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40539 Stetson Avenue, Hemet, California 92544, Hemet, 92544 - 4 bed, 3 bath

40539 Stetson Avenue, Hemet, California 92544 home-pic-0
ACTIVE UNDER CONTRACT$455,000
40539 Stetson Avenue, Hemet, California 92544
4Beds
3Baths
2,323Sqft
33,541Lot

Price Vs. Estimate

The estimated value ($324,992.355) is $130,007.645 (28%) lower than the list price ($455,000). 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 = 33541, living area = 2323.
Top Cons:
As-Is Sale Condition: Sold strictly 'as-is' with no seller repairs or warranties, indicating that buyers should anticipate immediate and potentially substantial investment for necessary renovations and upgrades.

Compared to the nearby listings

Price:$455.0K vs avg $470.0K ($-15,000)42%
Size:2,323 sqft vs avg 1,742 sqft79%
Price/sqft:$196 vs avg $2778%

More Insights

Built in 1954 (71 years old).
Condition: Built in 1954, this property is being sold 'as-is' and requires substantial repairs and rehabilitation. The kitchen features severely outdated appliances (including a yellow refrigerator), old laminate countertops, dated white cabinets, and checkered linoleum flooring. Bathrooms are equally outdated with basic vanities and fixtures. Other areas show green shag carpet and wood paneling, indicating a complete lack of modern updates. Major systems and finishes likely require extensive replacement to meet current standards, aligning with the 'poor' condition criteria.
Year Built
1954
Close
-
List price
$455K
Original List price
$500K
Price/Sqft
$196
HOA
-
Days on market
-
Sold On
-
MLS number
IG25126721
Home ConditionPoor
Features
ViewNeighborhood

About this home

Unlock the potential of this spacious ranch-style home, ideally situated in the heart of Hemet. Boasting 4 bedrooms (3 bedrooms are downstairs) a versatile den, 1 bedroom upstairs and 2.5 bathrooms across 2,323 square feet of living space. This inviting residence offers room to grow, create, and personalize. Set on a nearly one-acre flat lot (33,541 square feet) the expansive grounds provide endless possibilities. Whether you envision a lush garden, a kid's play field, a secure area for pets, a serene pool retreat, a possibility to add Accessory Dwelling Unit (ADU), this property has the space and zoning flexibility to make your vision a reality. Perfect for investors, flippers, or buyers seeking to build a multi-generational estate this home offers strong potential with a layout that lends itself to transformation. Conveniently located approximately 8 miles from Hwy 74 and 79. Under 2 miles from the historic Ramona Bowl Amphitheater- home to the nation's longest-running outdoor play since 1928. This property also enjoys proximity to schools, shopping centers, and local amenities. It is located approximately 6 minutes from the Hemet Veterans Administration Outpatient Clinic. It's being sold AS-IS. The seller will make no repairs and provides no warranties. Buyers are strongly advised to perform all due diligence regarding zoning, permits, and ADU possibilities.

Condition Rating
Poor
Built in 1954, this property is being sold 'as-is' and requires substantial repairs and rehabilitation. The kitchen features severely outdated appliances (including a yellow refrigerator), old laminate countertops, dated white cabinets, and checkered linoleum flooring. Bathrooms are equally outdated with basic vanities and fixtures. Other areas show green shag carpet and wood paneling, indicating a complete lack of modern updates. Major systems and finishes likely require extensive replacement to meet current standards, aligning with the 'poor' 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 = 33541, living area = 2323.
Expansive Lot & ADU Potential: Features a nearly one-acre flat lot (33,541 sq ft) with significant zoning flexibility, ideal for adding an Accessory Dwelling Unit (ADU), a pool, or creating a multi-generational estate.
Spacious Layout: Offers 2,323 square feet of living space with 4 bedrooms (including a versatile den) and 2.5 bathrooms, providing ample room for customization and growth.
Investment & Renovation Opportunity: Positioned as an ideal property for investors, flippers, or buyers looking to transform and personalize, with a layout conducive to significant upgrades.
Ranch-Style Appeal: A classic ranch-style home offering a desirable footprint, with most bedrooms downstairs, appealing to those seeking single-story living with renovation potential.
Convenient Local Amenities: Located with good access to major highways (Hwy 74 & 79), schools, shopping centers, and local attractions like the Ramona Bowl Amphitheater.

Cons

As-Is Sale Condition: Sold strictly 'as-is' with no seller repairs or warranties, indicating that buyers should anticipate immediate and potentially substantial investment for necessary renovations and upgrades.
Property Age & Potential Updates: Built in 1954, the 70-year-old home likely requires extensive updates to major systems and finishes to meet modern standards and preferences.
Extensive Buyer Due Diligence Required: Buyers are strongly advised to conduct thorough due diligence on zoning, permits, and ADU possibilities, suggesting potential complexities or uncertainties in realizing development plans.

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