627 Corona, Hemet, California 92545, Hemet, 92545 - 2 bed, 2 bath
ACTIVE$245,000
627 Corona, Hemet, California 92545
2Beds
2Baths
875Sqft
3,920Lot
Year Built
1981
Close
-
List price
$245K
Original List price
$245K
Price/Sqft
$280
HOA
$35
Days on market
-
Sold On
-
MLS number
SW25243071
Home ConditionFair
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $245.0K(7th), sqft - 875(6th), beds - 2(33th), baths - 2(50th).
Newer roof, Newer split AC. Two bedrooms with two full bathroom. Enclosed sunroom. Low maintenance landscaping. Current Rent $1600. Tenants like to stay.
Nearby schools
4/10
Fruitvale Elementary School
Public,•K-5•0.7mi
2/10
Rancho Viejo Middle School
Public,•6-8•1.5mi
4/10
Tahquitz High School
Public,•9-12•1.7mi
1/10
Aspire Community Day
Public,•7-12•2.5mi
Price History
Date
Event
Price
10/20/25
Listing
$245,000
Condition Rating
Fair
The property, built in 1981, features a functional but significantly outdated interior, particularly in the kitchen and bathrooms. The kitchen has older dark wood cabinets, laminate countertops, white appliances, and dated fluorescent lighting. Bathrooms also show older fixtures and finishes. While the description notes a newer roof and newer split AC system, which are positive updates to major components, the overall aesthetic and condition of the interior indicate a need for substantial cosmetic updates to modernize its style and features, aligning with the 'Fair' category.
Pros & Cons
Pros
Recent Capital Improvements: The property benefits from a newer roof and a newer split AC system, significantly reducing immediate capital expenditure for a new owner.
Established Rental Income: With current rent at $1600 and stable tenants expressing a desire to stay, this property offers immediate and reliable cash flow for investors.
Enhanced Usable Space: The enclosed sunroom provides additional versatile living area, increasing the property's functionality and appeal.
Reduced Maintenance Burden: Low-maintenance landscaping minimizes ongoing effort and cost for exterior upkeep, appealing to busy homeowners or investors.
Accessible Price Point: Listed at $245,000, this single-family residence presents an attractive and affordable entry into homeownership or real estate investment in the region.
Cons
Limited Interior Space: At 875 square feet, the property offers compact living quarters, which may not suit buyers requiring more expansive indoor areas.
Property Age: Constructed in 1981, the home is over four decades old, potentially indicating older infrastructure or systems that may require future attention beyond the recently updated roof and AC.
Ongoing Association Fees: The presence of a monthly association fee ($35.0) adds a recurring cost to ownership, which some buyers may prefer to avoid.