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604 Gibbel, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath

604 Gibbel, Hemet, California 92543 home-pic-0
ACTIVE$261,500
604 Gibbel, Hemet, California 92543
2Beds
2Baths
1,280Sqft
3,920Lot
Year Built
1964
Close
-
List price
$262K
Original List price
$262K
Price/Sqft
$204
HOA
$190
Days on market
-
Sold On
-
MLS number
SW25266667
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $261.5K(13th), sqft - 1280(41th), beds - 2(43th), baths - 2(50th).

** HUD Home in West Hemet **Do not miss the opportunity to purchase the buy of the year! This is the lowest priced home in the neighborhood. This is a 2 bedroom, 1 1/2 bath home with 1 car attached garage, Open living room, Cozy dining room, Laundry area, Covered rear patio and more! A perfect place to call home. Conveniently located off State Street. and Gibbel Road, close proximity to shopping, public transportation and nearby schools. Come see this house, make an offer and make this your home today! Best of all, this property has available FHA financing, and the sale is restricted for the next 15 days to owner occupants! Beat the investors, and buy the best deal in Hemet today! LBP ** All HUD Homes are Sold AS-IS**

Price History

Date
Event
Price
11/26/25
Listing
$261,500
Condition Rating
Poor
The property, built in 1964, is 60 years old and exhibits significant deferred maintenance and extreme aging throughout. The kitchen features original-style wood cabinets, laminate countertops, and older white appliances, all requiring full replacement. The bathroom is equally outdated with a tiled vanity, old fixtures, and dated lighting. Throughout the home, there is heavily stained and worn carpet, peeling paint/wallpaper, and dated light fixtures. The 'Sold AS-IS' disclosure and the presence of Lead-Based Paint (LBP) further indicate that substantial repairs and rehabilitation are necessary across all major components and finishes to bring the property to a modern, comfortable, and safe living standard.
Pros & Cons

Pros

Competitive Market Positioning: Advertised as the 'lowest priced home in the neighborhood' and 'buy of the year,' suggesting a strong value proposition for the right buyer.
FHA Financing Availability: Enhances accessibility for a broader range of buyers, particularly first-time homeowners, by offering FHA financing.
Owner-Occupant Advantage: A 15-day exclusive period for owner-occupants reduces investor competition, favoring primary residence buyers.
Convenient Location: Situated close to shopping, public transportation, and schools, offering practical daily convenience.
Functional Features: Includes a 1-car attached garage, dedicated laundry area, and a covered rear patio, adding practical utility and outdoor living space.

Cons

Sold 'As-Is' Condition: Being a HUD home sold 'as-is' implies potential for significant deferred maintenance, requiring buyer investment for repairs and upgrades.
Age and Associated Concerns: Built in 1964, the property is 60 years old, suggesting outdated systems, finishes, and the disclosed presence of Lead-Based Paint (LBP) which requires careful consideration.
Valuation Discrepancy: The listing price is significantly higher (28%) than the provided property estimation, which could lead to appraisal challenges and impact financing options, despite claims of being the 'lowest priced.'

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