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338 Mildred, Perris, California 92571, Perris, 92571 - 4 bed, 3 bath

338 Mildred, Perris, California 92571 home-pic-0
ACTIVE UNDER CONTRACT$499,999
338 Mildred, Perris, California 92571
4Beds
3Baths
1,998Sqft
4,792Lot
Year Built
1991
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
DW25277019
Home ConditionFair
Features
View-

About this home

Great Deal:The estimated price is 4% above the list price. We found 4 Cons,5 Pros. Rank: price - $500.0K(26th), sqft - 1998(48th), beds - 4(50th), baths - 3(50th).

Welcome to this spacious 4-bedroom, 2.5-bath home in a quiet Perris neighborhood with No HOA and low special assessments. Featuring nearly 2,000 sq ft of open living space, and a large flat backyard with endless potential, this move-in ready residence offers an updated interior, fresh finishes, and a large blank-slate backyard ready for your vision. The main floor features new flooring throughout, abundant natural light, a cozy fireplace, and an expansive living area designed for flexible use. The kitchen includes ample cabinet storage, a stainless-steel range, recessed lighting, and a large window overlooking the backyard. All 4 bedrooms are located upstairs for added privacy, including a generous primary suite. Additional features include an attached 2-car garage, indoor laundry room with storage, updated fixtures, and fresh interior paint. The oversized backyard offers room for outdoor entertaining, garden beds, play area, ADU potential (buyer to verify), or future customization. Located conveniently near shopping, schools, parks, and quick 215 freeway access. FHA, VA, and government-backed financing welcome! Your future home awaits!

Price History

Date
Event
Price
12/16/25
Listing
$499,999
09/15/25
Sold
$365,000
09/15/25
Sold
$399,000
09/11/98
Sold
$71,000
Condition Rating
Fair
The property, built in 1991 (33 years old), has received recent cosmetic updates including new flooring, fresh paint, and updated fixtures, making it move-in ready. The kitchen features a stainless-steel range and recessed lighting, suggesting some modernization, but the description doesn't indicate a full renovation of cabinets or countertops, and bathroom details are vague beyond 'updated fixtures.' Crucially, the property analysis highlights that 'core structure and some major systems (e.g., roof, HVAC, plumbing) may be original or nearing the end of their typical lifespan,' preventing a 'Good' rating. While cosmetically refreshed, the underlying age of major systems and potentially outdated core elements place it in the 'Fair' category, requiring minor updates or repairs to bring it to a higher standard.
Pros & Cons

Pros

No HOA & Low Special Assessments: The absence of an HOA and low special assessments significantly reduces monthly ownership costs and offers greater freedom for property customization.
Move-in Ready & Updated Interior: The home features new flooring, fresh finishes, updated fixtures, and fresh interior paint, making it immediately habitable without major renovations.
Spacious & Functional Layout: Nearly 2,000 sq ft with 4 bedrooms and 2.5 baths, an expansive living area, and all bedrooms located upstairs provides ample space and privacy for residents.
Large, Versatile Backyard with ADU Potential: The oversized, flat backyard offers extensive potential for outdoor entertaining, gardening, play areas, and the valuable possibility of adding an Accessory Dwelling Unit (ADU).
Favorable Financing & Convenient Location: The property welcomes FHA, VA, and government-backed financing, broadening the buyer pool, and is conveniently located near shopping, schools, parks, and freeway access.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-09-15. The sold price is $365,000.00. The property was recently sold within the past year on 2025-09-15. The sold price is $399,000.00.
Undeveloped Backyard: Described as a 'blank-slate backyard,' it currently lacks developed landscaping or features, requiring significant investment and effort from the new owner to realize its full potential.
Age of Property: Built in 1991, while updated, the core structure and some major systems (e.g., roof, HVAC, plumbing) may be original or nearing the end of their typical lifespan, potentially requiring future maintenance or replacement.
Perris Market Perception: While offering affordability, the Perris market may have a different perception compared to more established or higher-demand Southern California areas, potentially influencing long-term appreciation rates.

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