
Perris, California 92570
This Spacious Ranch-Style Home represents a Strong Value Opportunity, listed at $748,955—positioned well below the $749,740 Fair Market Value by 0.1%. With a Fair Condition Rating, the property features recent mechanical upgrades, including a 2022 HVAC and 2023 heater, alongside a massive 1-acre lot. Its Equestrian and Contractor Utility makes it a versatile asset for those needing space for equipment or animals. This property is an ideal acquisition for Contractors or Owner-Occupants seeking a private, scenic retreat with significant customization potential.
Property is moderate renovation needed.
While the home features excellent recent system updates (HVAC 2022/2023) and partial cosmetic refreshes (Quartz countertops 2023, primary shower 2024), the 1977 structure remains largely dated. The presence of original popcorn ceilings, wood paneling, and old green carpeting—for which the seller is offering an allowance—places it in the 'Fair' category as it requires further interior modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2235.
The flat one-acre lot is fully fenced with dedicated horse facilities and side-gate access, making it an ideal setup for animal owners or contractors requiring secure storage for heavy equipment and trailers.
The property features significant recent upgrades including a new AC (2022), heater (2023), fresh interior/exterior paint (2024), and quartz countertops, significantly reducing immediate maintenance concerns for the buyer.
The seller's offer of a carpet allowance suggests that the existing flooring is dated or worn and will likely require immediate replacement upon move-in.
While offering privacy, the property is located several miles from major shopping centers and schools, which may be a disadvantage for buyers prioritizing suburban convenience and short commute times.
House for Sale in Lake Mathews, CA – Horse Property & Contractor’s Dream Near Corona and Riverside Enjoy peaceful country living in desirable Lake Mathews estates, just minutes from Corona, Riverside, and Moreno Valley. This well-maintained ranch-style home sits in a quiet setting with no neighbors directly on the north side, offering privacy, space, and endless possibilities. Perfect for horse owners, contractors, or anyone needing extra room for vehicles, trailers, equipment, or recreational toys. The property features chain-link fencing with side access gates, plus a separate fully fenced area ideal for horses or animals. The inviting family room features vaulted wood-beam ceilings, a large brick fireplace, and rustic wood accents that add warmth and character. Sliding patio doors open to a covered backyard patio with scenic views. Recent improvements include: Central AC replaced in 2022 Heater replaced in 2023 Interior and exterior paint completed in Spring 2024 Primary bathroom shower updated with modern stone tile in 2024 Inside, the home offers a spacious and functional layout with large windows that bring in natural light. The sunken living room flows into the dining area and open kitchen, creating a comfortable space for everyday living and entertaining. The kitchen has been tastefully updated with: Quartz countertops (2023) Stainless steel double sink Plenty of cabinet and counter space Room for a center island Breakfast bar overlooking the family room A recent home inspection has already been completed to add peace of mind for buyers of an older home. The spacious primary suite includes a walk-in closet, dual sinks, extra cabinet storage, and enough space for a sitting area. One secondary bedroom has its own dedicated breaker, ideal for a home office or heavier electrical use. Additional features include: Two additional roomy bedrooms Hallway storage and built-in cabinetry Secondary bathroom with shower/tub combo Oversized 3-door garage with extra storage/workspace areas Washer and dryer hookups in garage Seller may consider a carpet allowance. If you’re looking for privacy and the flexibility of country living while still being close to the city, this Lake Mathews property is a must-see.
No exterior & parking available.
Grades K-6 • 9.1 mi
Grades K-6 • 14.6 mi
Grades 6-8 • 8.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,235 | 2,190 | 55% |
| Lot Size | 43,560 | 13,939 | 63% |
| Price | $749.0K | $635.0K | 67% |
| Price per sq ft | $335 | $319 | 60% |
| Built year | 1977 | 2001 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 159 | 2% |
May 28, 2026
$748,955
Initial Listing
Jun 2, 1994
$152,000
Public Record