation, showing signs of being outdated. The carpet on the stairs also shows wear. The home is functional and well-maintained, but requires minor cosmetic updates to align with current styles, especially in the kitchen and bathrooms.
Year Built
2000
Close
-
List price
$465K
Original List price
$539K
Price/Sqft
$166
HOA
-
Days on market
-
Sold On
-
MLS number
25520519
Home ConditionFair
Features
Patio
View-
About this home
** APPROVED SHORT SALE ** Beautiful 4-Bedroom Home on Corner Lot in Quiet West Hemet Residential Neighborhood! This 2-story stunner features a modern open-concept layout. Living room w/ tiled fireplace & ceiling fan. Kitchen w/ granite countertops, center island/dine-in bar, & walk-in pantry. Adjacent dining area. Huge upstairs loft area. Master Bedroom Suite w/ sitting area, walk-in closet, & soaking tub. Large beautifully landscaped backyard w/ grassy area - perfect for entertaining! Full perimeter vinyl fencing. Laundry room w/ plenty of storage. Central AC + heat. Sunrun solar system. Whole house water filtration system. 2-car garage. Just minutes to the best shopping, dining, & entertainment the area has to offer.
Condition Rating
Fair
The property was built in 2000, making it 24 years old. While it features granite countertops in the kitchen and a soaking tub in the master, the overall style of the kitchen cabinets, fluorescent lighting, and some bathroom finishes (e.g., vinyl flooring, dated wallpaper border) appear original or from an earlier renovation, showing signs of being outdated. The carpet on the stairs also shows wear. The home is functional and well-maintained, but requires minor cosmetic updates to align with current styles, especially in the kitchen and bathrooms.
Pros & Cons
Pros
Energy Efficiency & Modern Systems: Equipped with a Sunrun solar system and a whole-house water filtration system, offering long-term utility savings and enhanced living quality.
Spacious & Versatile Interior: Features 4 bedrooms, 3 baths, a generous 2797 sqft, an open-concept layout, and a huge upstairs loft, providing ample living and flexible space.
Upgraded Kitchen & Master Suite: Boasts a modern kitchen with granite countertops, a center island/dine-in bar, and a walk-in pantry, alongside a master suite with a sitting area, walk-in closet, and soaking tub.
Desirable Corner Lot & Landscaping: Situated on a corner lot in a quiet residential neighborhood, featuring a large, beautifully landscaped backyard with a grassy area, ideal for entertaining, and secured by full perimeter vinyl fencing.
Convenient Local Amenities: Located just minutes from the area's best shopping, dining, and entertainment, enhancing daily convenience and lifestyle.
Cons
Short Sale Transaction: The 'APPROVED SHORT SALE' status indicates a potentially complex and prolonged closing process, which can deter some buyers due to increased uncertainty and timelines.
History of Price Reductions: Multiple significant price drops from the original list price suggest market resistance or initial overpricing, potentially raising buyer concerns about the property's true market value.
Lack of Scenic Views: The property explicitly states 'view: None,' which might be a disadvantage in a market where scenic views are a common or desired amenity, potentially limiting its appeal to certain buyers.