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575 Prairie, Perris, California 92571, Perris, 92571 - 3 bed, 2 bath

575 Prairie, Perris, California 92571 home-pic-0
ACTIVE$455,000
575 Prairie, Perris, California 92571
3Beds
2Baths
900Sqft
4,356Lot

Price Vs. Estimate

The estimated value ($401,686.13) is $53,313.87 (11%) lower than the list price ($455,000). This property may be overpriced.

Key pros and cons

Top Pros:
Affordable Entry Point: Priced as an ideal opportunity for first-time home buyers or those looking to downsize, offering an accessible entry into homeownership in Perris.
Top Cons:
Compact Square Footage: At 900 square feet for a 3-bedroom, 2-bathroom home, the living space is quite compact, which may limit flexibility and comfort for some buyers.

Compared to the nearby listings

Price:$455.0K vs avg $550.0K ($-95,000)9%
Size:900 sqft vs avg 2,103 sqft2%
Price/sqft:$506 vs avg $28199%

More Insights

Built in 1988 (37 years old).
Condition: Built in 1988, this property is 36 years old. While the living areas show updated laminate flooring, the description explicitly states it's an 'opportunity to personalize and make it your own' and 'requires personalization/updates.' Without images of the kitchen and bathrooms, and given the property's age, it's highly probable these key areas are functional but outdated in style and features, requiring minor updates or renovations to meet current standards. The visible light fixtures are basic, and the overall aesthetic suggests an older home that has been maintained but not extensively modernized.
Year Built
1988
Close
-
List price
$455K
Original List price
$455K
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
OC25256982
Home ConditionFair
Features
View-

About this home

Charming 3-Bedroom Home in Perris – Perfect for First-Time Buyers! Welcome to this delightful single-family home nestled in the heart of Perris, CA. Priced at $445,000, this traditional-style residence offers 3 spacious bedrooms, 2 full bathrooms, and 900 square feet of comfortable living space—ideal for first-time home buyers or those looking to downsize. The home presents a fantastic opportunity to personalize and make it your own. Enjoy a cozy layout with plenty of natural light, a functional kitchen, and a private backyard perfect for relaxing or entertaining. With no HOA, you’ll appreciate the freedom and flexibility this property offers. Conveniently located near schools, shopping, and commuter routes, this charming home is a great investment in a growing area. Don’t miss your chance to own a piece of Perris at an affordable price!

Price History

Date
Event
Price
08/26/21
Sold
$374,000
01/21/10
Sold
$78,000
12/22/08
Sold
$91,000
10/31/08
Sold
$82,000
Condition Rating
Fair
Built in 1988, this property is 36 years old. While the living areas show updated laminate flooring, the description explicitly states it's an 'opportunity to personalize and make it your own' and 'requires personalization/updates.' Without images of the kitchen and bathrooms, and given the property's age, it's highly probable these key areas are functional but outdated in style and features, requiring minor updates or renovations to meet current standards. The visible light fixtures are basic, and the overall aesthetic suggests an older home that has been maintained but not extensively modernized.
Pros & Cons

Pros

Affordable Entry Point: Priced as an ideal opportunity for first-time home buyers or those looking to downsize, offering an accessible entry into homeownership in Perris.
No Homeowners Association (HOA): The absence of an HOA provides financial savings on monthly dues and greater freedom for property modifications and usage.
Functional Layout & Natural Light: The home features a cozy layout with ample natural light and a functional kitchen, contributing to a comfortable living environment.
Private Outdoor Space: A private backyard offers dedicated space for relaxation, entertaining, or gardening, enhancing the property's appeal.
Convenient Location: Strategically located near schools, shopping centers, and major commuter routes, providing convenience for daily living and accessibility.

Cons

Compact Square Footage: At 900 square feet for a 3-bedroom, 2-bathroom home, the living space is quite compact, which may limit flexibility and comfort for some buyers.
Requires Personalization/Updates: The description highlights an 'opportunity to personalize and make it your own,' suggesting that buyers should anticipate additional investment for desired updates or renovations.
Listed Above Estimated Value: The current listing price of $455,000 is approximately 12% higher than the estimated property value of $400,082, which could impact buyer perception and financing.

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