541 N Hargrave St, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
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Banning, California 92220
This Value-Add Residential Property is listed at $350,000, representing a stable entry point aligned with its $341,181 Fair Market Value. Boasting a Condition Rating of 3, the interior is move-in ready with modern vinyl flooring and updated kitchen cabinetry. The standout feature is the expansive 8,276 Sqft Lot and Detached Garage, offering significant ADU Conversion Potential for multi-generational living or rental income. Featuring Scenic Mountain Views within the Banning Unified School District, this home balances immediate lifestyle comfort with long-term land utility. It is an ideal match for first-time buyers or Owner-Occupants seeking a versatile, high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 541 N Hargrave St Subject | $350,000* List Price | 2 | 2 | 700 | $487 | - |
A 531 N Hargrave Sold | $375,000 | 2 | 1 | 901 | $416 | 0.0 mi |
B 313 N 3rd St Sold | $305,000 | 2 | 1 | 677 | $451 | 0.7 mi |
C 182 N 4 Street Sold | $370,000 | 2 | 1 | 840 | $440 | 0.8 mi |
D 1280 N Murray St Sold | $400,000 | 3 | 2 | 906 | $442 | 0.6 mi |
E 1282 N Phillips Sold | $369,000 | 3 | 1 | 924 | $399 | 0.5 mi |
F 685 N Allen Pending | $300,000 List Price | 2 | 1 | 680 | $441 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with significant recent interior updates. The kitchen features newer cabinetry, butcher block countertops, and modern black appliances, while the bathrooms have been refreshed with updated vanities and fixtures. Modern vinyl plank flooring is consistent throughout the living areas. While the 1948 exterior shows some wear and the yard is unlandscaped, the interior living spaces have been well-maintained and modernized.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 700.
The property features a detached garage that is ideally suited for an easy conversion into an Accessory Dwelling Unit (ADU), providing a great opportunity for rental income or multi-generational living.
Situated on a generous 8,276 square foot lot, the property offers significant outdoor space for gardening, pets, and recreation, which is a substantial asset for a home of this footprint.
With only 700 square feet of interior space, the home's layout is quite small, which may present challenges for buyers looking for larger communal areas or extensive storage.
Built in 1948, the property may require updates to its older systems and structural components to meet modern energy efficiency standards and contemporary building codes.
FIRST SHOWINGS WILL BE HELD APRIL 12TH AT OPEN HOUSE! Welcome to this inviting Banning home, perfectly suited for comfortable family living! Nestled on a quiet street, this warm and welcoming residence offers a friendly atmosphere from the moment you arrive. Inside, you’ll find a bright and functional layout designed for everyday living, with spacious living areas that provide plenty of room for relaxing, gathering, and making lasting memories. Detached garage for an easy conversion to ADU. The home features generously sized bedrooms, offering comfort and privacy for the whole family, along with well-appointed bathrooms and a kitchen that’s ready for both daily meals and weekend get-togethers. Natural light fills the interior, creating an airy and cheerful ambiance throughout. Step outside to a private backyard with plenty of space for kids to play, pets to roam, or to create your own outdoor retreat—perfect for barbecues, gardening, or simply enjoying Southern California’s beautiful weather. Conveniently located near local schools, parks, shopping, and easy freeway access, this home offers both comfort and convenience for growing families or anyone looking to settle into a welcoming community. Come see all the possibilities this lovely home has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 700 | 1,683 | 1% |
| Lot Size | 8,276 | 6,286 | 74% |
| Price | $350.0K | $442.7K | 17% |
| Price per sq ft | $500 | $263 | 100% |
| Built year | 1948 | 1995 | 7% |
| HOA | $0 | $202 | 33% |
| Days on market | 28 | 197 | 0% |
Mar 25, 2026
$350,000
Initial Listing
Feb 4, 2022
$320,000
Public Record
Aug 20, 2021
$220,000
Public Record
Mar 24, 2014
$85,000
Public Record
Feb 14, 2014
$5,400
Public Record