616 Gibbel Road, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
616 Gibbel Road
Hemet, California 92543
Property Price
SUMMARY
Analysis of 616 Gibbel Road, Hemet, California 92543 reveals a property with a current list price of $250,000, which is 33% above the estimated $186,989 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 Gibbel Road Subject | $250,000* List Price | 2 | 2 | 1,280 | $146 | - |
A 614 Gibbel Road Sold | $277,500 | 2 | 2 | 1,280 | $217 | 0.0 mi |
B 604 Gibbel Pending | $240,580 List Price | 2 | 2 | 1,280 | $188 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property is marketed as an 'investor's dream' and a 'blank canvas,' indicating it requires a full rehabilitation. Built in 1964 with no evidence of recent updates, the interior features outdated and worn components, an unpermitted garage conversion, and visible deferred maintenance. The kitchen and living areas appear to be in original or severely aged condition, requiring substantial repairs and modernization to meet current living standards.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views
The property boasts exceptional panoramic views of the valley and surrounding mountains, providing a high-value aesthetic feature that is rare at this price point.
- Investment Potential
Marketed as an 'investor's dream' and a 'blank canvas,' this home offers significant upside for buyers looking to add value through a complete renovation.
- Strategic Location
Situated on the desirable south side of Hemet, the property offers convenient proximity to major highways, local shopping, and diverse dining options.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3092, other record lot size in square feet = 4791.
- Unpermitted Construction
The garage has been converted into a third bedroom with unknown permits, which could lead to complications with financing, appraisals, and local building code compliance.
- Significant Renovation Needed
Described as a blank canvas requiring transformation, the property likely necessitates a substantial capital investment to address its current condition and modernize the space.
About 616 Gibbel Road
INVESTORS DREAM... This property is a blank canvas on a beautiful area. This is one of Hemet's best PUD community offering beautiful panoramic views of the valley plus all of the local mountains. Conveniently situated on the south side, close to major highways and nearby cities in addition to shopping and dining options. This is a must-see opportunity to transform this property into a true gem with a garage converted into a bedroom. The county records reflect 2 bedrooms however, the home currently features an additional 3rd. bedroom permits unknown.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 3,092 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $190.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,280 | 1,337 | 43% |
| Lot Size | 3,092 | 6,534 | 5% |
| Price | $250.0K | $415.0K | 13% |
| Price per sq ft | $195 | $278 | 11% |
| Built year | 1964 | 1976 | 36% |
| HOA | $190.0 | $0 | 76% |
| Days on market | 2 | 159 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$250,000
Initial Listing
Sold
Jun 22, 2009
$31,500
Public Record
Sold
Apr 28, 2006
$202,000
Public Record
Sold
Jan 10, 2003
$73,500
Public Record
Sold
Dec 24, 1997
$32,000
Public Record