893 Margaret, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Single-Family Residential Asset represents a High-Potential Investment Opportunity listed at $317,600, which aligns closely with its $309,800 Fair Market Value. Despite the Condition Rating of 5, the property is priced significantly below its 2023 sale price of $390,000, offering a clear path to forced appreciation. The "CASH ONLY" mandate and deferred maintenance requirements make this a prime candidate for a full renovation. With the seller paying all municipal liens and taxes, this is a high-reward acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 893 Margaret Subject | $317,600* List Price | 2 | 2 | 1,036 | $299 | - |
A 858 Coral Sold | $330,000 | 2 | 2 | 1,034 | $319 | 1.0 mi |
B 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.3 mi |
C 1026 Val Monte Drive Sold | $340,000 | 2 | 1 | 1,000 | $340 | 0.3 mi |
D 540 Barber Drive Sold | $225,000 | 2 | 1 | 1,032 | $218 | 0.3 mi |
E 721 S Santa Fe Active | $379,900 List Price | 2 | 2 | 1,060 | $358 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1970, this property is listed as a 'CASH ONLY' transaction, which in real estate typically indicates significant deferred maintenance or defects that prevent the home from meeting traditional financing safety and habitability standards. The listing analysis confirms potential deferred maintenance and the need for significant updates to modern standards.
The seller has committed to paying all outstanding taxes, HOA fees, and municipal/utility liens, providing a cleaner title and reduced closing complications for the buyer.
Listed at $317,600, the property is priced significantly below its 2023 sale price of $390,000, offering substantial equity potential for an opportunistic buyer.
The property sits on a 6,534 square foot lot, providing ample outdoor space for landscaping or potential improvements compared to many high-density residential options.
The requirement for a cash-only transaction significantly limits the potential buyer pool by excluding those reliant on traditional mortgage financing.
Given the 1970 construction year and the cash-only mandate, the property likely requires significant updates or repairs to meet modern standards or traditional lending requirements.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,036 | 1,372 | 23% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $317.6K | $420.0K | 20% |
| Price per sq ft | $307 | $290 | 59% |
| Built year | 1970 | 1977 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 160 | 177 | 40% |
Nov 13, 2025
$317,600
Initial Listing
May 22, 2023
$390,000
Public Record
Oct 22, 2010
$80,000
Public Record
Jun 15, 2007
$245,000
Public Record
Feb 3, 2006
$247,000
Public Record
Apr 30, 2004
$178,500
Public Record