893 Margaret, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath

ACTIVE$317,600
893 Margaret, Hemet, California 92543
2Beds
2Baths
1,036Sqft
6,534Lot
Year Built
1970
Close
-
List price
$318K
Original List price
$318K
Price/Sqft
$307
HOA
-
Days on market
-
Sold On
-
MLS number
IV25259934
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $317.6K(26th), sqft - 1036(21th), beds - 2(42th), baths - 2(50th).
Great Opportunity to own this single-family home built in 1970 featuring 2 bedrooms and 2 bathrooms. ***SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer. ***
Price History
Date
Event
Price
11/13/25
Listing
$317,600
05/22/23
Sold
$390,000
10/22/10
Sold
$80,000
06/15/07
Sold
$245,000
02/03/06
Sold
$247,000
04/30/04
Sold
$178,500
Condition Rating
Poor
Built in 1970, this property is over 50 years old and shows clear signs of significant deferred maintenance and lack of modern updates. The kitchen, as seen in the images, is severely outdated with original-style dark wood cabinets, old white appliances, dated laminate countertops, and a fluorescent box light, indicating no major renovations in decades. The living area features worn, dated carpeting and popcorn ceilings. While the exterior appears somewhat maintained, the interior requires substantial rehabilitation, including updates to major systems (plumbing, electrical, HVAC) and complete cosmetic overhauls. The 'CASH ONLY' transaction requirement and 'auction disclaimers' further suggest an 'as-is' sale condition, typical for properties needing extensive work to be comfortable and up to current standards.
Pros & Cons
Pros
Significant Price Discrepancy: The current list price of $317,600 is notably lower than its last recorded sale price of $390,000 in May 2023, presenting a strong potential for immediate equity or a valuable investment opportunity.
Seller-Paid Liens: The seller's commitment to pay Taxes, HOA, and Municipal/Utility Liens significantly reduces the buyer's upfront costs and potential future liabilities, making the property more attractive financially.
Desirable Property Type & Lot Size: As a single-family residence with a practical 1,036 sqft living space and a generous 6,534 sqft lot, it appeals to a broad range of buyers seeking privacy and outdoor potential.
Functional Layout: The property offers a practical 2-bedroom, 2-bathroom configuration, providing essential functionality and convenience for residents.
Established Neighborhood: Built in 1970, the home is likely situated in an established area of Hemet, benefiting from mature infrastructure and a settled community environment.
Cons
CASH ONLY Transaction: The strict 'CASH ONLY' requirement severely limits the pool of potential buyers, excluding those who rely on traditional mortgage financing and potentially prolonging market time.
Older Construction & Potential Updates: Built in 1970, the property is of an older vintage, suggesting potential needs for updates to major systems (e.g., plumbing, electrical, HVAC) and cosmetic finishes, which could incur significant renovation costs.
Auction/Complex Sale Process: The explicit mention of 'Auction disclaimers' indicates a potentially non-standard or complex sale process, which may deter buyers seeking a straightforward transaction and could imply an 'as-is' condition.

