711 N 16th, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
711 N 16th
Banning, California 92220
Property Price
SUMMARY
Analysis of 711 N 16th, Banning, California 92220 reveals a Prime Investment Opportunity with a current list price of $399,900—significantly undercutting the $432,215 Fair Market Value by 7%. This valuation gap indicates a +$32,315 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 711 N 16th Subject | $399,900* List Price | 3 | 2 | 1,495 | $289 | - |
A 672 N 17th Sold | $449,000 | 3 | 2 | 1,293 | $347 | 0.0 mi |
B 740 Bennett Sold | $440,000 | 3 | 2 | 1,455 | $302 | 0.5 mi |
C 1036 W Gilman Street Sold | $475,000 | 3 | 2 | 1,451 | $327 | 0.5 mi |
D 2914 W Wilson Sold | $475,000 | 3 | 2 | 1,380 | $344 | 0.8 mi |
E 950 Starlight Court Sold | $475,000 | 3 | 3 | 1,695 | $280 | 0.4 mi |
F 1078 W King Street Active | $499,999 List Price | 3 | 3 | 1,625 | $308 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent upgrades to major systems, including a newer roof, AC, and windows. While built in 1977, the home has been well-maintained with functional updates throughout, most notably an enlarged primary bathroom with a jacuzzi tub and a modernized primary suite, placing it firmly in the 'good' category.
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 = 7405, living area = 1495.
- Major System Upgrades
The property features a newer roof, AC system, and windows, significantly reducing the risk of immediate capital expenditures for the buyer.
- Enhanced Primary Suite
The primary suite has been thoughtfully upgraded with a walk-in closet and an enlarged bathroom featuring a jacuzzi tub, providing a modern retreat within a classic ranch layout.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Despite recent surface and system updates, the 1977 construction year suggests that original underlying components like plumbing or electrical may eventually require attention.
- Limited View
The property is listed with a 'Peek-A-Boo' view, which may be underwhelming for buyers specifically seeking the expansive mountain or desert vistas common to the Banning area.
About 711 N 16th
This inviting ranch-style 3-bedroom, 2-bath home in Banning combines comfort and modern improvements. Features include a newer AC system, roof, and windows. The primary suite offers a walk-in closet and an enlarged bathroom with jacuzzi tub. The kitchen is brightened by a garden window, and the large grassy backyard, fully enclosed with vinyl fencing, provides privacy and plenty of space for kids, pets, or gardening. A sprinkler system keeps both front and back yards lush and low-maintenance. Situated in a well-established neighborhood adjacent to Gilman Ranch Historic Park, the home offers easy freeway access and the freedom of no HOA. Perfect for families, retirees, or anyone seeking a comfortable home, it combines ranch-style charm with functional updates throughout. Call to arrange a showing on this wonderful home today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,495 | 1,683 | 37% |
| Lot Size | 7,405 | 6,098 | 68% |
| Price | $399.9K | $450.0K | 32% |
| Price per sq ft | $267 | $261 | 54% |
| Built year | 1977 | 1997 | 18% |
| HOA | $0 | $202 | 31% |
| Days on market | 6 | 199 | 0% |
Pricing History
Listed for Sale
Mar 1, 2026
$399,900
Initial Listing
Sold
Jul 13, 1999
$87,500
Public Record
Sold
May 16, 1994
$65,000
Public Record