5340 W Palmer Drive, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
ACTIVE$280,000$985/sqft
5340 W Palmer Drive, Banning, California 92220
2Beds
2Baths
985Sqft
985Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exclusive 55+ Community: Located in the prestigious, gated Sun Lakes 55+ community, offering a tailored lifestyle for retirees with a golf course and beautifully landscaped surroundings.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =985, other record lot size in square feet = 4356.
Compared to the nearby listings
Price:$280.0K vs avg $320.0K ($-40,000)27%
Size:985 sqft vs avg 1,356 sqft33%
Price/sqft:$284 vs avg $25067%
More Insights
Built in 1987 (39 years old).
Condition: The property, built in 1987, is well-maintained but shows significant signs of age and outdated styling, particularly in the kitchen and bathrooms. The kitchen features older black appliances, laminate countertops, and dated fluorescent lighting. Bathrooms have original-era vanities, fixtures, and specific wall colors (green and purple). While functional, these areas require cosmetic updates to meet current standards. Carpets in bedrooms show wear and discoloration, indicating a need for replacement. The overall condition suggests regular upkeep but no major renovations in recent decades, aligning with the 'fair' category's criteria for properties built over 20 years ago that require minor updates.
Year Built
1987
Close
-
List price
$280K
Original List price
$280K
Price/Sqft
$284
HOA
$385
Days on market
-
Sold On
-
MLS number
219140526DA
Home ConditionFair
Features
Patio
View-
About this home
Cozy condo in the prestigious golf course 55+ community of Sun Lakes . This gated community has many amenities, beautifully landscaped. The best place to retire, the lap of luxury! This home has a great entry into the living room with wood laminate flooring, and a fireplace, lots of windows make it bright and view into the cute back patio. It's gorgeous and very clean. Nice sized kitchen with wood cabinets! There is garage access from house, with lots of room for storage
M
Marvin Mark Stone
Listing Agent
Nearby schools
6/10
Three Rings Ranch Elementary School
Public,•K-5•3.2mi
5/10
Mountain View Middle School
Public,•6-8•3.7mi
4/10
Banning High School
Public,•9-12•3.3mi
5/10
Beaumont Senior High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
11/08/00
Sold
$85,500
11/13/98
Sold
$77,000
Condition Rating
Fair
The property, built in 1987, is well-maintained but shows significant signs of age and outdated styling, particularly in the kitchen and bathrooms. The kitchen features older black appliances, laminate countertops, and dated fluorescent lighting. Bathrooms have original-era vanities, fixtures, and specific wall colors (green and purple). While functional, these areas require cosmetic updates to meet current standards. Carpets in bedrooms show wear and discoloration, indicating a need for replacement. The overall condition suggests regular upkeep but no major renovations in recent decades, aligning with the 'fair' category's criteria for properties built over 20 years ago that require minor updates.
Pros & Cons
Pros
Exclusive 55+ Community: Located in the prestigious, gated Sun Lakes 55+ community, offering a tailored lifestyle for retirees with a golf course and beautifully landscaped surroundings.
Extensive Community Amenities: The community provides numerous amenities, enhancing the living experience and offering a 'lap of luxury' retirement.
Well-Maintained Interior: The condo is described as 'gorgeous and very clean,' featuring wood laminate flooring, a fireplace, and abundant windows for brightness.
Functional Kitchen: A 'nice sized kitchen with wood cabinets' offers a practical and aesthetically pleasing space for cooking.
Convenient Garage Access & Storage: Direct garage access from the house provides convenience and ample room for storage.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =985, other record lot size in square feet = 4356.
Age of Property: Built in 1987, the property is over 35 years old, which may imply older systems or potential for future maintenance needs.
Monthly Association Fees: A significant monthly association fee of $385.0 is a recurring cost that buyers must factor into their budget.
Age-Restricted Community: The 55+ community designation limits the potential buyer pool, which could impact marketability and resale value.