531 S Thompson Street, Hemet, California 92543, Hemet, 92543 - 2 bed, 1 bath
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Hemet, California 92543
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $379,900—positioned well below the $386,385 Fair Market Value by 1.67%. This valuation gap offers $6,485 in Instant Equity for the buyer. Featuring a Brand-New Roof, Remodeled Kitchen, and Fresh Paint, the property maintains an Excellent Condition Rating. With a spacious, private backyard and City Lights View, this home offers a move-in-ready lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a low-maintenance, updated home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 S Thompson Street Subject | $379,900* List Price | 2 | 1 | 884 | $422 | - |
A 1027 Griffith Sold | $400,000 | 3 | 1 | 912 | $439 | 0.3 mi |
B 452 S Harvard Sold | $384,000 | 2 | 2 | 1,081 | $355 | 0.3 mi |
C 424 W Acacia Avenue Sold | $320,000 | 2 | 2 | 880 | $364 | 0.7 mi |
D 832 E Stetson Sold | $355,000 | 2 | 1 | 884 | $402 | 0.7 mi |
E 579 W Mayberry Avenue Sold | $380,000 | 2 | 1 | 942 | $403 | 0.7 mi |
F 548 W Montrose Sold | $400,000 | 3 | 2 | 1,027 | $389 | 0.6 mi |
G 774 Marjorie Sold | $385,000 | 2 | 2 | 1,008 | $382 | 0.6 mi |
H 1113 E Acacia Avenue Sold | $365,000 | 2 | 1 | 1,030 | $354 | 0.4 mi |
I 415 S Carmalita Active Under Contract | $380,000 List Price | 2 | 1 | 925 | $411 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1961, the property has undergone a comprehensive recent renovation (under 5 years) including a brand-new kitchen with new cabinets and appliances, an updated bathroom, and a brand-new roof. The interior and exterior feature fresh paint and modern flooring, meeting the criteria for mint condition and no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 884.
The property features a brand-new roof, a fully remodeled kitchen with new appliances, and fresh interior/exterior paint, ensuring a move-in-ready experience and reduced immediate maintenance costs.
The fully fenced backyard benefits from having no rear neighbors, providing a secluded and quiet outdoor living space that is rare in high-density residential areas.
The property was recently sold within the past year on 2026-04-01. The sold price is $235,000.00.
With only 884 square feet of interior space and two bedrooms, the home may be too small for growing families or buyers requiring a dedicated home office.
The 2-bedroom, 1-bathroom configuration can be a significant drawback for multi-occupant households and may limit the property's competitive edge against homes with a second bath.
Currently eligible for VA and Conventional financing and FHA financing. This home This cozy and quiet home is move-in ready with fresh new paint inside and out feel fresh and almost brand new. Enjoy the updated bathroom and brand-new kitchen featuring new cabinets, countertops, and appliances and maybe best of all a BRAND NEW ROOF was just installed. The home offers 2 bedrooms, 1 bathroom, a spacious living room, and a dining area with access to the enclosed patio and private backyard. The fully fenced backyard has no rear neighbors, giving you extra privacy and comfort. The front porch provides easy access and a welcoming feel. Conveniently located near shopping, dining, and public transit in a great community with plenty of activities. A must-see home in an excellent location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 884 | 1,544 |
| Lot Size | 8,276 | 6,970 |
| Price | $379.9K | $446.9K |
| Price per sq ft | $430 | $263 |
| Built year | 1961 | 1988 |
| HOA | $0 | $130 |
| Days on market | 35 | 65 |
Jun 17, 2026
$379,900
Initial Listing
Apr 1, 2026
$235,000
Public Record
May 8, 2019
$204,000
Public Record
May 22, 2015
$125,000
Public Record
Feb 27, 2013
$84,000
Public Record
Jul 28, 2011
$78,500
Public Record
Jun 20, 2011
$55,000
Public Record