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

893 Margaret, Hemet, California 92543 home-pic-0

893 Margaret

Hemet, California 92543

ACTIVE
CONDITION: POOR
2Beds
2Baths
1,036Sq Ft
6,534Lot Size

Property Price

LIST PRICE$317,600
EST. MARKET VALUE
$274,690
13% AboveMARKET VALUE

SUMMARY

Analysis of 893 Margaret, Hemet, California 92543 reveals a property with a current list price of $317,600, which is 13% above the estimated $274,690 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$274,690
Based on Realkey algorithm analyzing recent comparable sales in Hemet.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
893 Margaret
Subject
$317,600*
List Price
221,036$265-
A
1026 Val Monte Drive
Sold
$340,000211,000$3400.3 mi
B
1185 Sapphire Place
Sold
$342,000221,008$3390.7 mi
C
540 Barber Drive
Sold
$225,000211,032$2180.3 mi
D
480 W Thornton Avenue
Sold
$394,000221,101$3580.8 mi
E
653 S Franklin Street
Sold
$390,000221,111$3510.5 mi
F
552 S Thompson Street
Sold
$365,000221,073$3400.6 mi
G
892 Margaret Avenue
Active
$390,000
List Price
221,204$3240.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

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 The kitchen, as seen in the images, is severely outdated with original-style dark wood cabinets, old white appliances, dated laminate countertops, and a fluorescent box light, indicating no major renovations in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.

PROSSTRENGTHS & OPPORTUNITIES

  • 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.

CONSRISKS & DEFICIENCIES

  • 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.

About 893 Margaret

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. ***

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1970
Lot Size
6,534 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
41%
Baths2.02.0
50%
Square foot1,0361,337
20%
Lot Size6,5346,534
50%
Price$317.6K$415.0K
24%
Price per sq ft$307$279
64%
Built year19701976
41%
HOA$0$0
50%
Days on market114159
25%

Pricing History

Listed for Sale

Nov 13, 2025

$317,600

Initial Listing

Sold

May 22, 2023

$390,000

Public Record

Sold

Oct 22, 2010

$80,000

Public Record

Sold

Jun 15, 2007

$245,000

Public Record

Sold

Feb 3, 2006

$247,000

Public Record

Sold

Apr 30, 2004

$178,500

Public Record

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