337 South Franklin, Hemet, CA 92543
337 South Franklin, Hemet, CA 92543
Property Description
**Charming 1928 Cottage on an Extra-Large Lot!** ***SELLER WILLING TO CARRY BACK A MORTGAGE FOR BUYER*** Welcome to this adorable 2-bedroom, 1-bath cottage offering approximately 720 square feet of comfortable living space on an impressive 7,841-square-foot lot. This charming home has been thoughtfully refreshed and is move-in ready, combining vintage character with modern updates. Recent improvements include fresh interior and exterior paint, new laminate flooring, new carpet, freshly painted cabinets, and brand-new stainless-steel refrigerator and oven. The bathroom retains its classic vintage appeal with timeless black-and-white tilework. Comfort is enhanced by a newly installed mini-split system in the living room and three new ceiling fans serving the living room and both bedrooms. A screened-in porch provides additional storage/utility space, while a new water heater and washer/dryer hookups add everyday convenience. The spacious backyard features a detached garage and additional storage shed, providing plenty of room for parking, storage, hobbies, gardening, or future possibilities. With its charming vintage character, extensive recent updates, oversized lot, and immediate occupancy, this home is a great opportunity for a first-time buyer, investor, or anyone looking for a cozy cottage with room to enjoy. **Seller financing may be available.**
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Hemet · Single Family Residence
Listed 11.7% above the median closed sale of $340,000. Price per sqft ($528) is a 35% premium to closed comps ($392). Closed comps sold at 100% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 425 Carmalita | Hemet | 1952 | 2 | 1 | 1,072 | 7,841 | $303 | $325,000 | 4 | 79 |
| 561 Lanier St | Hemet | 1963 | 2 | 1 | 1,026 | 7,405 | $361 | $369,950 | 61 | 75 |
| 629 Latham Avenue | Hemet | 1928 | 3 | 1 | 1,207 | 8,276 | $311 | $375,000 | 164 | 72 |
| 721 Santa Fe | Hemet | 1965 | 2 | 2 | 1,060 | 6,098 | $337 | $357,000 | 5 | 70 |
| 613 Buena Vista Street | Hemet | 1984 | 3 | 2 | 1,092 | 7,841 | $353 | $385,000 | 7 | 70 |
| Total: 5 · Average | 2.4 | 1.4 | 1,091.4 | 7,492.2 | $333 | $362,390 | 48.2 | |||
| Median | 1,072 | $369,950 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 110 Elmwood | Hemet | 1940 | 09/30/2026 | 2 | 1 | 794 | 7,841 | $349,999 | $337,000 | $424 | 0.96 | 131 | 89 |
| 415 Carmalita | Hemet | 1953 | 10/23/2026 | 2 | 1 | 925 | 7,841 | $360,000 | $365,000 | $395 | 1.01 | 139 | 82 |
| 320 Acacia Avenue | Hemet | 1930 | 11/25/2025 | 2 | 1 | 956 | 7,841 | $329,999 | $330,000 | $345 | 1.00 | 76 | 81 |
| 531 Thompson Street | Hemet | 1961 | 09/11/2026 | 2 | 1 | 884 | 8,276 | $375,000 | $370,000 | $419 | 0.99 | 39 | 81 |
| 426 State | Hemet | 1955 | 08/31/2026 | 2 | 1 | 900 | 8,276 | $320,000 | $340,000 | $378 | 1.06 | 39 | 80 |
| Total: 5 · Average | 2.0 | 1.0 | 891.8 | 8,015 | $348,400 | $348,400 | $392.2 | — | 84.8 | ||||
| Median | 900 | $340,000 | $340,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.