17751 Lake Matthew Dr., Perris, California 92570, Perris, 92570 - 2 bed, 1 bath
17751 Lake Matthew Dr.
Perris, California 92570
Property Price
SUMMARY
Analysis of 17751 Lake Matthew Dr., Perris, California 92570 reveals a Fairly Priced Property with a current list price of $1,800,000 aligned with the estimated $1,800,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 17751 Lake Matthew Dr. Subject | $1,800,000* List Price | 2 | 1 | 688 | $2,616 | - |
A 16190 Rocky Bluff Road Active | $1,650,000 List Price | 2 | 1 | 688 | $2,398 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property was built in 1931, making it 93 years old. The listing description explicitly states the 688 sqft home is 'ready for remodeling or use as a guest home,' indicating it is not in a livable or move-in ready condition. Exterior images show significant deterioration, including peeling paint and very old windows. With no interior images provided, and given the age and description, it's highly probable that the kitchen and bathroom are in extremely poor, outdated, and likely non-functional condition, requiring complete renovation. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with a 'poor' condition score where major components require repair and the property may be uncomfortable or unsafe in its current state. The high list price is clearly attributed to the extensive 30.33 acres of land, not the dwelling.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Acreage & Versatility
The property boasts an impressive 30.33 fully fenced acres, offering extensive possibilities for residential, ranching, or agricultural development.
- Robust Infrastructure & Utilities
Equipped with two deep-water wells, one shallow well, city water, and city electricity, providing exceptional utility independence and reliability for diverse uses.
- Significant Existing Outbuildings
Includes two large warehouses and a spacious 4,000 sq. ft. barn, adding substantial value and functionality for storage, agricultural operations, or animal housing.
CONSRISKS & DEFICIENCIES
- Outdated & Small Primary Residence
The existing 1931-built, 688 sqft home is small and explicitly stated as 'ready for remodeling,' indicating significant immediate investment is required for modern living.
- Potential for High Maintenance Costs
A 30.33-acre property with multiple wells, outbuildings, and extensive fencing will likely incur substantial ongoing maintenance and upkeep expenses.
- Rural Location Specificity
While offering a peaceful lifestyle, the rural setting in Perris might not appeal to all buyers seeking closer proximity to dense urban centers or specific amenities, despite highway access.
About 17751 Lake Matthew Dr.
Incredible 30.33 acre property in the desirable Lake Mathews area of Perris! This fully fenced parcel offers endless possibilities for residential, ranch, or agricultural use. The land features two deep-water wells, one regular shallow well, city water, and city electricity. A two-bedroom, one-bathroom stick-built home sits on the property ready for remodeling or use as a guest home. Additional improvements include two large warehouses and a spacious barn (approx. 4,000 sq. ft.) ideal for animals or storage. The property features olive, pomegranate, palm, and eucalyptus trees, adding natural charm and privacy. Enjoy panoramic views, open space, and a peaceful rural lifestyle while still being close to major highways, shopping, and schools. A rare opportunity with excellent infrastructure and development potential!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 1,321,175 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 4.0 | 7% |
| Baths | 1.0 | 3.0 | 8% |
| Square foot | 688 | 2,287 | 2% |
| Lot Size | 1,321,175 | 9,801 | 99% |
| Price | $1.80M | $630.1K | 99% |
| Price per sq ft | $2.6K | $307 | 99% |
| Built year | 1931 | 2005 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 148 | 203 | 28% |
Pricing History
Listed for Sale
Oct 10, 2025
$1,800,000
Initial Listing