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Sold for $469,900
  • Listed by: Coldwell Banker Assoc Brkr-SC • Jessica Terpstra • Contact: 714-883-8885
    Bought with: TRINITY FIRST REALTY
    $469,900

    331 N Thompson St, Hemet, CA 92543

    3beds
    1,576sqft
    Single Family Residence
    Built in 1925
    9,583 Square Feet Lot
    $468,800 Zestimate®
    $298/sqft
    $2,313 Estimated rent

    Home value

    $468,800

    $445,000 - $492,000

    $2,313/mo

    Zestimate® history
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    What's special

    2 Units for a great price! 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jessica Terpstra DRE #01982979 714-883-8885,

    Coldwell Banker Assoc Brkr-SC

    Bought with:

    Monica Espinosa, DRE #02057885

    TRINITY FIRST REALTY

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

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • 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: $197,294
    • Date on market: 7/6/2026
    • Cumulative days on market: 17 days
    • Listing terms: Submit

    Price history

    DateEventPrice
    9/23/2026Sold$469,900+0.2%$298/sqft
    Source: CRMLS #SW26146366 Report a problem
    7/24/2026Pending sale$468,999$298/sqft
    Source: CRMLS #SW26146366 Report a problem
    7/17/2026Price change$468,9990%$298/sqft
    Source: CRMLS #SW26146366 Report a problem
    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
    2026-- $197,294 +2%
    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

    Neighborhood: 92543

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $468,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $468,800