721 S Santa Fe, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Single Family Residence presents a Strong Value Opportunity, listed at $379,901—positioned well above the $347,484 Fair Market Value by -9%. While the property requires a price adjustment to align with market trends, it features a Condition Rating of 4, including a newer roof and water heater. The functional layout, enclosed patio, and no HOA status provide a stable foundation for value-add cosmetic updates. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point in the Hemet Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 S Santa Fe Subject | $377,000* List Price | 2 | 2 | 1,060 | $331 | - |
A 780 Shellie Lane Sold | $399,000 | 2 | 2 | 1,114 | $358 | 0.3 mi |
B 892 Margaret Sold | $392,000 | 2 | 2 | 1,204 | $326 | 0.4 mi |
C 532 Fern Place Sold | $390,000 | 3 | 2 | 1,314 | $297 | 0.2 mi |
D 820 S Alessandro Street Sold | $285,000 | 3 | 2 | 1,008 | $283 | 0.6 mi |
E 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.3 mi |
F 220 S State Street Sold | $275,000 | 3 | 1 | 972 | $283 | 0.8 mi |
G 640 Vista De Loma Sold | $410,000 | 3 | 2 | 1,398 | $293 | 0.5 mi |
H 1000 Lucerne Active Under Contract | $329,999 List Price | 2 | 1 | 1,053 | $313 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is well-maintained with a newer roof (<10y) and water heater (<5y), but the interior remains dated. While functional and move-in ready, the kitchen and bathrooms lack recent modern renovations, and the overall aesthetic reflects its age.
The property features significant mechanical updates, including a roof replaced less than ten years ago and a water heater less than five years old, offering peace of mind and reduced immediate maintenance costs.
The absence of HOA fees combined with a low tax base makes this an exceptionally affordable option for first-time buyers or investors looking to maximize cash flow.
Beyond the standard one-car garage, the property offers an enclosed patio for additional living space and extra driveway room for RV or guest parking, maximizing the utility of the lot.
With 135 days on the market, the property may be facing a stagnation issue, potentially requiring a price adjustment or more aggressive marketing to overcome buyer hesitation.
Built in 1965 with only two bedrooms and 1,060 square feet, the home's vintage layout and limited bedroom count may struggle to compete with larger, more modern floor plans in the same price bracket.
This home features a functional layout with generous living space, two comfortable sized bedrooms, two bathrooms and a well-appointed kitchen. In addition, there is a one car garage and an enclosed patio. There is room for additional parking on the right side of the driveway. The roof was replaced less than ten years ago and the water heater less than 5 years ago. The property is conveniently located near schools, shopping and major commuter routes. No HOA and a low tax base.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,060 | 1,544 |
| Lot Size | 6,098 | 6,970 |
| Price | $377.0K | $446.9K |
| Price per sq ft | $356 | $263 |
| Built year | 1965 | 1988 |
| HOA | $0 | $130 |
| Days on market | 183 | 65 |
Jul 21, 2026
$377,000
$379,901
-1% Price Drop
Initial Listing
Jun 4, 2026
$379,901
$379,900
+0% Price Increase
Initial Listing
Jan 20, 2026
$379,900
Initial Listing