514 E Victory, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
514 E Victory
Banning, California 92220
Property Price
SUMMARY
Analysis of 514 E Victory, Banning, California 92220 reveals a property with a current list price of $875,000, which is 4% above the estimated $835,230 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Banning Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 E Victory Subject | $875,000* List Price | 3 | 2 | 1,512 | $552 | - |
A 943 Wesley Street Active | $729,000 List Price | 3 | 2 | 1,332 | $547 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this home is aged but appears to be maintained. The kitchen is significantly outdated with older white appliances, laminate countertops, and dated vinyl flooring, requiring a full renovation. Bathrooms show some minor updates (newer vanities, tiled shower in one) but are not modern. Living areas have decent hardwood floors, but bedrooms have worn carpet. While functional, the property requires substantial cosmetic updates to meet current standards, particularly in the kitchen, but does not show signs of major structural defects or being unsafe.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 95832, living area = 1512.
- Expansive, Usable Land
Over 2.2 acres of flat, usable land, offering significant space for various activities such as horse keeping, outdoor recreation, or future expansion.
- Strong Development Potential
The property is explicitly highlighted for investors, with the possibility of building additional homes, indicating high future value and versatility.
CONSRISKS & DEFICIENCIES
- Age of Existing Home
Built in 1964, the existing 3-bedroom, 2-bathroom home is older, suggesting potential needs for updates to systems, finishes, and energy efficiency to meet modern buyer expectations.
- Modest Home Size
The 1512 sqft home is relatively small compared to the expansive 2.2-acre lot, which might not align with buyers seeking a larger primary residence on such a substantial parcel without further expansion or renovation.
- Unspecified Condition/Updates
The description lacks details on recent renovations or modern amenities within the existing home, implying that significant investment may be required to modernize the interior and bring it up to current standards.
About 514 E Victory
Don’t miss this incredible opportunity to own over 2.2 acres of flat, usable land, perfect for horse lovers, outdoor enthusiasts, or investors looking for development potential. Situated on a desirable corner lot, this property offers ample space for future expansion, including the possibility of building additional homes. The existing 3-bedroom, 2-bathroom home provides comfortable living, featuring a fenced-in yard around the house for added privacy and security. A detached 2-car garage offers plenty of storage and workspace.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 95,832 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,683 | 40% |
| Lot Size | 95,832 | 6,098 | 99% |
| Price | $875.0K | $450.0K | 98% |
| Price per sq ft | $579 | $261 | 100% |
| Built year | 1964 | 1997 | 16% |
| HOA | $0 | $202 | 31% |
| Days on market | 56 | 199 | 4% |
Pricing History
Listed for Sale
Jan 10, 2026
$875,000
Initial Listing
Sold
May 15, 2013
$159,000
Public Record