198 Caldera, Perris, California 92570, Perris, 92570 - 4 bed, 3 bath
198 Caldera
Perris, California 92570
Property Price
SUMMARY
Analysis of 198 Caldera, Perris, California 92570 reveals a property with a current list price of $699,000, which is 3% above the estimated $672,196 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 198 Caldera Subject | $699,000* List Price | 4 | 3 | 3,204 | $210 | - |
A 213 Caldera Street Sold | $625,000 | 4 | 4 | 3,267 | $191 | 0.1 mi |
B 3381 Sequoia Court Sold | $637,000 | 5 | 3 | 3,203 | $199 | 0.6 mi |
C 380 Monument Parkway Sold | $620,000 | 4 | 3 | 2,894 | $214 | 0.6 mi |
D 341 Caldera Street Sold | $585,000 | 4 | 3 | 2,302 | $254 | 0.4 mi |
E 2335 Rivendell Road Sold | $635,898 | 5 | 3 | 3,010 | $211 | 0.8 mi |
F 3568 Rock Butte Place Sold | $638,000 | 4 | 3 | 3,032 | $210 | 0.3 mi |
G 3397 Presidio Pending | $715,000 List Price | 4 | 3 | 3,085 | $232 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'Good' rating and is clearly move-in ready. It features significant recent capital improvements, including two brand-new air conditioning systems and a new water heater, which addresses major system longevity. The interior boasts modern updates such as waterproof laminate flooring, upgraded baseboards, and crown molding. The kitchen is well-appointed with granite countertops and a large island, and the exterior has been freshly painted, showing pride of ownership and minimal deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Infrastructure Upgrades
The property features two brand-new air conditioning systems, a new large water heater, and fresh exterior paint, providing significant value and peace of mind regarding immediate maintenance costs.
- Versatile Main-Level Living
A rare and highly functional floor plan offers a massive primary suite plus an additional bedroom on the first floor, making it ideal for multi-generational families or those seeking long-term accessibility.
- Exceptional Parking and Storage
The expansive 4-car garage with a courtyard entrance provides superior space for vehicles, a workshop, or hobby storage, a premium feature that is difficult to find in standard residential listings.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Lack of Scenic Views
Despite its desirable cul-de-sac location, the property does not offer any significant views, which may be a disadvantage compared to other homes in the Gavilan Hills area.
- Modest School Ratings
The assigned middle and high schools carry lower academic ratings (ranging from 2 to 4), which could impact the property's appeal to education-focused buyers and long-term appreciation.
About 198 Caldera
Gorgeous 4-bedroom, 2.5-bath residence with a 4-car garage with courtyard entrance, located in a quiet and highly desirable Perris neighborhood at the end of the Cul-De-Sac, right next to Monument Ranch Park and very close to Granite Hills Elementary School. NEW 2 BRAND-NEW AIR CONDITIONERS & SYSTEM!!! NEW LARGE WATER HEATER!! This beautifully designed home offers a spacious open floor plan with a HUGE primary suite on the FIRST LEVEL!!! complete with a spa-like bathroom, separate shower, oval bathtub, and walk-in closet, along with an additional spacious bedroom downstairs. Upon entering the family room, enjoy soaring two-story ceilings, a refined ceiling fan, and abundant natural light. Thoughtfully designed for comfort and entertaining, the main level features separate, generous living and dining rooms, a customized built-in desk with fine cabinetry ideal for a home office, elegant laminated waterproof flooring, upgraded baseboards and crown molding, an enhanced fireplace, and stylish ceiling fans throughout. The gourmet kitchen with beautifully designed granite countertops boasts a large center island, a walk-in pantry!! perfect for gatherings. Downstairs, a large Laundry room with shelves!! Upstairs, a spacious loft with built-in storage overlooks the family room and is accompanied by two generously sized bedrooms and a large bathroom. The expansive 4-car garage offers ample space for parking and additional storage. The beautifully landscaped backyard features new turf, a decorative fountain, an upgraded covered patio with recessed lighting and ceiling fan throughout, and a storage shed—ideal for relaxing or entertaining. Additional upgrades include a freshly painted exterior. This move-in-ready home offers modern comfort, style, and exceptional functionality throughout. NO HOA!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Perris Unified Schools
Railway Elementary School
Grades K-6 • 1.6 mi
Pinacate Middle School
Grades 7-8 • 1.9 mi
Ethan A Chase Middle School
Grades 6-8 • 5.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,204 | 2,287 | 85% |
| Lot Size | 8,712 | 9,365.5 | 49% |
| Price | $699.0K | $630.1K | 64% |
| Price per sq ft | $218 | $306 | 12% |
| Built year | 2005 | 2005 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 203 | 3% |
Pricing History
Listed for Sale
Feb 20, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Price Change
Jan 10, 2026
$725,000
Initial Listing
Sold
Sep 25, 2013
$287,000
Public Record
Sold
Mar 25, 2011
$219,000
Public Record
Sold
Apr 25, 2007
$390,000
Public Record
Sold
Sep 30, 2005
$458,500
Public Record