647 W Ramsey, Banning, California 92220, Banning, 92220 - 4 bed, 2 bath
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Banning, California 92220
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $465,000—positioned slightly above the $456,316 Fair Market Value. While the list price reflects a premium, the property boasts a Mint Condition Rating following a comprehensive recent renovation. Featuring a high-density 4-bedroom layout and historic 1910 charm, this home offers immediate rental utility or comfortable living. Its location within the Banning Unified school district adds long-term stability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with vintage character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 647 W Ramsey Subject | $465,000* List Price | 4 | 2 | 1,440 | $317 | - |
A 80 E Theodore Sold | $499,000 | 3 | 2 | 1,360 | $367 | 0.9 mi |
B 5463 Indigo Way Sold | $466,323 | 3 | 3 | 1,787 | $261 | 0.4 mi |
C 494 Drury Sold | $390,000 | 2 | 2 | 977 | $399 | 0.7 mi |
D 711 N 16th Sold | $420,000 | 3 | 2 | 1,495 | $281 | 0.8 mi |
E 432 Pendleton Sold | $520,000 | 2 | 2 | 1,512 | $344 | 0.9 mi |
F 911 W George Street Sold | $435,000 | 3 | 2 | 1,101 | $395 | 0.4 mi |
G 546 W Indian School Lane Active Under Contract | $499,000 List Price | 4 | 2 | 1,512 | $330 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1910 build date, the property shows evidence of a comprehensive recent renovation (likely within the last 5 years). The interior features modern LVP flooring, updated bathroom fixtures, fresh paint, and newer windows, presenting a move-in ready, mint condition appearance.
With 4 bedrooms in a 1,440 square foot layout, this property offers a high room density that is ideal for larger families or investors seeking maximum rental utility.
Built in 1910, the home possesses unique architectural charm and vintage appeal that stands out in a market often dominated by modern tract housing.
The property has demonstrated a strong upward valuation trend, with its market value more than doubling since 2020, signaling robust demand in the Banning area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Due to the 1910 construction date, the property likely requires careful inspection of aging systems such as plumbing, electrical, and foundation which may necessitate future capital expenditure.
The current list price represents a significant $55,000 increase over its sale price from just two months prior, which may present challenges for appraisal and buyer justification.
Exceptional opportunity in Banning. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,440 | 1,574 |
| Lot Size | 6,098 | 5,523 |
| Price | $465.0K | $437.6K |
| Price per sq ft | $323 | $260 |
| Built year | 1910 | 2001 |
| HOA | $0 | $220 |
| Days on market | 13 | 79 |
Jul 9, 2026
$465,000
Initial Listing
May 20, 2024
$410,000
Public Record
Oct 19, 2021
$335,000
Public Record
Dec 11, 2020
$175,000
Public Record
Jun 22, 2015
$165,000
Public Record
Nov 2, 2001
$42,500
Public Record