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

511 Madrid Street, Hemet, California 92545 home-pic-0

511 Madrid Street

Hemet, California 92545

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,579Sq Ft
8,276Lot Size

Property Price

LIST PRICE$569,000
EST. MARKET VALUE
$558,386

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

$558,386
Based on Realkey algorithm analyzing recent comparable sales in Hemet.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
511 Madrid Street
Subject
$569,000*
List Price
432,579$217-
A
766 Conlon Drive
Sold
$535,000442,360$2270.3 mi
B
860 Provance Street
Sold
$498,888432,663$1870.4 mi
C
3455 Sugar Maple Court
Sold
$525,000532,446$2150.6 mi
D
3831 Wild Sienna Trail
Sold
$520,000432,673$1950.5 mi
E
517 Louisville
Sold
$475,000432,486$1910.1 mi
F
841 Shiraz
Sold
$535,000332,663$2010.4 mi
G
469 Memphis Court
Active
$571,500
List Price
432,579$2220.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
67%
Baths3.02.0
70%
Square foot2,5791,755
85%
Lot Size8,2766,098
81%
Price$569.0K$447.0K
95%
Price per sq ft$221$247
28%
Built year20002000
50%
HOA$0$43
45%
Days on market65180
5%

Pricing History

Listed for Sale

Jan 1, 2026

$569,000

Initial Listing

Sold

Aug 17, 2012

$175,000

Public Record

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