
Banning, California 92220
This Versatile Character Home is a Prime Investment Opportunity, listed at $389,000—positioned well below the $403,727 Fair Market Value by 3%. This valuation gap provides $14,727 in Instant Equity. Boasting a Remodeled Bathroom, Solar Panels, and a Condition Rating of 3, the interior is move-in ready while offering upside via kitchen modernization. The expansive 11,326 Sqft Lot, Mountain Views, and Finished Garage with A/C offer significant ADU potential within the Banning Unified School District. This is ideal for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 292 E George Subject | $395,000* List Price | 3 | 1 | 1,170 | $345 | - |
A 1087 N 1st St Sold | $460,000 | 3 | 2 | 1,233 | $373 | 0.4 mi |
B 103 E Barbour Sold | $349,999 | 3 | 1 | 1,200 | $292 | 0.7 mi |
C 1137 W Williams Sold | $405,000 | 3 | 1 | 1,003 | $404 | 0.9 mi |
D 80 E Theodore Sold | $499,000 | 3 | 2 | 1,360 | $367 | 0.5 mi |
E 1420 N San Gorgonio Avenue Sold | $450,000 | 2 | 1 | 1,302 | $346 | 0.6 mi |
F 34 W Gilman Sold | $375,000 | 2 | 1 | 1,344 | $279 | 0.4 mi |
G 693 W Wilson Active | $484,900 List Price | 3 | 2 | 1,274 | $381 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1922, the interior is move-in ready with recent upgrades including new laminate flooring throughout and a fully remodeled bathroom. The property features updated systems like a new water heater and solar panels. Although the kitchen is dated, it is functional, and the overall maintenance level exceeds the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1170.
The garage is a standout feature equipped with laminate flooring, electrical, and its own A/C unit, making it an ideal turnkey space for a workshop, studio, or a potential ADU conversion.
Sitting on over 11,000 square feet, the large lot offers significant privacy and ample room for property expansion, gardening, or creating a custom outdoor living oasis.
With three bedrooms but only one bathroom, the layout may present a challenge for larger families or those who frequently host guests.
While the cabinets are in good condition, the kitchen is noted as needing modernization, which represents an immediate project and additional investment for the buyer.
Charming older home with great bones and thoughtful upgrades throughout. This property features upgraded laminate flooring throughout the home, a fully remodeled bathroom, and a cozy living room with a fireplace and built-in cabinets. An additional room offers flexibility perfect as a dining area, sitting room, or extra living space. The kitchen could use some updating, but the cabinets are in good condition, giving you a solid foundation to make it your own. Downstairs, you’ll find a good-sized basement with a new water heater. The garage is a standout feature with laminate flooring, electrical, an A/C unit, and barn doors making it ideal for a workshop, studio, or potential future ADU (buyer to verify). The solar panels are conveniently located toward the back of the property, and the home sits on a large lot with plenty of space to expand or create your vision. A great opportunity with endless possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 1,170 | 1,697 | 13% |
| Lot Size | 11,326 | 6,534 | 86% |
| Price | $395.0K | $449.0K | 40% |
| Price per sq ft | $338 | $263 | 86% |
| Built year | 1922 | 1997 | 2% |
| HOA | $0 | $195 | 38% |
| Days on market | 46 | 176 | 3% |
Jun 5, 2026
$395,000
$389,000
+2% Price Increase
Initial Listing
Apr 21, 2026
$389,000
Initial Listing
Nov 30, 2021
$280,000
Public Record