
Banning, California 92220
This Spacious 55+ Residential Home is a High-Potential Investment Opportunity listed at $339,000—positioned well below the $387,016 Fair Market Value by 12%. This valuation gap provides $48,016 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the property is move-in ready, featuring Mountain Views, a Great Room Fireplace, and a Private Backyard. Located in "Mountain Springs Estates" where you Own the Land with low $119 HOA dues, it offers proximity to Banning Unified schools. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3800 W Wilson 128 Subject | $325,000* List Price | 3 | 2 | 1,586 | $205 | - |
A 492 Autumn Way Sold | $365,000 | 3 | 2 | 1,475 | $247 | 0.9 mi |
B 2664 Hazy Sold | $371,000 | 3 | 2 | 1,475 | $252 | 1.0 mi |
C 5089 Oakhurst Sold | $337,000 | 2 | 2 | 1,277 | $264 | 1.0 mi |
D 4944 Oakhurst Sold | $410,000 | 2 | 3 | 1,825 | $225 | 0.9 mi |
E 440 Brooklawn Drive Sold | $370,000 | 2 | 2 | 1,471 | $252 | 0.9 mi |
F 699 Amber Sky Sold | $380,000 | 2 | 2 | 1,710 | $222 | 0.9 mi |
G 2648 Hazy Way Pending | $309,000 List Price | 3 | 2 | 1,289 | $240 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is move-in ready and exceptionally well-maintained for its age. The kitchen is spacious and clean with original cabinetry and functional white appliances. While the interior finishes, including the carpet and light fixtures, reflect the styles of the mid-2000s and have not undergone a full modern renovation, the home shows minimal wear and tear. The exterior exhibits great curb appeal and the major systems appear to be within their functional lifespan, requiring no immediate repairs.
"Mountain Springs Estates"...A 55 Plus community where you "OWN THE LAND"!! You will love the curb appeal of this home! As you walk in notice the charm this home has to offer. A large Great room with a fireplace and a spacious kitchen with plenty of counter space. Very light and bright home, with 3 Bedrooms, (3rd bedroom no closet). This is an affordable lifestyle with low HOA dues that include tennis, pickelball, a pool and picnic and BBQ areas! This spacious home has over 1580 square feet, a detached two car garage and a nice little backyard with mountin views. Located near the 10 FWY, hospital, medical buildings, shopping and restaurants and don't forget the outlet stores and Morongo Casino.
No exterior & parking available.
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,586 | 1,683 | 45% |
| Lot Size | 4,792 | 6,233.5 | 33% |
| Price | $325.0K | $442.7K | 7% |
| Price per sq ft | $205 | $263 | 7% |
| Built year | 2005 | 1995 | 71% |
| HOA | $119.0 | $202 | 35% |
| Days on market | 88 | 198 | 11% |
Mar 22, 2026
$325,000
$339,000
-4% Price Drop
Initial Listing
Jan 25, 2026
$339,000
Initial Listing
Dec 15, 2016
$146,000
Public Record
Jul 24, 2009
$99,000
Public Record