1587 Scioto, Banning, California 92220, Banning, 92220 - 3 bed, 3 bath
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Banning, California 92220
This Short Sale Opportunity within the prestigious Sun Lakes Country Club 55+ community is a prime Value-Add Asset. Currently offered at a List Price of $499,000, the property sits above the $438,331 Fair Market Value, reflecting the unique negotiation potential inherent in short sale acquisitions. With a Condition Rating of 4, the home requires essential repairs for water damage and roof leaks, yet features vaulted ceilings, a Granite Kitchen, and Mountain Views. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to modernize a spacious entertainer's residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1587 Scioto Subject | $375,000* List Price | 3 | 3 | 2,623 | $143 | - |
A 1331 Pauma Valley Road Sold | $339,900 | 3 | 3 | 1,849 | $184 | 0.6 mi |
B 1418 Las Colinas Active Under Contract | $484,000 List Price | 3 | 3 | 2,623 | $185 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this home is well-maintained but shows its age. While the kitchen features updated stainless steel appliances and granite counters, the cabinets and some lighting fixtures are dated. The bathrooms are largely original with 1990s-style vanities, brass-toned fixtures, Hollywood strip lighting, and carpet in the master bath, indicating a need for modernization. The extensive carpeting throughout the home also suggests it requires updating. The listing description itself notes 'incredible potential with just a bit of TLC and updating,' aligning with the 'fair' condition criteria of requiring minor updates to refresh outdated components.
Located in Sun Lakes Country Club, Banning’s premier 55+ private golf course community, offering a desirable lifestyle and amenities for the target demographic.
Features grand double doors, soaring vaulted ceilings, a dramatic staircase, and elegant formal living and dining rooms, creating an impressive and inviting atmosphere.
Equipped with high-end stainless steel appliances, stunning granite counters with matching backsplash, and abundant storage, ideal for culinary enthusiasts.
The description notes 'incredible potential with just a bit of TLC and updating,' indicating some investment may be needed to modernize or refresh certain aspects of the home.
As a 55+ community, the property's marketability is limited to a specific demographic, potentially narrowing the buyer pool and affecting resale dynamics.
With a lot size of 4,792 sqft, the outdoor space is relatively compact for a single-family residence, which might limit extensive outdoor activities or privacy for some buyers.
Short Sale Opportunity! This spacious entertainer’s home in Sun Lakes Country Club, Banning’s premier 55+ private golf course community, offers great potential for the right buyer. Features include vaulted ceilings, formal living and dining areas, a large kitchen with granite counters and stainless steel appliances, and a family room that opens to a landscaped backyard with garden beds and a pond. Property needs repairs, including water damage, roof leak, and exterior termite damage. Ideal for investors or buyers looking to customize and add value.
No exterior & parking available.
Grades K-5 • 3.5 mi
Grades 6-8 • 4.2 mi
Grades 9-12 • 3.3 mi
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 | 2,623 | 1,683 | 94% |
| Lot Size | 4,792 | 6,233.5 | 33% |
| Price | $375.0K | $442.7K | 28% |
| Price per sq ft | $143 | $263 | 1% |
| Built year | 1995 | 1995 | 50% |
| HOA | $385.0 | $202 | 64% |
| Days on market | 191 | 198 | 48% |
Mar 24, 2026
$375,000
$499,000
-25% Price Drop
Initial Listing
Jan 30, 2026
$499,000
$499,900
+0% Price Increase
Initial Listing
Nov 12, 2025
$499,900
$520,000
-4% Price Drop
Initial Listing
Oct 14, 2025
$520,000
Initial Listing