582 N Almond Way, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This Turnkey Modernized Bungalow is listed at $385,000, reflecting its premium upgrades and significant development potential relative to the $315,276 Fair Market Value. Boasting an exceptional Condition Rating of 2, the residence serves as a private sanctuary featuring a fully remodeled interior with modern vinyl flooring and a private patio. The expansive 8,276 sqft lot provides significant ADU Potential and is fully enclosed by a new electric vinyl gate for enhanced security. Located within the Banning Unified School District, this move-in-ready home is perfect for first-time buyers or downsizers seeking a polished, low-maintenance lifestyle.
Property is new construction or fully renovated.
Although originally built in 1935, the property has undergone an extensive recent renovation within the last few years. The interior features modern vinyl plank flooring, updated carpeting, and a fully remodeled kitchen with shaker-style cabinetry, stone countertops, and stainless steel appliances. The addition of a new electric vinyl gate and updated fixtures throughout indicates that all major components meet current quality standards, making it move-in ready.
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 = 495.
The expansive 8,276 sqft lot offers significant development potential, providing ample room to build an Accessory Dwelling Unit (ADU) or expand the existing footprint.
The property features a newly installed vinyl electric gate that fully encloses the yard, offering a secure and private environment for families and pets.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 495, other record living area = 384. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At only 495 square feet, the interior living area is exceptionally small for a two-bedroom home, which may limit its appeal to buyers requiring more functional space.
Built in 1935, the property's age may present long-term maintenance challenges related to older electrical, plumbing, or structural systems typical of homes from this era.
Beautiful, Cozy 2 -Bedroom. 1-bath Home nestled in a well established Banning neighborhood. New Vinyl electric gate which encloses the property that gives a feeling of privacy for Kids/Dogs to play in this huge back yard. Ideal for entertaining, gardening and More. Lot big enough to Build an ADU. Home is Move In ready - Vinyl flooring - Carpet in both bedrooms . Conveniently located near schools, park and not too far from 10 Freeway, Close to Morongo Casino and Cabazon Outlets. Great opportunity cannot be missed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 495 | 1,683 | 0% |
| Lot Size | 8,276 | 6,286 | 74% |
| Price | $375.0K | $442.7K | 28% |
| Price per sq ft | $758 | $263 | 100% |
| Built year | 1935 | 1995 | 3% |
| HOA | $0 | $202 | 33% |
| Days on market | 90 | 197 | 13% |
Mar 21, 2026
$375,000
$385,000
-3% Price Drop
Initial Listing
Jan 22, 2026
$385,000
Initial Listing
May 22, 2024
$365,000
Public Record
Dec 29, 2023
$166,000
Public Record