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1049 Olympic Avenue, Banning, California 92220, Banning, 92220 - 3 bed, 3 bath

1049 Olympic Avenue, Banning, California 92220 home-pic-0
ACTIVE$405,000
1049 Olympic Avenue, Banning, California 92220
3Beds
3Baths
1,837Sqft
4,356Lot
Year Built
1990
Close
-
List price
$405K
Original List price
$415K
Price/Sqft
$220
HOA
$385
Days on market
-
Sold On
-
MLS number
IV25213786
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $405.0K(34th), sqft - 1837(62th), beds - 3(50th), baths - 3(61th).

**Owner has an assumable 5.75% VA loan** Highly sought-after “Muirfield 50” model offering 1,837 square feet of living space with window shutters throughout, located within the premier 55+ guard-gated community of Sun Lakes Country Club with a wealth of recreational amenities and social events, golf courses, tennis courts, fitness centers, pools, elegant clubhouses, restaurant, bar, and lounge just to name a few. HOA dues also include Spectrum cable TV and internet. The home’s exterior was painted last year and recently refreshed and thoughtfully upgraded just for you. Updates include beautifully treated countertops, fresh carpet on stairs and laminate flooring upstairs and downstairs, new faucets, showerheads, and toilets, and stylish light fixtures—just the beginning of what this home has to offer. Welcome into the foyer through double doors, where soaring ceilings create an open, airy atmosphere, and an abundance of natural light. Imagine the best of both worlds, an elegant formal living room and dining room, perfect for entertaining. The flowing floorplan continues into the kitchen and family room, where a lovely gas fireplace adds warmth and charm, and the island and breakfast nook adds a cozy family retreat! This home has 3 bedrooms. The primary suite boasts dual sinks with an extended counter with built-in vanity, step-in shower, skylight, and updated walk-in closet; and half-bath located on the 1st floor. A haven for hobbies, office, or guests are 2 additional bedrooms and full bathroom with a tub/shower combo located upstairs. Additional conveniences include direct garage access that offers laundry area, plenty of space for two cars, workbenches and built-in cabinet, and additional storage for a golf cart. To put icing on the cake, this home has convenient, smart app features for Ecobee thermostat and myQ remote garage door opener with camera and keyless keypad. **Owner has an assumable 5.75% VA loan**

Nearby schools

6/10
Three Rings Ranch Elementary School
Public,•K-5•3.4mi
5/10
Mountain View Middle School
Public,•6-8•3.9mi
4/10
Banning High School
Public,•9-12•3.2mi
5/10
Beaumont Senior High School
Public,•9-12•4.5mi

Price History

Date
Event
Price
10/18/25
Price Change
$405,000-2.4%
09/16/25
Listing
$415,000
Condition Rating
Fair
Built in 1990, this property has received recent cosmetic updates including new laminate flooring, fresh carpet on stairs, new faucets, showerheads, toilets, and stylish light fixtures. While these updates make the home move-in ready, the kitchen features dated oak cabinets, tile countertops, and white appliances, which are not consistent with modern styles. The bathrooms, despite new fixtures, retain older vanity styles and shower surrounds. Major systems like HVAC, plumbing, and electrical are likely original to the 34-year-old home and show signs of being outdated, requiring potential future updates or replacements.
Pros & Cons

Pros

Assumable VA Loan: The property features an assumable VA loan at a highly attractive 5.75% interest rate, offering a significant financial advantage to eligible buyers in the current market.
Premier 55+ Community Amenities: Located within the guard-gated Sun Lakes Country Club, residents enjoy an extensive array of amenities including golf courses, tennis courts, fitness centers, multiple pools, elegant clubhouses, a restaurant, bar, and a vibrant social calendar. HOA dues also cover Spectrum cable TV and internet.
Recent Upgrades & Refresh: The home has been thoughtfully updated with a recently painted exterior, new laminate flooring downstairs and carpet upstairs, treated countertops, new faucets, showerheads, toilets, and stylish light fixtures, ensuring a move-in ready condition.
Spacious & Functional Floor Plan: The 'Muirfield 50' model offers 1,837 sqft of living space with soaring ceilings, formal living and dining rooms, a family room with a gas fireplace, an island kitchen with a breakfast nook, and a well-appointed primary suite with dual sinks, vanity, and an updated walk-in closet.
Smart Home Features & Garage Utility: Equipped with modern conveniences like an Ecobee smart thermostat and a myQ remote garage door opener with camera and keyless keypad. The garage provides direct access, laundry area, space for two cars, workbenches, built-in cabinets, and golf cart storage.

Cons

Age-Restricted Community: The property is situated in a 55+ guard-gated community, which significantly limits the potential buyer pool and may impact future resale value compared to unrestricted properties.
Multi-Story Layout for 55+ Buyers: With two bedrooms and a full bathroom located upstairs, the multi-story layout may be less desirable for some 55+ buyers who prefer single-story living or have mobility concerns.
Potential for Older Major Systems: While cosmetic updates are extensive, the property was built in 1990, and there is no explicit mention of updates to major systems such as HVAC, plumbing, or electrical, which could lead to future maintenance or replacement costs.

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