31273 Montgomery Avenue, Nuevo, California 92567, Nuevo, 92567 - 3 bed, 2 bath
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Nuevo, California 92567
This Value-Add Residential Asset is a High-Potential Investment Opportunity, listed at $575,000—positioned slightly above the $566,101 Fair Market Value. While requiring cosmetic updates, the property features a 11,761 sq. ft. lot, permitted garage conversion, and panoramic mountain views. With a Condition Rating of 4, the home offers a blank canvas for modernization. The inclusion of owned solar and a location within the Perris Union High School District provides long-term utility savings. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable rural retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31273 Montgomery Avenue Subject | $565,500* List Price | 3 | 2 | 1,904 | $296 | - |
A 31350 Contour Sold | $575,000 | 4 | 2 | 1,947 | $295 | 0.2 mi |
B 31535 Contour Sold | $590,000 | 3 | 2 | 1,713 | $344 | 0.3 mi |
C 21575 6th Street Sold | $550,000 | 3 | 2 | 1,788 | $308 | 0.1 mi |
D 31581 Contour Sold | $550,000 | 3 | 2 | 1,787 | $308 | 0.3 mi |
E 30964 Sunset Sold | $425,000 | 1 | 1 | 1,200 | $354 | 0.5 mi |
F 31205 Park Pending | $589,999 List Price | 4 | 3 | 1,737 | $340 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property maintains its original character with dated oak cabinetry, tile countertops, and fluorescent lighting in the kitchen and bathrooms. While the home appears functional and well-kept, the listing agent notes it needs new paint and carpet. It lacks the structural defects associated with a 'poor' rating but requires cosmetic modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1904.
The permitted garage conversion increases the total living area to 1,904 square feet, providing a more spacious interior layout and versatile living options compared to standard models.
The property features dedicated RV parking and offers stunning panoramic mountain views, catering perfectly to buyers seeking a rural lifestyle with ample space for vehicles and scenery.
The home requires immediate investment in new paint and carpeting, which may be a deterrent for buyers looking for a completely move-in-ready property.
The requirement for the buyer to assume solar payments adds a monthly financial obligation that could impact debt-to-income ratios and overall affordability.
If you are looking to live outside of the city, come and see what Nuevo has to offer. This home is on a street with other 1/4 acre properties. Very nicely landscaped, plenty of parking and also has RV parking on the side of the house. Home has 3 bedrooms and 2 baths, with a permitted enclosed garage, which makes the living space 1904 sq foot. Plantation Shutters in living room. Fireplace in family room. Originally built in 1990 and can use paint and carpet. Nuevo has it's own school district and a local charter high school. Low taxes. Solar is a purchase and buyer is to assume payments. Property is on septic. Shed Stays.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,904 | 1,897.5 | 50% |
| Lot Size | 11,761 | 18,077.5 | 34% |
| Price | $565.5K | $575.0K | 39% |
| Price per sq ft | $297 | $301 | 50% |
| Built year | 1990 | 1990 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 140 | 8% |
May 28, 2026
$565,500
$575,000
-2% Price Drop
Initial Listing
May 15, 2026
$575,000
Initial Listing
May 20, 1999
$123,500
Public Record