1515 N Almond Way, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
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Banning, California 92220
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $430,000—positioned well below the $458,571 Fair Market Value by 6%. This valuation gap offers $28,571 in Instant Equity. Featuring a Mint Condition Rating with a fully renovated kitchen and modern mini-split HVAC, the home sits on a massive 10,019 sq. ft. lot with Distant Mountain Views. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or first-time buyers prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 N Almond Way Subject | $430,000* List Price | 3 | 2 | 1,409 | $325 | - |
A 80 E Theodore Sold | $499,000 | 3 | 2 | 1,360 | $367 | 0.5 mi |
B 660 N Florida Street Sold | $460,000 | 5 | 2 | 1,740 | $264 | 0.5 mi |
C 1294 N Blanchard Sold | $429,900 | 3 | 2 | 1,400 | $307 | 0.2 mi |
D 1420 N San Gorgonio Avenue Sold | $450,000 | 2 | 1 | 1,302 | $346 | 0.5 mi |
E 1087 N 1st St Sold | $460,000 | 3 | 2 | 1,233 | $373 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone a comprehensive high-quality renovation within the last 5 years (likely around 2022 based on sales history). The interior features a modern upgraded kitchen with two-tone cabinetry and stainless steel appliances, fully renovated bathrooms, updated flooring, and the installation of modern mini-split HVAC systems, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1409.
The property sits on a generous 10,019 square foot lot, offering significant potential for outdoor entertaining, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
The upgraded kitchen provides a contemporary and functional workspace, a key selling point that reduces the need for immediate post-purchase renovations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1409, other record living area = 1224.
Originally built in 1956, the home may require more frequent maintenance or updates to aging infrastructure and systems compared to newer builds in the area.
The current list price is nearly identical to its 2022 sale price, suggesting a plateau in market value that may concern investors looking for rapid equity growth.
Welcome to this charming 3 bedroom, 2 bathroom home offering comfort, space, and flexibility. In addition to the three bedrooms, the home features an extra room that can be used as a home office, playroom, guest space, or whatever best fits your needs. The upgraded kitchen provides a modern and functional space for cooking and entertaining, while the generously sized bedrooms offer ample closet space and comfortable living. Situated on a huge lot, this property provides endless possibilities for outdoor enjoyment, entertaining, or future improvements. With its spacious layout, versatile bonus room, and expansive lot, this home is a wonderful opportunity you won't want to miss. Schedule your showing today!
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 | 1,409 | 1,690 | 30% |
| Lot Size | 10,019 | 6,534 | 82% |
| Price | $430.0K | $449.0K | 48% |
| Price per sq ft | $305 | $263 | 77% |
| Built year | 1956 | 1997 | 14% |
| HOA | $0 | $195 | 39% |
| Days on market | 3 | 179 | 1% |
Jun 3, 2026
$430,000
Initial Listing
Oct 5, 2022
$425,000
Public Record
May 25, 2022
$195,000
Public Record