1078 W King Street, Banning, California 92220, Banning, 92220 - 3 bed, 3 bath
1078 W King Street
Banning, California 92220
Property Price
SUMMARY
Analysis of 1078 W King Street, Banning, California 92220 reveals a property with a current list price of $499,999, which is 8% above the estimated $458,964 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Banning Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1078 W King Street Subject | $499,999* List Price | 3 | 3 | 1,625 | $282 | - |
A 1276 N Alessandro Sold | $450,000 | 3 | 2 | 1,486 | $303 | 0.8 mi |
B 950 Starlight Court Sold | $475,000 | 3 | 3 | 1,695 | $280 | 0.7 mi |
C 672 N 17th Sold | $449,000 | 3 | 2 | 1,293 | $347 | 0.5 mi |
D 1065 N San Gorgonio Active Under Contract | $399,900 List Price | 4 | 4 | 1,697 | $236 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1987 (37 years old), is well-maintained and move-in ready. It features updated laminate flooring in the main living areas and some newer stainless steel kitchen appliances (refrigerator, dishwasher). However, the kitchen cabinets and countertops, as well as both bathrooms (vanities, fixtures, and flooring), are significantly dated in style, likely original or from an older renovation (15-30 years ago). The bedroom carpets also show signs of wear. While functional, these areas require minor updates to align with current aesthetic standards, fitting the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 1625.
- Scenic Mountain Views
The property boasts desirable mountain views, enhancing its aesthetic appeal and potential value.
- Move-in Ready Condition
Described as 'beautifully maintained' and 'ready to move in,' minimizing immediate renovation needs for a buyer.
CONSRISKS & DEFICIENCIES
- Recent Price Reduction
The listing has seen a price drop from $525,000 to $499,999, which may suggest initial overpricing or a need to stimulate buyer interest.
- Potential for System Updates
Built in 1987, the home is over 35 years old, implying that major systems (e.g., HVAC, water heater, roof) may be original or nearing the end of their typical lifespan, potentially requiring future capital expenditure.
- Bathroom Count Discrepancy
There is an inconsistency between the description stating '2-bathroom' and the structured data indicating '3 baths,' which could cause confusion for prospective buyers.
About 1078 W King Street
Charming Banning Home with Mountain Views – Ready to Move In! Beautifully maintained 3-bedroom, 2-bathroom single-story home nestled in the heart of Banning, CA. This inviting property offers 1,625 sq ft of comfortable living space and sits on a spacious 7,405 sq ft lot, perfect for first-time buyers, growing families, or investors. Step inside to find a bright and airy living room with large windows that fill the space with natural light. The open-concept kitchen and dining area feature ample cabinetry and counter space, making it ideal for hosting and everyday living. Each bedroom offers cozy privacy and generous closet space, while both bathrooms are clean and well-appointed. Outside, enjoy a private backyard with plenty of room for gardening, play, or relaxing under the sun. The attached 2-car garage provides convenience and additional storage. Located in a quiet neighborhood near local schools, parks, and shopping, this home offers a blend of tranquility and accessibility. Easy access to the I-10 freeway makes commuting a breeze.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,625 | 1,683 | 47% |
| Lot Size | 7,405 | 6,098 | 68% |
| Price | $500.0K | $450.0K | 72% |
| Price per sq ft | $308 | $261 | 77% |
| Built year | 1987 | 1997 | 28% |
| HOA | $0 | $202 | 31% |
| Days on market | 318 | 199 | 93% |
Pricing History
Listed for Sale
Oct 31, 2025
$499,999
Initial Listing
Price Change
Apr 23, 2025
$525,000
Initial Listing