ActiveResidential · sale

41321 Merriwood

Hemet, CA 92544

$499,900

  • 3 beds
  • 2 baths
  • 1,864 sq ft
  • 0.25 acres
  • Built 1960

Listed by Temecula Homes and Land · MLS #SW26085287

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PROPERTY QUESTIONS & SHOWINGS

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41321 Merriwood, Hemet, CA 92544 · MLS #SW26085287

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The master bedroom suite is at the front of the house and there is a huge additional bedroom added at the back of the house, approx. over 520 sq. feet, with sitting area and sliding glass doors to it's own patio.

Year built

Built in 1960.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

DON'T LET THIS HOME PASS YOU BY!! This property qualifies for the Community Advantage Program.

Eligible properties are located in moderate- and low-income neighborhoods and qualify for up to 1.5% off the qualifying rate and no PMI — even with just 3% down. The best part: there are no income-limit restrictions, so the program is widely available regardless of how much a buyer earns.



The seller has made so many upgrades and repairs the list price will net them a financial loss! Excellently refurbished family home in E. Hemet. So much to describe and so well done! Totally perimeter fenced large lot for dogs, RV parking, circular driveway. New paint interior and exterior. The color of the exterior is dark blue walls with white trim. Interior is various pleasing colored walls. Both bathrooms have been remodelled with new walkin showers. The master bedroom suite is at the front of the house and there is a huge additional bedroom added at the back of the house, approx. over 520 sq. feet, with sitting area and sliding glass doors to it's own patio. There is also a smaller third bedroom. The kitchen has new appliances, dishwasher and gas stove, and granite counter tops. Flooring is all new laminate throughout the house. New windows at the front of the house. New leased solar system with Tesla battery backup system. The lease will be transferred to a buyer at approx. $210.30/month payment. The 25 year lease commensed July 30, 2024. June 2026 energy report shows "excellent energy efficiency". Composition roof is in excellent condition and is approximately 5 to 6 years old. All new waterline from the street and all new plumbing in the interior of the house. Desert landscaping in the frontyard. Auto sprinkler system. Separate approx. 10' X 10' building, as one room, added in the backyard would make a great office, craft room, exercise room or... You just have to see it all!

THE NEIGHBORHOOD

Explore the location.

41321 Merriwood, Hemet, CA 92544

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LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,275Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1960
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central,ForcedAir,Fireplaces,NaturalGas
Appliances
Dishwasher,GasOven,GasRange,Microwave
Flooring
Laminate
Utilities
CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected,OverheadUtilities
Fencing
Wood,Wire
Pool
No
Pool features
None
Spa
No
Parcel
449152004
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,082.92
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #SW26085287 · California Regional MLS

Listing brokerage: Temecula Homes and Land
Listing agent: Caroline Collins

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.