511 Madrid Street, Hemet, California 92545, Hemet, 92545 - 4 bed, 3 bath

511 Madrid Street
Hemet, California 92545
Property Price
SUMMARY
Analysis of 511 Madrid Street, Hemet, California 92545 reveals a Fairly Priced Property with a current list price of $569,000 aligned with the estimated $558,386 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 511 Madrid Street Subject | $569,000* List Price | 4 | 3 | 2,579 | $217 | - |
A 766 Conlon Drive Sold | $535,000 | 4 | 4 | 2,360 | $227 | 0.3 mi |
B 860 Provance Street Sold | $498,888 | 4 | 3 | 2,663 | $187 | 0.4 mi |
C 3455 Sugar Maple Court Sold | $525,000 | 5 | 3 | 2,446 | $215 | 0.6 mi |
D 3831 Wild Sienna Trail Sold | $520,000 | 4 | 3 | 2,673 | $195 | 0.5 mi |
E 517 Louisville Sold | $475,000 | 4 | 3 | 2,486 | $191 | 0.1 mi |
F 841 Shiraz Sold | $535,000 | 3 | 3 | 2,663 | $201 | 0.4 mi |
G 469 Memphis Court Active | $571,500 List Price | 4 | 3 | 2,579 | $222 | 0.2 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 well-maintained, featuring recent cosmetic updates such as new paint and carpet, along with a new water heater (2024). While the home was built in 2000, it includes desirable upgrades like granite countertops, a 20-panel solar system, and a resort-style backyard with a pool, spa, and BBQ island. The kitchen's white appliances and the home's age prevent an 'excellent' rating, but the overall condition and system maintenance clearly exceed the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 511 Madrid Street
Discover luxury living at 511 Madrid St. in the charming city of Hemet, CA. Spanning 2,579 square feet on a generous 8,276 sq ft corner lot. The stunning property boasts new paint and carpet, 4 bedrooms, including a convenient main floor bedroom, a large primary bedroom and 2 others upstairs. 2 3/4 bathrooms include a 3/4 bath downstairs, a full bath with double sinks just off the large loft and another full en-suite at the primary bedroom. The kitchen is equipped with an island, granite countertops, white appliances, and tile flooring. The upstairs laundry with a sink adds convenience to your daily routine. The home also includes a water softener system and a 50-gallon water heater which was just replaced in August 2024. Vivint cameras and video doorbell provide security. The family room features a cozy fireplace, perfect for relaxing evenings. This property boasts valuable upgrades including Louvered window shutters, awnings on upstairs windows (side and back) and a solar panel system for enhanced efficiency. Live free from HOA restrictions while enjoying the benefits of a prime corner location. Enjoy resort-style backyard living with a stunning private pool and relaxing spa. After your swim, relax on the aluminum-covered patio with 2 ceiling fans, perfect for outdoor gatherings cooking on a BBQ island equipped with a wine fridge, sink, and side-burner. Privacy is provided by vinyl fencing with side and front gates around the back yard. Don't miss the opportunity to make this beautiful home yours. Schedule a viewing today and experience the perfect blend of comfort, style, and functionality.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 2,579 | 1,755 | 85% |
| Lot Size | 8,276 | 6,098 | 81% |
| Price | $569.0K | $447.0K | 95% |
| Price per sq ft | $221 | $247 | 28% |
| Built year | 2000 | 2000 | 50% |
| HOA | $0 | $43 | 45% |
| Days on market | 65 | 180 | 5% |
Pricing History
Listed for Sale
Jan 1, 2026
$569,000
Initial Listing
Sold
Aug 17, 2012
$175,000
Public Record















































