507 Coudures Way, Perris, California 92571, Perris, 92571 - 3 bed, 3 bath
507 Coudures Way
Perris, California 92571
Property Price
SUMMARY
Analysis of 507 Coudures Way, Perris, California 92571 reveals a property with a current list price of $540,000, which is 24% above the estimated $432,174 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Perris Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 Coudures Way Subject | $540,000* List Price | 3 | 3 | 1,850 | $234 | - |
A 136 Elmtree Drive Sold | $520,000 | 3 | 3 | 1,507 | $345 | 0.5 mi |
B 185 Peppertree Drive Sold | $475,000 | 3 | 3 | 1,461 | $325 | 0.5 mi |
C 509 Granite View Sold | $502,000 | 4 | 3 | 1,650 | $304 | 0.1 mi |
D 2107 Star Thistle Sold | $385,000 | 3 | 3 | 1,391 | $277 | 0.1 mi |
E 701 Citrus Sold | $485,000 | 3 | 2 | 1,492 | $325 | 0.2 mi |
F 1506 Keepsake Sold | $443,000 | 3 | 3 | 1,300 | $341 | 0.7 mi |
G 1491 Portrait Active | $485,000 List Price | 4 | 3 | 1,500 | $323 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1994, the property's main kitchen and bathrooms are significantly dated with older cabinets, tile countertops, and fixtures, indicating a lack of major renovation in 15-30 years. While the main house appears functional, the presence of 'non-permitted garage conversion' and a 'converted storage shed' are major weaknesses. These unpermitted additions pose potential legal, safety, and structural integrity concerns, requiring substantial rehabilitation, legalization, or removal, which aligns with the 'Poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Additional Living Spaces
The property includes a garage conversion with two extra bedrooms, a bathroom, and a kitchenette, plus a converted shed studio, offering significant flexibility for multi-generational living, rental income potential, or dedicated workspaces.
- Prime Commuter-Friendly Location
Strategically located with easy access to shopping, public transportation, and major freeways, enhancing convenience for daily errands and commutes.
- Well-Maintained & Bright Interior
Described as a 'well-maintained property' featuring a 'functional floor plan' and 'abundant natural light,' suggesting a comfortable and inviting living environment.
CONSRISKS & DEFICIENCIES
- Unpermitted Conversions
The significant garage conversion (extra bedrooms, bathroom, kitchenette) and the shed studio are explicitly 'non-permitted,' presenting potential legal, safety, and insurance liabilities, and may require costly legalization or removal.
- Aging Systems & Potential Updates
Built in 1994, the property's core systems and finishes are approaching 30 years old, which may necessitate future updates or maintenance to meet modern standards or prevent issues.
- Limited Outdoor Space
With a lot size of 3920 sqft, the property offers relatively limited outdoor space, which might be a drawback for buyers seeking a larger yard or extensive landscaping opportunities.
About 507 Coudures Way
Welcome to this spacious 3-bedroom, 2.5-bathroom single-family home located in the heart of Perris. This well-maintained property features a functional floor plan with abundant natural light, a generously sized kitchen, and inviting living spaces ideal for everyday living. The home includes a 2-car garage and driveway for ample parking. In addition, there is a non-permitted garage conversion offering two extra bedrooms, a bathroom, and a kitchenette—providing flexible living or workspace options. The backyard also features a converted storage shed that functions as a studio. Conveniently located near shopping, public transportation, and major freeway access, this home offers practical living in a desirable area of Perris. Don’t miss this unique opportunity—schedule your showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1994
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,850 | 2,103 | 41% |
| Lot Size | 3,920 | 6,534 | 16% |
| Price | $540.0K | $570.0K | 44% |
| Price per sq ft | $292 | $281 | 60% |
| Built year | 1994 | 2005 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 179 | 9% |
Pricing History
Listed for Sale
Dec 16, 2025
$540,000
Initial Listing
Sold
Sep 13, 2017
$280,000
Public Record
Sold
Dec 17, 2009
$147,000
Public Record
Sold
Nov 23, 2004
$140,000
Public Record
Sold
Apr 20, 2001
$139,500
Public Record