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40389 Melrose Avenue, Hemet, California 92544, Hemet, 92544 - 3 bed, 2 bath

40389 Melrose Avenue, Hemet, California 92544 home-pic-0
ACTIVE$449,999
40389 Melrose Avenue, Hemet, California 92544
3Beds
2Baths
1,896Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($449,999) is $0 (0%) lower than the list price ($449,999). This property may be overpriced.

Key pros and cons

Top Pros:
Spacious Living Areas: The home offers approximately 1,896 sq ft of comfortable living space, including two expansive family rooms, providing ample room for relaxation and entertainment.
Top Cons:
Leased Solar System: The solar system is leased at approximately $250/month, which represents an ongoing monthly expense rather than an owned asset, potentially impacting a buyer's budget or financing.

Compared to the nearby listings

Price:$450.0K vs avg $470.0K ($-20,001)33%
Size:1,896 sqft vs avg 1,742 sqft60%
Price/sqft:$237 vs avg $27726%

More Insights

Built in 1964 (61 years old).
Condition: The property, built in 1964, is 60 years old. While described as 'beautifully maintained,' the kitchen is significantly outdated with mint green cabinets, laminate countertops, older built-in appliances (excluding the newer refrigerator), and dated linoleum flooring and fluorescent lighting. The carpets appear clean but are not new. No bathroom images were provided, but it's reasonable to assume they are similarly dated. The home is functional and appears to have been regularly maintained, but it requires substantial cosmetic updates, particularly in the kitchen and likely bathrooms, to align with current styles and buyer expectations.
Year Built
1964
Close
-
List price
$450K
Original List price
$475K
Price/Sqft
$237
HOA
-
Days on market
-
Sold On
-
MLS number
SW25106512
Home ConditionFair
Features
Patio
View-

About this home

Charming Traditional Home with Spacious Living Areas Welcome to this beautifully maintained 3-bedroom, 2-bathroom residence offering approximately 1,896 sq ft of comfortable living space. The home features two expansive family rooms, perfect for relaxation and entertainment. The open-concept kitchen boasts ample cabinetry and an eat-in dining area, ideal for family meals and gatherings. Each bedroom is generously sized, providing plenty of room for rest and personalization. The property includes a spacious backyard with an oversized covered patio featuring skylights, creating an inviting outdoor living space. Additional highlights include a leased solar system at approximately $250/month, promoting energy efficiency. A security system is installed and can be purchased separately. The home's traditional curb appeal is enhanced by a tile roof and easy-care tiered rockscape front yard with a lovely sago palm. Don't miss the opportunity to own this delightful home that combines classic charm with modern conveniences.

Condition Rating
Fair
The property, built in 1964, is 60 years old. While described as 'beautifully maintained,' the kitchen is significantly outdated with mint green cabinets, laminate countertops, older built-in appliances (excluding the newer refrigerator), and dated linoleum flooring and fluorescent lighting. The carpets appear clean but are not new. No bathroom images were provided, but it's reasonable to assume they are similarly dated. The home is functional and appears to have been regularly maintained, but it requires substantial cosmetic updates, particularly in the kitchen and likely bathrooms, to align with current styles and buyer expectations.
Pros & Cons

Pros

Spacious Living Areas: The home offers approximately 1,896 sq ft of comfortable living space, including two expansive family rooms, providing ample room for relaxation and entertainment.
Outdoor Entertainment Space: A spacious backyard features an oversized covered patio with skylights, creating an inviting and functional outdoor living area.
Energy Efficiency: The property benefits from a leased solar system, promoting energy efficiency and potentially reducing utility expenses.
Curb Appeal & Low Maintenance: The home presents traditional curb appeal with a durable tile roof and an easy-care tiered rockscape front yard, enhancing its aesthetic and reducing upkeep.
Functional Kitchen: An open-concept kitchen with ample cabinetry and an eat-in dining area provides a practical and inviting space for daily meals and gatherings.

Cons

Leased Solar System: The solar system is leased at approximately $250/month, which represents an ongoing monthly expense rather than an owned asset, potentially impacting a buyer's budget or financing.
Age of Property: Built in 1964, the 60-year-old home, despite being maintained, may have original systems (e.g., plumbing, electrical) that could require future updates or significant maintenance.
Lack of Cooling System Mention: The property description does not specify the presence of a cooling system (e.g., air conditioning), which is a crucial comfort feature for homes in the Hemet climate.

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