1263 N Phillips, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
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Banning, California 92220
This High-Potential Investment Opportunity is listed at a List Price of $375,000, positioned well below the $393,092 Fair Market Value by 4%. This valuation gap provides $18,092 in Instant Equity for the buyer. Featuring a Condition Rating of 3 with a modern Granite Kitchen, the home offers a functional, move-in ready base with significant upside via the expansive lot. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable entry into the Banning market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1263 N Phillips Subject | $375,000* List Price | 3 | 2 | 1,250 | $314 | - |
A 1294 N Blanchard Sold | $429,900 | 3 | 2 | 1,400 | $307 | 0.0 mi |
B 1308 N Phillips Sold | $336,000 | 3 | 1 | 924 | $364 | 0.0 mi |
C 231 N Allen Sold | $367,000 | 3 | 1 | 1,040 | $353 | 0.7 mi |
D 1276 N Alessandro Sold | $450,000 | 3 | 2 | 1,486 | $303 | 0.5 mi |
E 1106 N Durward Active Under Contract | $379,900 List Price | 3 | 2 | 1,296 | $293 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1960, the kitchen shows a clear renovation within the 5-15 year range featuring modern shaker cabinets, granite-style countertops, and stainless steel appliances. The home appears functional and move-in ready, meeting the criteria for a well-maintained starter home despite the older exterior and unlandscaped yard.
Priced competitively at $375,000, this property serves as an excellent starter home for first-time buyers looking to enter the Southern California market.
The 6,534 square foot lot includes a large backyard that offers a blank canvas for personalized landscaping, outdoor entertaining, or potential expansions.
The property features desirable mountain views, providing a beautiful natural backdrop that enhances the overall atmosphere and appeal of the home.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1250, other record living area = 1122.
Built in 1960, the home may require updates to its original systems and cosmetic finishes to meet modern efficiency and design standards.
With only 1,250 square feet distributed across three bedrooms, the interior layout may feel somewhat confined for families requiring more spacious common areas.
Great Starter home, located about 20 minutes south of Morongo Casio & Cabazon Outlets! Large backyard space ready for your personalizations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,250 | 1,697 | 18% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $375.0K | $449.0K | 31% |
| Price per sq ft | $300 | $263 | 75% |
| Built year | 1960 | 1997 | 17% |
| HOA | $0 | $195 | 38% |
| Days on market | 16 | 176 | 1% |
May 21, 2026
$375,000
Initial Listing
Aug 16, 2023
$380,000
Public Record
Jan 6, 2015
$125,000
Public Record
Aug 2, 2007
$215,000
Public Record
Aug 18, 2006
$310,000
Public Record
Jan 4, 2005
$198,000
Public Record
Oct 30, 1998
$62,000
Public Record