720 E George St, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
ACTIVE$479,900$1,224/sqft
Est. Value: $434,297
-9%
AboveEstimate
720 E George St, Banning, California 92220
3Beds
2Baths
1,224Sqft
39,204Lot
Price Vs. Estimate
The estimated value ($434,296.86) is $45,603.14 (9%) lower than the list price ($479,900). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 39204, living area = 1224.
Top Cons:
Age of Property: Built in 1947, the home is older, which may suggest a need for updates to plumbing, electrical, or other core systems not explicitly mentioned as renovated.
Compared to the nearby listings
Price:$479.9K vs avg $459.3K (+$20,561)61%
Size:1,224 sqft vs avg 1,678 sqft14%
Price/sqft:$392 vs avg $26492%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property shows signs of regular upkeep with fresh paint and functional systems like central A/C. However, the kitchen features dated laminate countertops, older cabinets, and basic appliances. The main bathroom is significantly outdated with tiled countertops and a swan-etched shower door, suggesting renovations from 15-30 years ago. While clean and livable, the property requires substantial cosmetic and functional updates to key areas to meet current quality standards.
Year Built
1947
Close
-
List price
$480K
Original List price
$480K
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
IG26000021
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
Welcome to 720 E George St, Banning, CA—an excellent opportunity perfect for first-time home buyers featuring approximately under a 1 acre of usable land with potential for ADU additions (buyer to verify). The property offers ample space for RVs, trailers, or additional vehicles, with convenient access to the rear of the lot. The home is equipped with a central A/C and furnace system for year-round comfort. A 2-car garage provides secure parking, with additional parking available in the driveway or on the street. Conveniently located minutes from schools, shopping centers, and freeway access, this expansive lot presents endless possibilities for expansion, storage, or future development.
J
Jose Barraza Enriquez
Listing Agent
Price History
Date
Event
Price
08/18/00
Sold
$48,000
12/12/18
Sold
$249,000
Condition Rating
Fair
Built in 1947, this property shows signs of regular upkeep with fresh paint and functional systems like central A/C. However, the kitchen features dated laminate countertops, older cabinets, and basic appliances. The main bathroom is significantly outdated with tiled countertops and a swan-etched shower door, suggesting renovations from 15-30 years ago. While clean and livable, the property requires substantial cosmetic and functional updates to key areas to meet current quality standards.
Pros & Cons
Pros
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 = 39204, living area = 1224.
Expansive & Usable Lot: The property boasts nearly an acre (39,204 sqft) of usable land, offering significant outdoor space and versatility for various uses.
ADU & Development Potential: The large lot provides clear potential for Accessory Dwelling Unit (ADU) additions, expansion, or future development, adding significant value.
Ample Parking & RV Access: Features a 2-car garage, additional driveway and street parking, plus dedicated space with convenient rear access for RVs, trailers, or multiple vehicles.
Convenient Location: Strategically located minutes from schools, shopping centers, and freeway access, enhancing daily convenience for residents.
Year-Round Comfort & Views: Equipped with a central A/C and furnace system for optimal comfort, complemented by pleasant mountain and neighborhood views.
Cons
Age of Property: Built in 1947, the home is older, which may suggest a need for updates to plumbing, electrical, or other core systems not explicitly mentioned as renovated.
Modest Home Size: At 1,224 sqft, the living space is relatively modest, especially when compared to the nearly one-acre lot, potentially limiting appeal for buyers desiring a larger primary residence.
ADU Verification Required: While offering ADU potential, the 'buyer to verify' clause indicates that the feasibility and associated costs are not confirmed, potentially adding complexity or risk for a buyer.