655 N Blanchard, Banning, California 92220, Banning, 92220 - 4 bed, 2 bath
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Banning, California 92220
This 2021 New Construction Shell represents a strategic Value-Add Asset with a List Price of $375,000. While currently positioned above the $346,147 Fair Market Value, the property’s modern infrastructure—including the roof, electrical, and plumbing—significantly reduces the development risk and construction timeline. The 4-bedroom, 2-bathroom layout and Condition Rating of 5 provide a blank canvas for customization in the Banning Unified district. This project offers Significant Equity Potential upon completion, making it an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 655 N Blanchard Subject | $375,000* List Price | 4 | 2 | 1,498 | $231 | - |
A 1771 N San Gorgonio Sold | $325,000 | 2 | 2 | 1,360 | $239 | 0.9 mi |
B 1065 N San Gorgonio Sold | $399,900 | 4 | 4 | 1,697 | $236 | 0.7 mi |
C 1354 N Hermosa Avenue Sold | $420,000 | 3 | 2 | 1,421 | $296 | 0.5 mi |
D 1291 N Almond Way Pending | $340,000 List Price | 3 | 2 | 1,104 | $308 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the structure is a 2021 build, the interior is currently an unfinished shell. It lacks drywall, flooring, and all kitchen/bathroom fixtures, requiring a full interior build-out to be habitable.
Built in 2021 with major structural components including the roof, electrical, and plumbing already in place, providing the benefits of a new home with reduced construction timelines.
The nearly finished state offers a rare opportunity for investors or primary buyers to personalize final finishes and create instant equity upon completion of the project.
The 4-bedroom, 2-bathroom floor plan is highly desirable for the area, offering a practical and efficient use of 1,498 square feet that appeals to a wide range of occupants.
The property was recently sold within the past year on 2025-07-11. The sold price is $320,000.00.
As an unfinished new construction, the property may not qualify for traditional residential financing, likely requiring cash or specialized construction loans, which limits the potential buyer pool.
The requirement for the buyer to verify all permits and completion details introduces potential administrative hurdles and unforeseen costs to ensure the structure meets local building codes for occupancy.
Incredible opportunity to complete your dream home! This nearly finished new construction property is designed with a floor plan featuring 4 bedrooms, 2 bathrooms, and a 2-car garage. The home is currently near completion, offering buyers the unique opportunity to personalize and complete the final details to their own style and taste. Major components are already in place, including the structure, roof, electrical, and plumbing, saving time and cost for the next owner. Situated on a spacious lot, this property is ideal for investors, builders, or buyers looking to create a personalized home with strong upside potential. Don’t miss this rare chance to complete a newer build and create instant equity. Buyer to verify permits, square footage, and completion details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,498 | 1,683 | 42% |
| Lot Size | 6,098 | 6,395.5 | 48% |
| Price | $375.0K | $437.5K | 33% |
| Price per sq ft | $250 | $263 | 41% |
| Built year | 2021 | 1997 | 76% |
| HOA | $0 | $195 | 38% |
| Days on market | 45 | 176 | 3% |
Apr 30, 2026
$375,000
Initial Listing
Jul 11, 2025
$320,000
Public Record
Dec 31, 2018
$28,000
Public Record
Nov 1, 2017
$18,000
Public Record