5218 Tamarack Lane, Banning, California 92220, Banning, 92220 - 3 bed, 3 bath
5218 Tamarack Lane
Banning, California 92220
Property Price
SUMMARY
Analysis of 5218 Tamarack Lane, Banning, California 92220 reveals a Prime Investment Opportunity with a current list price of $450,000—significantly undercutting the $467,311 Fair Market Value by 3%. This valuation gap indicates a +$17,311 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 5218 Tamarack Lane Subject | $450,000* List Price | 3 | 3 | 1,741 | $268 | - |
A 5129 Douglas Avenue Sold | $468,599 | 3 | 3 | 1,741 | $269 | 0.1 mi |
B 5277 Raintree Place Sold | $505,730 | 3 | 2 | 1,775 | $285 | 0.1 mi |
C 5139 Hackberry Place Sold | $475,720 | 3 | 3 | 1,741 | $273 | 0.1 mi |
D 5263 Raintree Place Sold | $467,970 | 2 | 2 | 1,530 | $306 | 0.3 mi |
E 2027 Linden Lane Sold | $476,194 | 3 | 3 | 1,787 | $266 | 0.2 mi |
F 5128 Douglas Avenue Sold | $476,912 | 3 | 3 | 1,741 | $274 | 0.1 mi |
G 5209 Douglas Avenue Pending | $465,573 List Price | 3 | 3 | 1,741 | $267 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a brand-new construction scheduled for completion in 2026. As a new build, it features modern energy-efficient systems, a chef-inspired kitchen with a prep island and oversized pantry, and contemporary design standards with no physical depreciation or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern New Construction
As a 2026 build, this home offers the latest in energy efficiency and contemporary design standards, providing the peace of mind that comes with a brand-new structure and builder warranties.
- Chef-Inspired Kitchen
The kitchen serves as a high-end focal point, featuring a generous prep island, abundant counter space, and an oversized pantry designed for both functionality and entertaining.
- Privacy-Oriented Layout
The Cypress floor plan intelligently separates the primary suite from the secondary bedrooms, creating a serene retreat that maximizes privacy for the homeowners.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5903, other record lot size in square feet = 3920.
- Extended Completion Timeline
With a scheduled completion date in August 2026, this property requires a significant wait time, making it unsuitable for buyers with immediate housing needs.
- Recurring Association Fees
The $195 monthly HOA fee adds a permanent carrying cost to the property, which may impact the overall affordability and budget for some prospective buyers.
About 5218 Tamarack Lane
The Cypress floor plan showcases a thoughtfully designed layout that blends style and functionality. A dedicated dining area welcomes you in and flows seamlessly into the expansive great room, creating an ideal setting for both everyday living and entertaining. The chef-inspired kitchen serves as the heart of the home, featuring a generous prep island, abundant counter space, and an oversized pantry for exceptional storage. Upstairs, the private primary suite is strategically separated from the secondary bedrooms, offering a serene and exclusive retreat. Designed with comfort and privacy in mind, this inviting space provides the perfect place to unwind while maintaining a functional layout for the rest of the household. Don’t miss this opportunity to own a beautifully designed home scheduled for completion in August 2026.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 5,903 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $195.0 / 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 | 3.0 | 2.0 | 60% |
| Square foot | 1,741 | 1,683 | 53% |
| Lot Size | 5,903 | 6,098 | 47% |
| Price | $450.0K | $450.0K | 50% |
| Price per sq ft | $258 | $261 | 48% |
| Built year | 2026 | 1998 | 99% |
| HOA | $195.0 | $202 | 40% |
| Days on market | 7 | 199 | 0% |
Pricing History
Listed for Sale
Feb 28, 2026
$450,000
Initial Listing