3733 Cougar Canyon Road, Hemet, California 92545, Hemet, 92545 - 4 bed, 2 bath

3733 Cougar Canyon Road, Hemet, California 92545 home-pic-0
ACTIVE$469,000
3733 Cougar Canyon Road, Hemet, California 92545
4Beds
2Baths
1,430Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($409,536.23) is $59,463.77 (12%) lower than the list price ($469,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1430.
Top Cons:
4th Bedroom Functionality: The 4th bedroom, while noted by the builder, lacks a closet, which may limit its use as a traditional bedroom and could impact appraisal or resale value.

Compared to the nearby listings

Price:$469.0K vs avg $450.0K (+$19,000)58%
Size:1,430 sqft vs avg 1,769.5 sqft29%
Price/sqft:$328 vs avg $24990%

More Insights

Built in 1994 (31 years old).
Condition: The property was built in 1994, making it 30 years old. While it appears well-maintained and has had some cosmetic updates like painted kitchen and bathroom cabinets, many core features are dated. The kitchen features original-style white tile countertops and a fluorescent box light fixture, along with white appliances that are functional but not modern. The bathrooms also show dated elements such as speckled countertops, basic light fixtures, and a fiberglass/acrylic shower surround. Flooring consists of tile in main areas and carpet in bedrooms, which appear clean but not recently upgraded to modern styles. The description notes ceiling fans but a potential lack of central cooling, which is a significant factor. Overall, the home is functional and move-in ready but shows its age and would benefit from updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Year Built
1994
Close
-
List price
$469K
Original List price
$480K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
IG25174602
Home ConditionFair
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

You can assume the existing FHA loan with a FIXED 4.99% interest rate and payments about $3300/month. Call for Details! Check out this super affordable 4 bedroom, 2 bathroom single story home located close to West Valley High School and Harmony Elementary in Hemet. As you enter the home, you are greeted by the spacious living room with high ceilings and a fireplace. The living room will lead you to the dining room and kitchen that feature tile flooring, a walk in pantry, ample cabinet and counter top space, and a slider door that leads you to the covered back patio and spacious back yard. All of the bedrooms are down the hall from the living room. There is a double door entry to the 4th bedroom, this room is noted as a bedroom by the builder and does not have a closet and could be used as a bedroom or an office area. All the bedrooms are good sized and have ceiling fans. The primary bedroom features a walk in closet with mirrored closet doors. There is a private bath in the primary with a step in shower and double sinks. There is a 2nd full bath in the hall. You'll love the huge backyard! The covered patio reaches the length of the house, and there is a gated dog run on the side. Have an electric car? There is a Tesla charger installed in the garage! Save money with low taxes and no HOA. Plan your visit today!

Condition Rating
Fair

The property was built in 1994, making it 30 years old. While it appears well-maintained and has had some cosmetic updates like painted kitchen and bathroom cabinets, many core features are dated. The kitchen features original-style white tile countertops and a fluorescent box light fixture, along with white appliances that are functional but not modern. The bathrooms also show dated elements such as speckled countertops, basic light fixtures, and a fiberglass/acrylic shower surround. Flooring consists of tile in main areas and carpet in bedrooms, which appear clean but not recently upgraded to modern styles. The description notes ceiling fans but a potential lack of central cooling, which is a significant factor. Overall, the home is functional and move-in ready but shows its age and would benefit from updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1430.
Assumable FHA Loan: The property offers a significant financial advantage with an assumable FHA loan at a fixed 4.99% interest rate, providing substantial savings in the current market.
Low Ownership Costs: Benefits from low property taxes and no Homeowners Association (HOA) fees, reducing monthly expenses for the homeowner.
EV Charging Station: Equipped with a Tesla charger in the garage, catering to electric vehicle owners and adding modern convenience.
Spacious Backyard: Features a large backyard with a covered patio spanning the length of the house and a gated dog run, ideal for outdoor living and pets.
Family-Friendly Location: Conveniently located close to West Valley High School and Harmony Elementary, appealing to families with school-aged children.

Cons

4th Bedroom Functionality: The 4th bedroom, while noted by the builder, lacks a closet, which may limit its use as a traditional bedroom and could impact appraisal or resale value.
Potential Lack of Central Cooling: The description mentions ceiling fans but does not specify a central air conditioning system, which could be a significant drawback in Hemet's warm climate.
Price Reduction History: The property has undergone multiple price reductions since its initial listing, which may indicate challenges in market valuation or buyer interest.

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