5024 Meadow Way, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
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Banning, California 92220
This Updated Single-Family Residence is listed at $469,990, positioned relative to a $398,058 Fair Market Value. Boasting a Fair Condition Rating, the interior features high-impact upgrades including new wood laminate flooring and new appliances, ensuring a move-in-ready experience. The property sits on a Generous 7,405 Sq Ft Lot, offering substantial outdoor space for recreation and privacy. With No HOA fees and a low tax rate, the home provides superior monthly affordability within the Banning Unified School District. This residence is an ideal match for first-time buyers or Owner-Occupants seeking a functional, low-carry-cost sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5024 Meadow Way Subject | $469,990* List Price | 3 | 2 | 1,485 | $272 | - |
A 1002 Oregon Trail Sold | $479,000 | 3 | 2 | 1,538 | $311 | 0.9 mi |
B 3634 White Oak Sold | $350,000 | 3 | 2 | 1,538 | $228 | 0.8 mi |
C 5640 Riviera Sold | $337,000 | 3 | 2 | 1,505 | $224 | 0.8 mi |
D 5262 Spring View Sold | $520,000 | 4 | 2 | 1,576 | $330 | 0.2 mi |
E 1053 Sycamore Court Sold | $485,000 | 4 | 2 | 1,467 | $331 | 0.7 mi |
F 5772 Riviera Sold | $360,000 | 3 | 2 | 1,505 | $239 | 0.9 mi |
G 732 Dorothy Anna Active | $509,999 List Price | 4 | 2 | 1,689 | $302 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property falls into the 'Fair' category based on age. While it features recent cosmetic upgrades including new wood laminate flooring and new stainless steel appliances, the kitchen cabinets and countertops remain original and dated. To reach a 'Good' or 'Excellent' rating, a full renovation of the kitchen and bathrooms would be required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1485.
The home features brand-new wood laminate flooring and new appliances, providing a modern, move-in-ready environment that reduces immediate renovation costs for the buyer.
The absence of HOA fees and its location in a low-tax area significantly enhance monthly affordability and long-term investment value compared to neighboring developments.
The property is noted as having no views, which may be a competitive disadvantage in a region where mountain or desert vistas are highly sought after by residents.
Built in 1997, the home may soon require capital expenditures for major systems such as the roof or HVAC, which are not addressed by the recent cosmetic upgrades.
3 Bedroom, 2 Bath home located in Snow Creek community in Banning. New wood laminate flooring. New appliances. No HOA. Low tax area.
No exterior & parking available.
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 | 1,485 | 1,683 | 41% |
| Lot Size | 7,405 | 6,534 | 64% |
| Price | $470.0K | $440.0K | 56% |
| Price per sq ft | $316 | $263 | 82% |
| Built year | 1997 | 1997 | 50% |
| HOA | $0 | $195 | 38% |
| Days on market | 51 | 176 | 3% |
Apr 24, 2026
$469,990
Initial Listing
Oct 17, 2011
$123,000
Public Record
Feb 16, 2007
$285,000
Public Record
Mar 26, 1999
$99,500
Public Record
Jun 23, 1997
$103,000
Public Record