20407 Markham, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath

20407 Markham, Perris, California 92570 home-pic-0
ACTIVE$699,000
20407 Markham, Perris, California 92570
3Beds
2Baths
1,296Sqft
64,468.801Lot
Year Built
1937
Close
-
List price
$699K
Original List price
$730K
Price/Sqft
$539
HOA
-
Days on market
-
Sold On
-
MLS number
IG25242517
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,6 Pros. Rank: price - $699.0K(71th), sqft - 1296(9th), beds - 3(34th), baths - 2(43th).

Price Reduced and Amazing Opportunity! Nice 3 bedroom, 2 bathroom home on 1.48 acres of usable land. This property is ready for a potential ADU opportunity and plenty of space left over for for your RVs, work trucks, or whatever suits your needs.

Price History

Date
Event
Price
11/13/25
Price Change
$699,000-4.2%
10/18/25
Listing
$729,500
Condition Rating
Poor

The property, built in 1937, exhibits significant age and a clear lack of modern updates throughout its interior. The kitchen features highly outdated tile countertops, older painted cabinets, and basic appliances, suggesting a renovation from many decades ago. Similarly, the bathroom displays very dated blue and white tile work, an old faucet, and a worn bathtub. While the exterior appears maintained, the interior finishes, including flooring and light fixtures, are well past their prime and require substantial rehabilitation. This condition aligns with the 'Poor' category, indicating a need for significant modernization and likely major system replacements due to the home's advanced age.
Pros & Cons

Pros

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 = 64468, living area = 1296.
Expansive Usable Land: The property boasts a significant 1.48 acres of usable land, offering ample space for various activities, privacy, and potential future expansion.
ADU Development Potential: Explicitly highlighted as ready for a potential Accessory Dwelling Unit (ADU), this offers a clear opportunity for increased property value, rental income, or multi-generational living.
Ample Vehicle & Equipment Storage: The large lot provides abundant space for parking RVs, work trucks, or other large vehicles and equipment, catering to specific owner needs.
Recent Price Reduction: The property has seen a price reduction from $729,500 to $699,000, indicating a motivated seller and potentially offering better value for prospective buyers.
Versatile Outdoor Space: Beyond ADU and parking, the extensive usable land allows for diverse outdoor projects, gardening, recreation, or even small-scale agricultural pursuits.

Cons

Advanced Age of Home: Built in 1937, the main residence is 87 years old, suggesting potential for outdated systems, finishes, and a likely need for significant modernization and maintenance investments.
Modest Home Size Relative to Lot: The 1296 sqft home is relatively small for a property situated on 1.48 acres, which might be a limitation for buyers seeking more expansive interior living space.
Lack of Scenic Views: The property description explicitly states 'view: None,' indicating an absence of desirable scenic vistas, which could be a drawback for some buyers.

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