5340 W Palmer Drive, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
5340 W Palmer Drive
Banning, California 92220
Property Price
SUMMARY
Analysis of 5340 W Palmer Drive, Banning, California 92220 is currently available with a list price of $257,600. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is exceptionally clean and move-in ready with updated wood laminate flooring and a neutral interior. However, it is scored as fair because it was built in 1987 and retains many original or dated features, including 1980s-style oak cabinetry, white appliances, fluorescent kitchen lighting, and older bathroom fixtures, which have not undergone a comprehensive modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
- 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.
About 5340 W Palmer Drive
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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 985 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $385.0 / Month
Neighborhood Insights
Banning Unified Schools
Three Rings Ranch Elementary School
Grades K-5 • 3.2 mi
Mountain View Middle School
Grades 6-8 • 3.7 mi
Banning High School
Grades 9-12 • 3.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 985 | 1,300 | 27% |
| Lot Size | 985 | 1,742 | 33% |
| Price | $257.6K | $320.0K | 13% |
| Price per sq ft | $262 | $262 | 50% |
| Built year | 1987 | 1992 | 27% |
| HOA | $385.0 | $385 | 50% |
| Days on market | 65 | 155 | 13% |
Pricing History
Listed for Sale
Feb 20, 2026
$257,600
$280,000
-8% Price Drop
Initial Listing
Price Change
Jan 1, 2026
$280,000
Initial Listing
Sold
Nov 8, 2000
$85,500
Public Record
Sold
Nov 13, 1998
$77,000
Public Record