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Single Family ResidenceResidential
$641,652$242 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $375,500 on Dec 21, 2016

4623 FORMOSA WAY

PERRIS, CA 92571
4
Beds
3.3
Baths
2,652 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
2016
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$642K
$625K low$659K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$375,500 · Dec 21, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,254 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$444,508 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$76,943
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$367,565
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$435,793
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$483,840

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.7 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyRIVERSIDE
Lot (acres)The size of the land the home sits on, from county records.0.18
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Tile
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Rancho Verde High SchoolB-
High · Grades 9–12 · 0.3 mi
M
Vista Verde MiddleC
Middle · Grades 6–8 · 1.7 mi
E
Lasselle Elementary SchoolB
Elementary · Grades KG–5 · 1.9 mi

District: Val Verde Unified School District

Neighborhood · ZIP 92571These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.35
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.349

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.7.8%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.65,104
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,319 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$78,725
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$93,389
Average tempThe average temperature here across a full year.63°F
Annual precipHow much rain and melted snow falls here in a typical year.12 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.68%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4623 Formosa Way measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 91% of homes in Perris 92571
  • Costs less per square foot than 85% of homes in Riverside County
  • Bigger than 82% of homes in Perris 92571
  • Has a bigger lot than 88% of homes in North Perris
  • Newer than 91% of homes in North Perris

What homes are worth in Perris 92571

Each bar is how many homes fall in that price range. The marker is this home.

This home
$370K$711K

This home is worth more than 91% of homes in Perris 92571.

How it measures up in Perris 92571

The dot is this home. The mark in the middle is the typical home in Perris 92571.

Estimated value$641,652
CheaperTypical $525,304Pricier

Pricier than 91% of homes nearby

Price per ft²$242
CheaperTypical $281Pricier

Pricier than 29% of homes nearby

Living area2,652 ft²
SmallerTypical 1,829 ft²Bigger

Bigger than 82% of homes nearby

Lot size0.18 ac
SmallerTypical 0.14 acBigger

Bigger than 83% of homes nearby

Year built2016
OlderTypical 2003Newer

Newer than 90% of homes nearby

How 4623 Formosa Way ranks against every home in each area.
MeasureThis homeNorth PerrisPerris 92571Riverside County
Estimated valuepricier than$641,65288% of homes91% of homes59% of homes
Price per ft²pricier than$24243% of homes29% of homes15% of homes
Living areabigger than2,652 ft²71% of homes82% of homes81% of homes
Lot sizebigger than0.18 ac88% of homes83% of homes45% of homes
Year builtnewer than201691% of homes90% of homes91% of homes

About 4623 Formosa Way

How much is 4623 Formosa Way, Perris, CA worth?

The TopHap Estimate for 4623 Formosa Way, Perris, CA is $641,652 as of Sep 24, 2026. The likely range is $624,559 to $658,745. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4623 Formosa Way, Perris, CA last sell?

4623 Formosa Way, Perris, CA last sold on Dec 21, 2016 for $375,500, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 4623 Formosa Way, Perris, CA?

4623 Formosa Way, Perris, CA has 4 bedrooms, 3.3 bathrooms, 2,652 square feet of living space and a 0.18-acre lot.

When was 4623 Formosa Way, Perris, CA built?

4623 Formosa Way, Perris, CA was built in 2016, making it 10 years old. The building has 1 story.

What schools serve 4623 Formosa Way, Perris, CA?

4623 Formosa Way, Perris, CA is assigned to Rancho Verde High School (high), rated B-; Vista Verde Middle (middle), rated C; Lasselle Elementary School (elementary), rated B. All sit in Val Verde Unified School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4623 Formosa Way, Perris, CA compare to other homes in Perris 92571?

Among the 14,332 homes in Perris 92571, it is worth more than 91% of them ($641,652 against a typical $525,304), its price per square foot is higher than 29% of them ($242 against a typical $281), it is bigger than 82% of them (2,652 ft² against a typical 1,829 ft²), its lot is bigger than 83% of them (0.18 ac against a typical 0.14 ac) and it is newer than 90% of them (2016 against a typical 2003). Measured against all of Riverside County, it is worth more than 59% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4623 Formosa Way, Perris, CA?

The 2025 property tax bill for 4623 Formosa Way, Perris, CA was $7,254. The county assessed it at $444,508.

More homes on Formosa Way

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