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

893 Margaret
Hemet, California 92543
Property Price
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
Comparable Sales Map
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 | $265 | - |
A 1026 Val Monte Drive Sold | $340,000 | 2 | 1 | 1,000 | $340 | 0.3 mi |
B 1185 Sapphire Place Sold | $342,000 | 2 | 2 | 1,008 | $339 | 0.7 mi |
C 540 Barber Drive Sold | $225,000 | 2 | 1 | 1,032 | $218 | 0.3 mi |
D 480 W Thornton Avenue Sold | $394,000 | 2 | 2 | 1,101 | $358 | 0.8 mi |
E 653 S Franklin Street Sold | $390,000 | 2 | 2 | 1,111 | $351 | 0.5 mi |
F 552 S Thompson Street Sold | $365,000 | 2 | 2 | 1,073 | $340 | 0.6 mi |
G 892 Margaret Avenue Active | $390,000 List Price | 2 | 2 | 1,204 | $324 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 The kitchen, as seen in the images, is severely outdated with original-style dark wood cabinets, old white appliances, dated laminate countertops, and a fluorescent box light, indicating no major renovations in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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,036 | 1,337 | 20% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $317.6K | $415.0K | 24% |
| Price per sq ft | $307 | $279 | 64% |
| Built year | 1970 | 1976 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 159 | 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


