$262,500
SOLD MAY 28, 2025

40636 Crest Dr Hemet, CA 92544

3 Beds
1 Bath
1,134 Sq Ft
0.81 Acres

Recently Sold

$231 Per Sq Ft

27% Below List Price

18 Days on Market

Highlights

  • 0.81 Acre Lot
  • No HOA
  • Wood Frame Window
  • View of Hills
  • Circular Driveway
  • Bathtub

About This Home

As of May 2025

**OPPORTUNITY KNOCKS**Nestled in the picturesque Valley of East Hemet, just beneath the iconic Ramona Outdoor Amphitheater—where the legendary Raquel Welch was discovered—lies a true diamond in the rough. This hidden gem sits on nearly three-quarters of an acre and boasts breathtaking views of the surrounding hills, offering a serene escape from the hustle and bustle of everyday life. This property presents a wealth of potential and myriad possibilities for your dream home. Are you considering an Accessory Dwelling Unit (ADU)? This expansive lot provides ample space for such projects, ensuring that you can enhance your living environment while enjoying the advantages of additional rental income or guest accommodations.As you approach the property, you’ll be welcomed by a convenient drive-through driveway, making access easy and practical for you and your guests. Once you step into the rear yard, you'll be inspired by the endless opportunities awaiting you. Whether you envision a pool for hot summer days, a lush garden flourishing with vibrant plants, or a recreational play area for children, this space is a blank canvas ready for your creative touch.Imagine hosting family gatherings in this idyllic setting or simply unwinding while taking in the stunning views of the hills—this property not only promises potential but also offers a lifestyle filled with tranquility and joy. Don't miss your chance to own a piece of paradise in East Hemet! With its unique charm and incredible possibilities, this property is ready to turn your dreams into reality.

Last Agent to Sell the Property

Kellee Spillman-Malone

Reliable Realty Inc. Brokerage Phone: 951-757-7713 License #01226866 Listed on: 04/19/2025

Co-Listed By

Melina Gonzalez

Reliable Realty Inc. Brokerage Phone: 951-757-7713 License #02006449

Last Buyer's Agent

Monique Tartamella

COLDWELL BANKER LEADERS License #01825009

COLDWELL BANKER LEADERS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1956

Lot Details

  • 0.81 Acre Lot
  • South Facing Home
  • Wood Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned A-1-1

Home Design

  • Bungalow
  • Fixer Upper
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,134 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Family Room
  • Vinyl Flooring
  • Views of Hills
  • Electric Oven

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub

Parking

  • Parking Available
  • Circular Driveway

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Hemet High School

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Valley

Listing and Financial Details

  • Legal Lot and Block 4 / 226
  • Tax Tract Number 22622
  • Assessor Parcel Number 451270008
  • $37 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,622

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: 2 containers- 1@ 20 feet and the other at 50 feet.
  • Other Phone Description: Melina Gonzalez
  • Other Phone Number: 9512858801
  • Property Attached: No
  • Road Frontage Type: Country Road
  • Road Surface Type: Gravel
  • View: Yes
  • Zoning: A-1-1
  • Architectural Style: Bungalow
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 451270008
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1134.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 231.48
  • Room Type: All Bedrooms Down, Family Room, Primary Bedroom
  • Window Features: Wood Frames
  • Bathroom Features: Bathtub

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Concrete Perimeter
  • Other Structures: Outbuilding
  • View: Hills
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Block

Garage/Parking

  • Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Utilities: Electricity Available, Natural Gas Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Oven
  • Heating Type: Central
  • Sewer: Conventional Septic
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Schools

  • School District: Hemet Unified
  • High School: Hemet
  • High School: Hemet
  • High School2: HEMET

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 35,284Sq Ft
  • Lot Size Sq Ft: 35284.00
  • Lot Size Acres: 0.8100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 35284.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 226
  • Tax Census Tract: 433.13
  • Tax Lot: 4
  • Tax Tract Number: 22622
  • TaxOtherAnnualAssessmentAmount: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2025
Closed on
May 29, 2025
Sold by
River Trail Financial Llc
Bought by
Community Building Group Llc
Seller's Agent
Kellee Spillman-Malone
Reliable Realty Inc.
Buyer's Agent
Monique Tartamella
COLDWELL BANKER LEADERS
List Price
$360,000
Sold Price
$262,500
Premium/Discount to List
-$97,500
-27.08%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1126.24%

Purchase Details

Listed on
Apr 19, 2025
Closed on
May 14, 2025
Sold by
Watters Family Revocable Trust and Watters Maxine G
Bought by
River Trail Financial Llc
Seller's Agent
Kellee Spillman-Malone
Reliable Realty Inc.
Buyer's Agent
Monique Tartamella
COLDWELL BANKER LEADERS
List Price
$360,000
Sold Price
$262,500
Premium/Discount to List
-$97,500
-27.08%
Views
56

Purchase Details

Closed on
May 12, 2020
Sold by
Watters James H and Watters Maxine G
Bought by
Watters Maxine G and Watters James H
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $280,000 Pacific Coast Title
Grant Deed $262,500 Monarch Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Unknown
Previous Owner $46,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $429,000 +63.4% $378 / Sq Ft
05/28/2025 05/28/25 Sold $262,500 -27.1% $231 / Sq Ft
04/19/2025 04/19/25 For Sale $360,000 -- $317 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,622 $144,428 $76,467 $67,961
2022 $1,567 $141,597 $74,968 $66,629
2021 $1,540 $138,822 $73,499 $65,323
2020 $1,524 $137,400 $72,746 $64,654
2019 $1,489 $134,707 $71,320 $63,387
2018 $1,442 $132,067 $69,921 $62,146
2017 $1,423 $129,478 $68,550 $60,928
2016 $1,411 $126,940 $67,206 $59,734
2015 $1,406 $125,036 $66,198 $58,838
2014 $1,342 $122,589 $64,902 $57,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25038079

California Regional Multiple Listing Service (CRMLS)

APN: 451-270-008