$251,000
●
House -
Off Market
601 Palomar
Hemet, CA 92543
2 Beds
2 Baths
1,218 Ft²
$1,412
Est. Monthly
$130
HOA / Fees
About This Property
601 Palomar Dr is a one-story Hemet home on a corner lot with an
attached garage and mature palm landscaping. The kitchen has white
cabinetry, white appliances, and wood-look flooring, with an
L-shaped counter layout that connects to the adjacent dining and
living spaces. A long sunroom lined with windows adds bright,
flexible living space along one side of the home. Bedrooms are
carpeted and comfortably sized, served by full bathrooms with
wood-toned vanities and tub-and-shower blends. Wood-look and
carpeted flooring run through the interior, and plantation-style
shutters filter natural light. A covered patio extends the living
area outdoors within a walled side yard. The single-level layout
keeps everyday living straightforward and easy to navigate..
Included 100-Day Home Warranty with buyer activation
Unit Size
1,218 Ft²
Days on Market
13 days
Land Size
0.10 acres
Price per sqft
$214
Property Type
House
Property Taxes
-
HOA Dues
$130
Year Built
1967
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #IV26153669)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Listed by OPENDOOR BROKERAGE INC. | $261,000 | |
| Listed by OPENDOOR BROKERAGE INC. | |||
| Dec 15, 2017 | Sold | ||
| Sold | |||
| Nov 6, 2017 | Listed by Century 21 McDaniel & Assoc. | $169,000 | |
| Listed by Century 21 McDaniel & Assoc. | |||
 | |||
|
A beautiful home in Panorama Village, for residents 55+ or better. Great curb appeal on a corner lot with artificial turf and palm trees. A very nice sun room of approx. 200 square feet that is not permitted. It comes with a whole house water purification system and plantation shutters. Home is just steps from the clubhouse and the first & ninth holes. The $90 HOA includes golf, swimming pool, spa, sauna, clubhouse, billiard room, gym, indoor shuffleboard and a library. You won't be disappointed.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Hemet
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Listed by: LISA SOLTESZ, OPENDOOR BROKERAGE INC.
Last Updated: 3 months ago
Data Source: CRMLS, MLS# IV26153669
Last Updated: 3 months ago
Data Source: CRMLS, MLS# IV26153669
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