552 N Hargrave Street, Banning, California 92220, Banning, 92220 - 1 bed, 1 bath
ACTIVE$299,900
552 N Hargrave Street, Banning, California 92220
1Bed
1Bath
736Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($272,082.825) is $27,817.175 (9%) lower than the list price ($299,900). This property may be overpriced.
Key pros and cons
Top Pros:
Investor Opportunity: Explicitly marketed as a 'project' property for investors, indicating potential for value-add through renovation and resale or rental.
Top Cons:
Cash Offers Only / Extensive Renovation Required: The requirement for cash offers only and designation as a 'project' property significantly limits the buyer pool and indicates substantial, costly renovations are needed.
Compared to the nearby listings
Price:$299.9K vs avg $457.7K ($-157,787.5)5%
Size:736 sqft vs avg 1,683 sqft2%
Price/sqft:$407 vs avg $26196%
More Insights
Built in 1936 (89 years old).
Condition: Built in 1936, this property is explicitly marketed as a 'project' requiring 'extensive renovation' and is for 'CASH OFFERS ONLY!' This indicates significant defects affecting safety, soundness, and structural integrity, with major components and systems (kitchen, bathrooms, electrical, plumbing, HVAC) likely requiring substantial repairs or full replacement. The exterior image shows clear signs of neglect and dated features, reinforcing the need for comprehensive rehabilitation.
Year Built
1936
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$407
HOA
-
Days on market
-
Sold On
-
MLS number
IV25050406
Home ConditionPoor
Features
View-
About this home
ATTENTION INVESTORS!!! CASH OFFERS ONLY! Make this property your next project. 1 Bedroom (on record) with a bonus room being used as a bedroom on a fenced lot with a 1 car garage.
Condition Rating
Poor
Built in 1936, this property is explicitly marketed as a 'project' requiring 'extensive renovation' and is for 'CASH OFFERS ONLY!' This indicates significant defects affecting safety, soundness, and structural integrity, with major components and systems (kitchen, bathrooms, electrical, plumbing, HVAC) likely requiring substantial repairs or full replacement. The exterior image shows clear signs of neglect and dated features, reinforcing the need for comprehensive rehabilitation.
Pros & Cons
Pros
Investor Opportunity: Explicitly marketed as a 'project' property for investors, indicating potential for value-add through renovation and resale or rental.
Generous Lot Size: The property sits on a substantial 6,970 sqft lot, offering ample outdoor space, potential for expansion, or possibly an Accessory Dwelling Unit (ADU) subject to local zoning.
Bonus Room Potential: Includes a bonus room currently used as a bedroom, providing flexible living space beyond the recorded 1 bedroom and enhancing functionality.
Fenced Lot: The fenced lot adds privacy, security, and is a desirable feature for pet owners or families, improving the property's appeal.
Attached Garage: A 1-car garage provides convenient parking, additional storage, or potential for conversion into extra living space.
Cons
Cash Offers Only / Extensive Renovation Required: The requirement for cash offers only and designation as a 'project' property significantly limits the buyer pool and indicates substantial, costly renovations are needed.
Overpriced Relative to Estimated Value: The listing price of $299,900 is approximately 17% higher than the estimated property value of $246,690.825, suggesting it is currently overpriced for its condition.
Small Square Footage & Age: With only 736 sqft of living space and built in 1936, the property is small and likely requires significant updates to its systems and aesthetics to meet modern standards.