771 S Thompson, 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 with a List Price of $394,900—positioned above the $369,281 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a clean, functional layout with a Spacious Open Floor Plan and a Cozy Fireplace. Located in a non-restricted community within the Hemet Unified district, this home offers a versatile foundation for value-add renovations. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 771 S Thompson Subject | $394,900* List Price | 2 | 2 | 1,233 | $299 | - |
A 892 Margaret Sold | $392,000 | 2 | 2 | 1,204 | $326 | 0.3 mi |
B 780 Shellie Lane Sold | $399,000 | 2 | 2 | 1,114 | $358 | 0.2 mi |
C 1041 Street Whittier Avenue Sold | $305,000 | 3 | 2 | 1,253 | $243 | 0.2 mi |
D 532 Fern Place Sold | $390,000 | 3 | 2 | 1,314 | $297 | 0.2 mi |
E 820 S Alessandro Street Sold | $285,000 | 3 | 2 | 1,008 | $283 | 0.5 mi |
F 695 S Santa Fe Sold | $350,000 | 4 | 2 | 1,532 | $228 | 0.2 mi |
G 721 S Santa Fe Active | $379,901 List Price | 2 | 2 | 1,060 | $358 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the home is over 60 years old and shows significant dating. The kitchen and bathrooms feature older tile countertops, vintage cabinetry, and appliances that appear to be 20-30+ years old. While the property is clean and functional, it requires cosmetic updates and likely modernization of aging systems to meet current standards.
Unlike many properties in the Hemet area restricted to 55+ residents, this home has no age restrictions, making it a versatile option for first-time buyers and young families.
The 1,233 sqft floor plan is well-utilized with an open flow between the kitchen, dining, and living areas, complemented by a cozy fireplace for an inviting atmosphere.
The home features a generously sized primary bedroom with its own dedicated bathroom, providing a level of privacy and convenience often sought after in this price bracket.
Built in 1962, the property may require modern updates to its core systems or cosmetic finishes to meet contemporary buyer expectations.
With only two bedrooms, the property may face challenges in attracting larger families or buyers requiring additional space for a home office or guest room.
Welcome to this charming 2 bedroom 2 bathroom home offering comfort, warmth and an inviting floor plan. The spacious living area features a cozy fireplace, creating the perfect place to relax, gather or entertain. The open floor plan flows seamlessly into the dinning area and kitchen, providing a bright and airy feel throughout the home. The generously sized bedrooms offer privacy and comfort, with the primary bedroom featuring its own bathroom. Whether you're enjoying a quiet evening by the fire or hosting family and friends, this home is designed for easy living. Located in a welcoming community with no age restrictions, this home is an excellent opportunity for first time buyers, families, downsizes, or anyone looking for a place to call home. Don't miss your chance to make this delightful home your own!
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 | 1,233 | 1,544 |
| Lot Size | 6,098 | 6,970 |
| Price | $394.9K | $446.9K |
| Price per sq ft | $320 | $263 |
| Built year | 1962 | 1988 |
| HOA | $0 | $130 |
| Days on market | 26 | 65 |
Jun 26, 2026
$394,900
Initial Listing
Jan 8, 2010
$77,500
Public Record
Sep 13, 2004
$209,500
Public Record