582 N Almond, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This Strong Value Opportunity is a Single Family Residence listed at $365,000, positioned above the $333,515 Fair Market Value. While the property carries a Condition Rating of 3, it features recent exterior renovations and a massive 8,276 sqft lot. The significant land-to-building ratio provides substantial expansion potential for an ADU or structural addition. Located in the Banning Unified district, this home offers a functional entry point for Buy-and-Hold Investors or first-time buyers seeking a manageable, well-located asset with long-term growth upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 582 N Almond Subject | $365,000* List Price | 2 | 1 | 495 | $674 | - |
A 1058 N Hermosa Active | $344,980 List Price | 2 | 1 | 500 | $690 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1935, the property shows evidence of a recent renovation (likely within the last 3 years) indicated by the $200k price jump since 2023 and visible exterior updates including a newer roof, vinyl windows, fresh paint, and new fencing. The structure appears well-maintained and move-in ready, though the unfinished landscaping prevents an 'Excellent' rating.
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 = 384.
The property features a generous 8,276 sqft lot, providing ample space for future additions, an Accessory Dwelling Unit (ADU), or extensive outdoor landscaping.
Situated in the heart of Banning, the home offers excellent proximity to local shopping centers and immediate freeway access, ideal for daily convenience and commuting.
With only 384 sqft of living space, the interior is exceptionally small, which may significantly limit buyer interest and functional living options.
The listing price of $365,000 represents a substantial increase over its previous $166,000 sale price, which may lead to appraisal difficulties or buyer resistance.
Cozy 2 bedroom 1 bath home in the heart of Banning just waiting for it's new owner. Perfect for first time homebuyers. Don't let the small size fool you, there is plenty of room to grow. Close to shopping and freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 495 | 1,574 |
| Lot Size | 8,276 | 5,523 |
| Price | $365.0K | $437.6K |
| Price per sq ft | $737 | $260 |
| Built year | 1935 | 2001 |
| HOA | $0 | $220 |
| Days on market | 6 | 79 |
Jul 16, 2026
$365,000
Initial Listing
May 22, 2024
$365,000
Public Record
Dec 29, 2023
$166,000
Public Record