940 Marlyce, Hemet, California 92543, Hemet, 92543 - 2 bed, 2 bath
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Hemet, California 92543
This Single Family Residence is a Strong Value Opportunity, listed at $395,000—positioned well above the $368,267 Fair Market Value by 7%. While priced slightly above market, the property features Major System Upgrades including a brand new roof, HVAC, and water heater, ensuring long-term stability. With No HOA and a Low Tax Rate, this home offers excellent carrying costs. The Condition Rating of 4 reflects a dated interior, providing a canvas for cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a solid, low-maintenance foundation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 Marlyce Subject | $375,000* List Price | 2 | 2 | 1,012 | $344 | - |
A 892 Margaret Sold | $392,000 | 2 | 2 | 1,204 | $326 | 0.2 mi |
B 780 Shellie Lane Sold | $399,000 | 2 | 2 | 1,114 | $358 | 0.2 mi |
C 532 Fern Place Sold | $390,000 | 3 | 2 | 1,314 | $297 | 0.5 mi |
D 1276 E Johnston Ave Sold | $335,000 | 2 | 2 | 1,018 | $329 | 0.1 mi |
E 820 S Alessandro Street Sold | $285,000 | 3 | 2 | 1,008 | $283 | 0.8 mi |
F 640 Vista De Loma Sold | $410,000 | 3 | 2 | 1,398 | $293 | 0.4 mi |
G 893 Margaret Pending | $284,900 List Price | 2 | 2 | 1,036 | $275 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the home features a dated galley kitchen with painted original-style cabinetry and older appliances. While the property boasts excellent updated systems including a brand new roof, HVAC, and water heater, the interior finishes like popcorn ceilings and older flooring indicate it has not had a full cosmetic renovation in over 20 years.
The property features a brand new roof, HVAC system, and hot water heater, along with newer vinyl windows, significantly reducing immediate capital expenditure for the buyer.
Rare for this price point, the home includes a 2-car attached garage, a carport, and a large driveway capable of accommodating up to 6 additional vehicles.
With no HOA fees and a notably low tax rate, this property offers superior long-term affordability and lower monthly payments compared to similar homes in the area.
With only two bedrooms and just over 1,000 square feet of living space, the property may have limited appeal for larger families or those requiring a dedicated home office.
The 1973 construction features a traditional galley kitchen and older architectural style, which may feel restrictive to buyers seeking a modern, open-concept floor plan.
NEW LOWER PRICE......Very cute home with big rooms ready for the next family. 2 Big bedrooms and two full bath rooms. It has a galley kitchen with a nook at the end with plenty of room for the family. You enter into the big open living room. There is a 2 car attached garage with direct house access. You can fit up to 6 cars in the driveway and there is a carport for some more shade. This home has some fruit trees in front. Both front and back yard are a very good size. There is a brand new Roof, HVAC, Hot water heater, and newer vinyl windows. Located close to everything. NO HOA LOW LOW TAX RATE
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,012 | 1,544 |
| Lot Size | 6,098 | 6,970 |
| Price | $375.0K | $446.9K |
| Price per sq ft | $371 | $263 |
| Built year | 1973 | 1988 |
| HOA | $0 | $130 |
| Days on market | 36 | 65 |
Jul 14, 2026
$375,000
$395,000
-5% Price Drop
Initial Listing
Jun 16, 2026
$395,000
Initial Listing
Jul 21, 2008
$125,000
Public Record
Apr 3, 2006
$261,000
Public Record
May 24, 2001
$85,000
Public Record