57 S 3rd, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath

57 S 3rd, Banning, California 92220 home-pic-0

57 S 3rd

Banning, California 92220

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,054Sq Ft
4,792Lot Size

Property Price

LIST PRICE$437,500
EST. MARKET VALUE
$413,059
5% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$413,059
Based on Realkey algorithm analyzing recent comparable sales in Banning.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property, built in 1964, is described as 'recently remodeled' and 'tastefully updated,' making it 'move-in ready' and a 'turnkey property.' The exterior images support a well-maintained appearance with fresh paint and possibly newer windows. While interior photos of the kitchen and bathrooms are not provided, the strong emphasis on 'updated finishes' suggests these key areas have been addressed to a modern, functional standard within the last 5-15 years. Although the 'Older Core Structure' is noted as a weakness, implying potential for older underlying systems, the overall presentation and visible condition align with a property that is functional, comfortable, and requires no immediate renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • Recent Remodel & Updates

    The property has been recently and tastefully updated with modern finishes, offering a 'move-in ready' condition while retaining its original charm.

  • Seller Financing Option

    The seller's willingness to finance with a 20% down payment significantly broadens the pool of potential buyers, making homeownership more accessible.

  • Turnkey Property

    Described as 'move-in ready' and 'turnkey,' this home requires minimal immediate investment or renovation, appealing to buyers seeking convenience and immediate occupancy.

CONSRISKS & DEFICIENCIES

  • Compact Living Space

    At 1054 sqft, the interior living space is relatively compact for a 3-bedroom home, which might be a constraint for larger families or those desiring more expansive rooms.

  • Older Core Structure

    Built in 1964, the property's age, despite updates, suggests potential for older underlying systems (e.g., plumbing, electrical, HVAC) that may not have been fully modernized, potentially leading to future maintenance considerations.

  • Limited Outdoor Space & No Views

    The 4792 sqft lot size offers limited outdoor area, and the property explicitly states 'None' for views, which may not appeal to buyers prioritizing spacious yards or scenic outlooks.

About 57 S 3rd

Charming and move in ready! this recently remodeled 3 bedroom and 1.5 bathrooms home offers comfort, functionality, and a classic character. Originally built in 1964, the home has been tastefully updated while maintaining it's original charm. Enjoy a bright and welcoming living space, updated finishes, and a practical layout ideal for everyday living. Conveniently located in the city of Banning, this home is perfect for first time home buyers, downsizers, or anyone looking for a cozy, turnkey property. SELLER IS WILLLING TO FINANCE WITH 20% DOWNPAYMENT. Don't miss this great opportunity!!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1964
Lot Size
4,792 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,0541,683
9%
Lot Size4,7926,098
34%
Price$437.5K$450.0K
45%
Price per sq ft$415$261
95%
Built year19641997
16%
HOA$0$202
31%
Days on market40199
0%

Pricing History

Listed for Sale

Jan 26, 2026

$437,500

Initial Listing

Sold

Feb 27, 2012

$33,000

Public Record

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