450 Martin Street, Banning, California 92220, Banning, 92220 - 1 bed, 1 bath
ACTIVE$269,900
450 Martin Street, Banning, California 92220
1Bed
1Bath
644Sqft
6,098Lot
Price Vs. Estimate
The estimated value ($269,900) is $0 (0%) lower than the list price ($269,900). This property may be overpriced.
Key pros and cons
Top Pros:
Investor-Ready Project: The listing explicitly targets investors, highlighting its potential as a renovation project and a 'next project' opportunity.
Top Cons:
Extensive Renovation Required: The property is explicitly described as 'in need of work,' indicating significant investment and effort will be required for renovation and modernization.
Compared to the nearby listings
Price:$269.9K vs avg $457.7K ($-187,787.5)2%
Size:644 sqft vs avg 1,683 sqft2%
Price/sqft:$419 vs avg $26197%
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, this property is explicitly marketed as 'in need of work' and a 'next project' for investors. The images confirm a severely neglected and outdated condition throughout. The bathroom is in very poor shape with stained, old tiles, an ancient vanity, and fixtures requiring a complete gut renovation. While no kitchen images are provided, the overall state of the home suggests it would be equally dilapidated. Hardwood floors are heavily worn, and other tiled areas are dirty and dated. The agent's analysis highlights 'outdated systems (plumbing, electrical, HVAC) and structural components that will require substantial upgrades,' indicating significant defects and the need for extensive rehabilitation, aligning with a 'poor' condition score.
Year Built
1930
Close
-
List price
$270K
Original List price
$310K
Price/Sqft
$419
HOA
-
Days on market
-
Sold On
-
MLS number
IV25050432
Home ConditionPoor
Features
Patio
View-
About this home
ATTENTION INVESTORS!!! This charming home in need of work is situated on a large lot on a small cul-de-ac street and offers 1 bedroom plus another room with a closet used as a bedroom and a basement that is accessible from inside the home! Make this one your next project!
Condition Rating
Poor
Built in 1930, this property is explicitly marketed as 'in need of work' and a 'next project' for investors. The images confirm a severely neglected and outdated condition throughout. The bathroom is in very poor shape with stained, old tiles, an ancient vanity, and fixtures requiring a complete gut renovation. While no kitchen images are provided, the overall state of the home suggests it would be equally dilapidated. Hardwood floors are heavily worn, and other tiled areas are dirty and dated. The agent's analysis highlights 'outdated systems (plumbing, electrical, HVAC) and structural components that will require substantial upgrades,' indicating significant defects and the need for extensive rehabilitation, aligning with a 'poor' condition score.
Pros & Cons
Pros
Investor-Ready Project: The listing explicitly targets investors, highlighting its potential as a renovation project and a 'next project' opportunity.
Generous Lot Size: Situated on a large 6,098 sqft lot, offering ample space for potential expansion, landscaping, or outdoor amenities.
Cul-de-sac Location: Located on a small cul-de-sac street, which typically provides less traffic, more privacy, and a quieter living environment.
Internal Basement Access: Features a basement accessible from inside the home, providing significant potential for additional living space, storage, or future development.
Recent Price Reduction: The list price has been reduced from $309,900 to $269,900, indicating a more competitive offering and potential value for buyers.
Cons
Extensive Renovation Required: The property is explicitly described as 'in need of work,' indicating significant investment and effort will be required for renovation and modernization.
Advanced Age of Property: Built in 1930, the home likely has outdated systems (plumbing, electrical, HVAC) and structural components that will require substantial upgrades.
Limited Living Space: With only 644 sqft, the interior living area is quite small, which may limit its appeal to a broader market beyond investors seeking a project.