582 N Almond Way, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
582 N Almond Way
Banning, California 92220
Property Price
SUMMARY
Analysis of 582 N Almond Way, Banning, California 92220 reveals a property with a current list price of $385,000, which is 17% above the estimated $316,072 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Banning Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 582 N Almond Way Subject | $385,000* List Price | 2 | 1 | 495 | $639 | - |
A 906 N Allen Active | $385,000 List Price | 3 | 1 | 640 | $602 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1935, the property has undergone an extensive and recent interior renovation. The kitchen features modern two-tone cabinetry, new stainless steel appliances, and contemporary countertops. The bathroom has a new shower stall with modern fixtures. New vinyl plank flooring and carpet are installed throughout, and mini-split AC units provide modern cooling. The overall interior condition is virtually new and move-in ready, aligning with an extensive renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- ADU Potential
The property offers a large lot with significant potential to build an Accessory Dwelling Unit (ADU), providing future income or expanded living space.
- Enhanced Privacy & Security
A new vinyl electric gate encloses the property, offering a strong sense of privacy and a secure environment for children and pets in the large backyard.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Compact Living Space
With only 495 square feet, the interior living space is quite small, which may limit comfort and functionality for some buyers.
- Age of Property
Built in 1935, the home is an older property, which could imply potential for outdated infrastructure or future maintenance requirements despite being move-in ready.
About 582 N Almond Way
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 495 | 1,683 | 1% |
| Lot Size | 8,276 | 6,098 | 76% |
| Price | $385.0K | $450.0K | 30% |
| Price per sq ft | $778 | $261 | 100% |
| Built year | 1935 | 1997 | 2% |
| HOA | $0 | $202 | 31% |
| Days on market | 44 | 199 | 1% |
Pricing History
Listed for Sale
Jan 22, 2026
$385,000
Initial Listing
Sold
May 22, 2024
$365,000
Public Record
Sold
Dec 29, 2023
$166,000
Public Record