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423 Madrid, Hemet, CA 92545

$500K4bd · 3ba · 2,797 sqft
Lot 6,534 sqft•Single Family Residence•
Active
•21d on market•MLS# CV-26207100

Property Description

Spacious and inviting home nestled in the vibrant city of Hemet. This property boasts four generously sized bedrooms and two and a half bathrooms, with 2,787 square feet. The home features a spacious living room and a formal dining room, providing ample space for entertaining. The open kitchen is equipped with an abundance of cabinets, a large island, granite countertops, recessed lighting, and tile flooring. Adjacent to the kitchen is a family room, offering an additional entertaining space. Throughout the home, you will find tile flooring and laminate wood flooring. Newer water heater and a brand New A/C unit. A laundry and pantry room is conveniently located next to the kitchen. The property includes four bedrooms, each with its own unique charm. The primary bedroom is complemented by a walk-in closet and an ensuite bathroom, providing a luxurious retreat. Additionally, the upper level features a bonus room, which can be transformed into an office, playroom, or second family room, catering to diverse family needs. Step outside to discover a private heated pool and spa, enhancing the overall enjoyment of the property. Furthermore, the home is conveniently situated minutes away from restaurants and shopping centers, providing easy access to amenities and entertainment. Schedule a private viewing today.

Features & Amenities

FeeBuilt 2000

Property Details

Land Type
Fee
Year Built
2000
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
None
Flooring
Laminate, Tile
Roof
Tile
City
Hemet
Zip Code
92545
County
Riverside
Listed byRemax Foothills, Sonia Estrada

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,527.64
Principal & Interest
Loan Amount
$399,900
Total Interest
$510,050
Total Payment Over 30 Years
$909,950
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

423 Madrid, Hemet, CA 92545

Hemet · Single Family Residence

$500K
Affordable Tier
Beds
4
Baths
3
Sqft
2,797
Lot
6,534 sqft
Year
2000
$/Sqft
$179
Pool: Yes✓
Spa: Yes✓
View: None✓
Garage: 2-car✓

Listed 6.5% below the median closed sale of $534,900. Price per sqft ($179) is a 17% discount to closed comps ($215).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $500K· $179/sqft
Total list price
Closed comps
vs closed median $535K
−$35K (−6.5%)
Active comps
vs active median $580K
−$80K (−13.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $207
−$28 (−13.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1290 LandmarkHemet2005432,7466,970$211$580,0008293
43554 Amazon StreetHemet2002532,8626,970$216$619,0009390
8441 MaruyamaHemet2004332,7556,534$206$568,00015089
151 Ropango WayHemet2003532,8606,970$189$540,00014789
520 OlazabalHemet2005332,7556,970$214$589,50020288
Total: 5 · Average4.03.02,795.66,882.8$207.2$579,300134.8
Median2,755$580,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1041 PaintbrushHemet200610/06/2026432,6737,841$535,000$535,000$2001.002492
3928 Rushmore CourtHemet200010/06/2026432,3676,534$534,900$534,900$2261.006792
7579 IslaHemet200510/09/2026432,4607,405$515,000$507,000$2060.9812691
761 ShirazHemet200609/22/2026432,5817,405$560,000$538,000$2080.968989
1439 Jewelstone CircleHemet200409/29/2026432,2228,276$515,000$518,000$2331.014487
Total: 5 · Average4.03.02,460.67,492.2$526,580$526,580$214.6—70
Median2,460$534,900$534,900

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.