550 N Soboba Street, Hemet, California 92544, Hemet, 92544 - 5 bed, 3 bath
ACTIVE$750,000
550 N Soboba Street, Hemet, California 92544
5Beds
3Baths
3,158Sqft
48,787Lot
Price Vs. Estimate
The estimated value ($750,000) is $0 (0%) lower than the list price ($750,000). 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 = 48787, living area = 3158.
Top Cons:
Property Age & Potential Updates: Built in 1956, the home's age suggests that major systems (e.g., electrical, plumbing, HVAC) and overall aesthetics may require significant updates or renovations to meet modern standards, implying future investment.
Compared to the nearby listings
Price:$750.0K vs avg $472.0K (+$278,000)94%
Size:3,158 sqft vs avg 1,742 sqft96%
Price/sqft:$237 vs avg $27726%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this property's interior, particularly the kitchen and bathrooms, shows significant signs of age. The kitchen features older white appliances, wood cabinets, laminate countertops, and fluorescent lighting, while the bathrooms have dated vanities and fixtures. These elements suggest that any renovations were likely completed 20-30+ years ago. While the home appears maintained, it requires substantial cosmetic updates and potential system upgrades to meet modern standards, aligning with the 'Fair' condition criteria for an aged property that is functional but outdated.
Year Built
1956
Close
-
List price
$750K
Original List price
$900K
Price/Sqft
$237
HOA
-
Days on market
-
Sold On
-
MLS number
SW25113256
Home ConditionFair
Features
Good View: Hills, Panoramic
Patio
ViewHills, Panoramic
About this home
Single-story 5-bedroom home, corner lot. Fenced, with plenty of room for a substantial ADU, this contractor's home is ready for ALL your toys and a nice fenced-in area for the kids or family gatherings, as if the roomy single story home was not enough. In the highly desired East end of Hemet. Also close to the Ramona Expressway for easy access to all points North, East, or West. The primary bedroom is massive, with direct access to the rear yard. Not included in the living space size is the two-story 1200 square foot workshop, with partial living quarters in the second story of this structure, separate from the main house. You are not limited in your dreams in the future for the possibilities to personalize this 1.2 acre property.
Condition Rating
Fair
Built in 1956, this property's interior, particularly the kitchen and bathrooms, shows significant signs of age. The kitchen features older white appliances, wood cabinets, laminate countertops, and fluorescent lighting, while the bathrooms have dated vanities and fixtures. These elements suggest that any renovations were likely completed 20-30+ years ago. While the home appears maintained, it requires substantial cosmetic updates and potential system upgrades to meet modern standards, aligning with the 'Fair' condition criteria for an aged property that is functional but outdated.
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 = 48787, living area = 3158.
Expansive Lot & ADU Potential: The property boasts a substantial 1.2-acre corner lot, offering ample space for recreational vehicles, outdoor activities, and significant potential for adding a substantial Accessory Dwelling Unit (ADU).
Versatile Detached Workshop: A unique 1200 sq ft two-story workshop, separate from the main house and featuring partial living quarters, provides exceptional flexibility for a home business, extensive hobbies, or potential rental income.
Spacious Single-Story Layout: This generous 3158 sq ft, 5-bedroom, 3-bath single-story home, including a massive primary suite with direct yard access, offers comfortable and accessible living suitable for various family configurations.
Desirable Location & Accessibility: Located in the highly sought-after East end of Hemet, the property benefits from convenient access to Ramona Expressway, ensuring easy commutes and connectivity to surrounding areas.
Panoramic Views: The property offers desirable panoramic and hill views, enhancing its aesthetic appeal and providing a pleasant living environment.
Cons
Property Age & Potential Updates: Built in 1956, the home's age suggests that major systems (e.g., electrical, plumbing, HVAC) and overall aesthetics may require significant updates or renovations to meet modern standards, implying future investment.
Requires Personalization/Investment: Described as having 'possibilities to personalize,' the property may not be turn-key or fully updated, requiring a buyer's vision and additional financial investment to customize it to their preferences.
Significant Price Reduction: A substantial price drop from $899,999 to $750,000, while making it more attractive, could raise questions about the initial valuation or potential underlying factors that necessitated such a reduction.