129 Olivetree Drive, Perris, California 92571, Perris, 92571 - 2 bed, 1 bath
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Perris, California 92571
This Move-In Ready Single-Story Residence is listed at $429,900, representing a stable entry point aligned with its $412,302 Fair Market Value. Boasting a Move-In Ready Condition Rating, the home features significant cosmetic updates including Luxury Vinyl Plank Flooring and a Private Backyard with Patio. The attached two-car garage presents a strategic ADU Studio Conversion Potential, providing a clear path for future value-add within the Perris Union High District. This polished starter home is an ideal match for first-time buyers or Owner-Occupants seeking a versatile, turn-key asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 129 Olivetree Drive Subject | $429,899* List Price | 2 | 1 | 794 | $519 | - |
A 1829 Springtree Sold | $449,888 | 2 | 1 | 866 | $520 | 0.1 mi |
B 513 Wildwood Sold | $440,000 | 2 | 1 | 820 | $537 | 0.7 mi |
C 1562 Remembrance Drive Sold | $395,000 | 2 | 2 | 930 | $425 | 0.5 mi |
D 1462 Apple Creek Sold | $435,000 | 2 | 2 | 1,044 | $417 | 0.8 mi |
E 2269 Firebrand Sold | $500,000 | 2 | 2 | 1,062 | $471 | 0.5 mi |
F 484 Harvest Sold | $410,000 | 3 | 2 | 900 | $456 | 0.7 mi |
G 575 Prairie Way Active | $455,000 List Price | 3 | 2 | 900 | $506 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent cosmetic updates, including luxury vinyl plank flooring throughout and fresh interior paint. While the 1985 build date is reflected in the popcorn ceilings and older-style cabinetry that has been refreshed with paint, the home is well-maintained and functional with no immediate repairs required.
The home is move-in ready with modern updates, including luxury vinyl plank flooring throughout, offering a low-maintenance and refreshed interior for the next owner.
The attached two-car garage presents a significant opportunity for a future ADU studio conversion, providing excellent versatility for investors or multi-generational living.
The single-story floor plan offers a seamless flow between living, dining, and kitchen areas, making it highly accessible and efficient for everyday living.
At only 794 square feet with a single bathroom, the compact size of the home may limit its appeal to larger families or those requiring more interior space.
With over 60 days on the market and multiple price reductions from the original listing price, the property may face challenges regarding perceived market value.
Welcome to 129 Olivetree Dr, a move in ready single-story home located in an established neighborhood within the growing City of Perris. With continued development, expanding amenities, and convenient commuter access, Perris has become an increasingly attractive option for buyers seeking value, space, and long-term upside in Riverside County. This charming residence offers 2 bedrooms, 1 bathroom, and approximately 794 square feet of thoughtfully updated living space. Inside, you’ll find luxury vinyl plank flooring throughout, creating a clean and modern look while offering durability and easy maintenance. The functional floorplan provides a comfortable flow between the living room, dining area, and kitchen, making the home feel open and efficient for everyday living. The kitchen and living spaces are well positioned for both relaxing and entertaining, while the overall condition of the home reflects pride of ownership and true turnkey appeal. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this property is ready for its next chapter. Situated on an approximately 3,920 square foot lot, the backyard offers private outdoor space with room to garden, entertain, or create your own retreat. The attached two car garage provides ample parking and storage, while also presenting possible future ADU or studio conversion potential for those exploring additional income or flexible living options. Buyer to verify all ADU possibilities, zoning, and requirements with the City of Perris. Additional features include laundry hookups in the garage, welcoming curb appeal, and a location convenient to local parks, schools, shopping centers, dining, and freeway access for commuters traveling throughout the Inland Empire. Perris continues to evolve with new growth, infrastructure, and investment, making now an exciting time to purchase in the area. Whether you are looking for a comfortable place to call home or a smart real estate investment, 129 Olivetree Dr offers affordability, functionality, and future potential all in one package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 1.0 | 3.0 | 4% |
| Square foot | 794 | 2,111 | 1% |
| Lot Size | 3,920 | 6,518 | 19% |
| Price | $429.9K | $570.0K | 6% |
| Price per sq ft | $541 | $277 | 99% |
| Built year | 1985 | 2005 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 184 | 5% |
Apr 21, 2026
$429,899
$429,900
+0% Price Increase
Initial Listing
Apr 14, 2026
$429,900
$429,990
+0% Price Increase
Initial Listing
Apr 4, 2026
$429,990
$438,990
-2% Price Drop
Initial Listing
Mar 30, 2026
$438,990
$439,000
+0% Price Increase
Initial Listing
Mar 25, 2026
$439,000
$439,900
+0% Price Increase
Initial Listing
Mar 11, 2026
$439,900
$440,000
+0% Price Increase
Initial Listing
Feb 11, 2026
$440,000
Initial Listing
Feb 23, 2023
$405,000
Public Record
Jan 21, 2016
$175,000
Public Record
Jul 2, 2010
$105,000
Public Record
Feb 3, 2010
$57,000
Public Record
Jun 2, 2006
$290,000
Public Record