This Hemet property on Vermont St. sits on a massive 1.5-acre lot with 2,157 sq ft, 3 beds, and 2 baths. The home is mid-renovation and being sold as a 'fixer-upper,' which means there's room to add value—especially with features like a detached garage, open floor plan, and rural setting. However, the $375K list price is well below the 92544 zip median ($502K) and its comps, which average $491K–$578K and $235–$269/sqft. The median price per square foot locally is $284, so this property is underpriced for the area, but it does need work.[2][4]
If you're an investor, completing renovations and modernizing the finishes could unlock significant upside, especially given the size of both home and lot. For current owners, basic finish work, landscaping, and curb appeal will boost marketability and attract buyers. Just be mindful of renovation budgets to avoid over-improving for the neighborhood. With comps selling higher and inventory tight, the timing is right for a thoughtful flip or a market-ready sale.