740 Bahama, Hemet, California 92543, Hemet, 92543 - 3 bed, 2 bath
740 Bahama
Hemet, California 92543
Property Price
SUMMARY
Analysis of 740 Bahama, Hemet, California 92543 reveals a Prime Investment Opportunity with a current list price of $350,000—significantly undercutting the $376,784 Fair Market Value by 7%. This valuation gap indicates a +$26,784 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 740 Bahama Subject | $350,000* List Price | 3 | 2 | 1,798 | $210 | - |
A 1426 Barbados Drive Sold | $310,000 | 3 | 2 | 1,798 | $172 | 0.0 mi |
B 1181 W Westmont Avenue Sold | $310,000 | 2 | 2 | 1,418 | $219 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2001, this property is well-maintained and move-in ready, featuring significant upgrades such as a $30,000 enclosed patio and plantation shutters. The interior boasts updated laminate and ceramic tile flooring, while the kitchen and bathrooms remain functional and stylish with features like a center island, five-burner cooktop, and a primary suite with a separate tub and shower. It meets the criteria for 'good' condition due to its overall upkeep and lack of immediate renovation needs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Community Location
Ideally situated directly across from the clubhouse in the Whispering Palm 55+ gated community, offering convenient access to resort-style amenities and social hubs.
- Significant Recent Upgrades
The property features a recently added $30,000 enclosed patio, providing substantial additional year-round living space and enhanced property value.
- High-End Interior Details
The interior is well-appointed with plantation shutters, bull-nosed corners, and a modern kitchen featuring a central island and five-burner cooktop.
CONSRISKS & DEFICIENCIES
- Low Local School Ratings
The assigned elementary and middle schools carry low ratings (3/10), which may impact the broader area's long-term appreciation and general desirability.
- Recent Price Depreciation
The current listing price of $350,000 is significantly lower than the property's previous sale price of $380,000 in early 2024, suggesting a potential decline in local market value.
About 740 Bahama
Single Story Home in the 55+ Gated Community of Whispering Palm. 3 Bedrooms, 2 Baths. (tax rolls show 3 bdrms but 3rd bdrm was used as a dining rm and would need to be enclosed in 2 areas and a door added but has a closet). Lots of Curb Appeal and located across the street from the Clubhouse. Plantation Shutters and Bull-Nosed Corners thru-out. Ceramic Tiled and Laminate Flooring. Kitchen features Island, 5 Burner Cooktop, D/W, Oven and Pantry. Family Room is open to the Kitchen and has Fireplace. Separate Living Room has Laminate Flooring. Primary Bedroom has two Closets with one being a Walk-In Closet. Primary Bathroom has Double-Sinks with a Vanity, Walk-In Shower and Separate Tub. Guest Bedroom has Walk-In Closet. Interior Individual Laundry Room has Sink. Seller recently spent $30k to Enclose the Patio. Oversized 2-Car Garage with Automatic Roll-Up Door. Low Maintenance Front Yard with Drip Watering System. Low HOA Dues include Pool. Living here is like living in a resort!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $216.0 / Month
Neighborhood Insights
Hemet Unified Schools
Mcsweeny Elementary School
Grades K-5 • 0.2 mi
Diamond Valley Middle School
Grades 6-8 • 0.5 mi
Aspire Community Day
Grades 7-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,798 | 1,343 | 76% |
| Lot Size | 4,356 | 6,534 | 17% |
| Price | $350.0K | $415.0K | 33% |
| Price per sq ft | $195 | $278 | 11% |
| Built year | 2001 | 1977 | 65% |
| HOA | $216.0 | $0 | 98% |
| Days on market | 18 | 159 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$350,000
Initial Listing
Sold
Jan 10, 2024
$380,000
Public Record
Sold
Jun 13, 2017
$230,000
Public Record
Sold
May 11, 2001
$145,000
Public Record