When was property at 551 Madrid Street built and last sold?

The property at 551 Madrid Street was built in 2000 and last sold on Jul 22, 2011 for $152,000.

How much is this home worth?

The estimated value of the home located at 551 Madrid Street is $0.

What are some comparable homes to 551 Madrid Street?

There are currently no comparable homes to 551 Madrid Street.

Hemet

92545

551 Madrid Street

$485,000

● House - Off Market

551 Madrid Street

Hemet, CA 92545

3 Beds

2 Baths

2,047 Ft²

$2,455

Est. Monthly

About This Property

Beautiful single story home located in West Hemet offers 3 bedrooms (possible 4th) 2 full bathrooms with 2047sqft. Spacious home has laminate flooring with a shared living and dining area that is comfortable in space and than continues into a bright and open kitchen with granite counters, center island and stainless steel appliances. Large family room with media niche and cozy fireplace with slider to back yard. 3 car garage with epoxy flooring.

Backyard has great side space and is private. No HOA- No Mello Roos-No Solar. Must see to appreciate!

Unit Size

2,047 Ft²

Days on Market

89 days

Land Size

0.16 acres

Price per sqft

$244

Property Type

House

Property Taxes

HOA Dues

Year Built

2000

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (CRMLS #SW25054768)

Price History

Date / Event	Date	Event
Jun 9, 2025	Sold	Premium
Sold
Mar 11, 2025	Listed by Feigen Realty Group	$499,900
Listed by Feigen Realty Group

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 2000

Effective Year Built: 2000
Building Count: 1
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 7
Construction Type: 17
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 18
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 657
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,970

Total Building Area: 2,704
Gross Building Area: 2,704
Building Area: 2,047
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 2,047
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Subdivision: TRACT NO 22189 7
Land Acres: 0000000160
Standard Land Use Code: 1001
County Land Use Code: 20
State Land Use Code: R01
Legal Description 1: .16 ACRES IN LOT 4 MB 245/048 TR 22189-7

Neighborhood

School District Name: Hemet Unified School District

Census Tract: 043518

Zoning

Zoning: A1

Geography

Subdivision Tract Number: 22189-7

Parcel: 448-190-004
Lot: 4
Municipality: HEMET
Latitude: 33.7555
Longitude: -117.012

Address

Full Address: 551 Madrid St

Address - House Number: 551
Address - Street Name: Madrid
Address - Suffix Type: St
State: CA
City Name: Hemet
Carrier Code: C071
4-Digit Zip Code: 2344
Zip Code: 92545

Valuation

Tax

Total Area: 2,047

Tax Year: 2023
Tax Amount: $224,070
Tax Rate Code Area: 006-109

Appraisal Valuation

Standard Deviation: 0.235

Valuation Date: Jan 31, 2024
Confidence Score: 67
Final Value: 502,760
High Value: 620,924
Low Value: 384,597

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $338,670

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $183,495
Assessed Land Value: $36,212
Assessed Improvements Value: $147,283

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Jul 22, 2011

Current Sale Recording Date: Jul 22, 2011
Current Sale Price:

Premium
Current Sale Document Type: 36
Current Sale Input Document Number: 2011-0322988
Previous Sale Recording Date: Jun 07, 2011
Previous Sale Contract Date: May 23, 2011
Previous Sale Amount: $170,776
Previous Sale Document Type: 69

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Hemet

Stats & Trends

Median Asking:

$439,900

Sale Price/ft²

$253

Below Asking

0.01%

Average Days on Market

Average Home Size

1773 ft²

Average Home Age

37.2 years

Currently For Sale

279 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2180 Glenwood Avenue, HEMET, CA, 92545

$2,800 /mo

3 Beds
2 Baths
1,636 ft²

2180 Glenwood Avenue, HEMET, CA, 92545 Listing by Samantha Gozo

Unit for rent at 2971 Pembroke, HEMET, CA, 92545

$2,790 /mo

3 Beds
2 Baths
1,572 ft²

2971 Pembroke, HEMET, CA, 92545 Listing by Menan Semercian

Unit for rent at 1590 W Menlo, HEMET, CA, 92543

$2,995 /mo

3 Beds
2 Baths
1,152 ft²

1590 W Menlo, HEMET, CA, 92543 Listing by CLAUDIA VARGAS

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Sarah Crane, Feigen Realty Group
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SW25054768

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 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. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

551 Madrid Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Hemet

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions