601 Corona Street, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
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Hemet, California 92545
This Updated Senior Residence is listed at $258,000, offering a stable opportunity within the desirable Valle Hermosa 55+ community. Closely aligned with its $237,422 Fair Market Value, the property stands out with a Condition Rating of 3 due to significant upgrades, including a brand-new HVAC system and new neutral tile flooring. Boasting an exceptional $36 annual HOA fee and proximity to Fruitvale Elementary, the home ensures high-value, low-overhead living. It is a perfect fit for Value-Driven Retirees or Owner-Occupants seeking a turnkey, age-restricted sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 Corona Street Subject | $258,000* List Price | 2 | 2 | 882 | $269 | - |
A 1933 Nuevo Sold | $235,000 | 2 | 1 | 827 | $284 | 0.1 mi |
B 2131 Avenida Olivos Sold | $243,000 | 2 | 1 | 1,051 | $231 | 0.2 mi |
C 1991 Nuevo Street Sold | $240,000 | 2 | 1 | 827 | $290 | 0.1 mi |
D 2221 San Bernardo Sold | $200,000 | 2 | 1 | 827 | $242 | 0.2 mi |
E 389 Antigua Sold | $216,000 | 2 | 1 | 820 | $263 | 0.4 mi |
F 2185 San Bernardo Sold | $185,000 | 2 | 1 | 827 | $224 | 0.2 mi |
G 2024 Ortega Court Pending | $275,000 List Price | 2 | 2 | 922 | $298 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property is well-maintained and features significant recent updates including a brand new HVAC system, new tile flooring, and new bathroom faucets. While the kitchen cabinetry and bathroom vanities are aesthetically dated, the home is functional and move-in ready.
With an incredibly low HOA fee of just $36 per year and minimal assessments, this property offers some of the lowest carrying costs in the region, making it ideal for those on a fixed income.
The home features a brand-new central A/C and heating system along with new neutral tile flooring, providing immediate comfort and reducing the need for near-term capital expenditures.
Priced competitively under $260,000 and allowing for ownership by individuals under 55, this move-in-ready home presents a high-value entry point for both investors and seasonal residents.
At only 882 square feet, the interior layout is quite compact, which may feel restrictive for buyers transitioning from larger homes or those requiring significant storage.
Being situated within a 55+ senior community limits the pool of potential residents, which can impact resale liquidity and rental demand compared to standard residential neighborhoods.
Move in ready 2 bedroom / 2 bath home located in Valle Hermosa 55+ senior community. Low HOA ($36 a year) and low assessments $176.34. New neutral tile flooring, brand new central A/C and heating system, and new bathroom faucets. Galley kitchen with gas stove/oven. Inside laundry in kitchen. Front and rear security doors, covered patio. This also makes a great investment and you don't have to be 55+ to own it.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 882 | 1,775 | 7% |
| Lot Size | 3,920 | 6,098 | 12% |
| Price | $258.0K | $455.0K | 8% |
| Price per sq ft | $293 | $247 | 81% |
| Built year | 1982 | 2000 | 16% |
| HOA | $36.0 | $43 | 48% |
| Days on market | 4 | 180 | 0% |
Apr 18, 2026
$258,000
Initial Listing
Jan 13, 2005
$147,000
Public Record