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 $500,000—positioned above the $432,538 Fair Market Value by 15%. While the auction status and Fair Condition Rating indicate a need for significant rehabilitation, the 9,148 sq ft lot offers substantial value-add potential for expansion or an ADU. The single-story layout provides a functional foundation for a full interior modernization. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to capture long-term neighborhood appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 498 Serrana Subject | $500,000* List Price | 3 | 2 | 1,300 | $333 | - |
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.
The property was built in 1988 (36 years old) and is listed as an auction, which typically indicates an 'as-is' condition requiring rehab. Exterior images show significant neglect, including a dilapidated/failing perimeter fence and unmaintained landscaping, suggesting the systems and interior are likely original and past their functional lifespan.
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 home features a desirable single-story floor plan with an open layout, offering high accessibility and a seamless flow between living spaces for families or downsizers.
With a lot size of over 9,100 square feet, the property provides ample outdoor space for potential expansion, an ADU, or extensive landscaping projects.
The property is listed as an auction, which often implies specific terms, potential buyer premiums, or financing limitations that may restrict the pool of traditional buyers.
Constructed in 1988, the home may require updates to its original systems or interior finishes to align with modern energy efficiency and aesthetic standards.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 2,189 | 14% |
| Lot Size | 9,148 | 13,721.5 | 42% |
| Price | $500.0K | $632.5K | 18% |
| Price per sq ft | $385 | $319 | 77% |
| Built year | 1988 | 2001 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 162 | 2% |
May 20, 2026
$500,000
Initial Listing
May 27, 2005
$300,000
Public Record
Dec 31, 1997
$84,500
Public Record