621 S Palm Avenue E, Hemet, California 92543, Hemet, 92543 - 1 bed, 1 bath
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Hemet, California 92543
This Turnkey 55+ Condominium represents a Strong Value Opportunity, listed at $149,000—positioned well below the $159,010 Fair Market Value by 6%. This valuation gap offers $10,010 in Instant Equity for the buyer. Featuring a Mint Condition Rating with new LVP flooring and a renovated kitchen, this home offers a low-maintenance lifestyle with access to a pool, spa, and clubhouse. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, age-restricted sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 621 S Palm Avenue E Subject | $149,000* List Price | 1 | 1 | 823 | $193 | - |
A 603 S Palm Ave A Sold | $164,000 | 1 | 1 | 821 | $200 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1969, the property has undergone a comprehensive recent renovation (likely <2 years). It features new LVP flooring, fresh paint, and a modernized kitchen with new stainless steel appliances, sink, and hardware. The bathroom is updated with a walk-in shower, and the overall condition is mint and move-in ready.
The property is move-in ready featuring modern upgrades such as new LVP flooring, fresh paint, and a renovated kitchen with stainless steel appliances, saving the buyer immediate renovation costs.
The association fee covers essential utilities including water, trash, and gas, while providing access to extensive community features like a pool, spa, clubhouse, and shuffleboard.
Priced competitively at $149,000 in a low-tax area, this condo offers a highly accessible entry point for seniors looking for a low-maintenance lifestyle.
Being situated in a 55+ community significantly limits the pool of potential buyers and renters, which can impact future resale liquidity.
With only one bedroom and 823 square feet, the property may feel restrictive for those requiring additional space for guests, hobbies, or a home office.
Remodeled and move-in ready, this 1 bed/1 bath condo in the desirable Rosewood Villas 55+ community checks every box. Enjoy 823 sq ft of open light-filled living space featuring new LVP flooring, fresh paint, and new baseboards throughout. The updated kitchen includes a new sink, faucet, hardware, and stainless steel appliances. A large bathroom with walk-in shower adds to the comfort, while the private patio provides direct access to your attached garage. HOA covers water, trash, gas, and all community amenities — pool, spa, clubhouse, pool table, shuffleboard, and horseshoe area. Low tax area. A rare opportunity in a sought-after community!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 823 | 1,220.5 | 17% |
| Lot Size | 1,742 | - | 67% |
| Price | $149.0K | $201.2K | 17% |
| Price per sq ft | $181 | $189 | 50% |
| Built year | 1969 | 1972 | 50% |
| HOA | $417.0 | $378 | 83% |
| Days on market | 29 | 129 | 17% |
May 8, 2026
$149,000
Initial Listing
Mar 31, 2010
$20,000
Public Record