516 Onyx, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This Single Family Residence represents a Strong Value Opportunity, listed at $365,000—positioned slightly above the $352,052 Fair Market Value. While the price reflects current market stability, the property offers significant upside through its Condition Rating of 3, featuring recent 2023 infrastructure upgrades like new copper plumbing and a water softener. The expansive corner lot with dual-gate RV access provides rare utility for storage or future expansion. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, no-HOA entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Onyx Subject | $365,000* List Price | 2 | 1 | 792 | $445 | - |
A 1115 S Thompson Street Sold | $395,000 | 2 | 1 | 792 | $499 | 0.6 mi |
B 110 W Montrose Sold | $406,500 | 2 | 1 | 989 | $411 | 0.7 mi |
C 608 S Buena Vista Sold | $390,000 | 2 | 1 | 952 | $410 | 0.8 mi |
D 375 Magnolia Cir Sold | $350,000 | 2 | 2 | 904 | $387 | 0.4 mi |
E 621 Palmer Street Active | $340,000 List Price | 2 | 2 | 1,026 | $331 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1971, the property is well-maintained and move-in ready with significant recent system upgrades, including new copper plumbing and a water softener installed in 2023. The interior features newer laminate flooring and central HVAC. Although the kitchen cabinetry and popcorn ceilings are dated, the overall condition is functional and refreshed.
The property features significant 2023 improvements, including new copper plumbing and a water softener system, providing peace of mind and reduced immediate maintenance costs.
Situated on a spacious corner lot, the home offers dual-gate RV access and an expansive backyard, providing rare flexibility for recreational storage or future customization.
The absence of HOA fees and a low tax rate make this an exceptionally affordable entry point for first-time buyers or investors looking to maximize their return on investment.
With only 792 square feet of living space and a single bathroom, the property's small footprint may be restrictive for growing families or those requiring a home office.
Built in 1971, the home may still possess aged structural components or layout limitations typical of its era that were not addressed in the recent cosmetic refresh.
Welcome to this charming refreshed Hemet residence, where comfort, functionality, and opportunity come together on a spacious corner lot. Offering 2 bedrooms and 1 bathroom, this home is an ideal fit for first-time buyers, down-sizers, or investors seeking a versatile property with exceptional outdoor space. Inside, you’ll find thoughtful upgrades throughout, including laminate wood flooring that adds warmth and modern appeal. The home features new copper water plumbing installed throughout in 2023, along with a water softener system added the same year, enhancing both efficiency and everyday living. The bright, open layout is complemented by central heating and air conditioning for year-round comfort, while the direct-access garage with in-unit laundry provides added convenience and practicality. The expansive backyard is a standout feature, showcasing dual-gate RV access and offering endless potential for parking, recreational storage, entertaining, gardening, or future customization to suit your lifestyle. Ideally located in an established Hemet neighborhood close to schools, parks, shopping, dining, and commuter routes, this home delivers both convenience and livability. Enjoy the added benefit of LOW TAXES and NO HOA. A rare opportunity to own a well-appointed property with flexibility and value, don’t miss your chance to make it yours. Schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 792 | 1,410 | 3% |
| Lot Size | 5,663 | 6,534 | 24% |
| Price | $365.0K | $425.0K | 27% |
| Price per sq ft | $461 | $283 | 96% |
| Built year | 1971 | 1977 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 177 | 1% |
May 13, 2026
$365,000
Initial Listing
Sep 29, 2023
$353,000
Public Record