See Home Value
Hemet 92543
331 N Thompson
$469,900
● House - Off Market

331 N Thompson

Hemet, CA 92543
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,576 Ft²
$2,303
Est. Monthly

About This Property

2 Units for a great price! Step into the timeless charm of this beautifully restored 1925 Craftsman situated on a spacious lot in the heart of Hemet. Blending classic character with extensive modern upgrades, this move-in ready property offers the perfect combination of historic appeal and today's conveniences.

The main residence welcomes you with a bright, open living space, luxury vinyl plank flooring, fresh interior and exterior paint, new dual-pane windows, an updated kitchen with quartz countertops, new appliances, remodeled bathroom, new carpet in the bedrooms, updated lighting, and countless improvements throughout.

A standout feature is the detached ADU, offering approximately 400 square feet complete with its own kitchen, living area and bathroom-ideal for multigenerational living, guests, a private office, or rental income potential. Outside, the expansive lot provides ample room for parking, entertaining, and future possibilities. The property also features a detached two-car garage, covered carport, fresh rock landscaping for low-maintenance living, and gated access.

With more than $133,000 invested in renovations, including updated plumbing, electrical, windows, flooring, fixtures, roof improvements, landscaping, and much more, this is a rare opportunity to own a thoughtfully restored Craftsman with an income-producing or multi-generational ADU-all offered at just $469,000.
Unit Size
1,576 Ft²
Days on Market
79 days
Land Size
0.22 acres
Price per sqft
$298
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925

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Last updated: 27 days ago (CRMLS #SW26146366)

Price History

Date / Event Date Event Price
Sep 23, 2026 Sold
Sold
Jul 25, 2026 In contract -
In contract
Jul 18, 2026 Price Decreased $468,999
↓ $1 (0%)
Price Decreased
Jul 6, 2026 Listed by Coldwell Banker Assoc Brkr-SC $469,000
Listed by Coldwell Banker Assoc Brkr-SC
Aug 23, 2018 No longer available -
No longer available
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Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 1
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 7
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 216
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REVISED MAP OF HIGH SCHOOL TRACT
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: POR LOT 17 BLK 3 AND LOT 18 BLK 3 MB 007/065 REVISED MAP OF HIGH SCHOOL TRACT

Neighborhood

  • School District Name: Hemet Unified School District
  • Census Tract: 043401

Zoning

  • Zoning: R2

Geography

  • Parcel: 443-162-017
  • Block: 3
  • Lot: 18
  • Municipality: HEMET
  • Latitude: 33.752
  • Longitude: -116.966

    Address

  • Full Address: 331 N Thompson St
  • Address - House Number: 331
  • Street Direction: N
  • Address - Street Name: Thompson
  • Address - Suffix Type: St
  • State: CA
  • City Name: Hemet
  • Carrier Code: C006
  • 4-Digit Zip Code: 3048
  • Zip Code: 92543

Valuation

    Tax

  • Total Area: 1,176
  • Tax Year: 2023
  • Tax Amount: $248,764
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 006-001

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 345,998
  • High Value: 414,526
  • Low Value: 277,470

    Market Valuation

  • Market Total Value: $224,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,917
  • Assessed Land Value: $32,808
  • Assessed Improvements Value: $153,109

    Sales

  • Current Sale Contract Date: Mar 13, 2018
  • Current Sale Recording Date: Jun 19, 2018
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2018-0247108
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hemet


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Frequently Asked Questions

When was property at 331 North Thompson Street built and last sold?
The property at 331 North Thompson Street was built in 1925 and last sold on Mar 13, 2018 for $170,000.
How much is this home worth?
The estimated value of the home located at 331 North Thompson Street is $471,174.
What are some comparable homes to 331 North Thompson Street?
There are currently no comparable homes to 331 North Thompson Street.