1204 Lilac Ridge, Perris, California 92571, Perris, 92571 - 5 bed, 3 bath
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Perris, California 92571
This 5-bedroom residence in the May Ranch neighborhood represents a High-Potential Investment Opportunity, listed at $530,000—positioned well above the $473,587 Fair Market Value by -11%. With a Condition Rating of 4, the property features original 90s-era finishes, offering a clear path for value-add cosmetic renovations. The functional floor plan and proximity to top-rated schools like May Ranch Elementary make this a versatile asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic modernization.
5-bedroom home in Perris May Ranch. Spacious floor plan, great school district, and prime location near Lake Perris. Perfect value-add project for buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1204 Lilac Ridge Subject | $530,000* List Price | 5 | 3 | 2,033 | $233 | - |
A 1216 Lilac Ridge Drive Sold | $479,900 | 4 | 3 | 1,825 | $263 | 0.0 mi |
B 3653 Alhambra Sold | $548,000 | 4 | 4 | 2,131 | $257 | 0.5 mi |
C 1440 Avila Drive Sold | $499,950 | 3 | 3 | 2,131 | $235 | 0.3 mi |
D 1429 Alta Palma Sold | $539,000 | 3 | 3 | 1,876 | $287 | 0.4 mi |
E 3902 Bluff Sold | $550,000 | 4 | 3 | 2,111 | $261 | 0.3 mi |
F 3688 Alhambra Lane Sold | $450,000 | 4 | 3 | 2,181 | $206 | 0.4 mi |
G 1217 Strand Active | $550,000 List Price | 4 | 3 | 1,948 | $282 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old), the property is dated and largely original. The kitchen features 90s-era dark wood cabinetry, white appliances, and fluorescent light boxes. While the home appears functional and well-maintained, it exceeds the 20-year threshold without a significant renovation, requiring cosmetic updates to the kitchen and bathrooms to meet modern standards.
With five full bedrooms, this property is perfectly suited for large or multi-generational families, offering rare capacity for its square footage and price point.
Situated in a highly desirable neighborhood, the home provides excellent proximity to Lake Perris, local schools, and shopping, making it ideal for active lifestyles.
The floor plan features both a formal living room and a separate family room with a fireplace, providing versatile zones for both formal entertaining and casual daily use.
The 3,920 sq. ft. lot is relatively small for a five-bedroom residence, which may limit outdoor recreational space and privacy for the occupants.
The mention of 'potential to make it your own' suggests the interior may require modern updates or cosmetic improvements to reach its full market potential.
Spacious 5-bedroom, 2.5-bath home located in a desirable May Ranch neighborhood! Offering approximately 2,033 sq. ft. of living space, this home provides plenty of room for growing or multi-generational families. his well-designed floor plan features a formal living room as well as a separate family room complete with a cozy fireplace—perfect for both entertaining and everyday living. Conveniently located near shopping, schools, parks, and beautiful Lake Perris, with easy freeway access for commuters. Inside, you’ll find a functional layout with endless potential to make it your own. Whether you’re looking for extra space, investment potential, or a centrally located home close to everyday amenities, this property is a must-see!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,033 | 2,085.5 | 49% |
| Lot Size | 3,920 | 6,098 | 20% |
| Price | $530.0K | $561.0K | 38% |
| Price per sq ft | $261 | $276 | 37% |
| Built year | 1996 | 2005 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 179 | 1% |
May 27, 2026
$530,000
Initial Listing
Sep 18, 2008
$215,000
Public Record
Sep 3, 2004
$300,000
Public Record
Feb 10, 2004
$222,000
Public Record