22540 Markham, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath
ACTIVE$799,000
22540 Markham, Perris, California 92570
3Beds
2Baths
1,736Sqft
37,026Lot
Price Vs. Estimate
The estimated value ($532,786.165) is $266,213.835 (33%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top 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 = 37026, living area = 1736.
Top Cons:
Significant Overpricing: The current list price of $799,000 is 33% above the estimated property value of $532,786, suggesting it may be significantly overpriced for the market.
Compared to the nearby listings
Price:$799.0K vs avg $613.7K (+$185,334)79%
Size:1,736 sqft vs avg 2,224 sqft26%
Price/sqft:$460 vs avg $30195%
More Insights
Built in 1999 (26 years old).
Condition: This 1999 mobile home is functional but shows its age and requires significant updates. While the kitchen and one bathroom have received recent cosmetic updates (gray painted cabinets, laminate flooring, white subway tile backsplash in kitchen), the appliances are mixed (newer fridge, older range), and lighting is dated. The second bathroom is very dated with black and white checkerboard flooring and an older vanity. The exterior appears neglected with overgrown landscaping and a dated carport structure. The property is livable but needs substantial aesthetic and potential system updates to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1999
Close
-
List price
$799K
Original List price
$850K
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
IV24100441
Home ConditionFair
Features
Patio
View-
About this home
This property features a 3 bedroom, 2 bathroom mobile home with 1736 square feet of living space. Primary bedroom offers a huge walk in closet. Indoor washer and dryer hook ups. The layout is spacious and with a little imagination, the possibilities are endless. Don't miss out on this exciting chance to create the home of your dreams. But the best part? This property comes with a massive detached garage, complete with large doors perfect for storing your RV or any other toys you may have. And to top it off, the property sits on a little over three quarters of an acre - plenty of space to make it your own. Plus, the lot next door is also for sale, meaning you could potentially expand your property even further. Located on the Main Street, this property is surrounded by new up and coming industrial buildings, making it a great investment opportunity.
Condition Rating
Fair
This 1999 mobile home is functional but shows its age and requires significant updates. While the kitchen and one bathroom have received recent cosmetic updates (gray painted cabinets, laminate flooring, white subway tile backsplash in kitchen), the appliances are mixed (newer fridge, older range), and lighting is dated. The second bathroom is very dated with black and white checkerboard flooring and an older vanity. The exterior appears neglected with overgrown landscaping and a dated carport structure. The property is livable but needs substantial aesthetic and potential system updates to meet current standards, aligning with the 'Fair' condition criteria.
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 = 37026, living area = 1736.
Large Lot Size: The property sits on a substantial 37,026 square foot lot (over three quarters of an acre), offering ample outdoor space and potential for various uses.
Massive Detached Garage: A significant value-add is the massive detached garage with large doors, ideal for storing RVs, recreational vehicles, or serving as a workshop.
Investment Potential: Located on Main Street and surrounded by new industrial buildings, the property presents a strong investment opportunity with potential for future appreciation or commercial redevelopment.
Expansion Opportunity: The availability of the adjacent lot for sale offers a unique chance to expand the property further, increasing its overall size and potential.
Spacious Interior: The 1736 square foot mobile home provides a spacious 3-bedroom, 2-bathroom layout with indoor laundry hookups and a large primary walk-in closet, offering comfortable living space.
Cons
Significant Overpricing: The current list price of $799,000 is 33% above the estimated property value of $532,786, suggesting it may be significantly overpriced for the market.
Mobile Home Structure & Age: As a 1999-built mobile home, it may face challenges with financing, perceived value, and potential for dated systems or finishes compared to traditional stick-built homes.
Location's Residential Appeal: While offering investment potential due to industrial growth, its 'Main Street' location amidst industrial buildings may detract from its appeal as a quiet, traditional residential property.