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640 Rainier, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath

640 Rainier, Hemet, California 92543 home-pic-0
ACTIVE$335,000$1,483/sqft
Est. Value: $334,330
%
FairlyEstimate
640 Rainier, Hemet, California 92543
2Beds
2Baths
1,483Sqft
6,534Lot

Price Vs. Estimate

The estimated value ($334,330.415) is $669.585 (0%) lower than the list price ($335,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive 55+ Community & Amenities: Located in Panorama Village, a 55+ community offering a complimentary 9-hole golf course, heated saltwater pool, clubhouse, fitness center, and various recreational facilities, all maintained by a low HOA.
Top Cons:
Age-Restricted Community: As a 55+ community, the property's target buyer pool is significantly limited, potentially affecting market time and resale value.

Compared to the nearby listings

Price:$335.0K vs avg $418.5K ($-83,500)29%
Size:1,483 sqft vs avg 1,386 sqft57%
Price/sqft:$226 vs avg $28128%

More Insights

Built in 1967 (59 years old).
Condition: The property is move-in ready with fresh paint and new carpet, which are positive cosmetic updates. However, the 1967 build year means major systems could be original. The kitchen features painted older cabinets, dated mosaic tile flooring, and laminate countertops, despite having newer stainless steel appliances. Bathrooms also show updated but dated tile work and painted older vanities. While functional and well-maintained, the overall style and core components of the kitchen and bathrooms are outdated and would require substantial renovation to meet current aesthetic standards, placing it in the 'fair' category.
Year Built
1967
Close
-
List price
$335K
Original List price
$335K
Price/Sqft
$226
HOA
$157
Days on market
-
Sold On
-
MLS number
CV26008918
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

View the video prior to scheduling your showing: https://youtube.com/shorts/mR_GfB5d_oA?feature=share ……. Located within Panorama Village, a 55+ senior golf community in Hemet, this home is clean, well maintained, and move-in ready. The interior has been refreshed with new paint and updated fixtures, creating a bright and comfortable living environment…. The property offers two bedrooms and two full bathrooms, along with a versatile den located near the sunroom area that can easily function as a third bedroom, home office, or hobby space. An oversized two-car attached garage—one of the limited number of homes in the community with this feature—adds valuable storage and convenience. A large yard provides usable outdoor space for everyday enjoyment, gardening, or quiet time outdoors….. Panorama Village is known for its professionally designed 9-hole golf course, available at no cost to residents, with low guest fees. Community amenities include a putting green, heated saltwater pool, clubhouse, jacuzzi, sauna, fitness area, shuffleboard courts, BBQ area, library, and dog parks, all maintained through a low monthly HOA…… The home is centrally located approximately two to three minutes from local shopping, dining, and essential services, offering a convenient and established lifestyle within a well-kept senior community.

L
Luis Sanchez
Listing Agent

Price History

Date
Event
Price
08/24/98
Sold
$93,000
04/27/23
Sold
$325,000
Condition Rating
Fair
The property is move-in ready with fresh paint and new carpet, which are positive cosmetic updates. However, the 1967 build year means major systems could be original. The kitchen features painted older cabinets, dated mosaic tile flooring, and laminate countertops, despite having newer stainless steel appliances. Bathrooms also show updated but dated tile work and painted older vanities. While functional and well-maintained, the overall style and core components of the kitchen and bathrooms are outdated and would require substantial renovation to meet current aesthetic standards, placing it in the 'fair' category.
Pros & Cons

Pros

Exclusive 55+ Community & Amenities: Located in Panorama Village, a 55+ community offering a complimentary 9-hole golf course, heated saltwater pool, clubhouse, fitness center, and various recreational facilities, all maintained by a low HOA.
Move-in Ready Condition: The home is clean, well-maintained, and features a recently refreshed interior with new paint and updated fixtures, providing a comfortable and immediate living environment.
Versatile Living Space: Includes a flexible den adjacent to the sunroom, easily adaptable as a third bedroom, home office, or hobby area, enhancing the home's functionality.
Oversized Two-Car Garage: Features an oversized two-car attached garage, a rare and valuable amenity within the community, offering ample storage and convenience.
Convenient Local Access: Centrally located within minutes of local shopping, dining, and essential services, ensuring an established and convenient lifestyle.

Cons

Age-Restricted Community: As a 55+ community, the property's target buyer pool is significantly limited, potentially affecting market time and resale value.
Original Construction Year (1967): Built in 1967, the property may have original systems (e.g., plumbing, electrical, HVAC) that could require future updates or maintenance, despite cosmetic refreshes.
Geographic Market Perception: Located in Hemet, the property is in a market that may not appeal to all buyers seeking higher-growth or more upscale Southern California locations, potentially impacting appreciation rates.
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