
Banning, California 92220
This Spacious Single-Story Residence is a Prime Investment Opportunity, listed at $500,000—positioned well below the $522,125 Fair Market Value by 4%. This valuation gap offers $22,125 in Instant Equity for buyers. Maintaining a Good Condition Rating, the home features an upgraded open-concept kitchen, mountain views, and a three-car garage. With no HOA or Mello-Roos, the property ensures long-term affordability within the Banning Unified district. This is an ideal fit for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 Foothill Drive Subject | $500,000* List Price | 3 | 3 | 2,225 | $234 | - |
A 1181 Foothill Sold | $545,000 | 3 | 3 | 1,939 | $281 | 0.0 mi |
B 378 N 41st Sold | $480,000 | 3 | 2 | 1,762 | $272 | 0.5 mi |
C 1132 Foothill Sold | $535,000 | 2 | 3 | 2,225 | $240 | 0.1 mi |
D 1505 Willow Sold | $599,000 | 3 | 3 | 2,540 | $236 | 0.2 mi |
E 5209 Douglas Avenue Sold | $478,551 | 3 | 3 | 1,741 | $275 | 0.8 mi |
F 1190 Mahogany Street Pending | $550,112 List Price | 3 | 2 | 2,252 | $244 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is in move-in ready condition and fits the 10-20 year age bracket for a 'good' rating. The interior features a well-maintained open-concept kitchen with granite countertops and stainless steel appliances, fresh neutral paint, and clean carpets. The exterior and systems appear well-kept with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 2225.
The property features no HOA fees and no Mello-Roos assessments, significantly lowering the monthly cost of ownership and increasing long-term affordability.
A spacious three-car garage combined with a large driveway provides exceptional room for vehicles, recreational toys, and additional storage needs.
Located in Banning, the property may face challenges with perceived prestige and appreciation rates compared to neighboring high-growth areas like Beaumont or Palm Springs.
The location is relatively far from major Inland Empire and Orange County employment hubs, which may limit the pool of potential buyers to local workers or retirees.
No HOA. No Mello-Roos. This amazing home single story home features 3 spacious bedrooms, 3 bathrooms, a welcoming entry way/foyer, an upgraded open concept kitchen that opens up to the large living room complete with a fireplace, and plenty of room for storage. The large 3 car garage features plenty of room for your cars, toys, storage, and more. The large private back yard comes complete with a covered patio, large lawn, hardscaping, and gorgeous mountain views. The front of the home features great curb appeal, a large driveway, and a lush lawn. In terms of location, it is conveniently located near shopping, dinning, entertainment, casinos and, a short drive to Palm Springs. Don't miss this opportunity! Don't miss this opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,225 | 1,683 | 88% |
| Lot Size | 9,148 | 6,286 | 80% |
| Price | $500.0K | $446.2K | 70% |
| Price per sq ft | $225 | $263 | 19% |
| Built year | 2006 | 1995 | 71% |
| HOA | $0 | $202 | 33% |
| Days on market | 33 | 197 | 0% |
Mar 20, 2026
$500,000
Initial Listing
Jan 25, 2006
$390,000
Public Record