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For sale
  • Listed by: Coldwell Banker Assoc Brkr-SC • Jessica Terpstra • Contact: 714-883-8885
    $469,000

    331 N Thompson St, Hemet, CA 92543

    2beds
    1,576sqft
    : 
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    Single Family Residence
    Built in 1925
    9,583 Square Feet Lot
    $463,900 Zestimate®
    $298/sqft
    $-- HOA

    What's special

    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.
    4 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Terpstra DRE #01982979 714-883-8885,

    Coldwell Banker Assoc Brkr-SC

    Source: CRMLS,MLS#: SW26146366MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Rooms
      • Room types: Family Room, Kitchen
      Heating
      • Central
      Cooling
      • See Remarks
      Appliances
      • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
      Features
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total interior livable area: 1,576 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Pool features: None
      • Has view: Yes
      • View description: Mountain(s), Neighborhood
      Lot
      • Size: 9,583 Square Feet
      • Features: Desert Front
      Details
      • Parcel number: 443162017
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1925

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Storm Drain(s), Sidewalks
      Location
      • Region: Hemet

      Financial & listing details

      • Price per square foot: $298/sqft
      • Tax assessed value: $193,427
      • Annual tax amount: $2,751
      • Date on market: 7/6/2026
      • Cumulative days on market: 5 days
      • Listing terms: Submit

        Estimated market value

        $463,900

        $441,000 - $487,000

        $1,960/mo

        Price history

        DateEventPrice
        7/6/2026Listed for sale$469,000+93%$298/sqft
        Source: CRMLS #SW26146366 Report a problem
        3/4/2026Sold$243,000+42.9%$154/sqft
        Source: Public Record Report a problem
        6/19/2018Sold$170,000+0.1%$108/sqft
        Source: Public Record Report a problem
        2/23/2018Pending sale$169,777$108/sqft
        Source: Coldwell Banker Blackstone Realty #IV17231818 Report a problem
        1/7/2018Listed for sale$169,777$108/sqft
        Source: Coldwell Banker Blackstone Realty #IV17231818 Report a problem
        11/13/2017Pending sale$169,777$108/sqft
        Source: Coldwell Banker Blackstone Realty #IV17231818 Report a problem
        10/9/2017Price change$169,777-1.9%$108/sqft
        Source: Coldwell Banker Blackstone Realty #IV17231818 Report a problem
        9/12/2017Listed for sale$173,000+25.8%$110/sqft
        Source: COLDWELL BANKER BLACKSTONE RE #IV17209557 Report a problem
        5/26/2017Listing removed$137,500$87/sqft
        Source: Liberty Real Estate #SW16182493 Report a problem
        9/17/2016Pending sale$137,500$87/sqft
        Source: Liberty Real Estate #SW16182493 Report a problem
        8/19/2016Listed for sale$137,500$87/sqft
        Source: Liberty Real Estate #SW16182493 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,751 +2.5%$193,427 +2%
        2024$2,685 +7.9%$189,635 +2%
        2023$2,488 +13.8%$185,917 +2%
        2022$2,186 +1.6%$182,272 +2%
        2021$2,151 +0.5%$178,699 +1%
        2020$2,141 +2.1%$176,868 +2%
        2019$2,096 +35%$173,400 +36.6%
        2018$1,553 +1.1%$126,975 +2%
        2017$1,536 $124,486 +14.2%
        2016$1,536 +27.3%$109,000 +17.2%
        2015$1,207 +9.8%$93,000 +8.1%
        2014$1,099 $86,000 +11.7%
        2013-- $77,000 +32.8%
        2012-- $58,000 -29.5%
        2011-- $82,262 +0.8%
        2010-- $81,649 -0.2%
        2009-- $81,845 +2%
        2008-- $80,241 +2%
        2007-- $78,669 +2%
        2006-- $77,128 +2%
        2005-- $75,616 +3.9%
        2003-- $72,779 +45.6%
        2002-- $50,000 +11.1%
        2001$517 +10.8%$45,000 +12.5%
        2000$467 $40,000
        Find assessor info on the county website

        Monthly payment

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92543

        Getting around

        78 / 100
        Very Walkable
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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