265 Dawn, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This 55+ Adult Community Residential Income Asset is a High-Potential Investment Opportunity, listed at $273,000—positioned well above the $243,685 Fair Market Value by -12%. Featuring a Fair Condition Rating, the unit offers turnkey updates like new flooring and paint, complemented by a private fenced yard and scenic mountain views. While the compact 820 sqft layout and age-restricted status limit the buyer pool, the low HOA fees and taxes ensure manageable carrying costs. This property is ideal for Buy-and-Hold Investors or Retirees seeking an affordable, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 265 Dawn Subject | $273,000* List Price | 2 | 1 | 820 | $297 | - |
A 5375 Christy Way Sold | $273,000 | 2 | 1 | 820 | $333 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1980 (44 years old) and while it features 'turnkey' cosmetic updates like new paint and flooring, the bathroom remains dated with older tile and fixtures. The HVAC system appears functional and maintained, but the lack of a full modern renovation to the wet areas and the overall age of the structure align with the 'Fair' criteria.
The property is move-in ready with recent upgrades including new paint and new flooring, significantly reducing immediate renovation costs for the buyer.
With a low HOA fee of $132 and low property taxes, this unit offers an exceptionally affordable lifestyle or investment opportunity within the Peacock Valley community.
The inclusion of a fenced rear yard, a large patio area, and scenic mountain views provides a private and attractive outdoor living space rarely found at this price point.
With only 820 square feet of living area and a single bathroom, the property may feel restrictive for those requiring more space or hosting frequent guests.
As a 55+ adult community, the property is limited to a specific demographic, which narrows the potential market for resale and rental occupancy.
Turnkey unit in the 55+ Adult community of Peacock Valley 1. 2 Bedrooms, 1 Bath. Bonus room. 820 sf of living space. New paint. New flooring. Low HOA fees and low taxes. Fenced rear yard. Large patio area. Mountain views.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 820 | - |
| Lot Size | 4,356 | - |
| Price | $273.0K | $541.5K |
| Price per sq ft | $333 | $292 |
| Built year | 1980 | 0 |
| HOA | $132.0 | $0 |
| Days on market | 47 | 35 |
Jun 5, 2026
$273,000
Initial Listing
Jul 14, 2023
$250,000
Public Record
Apr 26, 2019
$150,000
Public Record
Nov 7, 2003
$70,000
Public Record