781 Buchanan Street, Hemet, California 92543, Hemet, 92543 - 4 bed, 2 bath
ACTIVE$424,999
781 Buchanan Street, Hemet, California 92543
4Beds
2Baths
1,414Sqft
7,841Lot
Year Built
1988
Close
-
List price
$425K
Original List price
$455K
Price/Sqft
$301
HOA
-
Days on market
-
Sold On
-
MLS number
SW25148590
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $425.0K(55th), sqft - 1414(50th), beds - 4(73th), baths - 2(50th).
"Price Reduction" Beautiful property great for investors or owners use, very well maintained, Great location close to Shopping Centers, Grosery Stores, Parks, Banks, Post Office and only 5 minutes away from the new Soboba Casino and Resort a must see.
Price History
Date
Event
Price
08/13/25
Price Change
$424,999
07/02/25
Listing
$455,000
Condition Rating
Fair
Built in 1988, this property is 36 years old. While the description states it is 'very well maintained' and the exterior image shows a clean, albeit dated, facade with no obvious signs of disrepair, there's no evidence of recent major renovations. The style of the exterior, including windows and decorative trim, is consistent with its build era. Without interior photos, especially of the kitchen and bathrooms, it's highly probable these areas, along with major systems, are original or have had older updates, making them functional but likely outdated. This aligns with the 'Fair' criteria for a property built within the last 25 to 40 years with no major renovations since construction, where the home is aged but maintained, and major components show signs of being outdated.
Pros & Cons
Pros
Value Proposition: The property is currently listed below its estimated market value ($441,114) and has undergone a significant price reduction from its original list price of $455,000, offering potential for immediate equity or a favorable purchase.
Well-Maintained Condition: Explicitly described as 'very well maintained,' suggesting the property is in good condition and may require fewer immediate repairs or updates for a new owner.
Strategic Location: Boasts a 'Great location' with close proximity to essential amenities such as shopping centers, grocery stores, parks, banks, and the post office, plus being only 5 minutes from the new Soboba Casino and Resort.
Desirable Views: The property offers appealing 'Mountain(s)' views, enhancing its aesthetic value and desirability for potential buyers.
Broad Market Appeal: Marketed as 'great for investors or owners use,' indicating versatility that can attract a wider range of potential buyers, from those seeking a rental income to owner-occupants.
Cons
Property Age & Potential System Updates: Built in 1988, the property is over 35 years old. While well-maintained, major systems (e.g., HVAC, plumbing, electrical) may be original or nearing the end of their typical lifespan, potentially requiring future capital expenditures.
Compact Interior for Bedroom Count: With 4 bedrooms in 1414 sqft, the individual room sizes might be smaller than desired by some buyers, potentially limiting spaciousness for a larger family or those seeking ample living areas.
Initial Overpricing Indication: The 'Price Reduction' from $455,000 to $424,999 could suggest the property was initially overpriced, potentially leading to longer market time or raising questions for some buyers regarding its initial valuation.