1010 E Nicolet Street, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
ACTIVE$385,000
1010 E Nicolet Street, Banning, California 92220
3Beds
2Baths
1,042Sqft
8,712Lot
Year Built
1924
Close
-
List price
$385K
Original List price
$385K
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
DW25025231
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,6 Pros. Rank: price - $385.0K(28th), sqft - 1042(8th), beds - 3(50th), baths - 2(50th).
Calling all investors and first-time home buyers!!! The home offers 3 bedroom and 1.75 bath.
Price History
Date
Event
Price
02/05/25
Listing
$385,000
Condition Rating
Poor
Built in 1924, this property is nearly 100 years old and shows no evidence of significant recent renovations. The kitchen features highly outdated cabinets, laminate countertops, and older appliances. Bathrooms are similarly dated with basic fixtures and finishes. Flooring consists of worn ceramic tiles and old carpet. A visible window AC unit suggests a lack of central cooling. The overall condition indicates a need for substantial repairs and rehabilitation, including likely updates to major systems (electrical, plumbing, HVAC) to meet modern standards and safety.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1042.
Broad Market Appeal: The property is strategically marketed to both investors and first-time home buyers, indicating a versatile asset with potential for rental income or entry-level ownership.
Accessible Price Point: Listed at $385,000, this single-family residence offers a relatively affordable entry point into the California real estate market, appealing to budget-conscious purchasers.
Functional Layout: With 3 bedrooms and 2 bathrooms, the home provides a practical and highly sought-after configuration suitable for families or multi-occupant living, enhancing its marketability.
Generous Lot Size: The substantial 8,712 sqft lot offers ample outdoor space, presenting opportunities for landscaping, gardening, or potential future expansion, adding significant value.
Established Location: Located in Banning, an established city, the property benefits from existing infrastructure, community amenities, and a stable residential environment.
Cons
Advanced Age of Construction: Built in 1924, the property is nearly a century old, suggesting a high likelihood of requiring significant updates to core systems (plumbing, electrical) and general modernization.
Lack of Desirable Views: The property explicitly states 'view: None,' indicating an absence of scenic or panoramic views that could otherwise enhance its aesthetic appeal and market value.
Implied Renovation Needs: Given its age and target market (investors), the property likely requires substantial capital investment for renovation and upgrades to meet modern standards and maximize its potential value.