671 Palomar Drive, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
Loading property details...
Hemet, California 92543
This property presents a High-Potential Investment Opportunity with a List Price of $289,900—positioned well below the $294,034 Fair Market Value by 1%. This valuation gap offers $4,134 in Instant Equity. Featuring a Fair Condition Rating (1967 build), the home requires interior modernization, yet offers a flexible layout with unobstructed mountain views. Located in a 55+ community with extensive amenities, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a stable, amenity-rich environment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 671 Palomar Drive Subject | $289,900* List Price | 2 | 2 | 1,418 | $207 | - |
A 1520 Sandlewood Drive Sold | $250,000 | 2 | 2 | 1,437 | $174 | 0.2 mi |
B 650 Rainier Way Sold | $310,000 | 3 | 2 | 1,418 | $219 | 0.1 mi |
C 471 Whitney Sold | $239,900 | 2 | 2 | 1,085 | $221 | 0.3 mi |
D 1461 W Mayberry Sold | $249,900 | 2 | 2 | 1,044 | $239 | 0.2 mi |
E 1380 Teakwood Pending | $259,900 List Price | 2 | 2 | 1,290 | $201 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 (57 years old) with no evidence of major renovations. The bathroom displays highly dated wallpaper, older cabinetry, and vintage fixtures likely exceeding 30 years in age, indicating the home requires a comprehensive interior rehab to meet modern standards.
Located in the desirable Panorama Village, the property offers access to a 9-hole golf course, pickleball, swimming pools, and a gym for a very competitive HOA fee of only $130 per month.
The floor plan features a flexible bonus room and a split-bedroom design with large walk-in closets, providing excellent privacy and multiple options for a home office or hobby space.
The front patio boasts magnificent, unobstructed views of the mountains, significantly enhancing the home's aesthetic appeal and outdoor living experience.
Built in 1967, the property may require updates to its original systems or cosmetic finishes to align with modern standards and buyer preferences.
As a 55+ community residence, the potential buyer pool is limited to a specific demographic, which can impact the speed of resale compared to non-restricted neighborhoods.
Want A LOT for less? Let's start with the fact this home is located in one of the most desirable 55+ communities in Hemet, Panorama Village. The HOA dues are low but include A LOT of amenities like a 9-hole golf course, pickleball, swimming pool, spa's, a gym, activity center, pool hall, poker room, library, auditorium and dog parks. This home's layout also offers A LOT of flexibility with direct access from the garage into a "bonus room" you may envision as your new office, hobby room, den, 3rd bedroom or ? The primary bedroom includes its own full bath and the 2nd Bedroom has direct access to it own 3/4 bathroom. Both bedrooms have large walk-in closets and are located on opposite sides of the home to offer A LOT of privacy. The front patio offers a magnificent unobstructed view of the mountains while the back yard offers A LOT of space for entertaining.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.3 mi
Grades 7-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,418 | 1,544 |
| Lot Size | 4,356 | 6,970 |
| Price | $289.9K | $446.9K |
| Price per sq ft | $204 | $263 |
| Built year | 1967 | 1988 |
| HOA | $130.0 | $130 |
| Days on market | 15 | 65 |
Jul 7, 2026
$289,900
Initial Listing