717 Balsam Way, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
717 Balsam Way
Hemet, California 92545
Property Price
SUMMARY
Analysis of 717 Balsam Way, Hemet, California 92545 reveals a Fairly Priced Property with a current list price of $399,900 aligned with the estimated $406,703 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 717 Balsam Way Subject | $399,900* List Price | 2 | 2 | 1,217 | $334 | - |
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 2180 Carnation Sold | $396,800 | 2 | 2 | 1,143 | $347 | 0.4 mi |
D 877 Sweetpea Sold | $398,000 | 3 | 2 | 1,346 | $296 | 0.3 mi |
E 780 Alpine Street Sold | $387,000 | 2 | 2 | 992 | $390 | 0.1 mi |
F 1093 Lilac Active | $409,900 List Price | 2 | 2 | 1,264 | $324 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 While functional and clean, the home shows signs of being outdated compared to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community Amenities
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.
- Versatile Dual-Suite Layout
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.
- Turnkey Interior Features
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.
CONSRISKS & DEFICIENCIES
- Low School Ratings
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.
- Dated Interior Elements
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.
About 717 Balsam Way
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $118.0 / Month
Neighborhood Insights
Hemet Unified Schools
Whittier Elementary School
Grades K-5 • 0.9 mi
Diamond Valley Middle School
Grades 6-8 • 1.6 mi
West Valley High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,217 | 1,752 | 19% |
| Lot Size | 4,792 | 6,098 | 25% |
| Price | $399.9K | $445.0K | 28% |
| Price per sq ft | $329 | $247 | 91% |
| Built year | 1989 | 1999 | 35% |
| HOA | $118.0 | $43 | 71% |
| Days on market | 2 | 180 | 0% |
Pricing History
Listed for Sale
Mar 5, 2026
$399,900
Initial Listing
Sold
Apr 21, 2023
$348,000
Public Record