717 Balsam Way, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
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Hemet, California 92545
This Move-In Ready Single-Story Residence is listed at $399,900, positioned well below the $406,704 Fair Market Value by 1%. This valuation provides $6,804 in Instant Equity for a property maintaining a Fair Condition Rating. Located in the gated Laurel Park community, the home offers a Versatile Dual-Suite Layout and a private backyard patio. Residents benefit from resort-style amenities including a pool, spa, and clubhouse near West Valley High School, Whittier Elementary, and Diamond Valley Middle. This home is an ideal sanctuary for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 717 Balsam Way Subject | $389,900* List Price | 2 | 2 | 1,217 | $329 | - |
A 770 Augusta Street Sold | $405,000 | 2 | 2 | 1,217 | $333 | 0.1 mi |
B 784 Ashley Sold | $415,000 | 3 | 2 | 1,224 | $339 | 0.3 mi |
C 877 Sweetpea Sold | $398,000 | 3 | 2 | 1,346 | $296 | 0.3 mi |
D 780 Alpine Street Sold | $387,000 | 2 | 2 | 992 | $390 | 0.1 mi |
E 2180 Carnation Sold | $396,800 | 2 | 2 | 1,143 | $347 | 0.4 mi |
F 867 Sweetpea Street Active | $479,999 List Price | 3 | 2 | 1,367 | $351 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready, but it aligns with the 'fair' criteria due to its age (built in 1989) and lack of major recent renovations. The kitchen features dated tile countertops and older white appliances, while the bathrooms and flooring (Berber carpet) reflect styles from the original construction period. While functional and clean, the home shows signs of being outdated compared to modern standards.
Located in the Laurel Park community, residents benefit from gated security, a pool, spa, clubhouse, and highly affordable onsite RV parking for approximately $25 per month.
The thoughtfully designed single-story floor plan features both a primary and a junior suite with walk-in closets, providing excellent privacy for guests, extended family, or a home office.
The home is beautifully maintained with soaring ceilings, designer two-tone paint, custom window treatments, and a functional kitchen equipped with a water filtration system.
The assigned elementary and middle schools have lower performance ratings (2 and 3 respectively), which may impact the property's appeal to families prioritizing education.
Built in 1989 and featuring Berber carpeting, the home may require cosmetic updates for buyers seeking a more contemporary aesthetic or modern hard-surface flooring.
Welcome to 717 Balsam Way, a beautifully maintained single-story home nestled in the gated Laurel Park community in Hemet—an all-ages neighborhood offering resort-style amenities and convenient access to shopping, recreation, and entertainment. This thoughtfully designed home features 2 bedrooms and 2 bathrooms with 1,217 square feet of living space, including a spacious primary suite and a private junior suite, making it ideal for guests, extended family, or a home office. The home sits on a 4,792 square foot lot with attractive curb appeal highlighted by a wide driveway, mature shade tree, and easy-care landscaping. Inside, the open floor plan creates a bright and welcoming atmosphere. The entry opens to a light-filled family room with soaring ceilings and a tile fireplace with wood mantle. The living space flows seamlessly into the dining area with sliding glass doors leading to the backyard. The eat-in kitchen offers ample cabinetry, tile countertops, and a water filtration system under the sink. The spacious primary suite features vaulted ceilings, an upgraded ceiling fan, and a walk-in closet. The ensuite bathroom includes dual sinks, a soaking tub, and a separate walk-in shower. Down the hall is a generously sized junior suite with its own walk-in closet. Additional interior highlights include designer two-tone paint, Berber carpet flooring, custom window treatments, and an indoor laundry room with built-in cabinetry. Step outside to a spacious backyard with mature fruit trees, offering a wonderful opportunity to design your own outdoor retreat. Laurel Park residents enjoy gated security and community amenities including a pool, spa, clubhouse, and onsite RV parking available for approximately $25 per month. The location provides convenient access to shopping, dining, and entertainment including Soboba Casino Resort just minutes away. Outdoor enthusiasts will appreciate nearby Diamond Valley Lake Recreation Area. The home is also about 45 minutes to Palm Springs and approximately one hour to Desert Hills Premium Outlets.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,217 | 1,792 | 19% |
| Lot Size | 4,792 | 6,098 | 25% |
| Price | $389.9K | $455.0K | 19% |
| Price per sq ft | $320 | $247 | 91% |
| Built year | 1989 | 2000 | 33% |
| HOA | $118.0 | $43 | 70% |
| Days on market | 48 | 180 | 2% |
Apr 22, 2026
$389,900
$399,900
-3% Price Drop
Initial Listing
Mar 5, 2026
$399,900
Initial Listing
Apr 21, 2023
$348,000
Public Record