2012 Melbourne, Banning, California 92220, Banning, 92220 - 2 bed, 3 bath
2012 Melbourne
Banning, California 92220
Property Price
SUMMARY
Analysis of 2012 Melbourne, Banning, California 92220 reveals a Prime Investment Opportunity with a current list price of $499,000—significantly undercutting the $518,500 Fair Market Value by 3%. This valuation gap indicates a +$19,500 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Banning Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2012 Melbourne Subject | $499,000* List Price | 2 | 3 | 2,219 | $234 | - |
A 5032 Breckenridge Sold | $475,000 | 2 | 3 | 2,018 | $235 | 0.2 mi |
B 4800 Silverado Avenue Sold | $500,000 | 2 | 3 | 2,361 | $212 | 0.4 mi |
C 4976 Silverado Sold | $520,000 | 2 | 3 | 2,219 | $234 | 0.3 mi |
D 5001 Vintage Circle Sold | $508,000 | 2 | 3 | 2,133 | $238 | 0.2 mi |
E 2148 Birdie Dr Sold | $455,000 | 2 | 3 | 2,018 | $225 | 0.2 mi |
F 4987 Singing Hills Sold | $440,000 | 2 | 3 | 2,018 | $218 | 0.2 mi |
G 2036 Melbourne Active | $495,000 List Price | 2 | 3 | 2,018 | $245 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2001, this property is in move-in ready condition and has been extensively upgraded, placing it firmly in the 'good' category. The home features a remodeled primary bathroom with granite finishes and a frameless shower, an upgraded kitchen with white cabinetry and granite countertops, and high-quality maple wood flooring. Significant functional improvements, such as the partial PEX replumbing and a relocated/upgraded A/C unit, demonstrate excellent maintenance of major systems that exceed the typical standards for a 24-year-old home.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Upgrades & Layout
As the largest single-story 'Wisteria' model, this home features high-end finishes including maple flooring, PEX plumbing, and a fully remodeled primary suite, offering a turnkey luxury experience.
- Resort-Style Amenities
Located in the guard-gated Sun Lakes Country Club, residents enjoy access to two golf courses, three clubhouses, and inclusive internet/cable, providing an active and high-value lifestyle.
- Enhanced Outdoor Living
The professionally landscaped yard features a built-in fountain, fruit trees, and a relocated A/C unit to maximize patio tranquility and usable space.
CONSRISKS & DEFICIENCIES
- Age-Restricted Demographic
The property is situated within a 55+ active adult community, which restricts the potential buyer pool and limits the property's appeal to younger families or investors.
- Significant HOA Dues
At $410 per month, the association fees represent a substantial recurring cost that may impact the affordability for buyers on a fixed retirement budget.
About 2012 Melbourne
Beautiful and Tastefully Upgraded "Wisteria" on a Cul-de-sac w/ Mountain View from Front Patio. The largest single-story model w/ 10' Coffered Ceilings and full 3-Car Garage. Front Courtyard Entrance leads to Leaded Beveled Glass Front Door. Gorgeous Maple Wood Flooring in Living & Dining Rms, Primary Bdrm and Den. Huge Kitchen features Upgraded White Cabinets w/ Pull-outs, Granite Countertops, Extended Island w/ Breakfast Bar, Dbl-Oven, Trash Compactor, Gas Cooktop, Built-in Microwave, D/W, Fridge & Under-Cabinet Lighting. Family Room is Open to the Kitchen and has Gas Fireplace w/ Electric Starter and French Door leading to Back Yard. Primary Bdrm has Plantation Shutters and Slider leading to Back Yard. Remodeled Primary Bath w/ Dbl-Sinks, Granite Countertops & Upgraded Vanity, Granite Shower, Separate Tub, Plumbing Fixtures, Frameless Medicine Cabinets, Oval Mirrors, Commode and Mirrored Wardrobe Sliders to Huge Organized Walk-in Closet. Powder Rm in Hallway has Granite Countertops. Den has Golfer-etched Window. Guest Bedroom is spacious and has Plantation Shutters. Guest Bath has Upgraded Cabinetry & Granite Countertops. Interior Individual Laundry Room has Sink and Upgraded Cabinets. Garage features Epoxy Floors and Added Shelving hung from Ceiling. Professionally Landscaped Back Yard has Aluminum Patio Cover with 3 Ceiling Fans, Built-in Fountain, Extra Drainage, Vinyl Fencing and Upgraded A/C unit relocated to prevent noise and enlarge usable patio space. Sloped area has lots of Fruit Trees and is on a Drip Watering System (gardener charges only $200/yr to maintain). Additional upgrades include: All Sink and Shower/Tub Fixtures, Baseboards, Light Fixtures thru-out, all Light Switch and Outlet Covers, Granite Accents, Phantom Screens, Ceiling Fans & Exterior Lighting on Timers. Partially replumbed with "PEX" and moved to attic and MUCH, MUCH MORE!!!! Sun Lakes Country Club is an Active 55+, 24-hour Guard-Gated Community with so much to offer.....Two Private 18-hole Golf Courses (Championship and Executive), Driving Range, Putting Greens, Pickleball Courts, Tennis Courts, Bocce, Table Tennis, 3 Clubhouses, 3 Pools/Spas, 3 Gyms, 2 Restaurants, Full Bar with Newly Expanded and Remodeled Lounge, Veranda, Craft Room w/ Kiln, Ball Room, Libraries and over 70 Clubs to join for those interested. INTERNET AND CABLE TV INCLUDED WITH HOA DUES. Close to Freeway, Shopping, Restaurants, Hospitals and Casino. Living here is truly like living in a Resort!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $410.0 / Month
Neighborhood Insights
Banning Unified Schools
Three Rings Ranch Elementary School
Grades K-5 • 3.6 mi
Mountain View Middle School
Grades 6-8 • 4.3 mi
Banning High School
Grades 9-12 • 3.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,219 | 1,683 | 85% |
| Lot Size | 8,276 | 6,098 | 76% |
| Price | $499.0K | $450.0K | 70% |
| Price per sq ft | $225 | $261 | 17% |
| Built year | 2001 | 1998 | 55% |
| HOA | $410.0 | $202 | 97% |
| Days on market | 34 | 199 | 0% |
Pricing History
Listed for Sale
Mar 1, 2026
$499,000
$518,500
-4% Price Drop
Initial Listing
Price Change
Feb 1, 2026
$518,500
Initial Listing
Sold
Jun 27, 2012
$375,000
Public Record
Sold
Jun 15, 2001
$204,500
Public Record