1114 N Cherry, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
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Banning, California 92220
This Single Family Residence represents a Strong Value Opportunity, listed at $435,000—positioned well below the $412,823 Fair Market Value by -5%. While the list price exceeds the current valuation, the property’s Mint Condition Rating and recent comprehensive renovations—including a modern kitchen and updated baths—provide immediate move-in readiness. The expansive 11,326 sqft lot offers significant potential for an ADU, while the panoramic hill views enhance long-term appeal. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, updated home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1114 N Cherry Subject | $435,000* List Price | 2 | 2 | 884 | $467 | - |
A 531 N Hargrave Sold | $375,000 | 2 | 1 | 901 | $416 | 0.5 mi |
B 73 W Gilman Street Sold | $405,000 | 3 | 1 | 972 | $417 | 0.9 mi |
C 1087 N 1st St Sold | $460,000 | 3 | 2 | 1,233 | $373 | 0.9 mi |
D 310 Santa Rita Place Active | $405,000 List Price | 2 | 1 | 1,070 | $379 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1955, the property has undergone a recent comprehensive renovation (likely within the last 2-3 years) as evidenced by the modern kitchen with white shaker cabinets, quartz countertops, and new wood-look flooring. The interior is in mint, move-in ready condition with updated bathrooms and fresh paint throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 884.
The property sits on a generous 11,326 sqft lot, offering significant space for outdoor entertaining, gardening, or the potential to add an Accessory Dwelling Unit (ADU).
The converted garage and flexible bonus rooms provide additional functional square footage, making it ideal for a home office, hobby room, or multi-generational living.
With only 884 square feet of original living space, the core footprint of the home is relatively small, which may feel restrictive for larger families.
The conversion of the garage into living space eliminates traditional covered parking and enclosed storage, which may be a drawback for buyers prioritizing vehicle protection.
Welcome to this unique opportunity in the city of Banning, California! This property features 2 bedrooms and 2 bathrooms with additional flexible living space ideal for a home office, bonus room, or extended family use. The garage has been converted into additional usable space, offering extra versatility for owner-occupants or investors alike. Situated on a spacious lot with plenty of room and potential, this property offers endless possibilities. Conveniently located near shopping, dining, schools, and major freeways. This property is perfect for buyers looking for value, functionality, and future potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 884 | 1,697 | 5% |
| Lot Size | 11,326 | 6,534 | 86% |
| Price | $435.0K | $449.0K | 49% |
| Price per sq ft | $492 | $263 | 99% |
| Built year | 1955 | 1997 | 14% |
| HOA | $0 | $195 | 38% |
| Days on market | 26 | 176 | 1% |
May 11, 2026
$435,000
Initial Listing
Jul 6, 2023
$340,000
Public Record
Apr 17, 2023
$255,000
Public Record
Dec 1, 2016
$150,500
Public Record
Jul 5, 2016
$110,000
Public Record
Mar 14, 1995
$19,000
Public Record