5405 Paseo Famosa, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath

5405 Paseo Famosa
Hemet, California 92545
Property Price
SUMMARY
Analysis of 5405 Paseo Famosa, Hemet, California 92545 reveals a Fairly Priced Property with a current list price of $425,000 aligned with the estimated $429,960 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 |
|---|---|---|---|---|---|---|
★ 5405 Paseo Famosa Subject | $425,000* List Price | 2 | 2 | 1,782 | $241 | - |
A 5136 Via Bajamar Sold | $420,000 | 2 | 2 | 1,851 | $227 | 0.2 mi |
B 1654 Camino Cresta Sold | $438,000 | 2 | 2 | 1,851 | $237 | 0.2 mi |
C 5675 Corte Benisa Sold | $400,000 | 2 | 2 | 1,442 | $277 | 0.3 mi |
D 4510 Ferngreen Sold | $507,500 | 4 | 3 | 2,034 | $250 | 0.5 mi |
E 1525 Corte Alamonte Sold | $380,000 | 2 | 2 | 1,661 | $229 | 0.1 mi |
F 5107 Via Bajamar Sold | $435,000 | 3 | 3 | 2,112 | $206 | 0.3 mi |
G 1436 Via Rojas Pending | $439,000 List Price | 2 | 2 | 1,734 | $253 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2011, this property is well within the 10-20 year age bracket for a 'good' rating. It is move-in ready with a modern open-concept kitchen featuring granite countertops and stainless steel appliances. The home shows pride of ownership with well-maintained tile and upgraded bedroom flooring, plantation shutters, and a fully functional outdoor living space, requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Lot Location
The property backs directly onto the community walking path (Paseo), offering rare privacy, open space views, and immediate access to outdoor recreation within the Solera Diamond Valley community.
- Move-In Ready Upgrades
The home features high-quality finishes including granite countertops, plantation shutters, and stainless steel appliances, with the refrigerator, washer, and dryer included for a seamless transition.
- Versatile Living Space
The 1,782 square foot floor plan is thoughtfully designed with an open-concept layout and a dedicated den/office, providing flexibility for remote work or additional hobby space.
CONSRISKS & DEFICIENCIES
- Age-Restricted Demographic
Located in a 55+ active adult community, the property is limited to a specific buyer demographic, which naturally restricts the potential pool of future purchasers.
- Recurring HOA Expenses
The monthly association fee of $255 represents a significant ongoing carrying cost that must be factored into the buyer's long-term monthly budget.
About 5405 Paseo Famosa
Homes on the Paseo in the 55+ Solera Diamond Valley Community rarely become available — and this is one you don’t want to miss. Backing directly to the community walking path this special lot offers open space, added privacy, and a peaceful setting that truly sets it apart. Beautiful drought-tolerant landscaping creates impressive curb appeal while keeping maintenance simple. Inside, the open-concept floor plan is light, airy, and designed for comfortable everyday living. Tile flooring flows through the main areas, plantation shutters add timeless character, and upgraded flooring warms the bedrooms and den/office. The kitchen is both functional and inviting, featuring stainless steel appliances, granite countertops, a full tile backsplash, bartop seating, and a spacious walk-in pantry. Refrigerator, washer, and dryer are included for a seamless move-in experience. This thoughtfully designed layout offers 2 bedrooms, 2 baths, and a versatile den/office. The primary suite is generously sized with an oversized walk-in closet and a bathroom complete with both a soaking tub and step-in shower. The laundry room includes additional storage cabinets for added convenience. Step outside and enjoy the lifestyle that makes Solera Diamon Valley so desirable. The backyard opens directly to the Paseo and is enhanced by a pergola and California patio cover — perfect for morning coffee, evening gatherings, or simply enjoying the quiet surroundings. The side yard features low-maintenance artificial turf for added flexibility and ease. A rare Paseo location combined with quality upgrades and effortless indoor-outdoor living makes this home stand out in all the right ways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2011
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $255.0 / Month
Neighborhood Insights
Hemet Unified Schools
Harmony Elementary School
Grades K-5 • 1.1 mi
Winchester Elementary School
Grades K-5 • 3.5 mi
Diamond Valley Middle School
Grades 6-8 • 3.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,782 | 1,755 | 53% |
| Lot Size | 5,663 | 6,098 | 39% |
| Price | $425.0K | $445.0K | 43% |
| Price per sq ft | $238 | $247 | 43% |
| Built year | 2011 | 2000 | 88% |
| HOA | $255.0 | $43 | 95% |
| Days on market | 6 | 180 | 0% |
Pricing History
Listed for Sale
Mar 1, 2026
$425,000
Initial Listing
Sold
Oct 18, 2018
$312,000
Public Record
Sold
May 11, 2017
$305,000
Public Record
Sold
Mar 30, 2012
$219,000
Public Record































































