292 E George Street, Banning, California 92220, Banning, 92220 - 3 bed, 1 bath
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Banning, California 92220
This property presents a High-Potential Investment Opportunity with a List Price of $395,000—positioned slightly above the $383,492 Fair Market Value. While the home carries a Fair Condition Rating, its 11,326 sqft lot and versatile detached garage—equipped with electricity and AC—offer significant value-add potential for an ADU conversion or workshop. The property features mountain views and functional updates, though the single-bath configuration and leased solar panels require consideration. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 292 E George Street Subject | $395,000* List Price | 3 | 1 | 1,170 | $328 | - |
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 526 W Hoffer Street Sold | $375,000 | 3 | 2 | 1,260 | $298 | 0.6 mi |
D 34 W Gilman Sold | $375,000 | 2 | 1 | 1,344 | $279 | 0.4 mi |
E 979 W Nicolet Sold | $335,000 | 2 | 1 | 1,232 | $272 | 0.8 mi |
F 1137 W Williams Sold | $405,000 | 3 | 1 | 1,003 | $404 | 0.9 mi |
G 521 E Repplier Sold | $427,000 | 3 | 2 | 1,635 | $261 | 0.8 mi |
H 1010 E Nicolet Street Active | $385,000 List Price | 3 | 2 | 1,042 | $369 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1922 home features some recent cosmetic updates including laminate flooring, exterior paint, and a remodeled bathroom. However, the kitchen is described as needing a 'personal touch' (dated), and the presence of window AC units suggests the lack of a modern central HVAC system, placing it in the Fair category due to age and remaining needed updates.
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 detached garage is a standout feature, equipped with laminate flooring, electricity, and air conditioning, offering immediate potential as an art studio, workshop, or ADU conversion.
The oversized 11,326 square foot lot provides significant space for RV, boat, and trailer parking, catering perfectly to buyers with multiple recreational vehicles or outdoor equipment.
With three bedrooms but only one bathroom, the home's configuration may be a drawback for larger families or those seeking a more modern bed-to-bath ratio.
The property includes leased solar panels that the buyer must assume, which requires third-party approval and adds a mandatory monthly expense to the cost of ownership.
Step into the charm of this 1922 home, where classic character meets thoughtful updates. Recently painted on the exterior, including the garage, this property offers inviting curb appeal with a welcoming front porch perfect for enjoying your morning coffee or relaxing in the evening. Inside, you'll find laminate flooring throughout, a beautifully remodeled bathroom, and a cozy living room featuring a fireplace and built in cabinetry. An additional versatile room can easily serve as a dining room, home office, sitting area, or extra living space. The kitchen provides ample cabinet storage and is ready for your personal touch. Downstairs, the basement offers additional storage space and includes a newer water heater. The detached garage is a standout feature, complete with laminate flooring, electricity, air conditioning, and barn style doors, making it ideal for an art studio, potential ADU conversion, workshop, Play room (buyer to verify all possibilities with local agencies). Situated on a generously sized lot, the property offers RV parking and plenty of space for boats, trailers, recreational vehicles, and other outdoor equipment. The home is equipped with leased solar panels, with the buyer to assume the lease, subject to the solar provider's approval and terms. Whether you're looking for a home with vintage character, functional updates, or room to expand, this property offers a fantastic opportunity to add your own vision and create something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,170 | 1,574 |
| Lot Size | 11,326 | 5,523 |
| Price | $395.0K | $437.6K |
| Price per sq ft | $338 | $260 |
| Built year | 1922 | 2001 |
| HOA | $0 | $220 |
| Days on market | 21 | 79 |
Jul 1, 2026
$395,000
Initial Listing
Nov 30, 2021
$280,000
Public Record