1053 Thompson N, Banning, California 92220, Banning, 92220 - 4 bed, 2 bath
ACTIVE$405,000
1053 Thompson N, Banning, California 92220
4Beds
2Baths
1,195Sqft
7,405Lot
Year Built
1965
Close
-
List price
$405K
Original List price
$420K
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
IG25265876
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $405.0K(34th), sqft - 1195(12th), beds - 4(77th), baths - 2(50th).
Investor special. With minimal repairs this will be a great house in an older established neighborhood with no Hoa or high taxes. Home features 4 bedrooms 2 baths with upgraded bathrooms, large living room, and separate family room. Same owners since the house was built!! With some TLC this house will be ready for a new family for the Holidays.
Price History
Date
Event
Price
12/07/25
Price Change
$405,000-3.6%
11/25/25
Listing
$420,000
Condition Rating
Fair
The property, built in 1965, is aged and requires significant updates beyond minor cosmetic fixes, as indicated by the 'investor special' and 'some TLC' description. While the bathrooms have been upgraded with modern fixtures and finishes, other areas like the kitchen (not pictured but likely original/dated), the very old and stained carpeting in some rooms, and the presence of a window AC unit suggest major components are outdated. The mix of newer laminate flooring and old carpet highlights an inconsistent renovation history. It's not in 'poor' condition as it appears functional and has some recent updates, but it's far from move-in ready without substantial investment in key areas.
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 = 7405, living area = 1195.
Investment Opportunity: Explicitly marketed as an 'Investor special' with potential for significant value appreciation through renovations and 'minimal repairs'.
Favorable Financials: The property benefits from 'no Hoa or high taxes,' contributing to lower ongoing ownership costs.
Functional Layout: Features a 'large living room, and separate family room,' providing versatile and distinct living areas.
Partial Modernization: Includes 'upgraded bathrooms,' addressing a key area of home improvement and reducing immediate renovation needs in those spaces.
Long-Term Ownership: Having the 'Same owners since the house was built' suggests a history of consistent care and stability within the property.
Cons
Renovation Required: The description indicates the property needs 'minimal repairs' and 'some TLC,' implying it is not move-in ready and requires additional investment.
Age of Property: Built in 1965, the home's age suggests potential for outdated systems (e.g., electrical, plumbing, HVAC) and general wear beyond the upgraded bathrooms.
Compact Living Space: With 1195 sqft for 4 bedrooms, the living areas may feel relatively compact for larger families or those desiring more expansive rooms.