122 E Bowen, Perris, California 92571, Perris, 92571 - 3 bed, 2 bath
122 E Bowen
Perris, California 92571
Property Price
SUMMARY
Analysis of 122 E Bowen, Perris, California 92571 reveals a property with a current list price of $450,000, which is 17% above the estimated $382,596 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Perris Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 E Bowen Subject | $450,000* List Price | 3 | 2 | 1,188 | $322 | - |
A 1443 Caron Sold | $465,000 | 3 | 2 | 1,133 | $410 | 0.8 mi |
B 370 Morning Sky Drive Sold | $470,000 | 4 | 2 | 1,107 | $425 | 1.0 mi |
C 1022 Ruby Drive Sold | $340,000 | 2 | 1 | 903 | $377 | 0.1 mi |
D 1731 Starboard Way Active | $475,000 List Price | 3 | 2 | 1,165 | $408 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1980, this property is over 40 years old with no evidence of significant recent renovations. The kitchen features severely outdated and damaged cabinets (some missing doors), worn laminate countertops, and old tile flooring, requiring substantial rehabilitation. Bathrooms are also very dated with old tiles and basic fixtures. While the HVAC and water heater appear to be functional, the overall interior condition, particularly the kitchen and bathrooms, indicates a need for extensive repairs and modernization to meet current living standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1188.
- Strategic Location
The property boasts a highly convenient location, situated near schools, shopping centers, and major freeways, offering excellent accessibility for residents.
- First-Time Buyer/Family Appeal
Described as ideal for first-time buyers or a new family, its welcoming layout and size cater well to this demographic.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Updates
Constructed in 1980, the home is over 40 years old, which may indicate a need for updates to systems, finishes, or appliances to meet contemporary standards.
- Significant Price Adjustment
The list price has seen a substantial increase from its original listing ($370,000 to $450,000) and from its last sale in 2020 ($290,000), which may require justification in the current market.
- Lack of Desirable Views
The property explicitly states 'view: None,' which could be a drawback for buyers who prioritize scenic outlooks or specific vistas.
About 122 E Bowen
Charming and cozy home in the heart of Perris! Conveniently located near schools, shopping centers, and major freeways, this home offers both comfort and accessibility. Ideal for first-time buyers or a new family, this property features a welcoming layout with great potential to make it your own. A fantastic opportunity you won’t want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 1,188 | 2,103 | 13% |
| Lot Size | 7,405 | 6,534 | 61% |
| Price | $450.0K | $570.0K | 9% |
| Price per sq ft | $379 | $281 | 82% |
| Built year | 1980 | 2005 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 179 | 2% |
Pricing History
Listed for Sale
Jan 28, 2026
$450,000
$370,000
+22% Price Increase
Initial Listing
Price Change
Jan 26, 2026
$370,000
Initial Listing
Sold
Feb 10, 2020
$290,000
Public Record
Sold
Oct 16, 2017
$249,000
Public Record
Sold
Feb 8, 2008
$145,000
Public Record
Sold
Mar 22, 2004
$190,000
Public Record
Sold
Mar 20, 2003
$139,500
Public Record
Sold
Dec 17, 1998
$53,000
Public Record