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21740 Elmwood Street, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath

21740 Elmwood Street, Perris, California 92570 home-pic-0
ACTIVE$1,500,000
21740 Elmwood Street, Perris, California 92570
3Beds
2Baths
1,452Sqft
45,302Lot
Year Built
1985
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$1,033
HOA
-
Days on market
-
Sold On
-
MLS number
IV24176329
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.50M(98th), sqft - 1452(18th), beds - 3(34th), baths - 2(43th).

Ranch style Elegance, This 3 bedroom 2 bathroom renovated single story home, where the comfort meets functionality with a spacious and open floor plan kitchen and bathrooms are designed to enhance your lifestyle, the fully landscaped yard is a true retreat plenty of space for outdoor gatherings, big family or business events, property comes with water rights a rare and valuable feature, providing you with a reliable and cost effective water source for all needs. Home is located in a thriving incorporated area, this property not only offers a peaceful residential experience but also the convenience of nearby amenities, shopping and major freeway access not to mention the opportunity to expand or even run a business from home, the possibilities are endless, There is also the possibility to purchase this other property with parcel #318130019 as one transaction for additional cost, information available up on request.

Condition Rating
Excellent
Despite being built in 1985, this property has undergone a comprehensive and recent renovation, as explicitly stated in the description and clearly visible in the images. The kitchen boasts modern white shaker cabinets, stainless steel appliances, quartz countertops, and a subway tile backsplash, all appearing new. Both bathrooms are fully updated with contemporary vanities, fixtures, and tiling. The interior features new tile flooring, fresh paint, and updated lighting throughout, presenting a virtually new and move-in ready condition that meets current quality standards with no visible deferred maintenance.
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 = 45302, living area = 1452.
Valuable Water Rights: The property includes rare and valuable water rights, providing a reliable and cost-effective water source for all needs, which is a significant long-term asset.
Renovated & Open Floor Plan: The home features a renovated interior with a spacious and open floor plan, including updated kitchen and bathrooms, enhancing comfort and modern living.
Expansive Landscaped Yard: A fully landscaped yard offers ample space for outdoor gatherings, family events, or even business activities, serving as a true retreat.
Business & Expansion Potential: The property offers significant flexibility with the opportunity to expand or run a business from home, providing diverse future possibilities and value.
Convenient Location: Located in a thriving incorporated area, the property benefits from nearby amenities, shopping, and major freeway access, combining peaceful residential living with convenience.

Cons

High Price Per Square Foot: The list price of $1.5 million for a 1452 sqft home represents a very high price per square foot, potentially limiting the buyer pool to those specifically valuing the land, water rights, and business potential over the dwelling size.
Older Construction Year: Built in 1985, despite renovations, the underlying structure is older, which may raise concerns about the condition or age of core systems (e.g., HVAC, plumbing, electrical) not explicitly mentioned as updated.
Absence of Premium Views: The property explicitly states 'view: None,' indicating a lack of desirable scenic views that could otherwise enhance its market value and appeal, particularly at this price point.

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