481 Martin, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This property presents a High-Potential Investment Opportunity with a List Price of $329,900—positioned well above the $287,512 Fair Market Value by -14%. While the current list price exceeds the estimated value, the 6,098 sqft lot and quiet cul-de-sac location provide a foundation for forced appreciation. Given the Condition Rating of 5, the home requires a comprehensive renovation to modernize its 1934 infrastructure. This asset is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 481 Martin Subject | $329,900* List Price | 2 | 1 | 792 | $363 | - |
A 1264 N Hargrave Sold | $275,000 | 2 | 1 | 853 | $322 | 0.6 mi |
B 457 Nicolet Sold | $300,000 | 2 | 1 | 669 | $448 | 0.5 mi |
C 685 N Allen Sold | $300,000 | 2 | 1 | 680 | $441 | 0.7 mi |
D 1308 N Phillips Sold | $336,000 | 3 | 1 | 924 | $364 | 0.7 mi |
E 1291 N Almond Way Sold | $330,000 | 3 | 2 | 1,104 | $299 | 0.6 mi |
F 666 Fashion Way Sold | $330,000 | 3 | 2 | 1,044 | $316 | 0.9 mi |
G 231 N Allen Sold | $367,000 | 3 | 1 | 1,040 | $353 | 0.7 mi |
H 331 Fay Street Pending | $259,900 List Price | 2 | 1 | 780 | $333 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1934 and explicitly described as a 'Fixer,' this property is over 90 years old and likely requires a complete rehab. Given the age and description, the kitchen, bathroom, and major systems (HVAC/Electric) are likely outdated or non-functional, meeting the criteria for safety/structural defects needing significant investment.
Situated on a small cul-de-sac street, the property offers a peaceful environment with minimal through-traffic, enhancing privacy and safety.
As a designated 'fixer' with a competitive entry price, this property presents an excellent opportunity for investors or flippers to build substantial equity through renovation.
The 6,098 square foot lot provides a generous amount of outdoor space relative to the home's footprint, offering room for potential expansion, an ADU, or extensive landscaping.
The property is explicitly listed as a fixer-upper, implying that significant capital investment will be required to address deferred maintenance and modernization.
With only 792 square feet of living space and a 1934 build date, the home offers limited interior room and likely features outdated systems that may not meet modern functional needs.
Fixer located on small Cul-De-Sac street.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 792 | 1,574 |
| Lot Size | 6,098 | 5,523 |
| Price | $329.9K | $437.6K |
| Price per sq ft | $417 | $260 |
| Built year | 1934 | 2001 |
| HOA | $0 | $220 |
| Days on market | 6 | 79 |
Jul 16, 2026
$329,900
Initial Listing
Jan 23, 2009
$35,000
Public Record
Oct 17, 2005
$207,000
Public Record