498 Serrana, Perris, California 92570, Perris, 92570 - 3 bed, 2 bath
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Perris, California 92570
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $422,452 Fair Market Value by -6%. While the home currently holds a Fair Condition Rating due to necessary interior rehabilitation, the 9,148 sqft lot provides significant utility for future expansion. This asset requires a strategic renovation to modernize the original 1988 systems and finishes. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to capture value through forced appreciation in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 498 Serrana Subject | $450,000* List Price | 3 | 2 | 1,300 | $325 | - |
A 815 Georgiana Court Sold | $490,500 | 3 | 2 | 1,249 | $393 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1988 (36 years old) with no evidence of recent renovation. The kitchen and bathrooms feature original cabinetry and fixtures showing significant wear. Visible wall damage, popcorn ceilings, and the presence of a window AC unit in a home with central vents suggest failing systems and a need for a full interior rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1300.
The property sits on a substantial 9,148 sqft lot, providing ample outdoor space for recreation, gardening, or potential future expansions.
The home features a desirable single-story floor plan with an open and bright layout, ideal for accessibility and modern everyday living.
The property is being sold via auction, which may involve specific terms, buyer premiums, or timelines that can be more complex than a traditional sale.
With 63 days on the market and a significant price drop, the property may face challenges regarding buyer perception or underlying competition in the area.
AUCTION: Welcome to 498 Serrana Rd — a charming 3-bedroom, 2-bath home offering 1,300 sq ft of comfortable living in the community of Perris, CA. This inviting single-story residence features a bright and open layout designed for easy everyday living. The spacious living area creates a warm, welcoming atmosphere, perfect for relaxing or hosting family and friends.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,300 | 1,916 |
| Lot Size | 9,148 | 7,016 |
| Price | $450.0K | $583.5K |
| Price per sq ft | $346 | $293 |
| Built year | 1988 | 1997 |
| HOA | $0 | $99 |
| Days on market | 63 | 67 |
Jul 22, 2026
$450,000
$500,000
-10% Price Drop
Initial Listing
May 20, 2026
$500,000
Initial Listing
May 27, 2005
$300,000
Public Record
Dec 31, 1997
$84,500
Public Record