840 S. Gilbert St., Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
840 S. Gilbert St.
Hemet, California 92543
Property Price
SUMMARY
Analysis of 840 S. Gilbert St., Hemet, California 92543 reveals a property with a current list price of $279,000, which is 21% above the estimated $230,544 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 |
|---|---|---|---|---|---|---|
★ 840 S. Gilbert St. Subject | $279,000* List Price | 2 | 2 | 1,008 | $229 | - |
A 1461 W Mayberry Sold | $249,900 | 2 | 2 | 1,044 | $239 | 0.8 mi |
B 880 S Ramona Street Sold | $207,500 | 2 | 1 | 996 | $208 | 0.1 mi |
C 681 Shasta Way Sold | $245,000 | 2 | 2 | 1,116 | $220 | 0.6 mi |
D 540 Barber Drive Sold | $225,000 | 2 | 1 | 1,032 | $218 | 0.7 mi |
E 1561 W Wesley Place Sold | $295,000 | 2 | 2 | 1,152 | $256 | 0.8 mi |
F 621 Shasta Way Sold | $260,000 | 2 | 2 | 1,197 | $217 | 0.7 mi |
G 890 S Inez St. Street Active | $218,900 List Price | 2 | 2 | 996 | $220 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, this property shows its age, but has received some updates. The living areas feature modern wood-look tile flooring, and at least one bathroom has been nicely updated with contemporary tiling and a walk-in shower. However, the kitchen is significantly dated with older cabinets, basic countertops, and an outdated fluorescent light fixture, requiring substantial modernization. While functional and maintained, the home needs minor updates, especially in the kitchen, to meet current aesthetic and quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Targeted Senior Community
The property is part of a 55+ senior community, offering a lifestyle specifically tailored to seniors with a safe, social, and vibrant atmosphere.
- Extensive Community Amenities
Residents benefit from a wide array of amenities including a clubhouse, fitness center, swimming pool, landscaped common areas, and walking paths, fostering an active and engaging lifestyle.
- Convenient Location
Situated in a peaceful neighborhood with easy access to essential services such as shopping, healthcare, and entertainment, enhancing daily convenience for residents.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1962, the home is over 60 years old, which may imply the need for updates to systems (e.g., plumbing, electrical, HVAC) or interior aesthetics to meet modern preferences.
- Modest Square Footage
At 1,008 square feet, the home offers a relatively compact living space, which might be a limitation for buyers desiring more expansive interiors or additional rooms.
- Recent Price Reduction
The property has undergone a price reduction from $295,000 to $279,000, which could suggest a longer market time or initial overpricing, potentially leading to buyer scrutiny.
About 840 S. Gilbert St.
This Charming Senior Community Offers a comfortable Two- Bedroom , two bath home spanning approximately 1,008 square feet on a 3,920 square foot lot. The open floor plan features bright inviting spaces , including a private master suite and versatile second bedroom. Residents enjoy amenities such as Landscaped common areas, Walking paths, a clubhouse, fitness center, and swimming pool, fostering an active and social lifestyle.Located in a peaceful neighborhood with easy access to shopping , healthcare, and entertainment, this community provides a safe , low - maintenance environment perfect for seniors seeking comfort , convenience, and a vibrant community atmosphere (55+) sun park
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,008 | 1,337 | 16% |
| Lot Size | 3,920 | 6,534 | 11% |
| Price | $279.0K | $415.0K | 16% |
| Price per sq ft | $277 | $278 | 49% |
| Built year | 1962 | 1976 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 307 | 162 | 89% |
Pricing History
Listed for Sale
Aug 5, 2025
$279,000
Initial Listing
Price Change
May 5, 2025
$295,000
Initial Listing