22735 Markham Street, Perris, California 92570, Perris, 92570 - 4 bed, 3 bath
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Perris, California 92570
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $928,902 Fair Market Value by 3%. This valuation gap offers $29,902 in Instant Equity. Featuring a Condition Rating of 3, the home includes a massive 94,961 sq. ft. lot with Development Potential for a second unit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage land utility and future subdivision upside.
Property is move-in ready.
Built in 2006, the property falls within the 20-year age bracket. The interior appears well-maintained and move-in ready with updated laminate flooring in common areas, recessed lighting, and clean walls. While the carpets in the bedrooms show some minor wear consistent with age, the overall structure and systems are functional and do not indicate a need for immediate major rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 94961, living area = 2504.
The property boasts over 2 acres of land, providing exceptional privacy and ample space for outdoor activities, equestrian use, or additional structures.
Includes an adjacent lot with existing plans for a second unit and subdivision, offering a significant head start for investors or those seeking multi-generational living.
Despite the expansive lot size, the property is listed as having no views, which may limit its appeal to buyers seeking a traditional hillside or panoramic estate feel.
The premium price point relies heavily on the subdivision potential, requiring the buyer to commit additional time and capital to complete the second unit project.
OVER 2 ACRES OF LAND, GREAT LOCATION 4 BEDROOM 3 BATH HOME, BUILT IN 2006. DON'T MISS THIS BEAUTIFUL 4 BEDROOM HOME, IT COMES WITH THE ADJACENT LOT NEXT TO IT. TOTAL LAND IS OVER 2 ACRES COMBINED. SELLER HAD SUBMITTED PLANS TO BUILD A SECONT UNIT BEHIND THIS HOME. PLAN WAS TO SUBDIVIDE THE LOTS, HAVE IT'S OWN METERS FOR ALL SERVICES. SELLER WILL PROVIDE ANY INFORMATION ON HAND IN CASE THE BUYER WISHES TO BUILD, THIS WILL SAVE THE BUYERS COSTS AND FEES.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,504 | 1,916 |
| Lot Size | 94,961 | 7,016 |
| Price | $899.0K | $583.5K |
| Price per sq ft | $359 | $293 |
| Built year | 2006 | 1997 |
| HOA | $0 | $99 |
| Days on market | 11 | 67 |
Jul 11, 2026
$899,000
Initial Listing
Jan 4, 2017
$380,000
Public Record
Apr 1, 2004
$313,000
Public Record
Aug 15, 2003
$88,000
Public Record
Apr 27, 2001
$50,000
Public Record