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Hemet 92545
717 Balsam Way
$340,000
● House - In Contract

717 Balsam Way

Hemet, CA 92545
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,217 Ft²
$1,788
Est. Monthly
$118
HOA / Fees
10.08%
Cap Rate

About This Property

Welcome to 717 Balsam Way, a beautifully maintained single-story home nestled in the gated Laurel Park community in Hemet-an all-ages neighborhood offering resort-style amenities and convenient access to shopping, recreation, and entertainment. This thoughtfully designed home features 2 bedrooms and 2 bathrooms with 1,217 square feet of living space, including a spacious primary suite and a private junior suite, making it ideal for guests, extended family, or a home office. The home sits on a 4,792 square foot lot with attractive curb appeal highlighted by a wide driveway, mature shade tree, and easy-care landscaping. Inside, the open floor plan creates a bright and welcoming atmosphere. The entry opens to a light-filled family room with soaring ceilings and a tile fireplace with wood mantle. The living space flows seamlessly into the dining area with sliding glass doors leading to the backyard. The eat-in kitchen offers ample cabinetry, tile countertops, and a water filtration system under the sink. The spacious primary suite features vaulted ceilings, an upgraded ceiling fan, and a walk-in closet. The ensuite bathroom includes dual sinks, a soaking tub, and a separate walk-in shower. Down the hall is a generously sized junior suite with its own walk-in closet. Additional interior highlights include designer two-tone paint, Berber carpet flooring, custom window treatments, and an indoor laundry room with built-in cabinetry. Step outside to a spacious backyard with mature fruit trees, offering a wonderful opportunity to design your own outdoor retreat. Laurel Park residents enjoy gated security and community amenities including a pool, spa, clubhouse, and onsite RV parking available for approximately $25 per month. The location provides convenient access to shopping, dining, and entertainment including Soboba Casino Resort just minutes away. Outdoor enthusiasts will appreciate nearby Diamond Valley Lake Recreation Area. The home is also about 45 minutes to Palm Springs and approximately one hour to Desert Hills Premium Outlets.
Unit Size
1,217 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$279
Property Type
House
Property Taxes
-
HOA Dues
$118
Year Built
1989

Listed By

Marcos Orozco
Keller Williams Legacy

Payment Calculator

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Last updated: 3 months ago (CRMLS #OC26046808)

Price History

Date / Event Date Event Price
Sep 6, 2026 In contract -
In contract
Aug 31, 2026 Price Decreased $340,000
↓ $20K (5.6%)
Price Decreased
Aug 14, 2026 Price Decreased $360,000
↓ $25K (6.5%)
Price Decreased
Jul 8, 2026 Price Decreased $385,000
↓ $5K (1.3%)
Price Decreased
Jul 2, 2026 Relisted $389,900
Relisted
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Direct Access, Driveway, Garage Faces Front, Garage, Garage Door Opener, See Remarks, DoorMulti, DoorSingle
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Walk-In Closet(s), CeramicCounters, Unfurnished, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary, MultiplePrimarySuites
Appliances: Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
Flooring Type: Carpet, Tile, Vinyl
Door Features: Sliding Doors
Laundry Features: Inside, Laundry Room
Has Fireplace
Fireplace Features: Gas, Living Room
Exterior Details
Square Footage: 1217
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Security Gate, Gated Community, Key Card Entry, Smoke Detector(s)
Architectural Style: Spanish
Year Built Source: Public Records
Year Built: 1989
Levels: One
Window Features: Screens, CustomCoverings
Construction Materials: Concrete, Stucco, Drywall
Patio and Porch Features: None
Pool Features: Association
Lot Features: Back Yard, Close to Clubhouse, Front Yard, Level, Rectangular Lot, NearPark, SprinklerSystem, StreetLevel, Yard
Lot Size Area: 4792
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Tax Lot: 29
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Pool, Spa/Hot Tub
HOA Fee: $118
HOA Fee Frequency: Monthly

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 1,647
  • Gross Building Area: 1,647
  • Building Area: 1,217
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,217
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT 22732
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: LOT 29 MB 179/041 TR 22732

Neighborhood

  • School District Name: Hemet Unified School District
  • Census Tract: 043306

Geography

  • Subdivision Tract Number: 22732
  • Parcel: 456-202-012
  • Lot: 29
  • Municipality: HEMET
  • Latitude: 33.7359
  • Longitude: -116.992

    Address

  • Full Address: 717 Balsam Way
  • Address - House Number: 717
  • Address - Street Name: Balsam
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Hemet
  • Carrier Code: C037
  • 4-Digit Zip Code: 6863
  • Zip Code: 92545

Valuation

    Tax

  • Total Area: 1,217
  • Tax Year: 2023
  • Tax Amount: $189,752
  • Tax Rate Code Area: 006-060

    Appraisal Valuation

  • Standard Deviation: 0.1941
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 74
  • Final Value: 380,403
  • High Value: 454,243
  • Low Value: 306,563

    Market Valuation

  • Market Total Value: $318,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,098
  • Assessed Land Value: $58,305
  • Assessed Improvements Value: $103,793

    Sales

  • Current Sale Contract Date: Apr 01, 2023
  • Current Sale Recording Date: Apr 21, 2023
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 114085
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 717 Balsam Way built and last sold?
The property at 717 Balsam Way was built in 1989 and last sold on Apr 1, 2023 for $348,000.
How much is this home worth?
The estimated value of the home located at 717 Balsam Way is $342,071.
What are some comparable homes to 717 Balsam Way?
There are currently no comparable homes to 717 Balsam Way.