550 N Soboba, Hemet, California 92544, Hemet, 92544 - 5 bed, 2 bath
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Hemet, California 92544
This property presents a Strong Value Opportunity with a List Price of $650,000—positioned well below the $691,071 Fair Market Value by 5%. This valuation gap offers $41,071 in Instant Equity for buyers. Featuring a Fair Condition Rating with unfinished projects, the 1.12-acre lot offers significant ADU potential and panoramic mountain views. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project with substantial upside in the Hemet Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 N Soboba Subject | $650,000* List Price | 5 | 2 | 3,400 | $203 | - |
A 42040 Acacia Avenue Sold | $539,000 | 3 | 2 | 2,275 | $237 | 0.9 mi |
B 26145 Soboba Active Under Contract | $549,900 List Price | 4 | 2 | 2,526 | $218 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the structure appears to be a newer 2000s build rather than the 1956 record, the interior is dated and contains several 'unfinished projects' visible in photos, including missing kitchen cabinetry components and exposed ceiling wiring. It requires a handyman to complete renovations and minor repairs to be fully functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48787, living area = 3400.
The 1.12-acre corner lot offers significant space and the rare opportunity to build a secondary home or ADU, providing excellent potential for multi-generational living or rental income.
Built by a contractor for personal use, this sprawling 3,400 sqft home features high-quality finishes, spacious rooms, and a modern construction feel that surpasses its recorded age.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3400, other record living area = 1998.
The presence of several unfinished projects requires a buyer with 'handyman' skills or a budget for additional renovations to complete the home's potential.
A significant conflict between the 1956 tax records and the apparent 2000 construction date may create complexities during the appraisal, permitting, or financing process.
1.12 acre corner lot. Records as to age of home MUST be incorrect. House appears to be 2000 construction. Contractors house, so many quality features in this SPRAWLING home. Not that you would need to build a secondary home, not just an ADU, but that option is available for additional income. All rooms are SPACIOUS, and have the finishing touches that you would expect a contractor would do for his own home. Relax in the spacious backyard on your shaded patio. Large secondary garage/shop with second story possible living quarters. So many possibilities. Some unfinished projects remain for the handyman in you. Make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,400 | 1,544 |
| Lot Size | 48,787 | 6,970 |
| Price | $650.0K | $446.9K |
| Price per sq ft | $191 | $263 |
| Built year | 1956 | 1988 |
| HOA | $0 | $130 |
| Days on market | 2 | 65 |
Jul 20, 2026
$650,000
Initial Listing