339 W Wilson, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath

339 W Wilson, Banning, California 92220 home-pic-0
ACTIVE$375,000$1,445/sqft
Est. Value: $390,257
4%
BelowEstimate
339 W Wilson, Banning, California 92220
2Beds
2Baths
1,445Sqft
9,148Lot

Price Vs. Estimate

The estimated value ($390,257.445) is $15,257.445 (4%) higher than the list price ($375,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1445.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.

Compared to the nearby listings

Price:$375.0K vs avg $456.0K ($-81,036)24%
Size:1,445 sqft vs avg 1,678 sqft29%
Price/sqft:$260 vs avg $26445%

More Insights

Built in 1935 (91 years old).
Condition: Built in 1935, this property is explicitly described as a 'cosmetic fixer' with 'plenty of opportunity to update.' While some areas like the bathrooms have 'updated tile' and the kitchen features newer stainless steel appliances, the overall aesthetic is dated, and the kitchen cabinets appear older and basic. The living room has a distinct, dark, and dated style with paneling. The property analysis notes that 'major systems and infrastructure may require significant updates' due to its age. It is functional but requires substantial cosmetic and potential systemic updates, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require minor updates or repairs.
Year Built
1935
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$260
HOA
-
Days on market
-
Sold On
-
MLS number
PW26005999
Home ConditionFair
Features
Patio
View-

About this home

This 2-bedroom, 2-bath home sits on a generous 9,147 sq ft lot and offers a solid layout with plenty of opportunity to update and make it your own. The living room stands out with vaulted ceilings, exposed beams, dual ceiling fans, and a striking marble-style fireplace built into rich, dark paneled walls, complemented by built-in shelving that adds both charm and function. The kitchen is intimate and practical, featuring a window over the sink that looks out to the backyard. Two bedrooms are located on one wing of the home, the primary with a walk-in closet, and a shared bathroom positioned between them with updated tile and a tub. On the opposite side, an office or optional third bedroom connects to the laundry area and a second bathroom with a tiled walk-in shower, with direct access to the garage through a sliding door. Outside, the backyard offers ample space with partial paving—ideal for future customization—while the front of the home features a convenient half-circle driveway. Located in a desirable Banning neighborhood just down the street from Banning Parks and Recreation, this cosmetic fixer presents a great opportunity to add value and personalize a well-laid-out home in a solid area. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.

A
Aaron Gray
Listing Agent

Price History

Date
Event
Price
02/25/09
Sold
$90,000
08/13/03
Sold
$145,000
Condition Rating
Fair

Built in 1935, this property is explicitly described as a 'cosmetic fixer' with 'plenty of opportunity to update.' While some areas like the bathrooms have 'updated tile' and the kitchen features newer stainless steel appliances, the overall aesthetic is dated, and the kitchen cabinets appear older and basic. The living room has a distinct, dark, and dated style with paneling. The property analysis notes that 'major systems and infrastructure may require significant updates' due to its age. It is functional but requires substantial cosmetic and potential systemic updates, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require minor updates or repairs.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1445.
Generous Lot Size: The property boasts a substantial 9,147 sq ft lot, offering ample outdoor space for potential expansion, landscaping, or recreational use.
Desirable Location: Situated in a desirable Banning neighborhood, the home is conveniently located just down the street from Banning Parks and Recreation, enhancing its appeal for families and outdoor enthusiasts.
Architectural Character: The living room features unique architectural elements such as vaulted ceilings, exposed beams, and a striking marble-style fireplace, adding distinct charm and character.
Value-Add Opportunity: Described as a 'cosmetic fixer,' the property presents a significant opportunity for buyers to personalize, update, and add substantial equity through renovations.
Flexible Floor Plan: The home offers a solid layout with an office or optional third bedroom, providing versatility for various living arrangements or work-from-home needs.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Age and Required Updates: Built in 1935, the property's age suggests that beyond cosmetic improvements, major systems and infrastructure may require significant updates to meet modern standards and efficiency.
Cosmetic Fixer Condition: While an opportunity, the 'cosmetic fixer' status means the property requires immediate and potentially extensive renovation work, incurring additional costs and effort for the buyer.
Intimate Kitchen: The kitchen is described as 'intimate and practical,' which may imply it is smaller or less modern than what contemporary buyers typically seek, potentially necessitating a full remodel.
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