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

511 Madrid Street, Hemet, California 92545 home-pic-0
ACTIVE$569,000$2,579/sqft
Est. Value: $486,065
-14%
AboveEstimate
511 Madrid Street, Hemet, California 92545
4Beds
3Baths
2,579Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($486,065.06) is $82,934.94 (14%) lower than the list price ($569,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Outdoor Living & Entertainment: The property features a private pool, spa, aluminum-covered patio with ceiling fans, and a fully equipped BBQ island, creating a resort-like backyard perfect for entertaining and relaxation.
Top Cons:
Regional Market Perception: Hemet's real estate market can sometimes face challenges related to public perception, which might influence buyer interest and long-term appreciation compared to neighboring Southern California communities.

Compared to the nearby listings

Price:$569.0K vs avg $452.0K (+$117,000)94%
Size:2,579 sqft vs avg 1,775 sqft86%
Price/sqft:$221 vs avg $24628%

More Insights

Built in 2000 (26 years old).
Condition: The property, built in 2000, is well-maintained with recent cosmetic updates like new paint and carpet, and significant functional upgrades such as a 20-panel solar system and a recently replaced water heater. However, the kitchen features dated white appliances and light wood cabinets, and the bathrooms, while functional, show outdated styles, including carpet in the master bathroom. These elements indicate that while the home is move-in ready, it would benefit from minor aesthetic updates to meet current design preferences, aligning with the 'Fair' condition criteria.
Year Built
2000
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
$221
HOA
-
Days on market
-
Sold On
-
MLS number
SW25275158
Home ConditionFair
Features
Pool
Spa
Patio
ViewNeighborhood

About this home

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 20-panel solar 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.

I
Imelda Manzo
Listing Agent

Price History

Date
Event
Price
08/17/12
Sold
$175,000
Condition Rating
Fair
The property, built in 2000, is well-maintained with recent cosmetic updates like new paint and carpet, and significant functional upgrades such as a 20-panel solar system and a recently replaced water heater. However, the kitchen features dated white appliances and light wood cabinets, and the bathrooms, while functional, show outdated styles, including carpet in the master bathroom. These elements indicate that while the home is move-in ready, it would benefit from minor aesthetic updates to meet current design preferences, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Exceptional Outdoor Living & Entertainment: The property features a private pool, spa, aluminum-covered patio with ceiling fans, and a fully equipped BBQ island, creating a resort-like backyard perfect for entertaining and relaxation.
Significant Energy Efficiency & Modern Upgrades: Boasting a 20-panel solar system, a recently replaced 50-gallon water heater (August 2024), water softener, and Vivint security cameras, the home offers substantial utility savings and enhanced peace of mind.
Flexible & Updated Interior Layout: The interior includes a convenient main-floor bedroom with a 3/4 bath, a large upstairs loft, and recent updates such as new paint and carpet, catering to diverse living arrangements and move-in readiness.
Prime Corner Lot with No HOA: Situated on a generous 8,276 sq ft corner lot, the property offers enhanced privacy and space, coupled with the financial and lifestyle benefits of no Homeowners Association fees or restrictions.
Functional & Stylish Kitchen: The kitchen is well-appointed with an island, granite countertops, and tile flooring, providing a practical and aesthetically pleasing space for cooking and daily use.

Cons

Regional Market Perception: Hemet's real estate market can sometimes face challenges related to public perception, which might influence buyer interest and long-term appreciation compared to neighboring Southern California communities.
Dated Kitchen Appliances: While the kitchen features granite countertops and an island, the mention of 'white appliances' suggests they may not be modern stainless steel, potentially requiring an upgrade for some luxury-minded buyers.
Unspecified HVAC System: The description highlights a fireplace for warmth but does not explicitly mention a central air conditioning system, which is a critical amenity for comfort in Hemet's hot climate and could be a point of concern for potential buyers.
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