755 N Allen, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
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Banning, California 92220
This Modern Single-Family Residence is a High-Potential Investment Opportunity, listed at $420,000—positioned well below the $436,420 Fair Market Value by 3%. This valuation gap offers $16,420 in Instant Equity for buyers navigating this lender-approved short sale. Built in 2005, the property maintains a Good Condition Rating, featuring a move-in-ready 3-bedroom layout, 2-car garage, and a private patio. Its strategic location near the 10 Freeway and Cabazon Outlets ensures strong commuter access within the Banning Unified district. This is a strategic acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 755 N Allen Subject | $420,000* List Price | 3 | 2 | 1,328 | $317 | - |
A 1294 N Blanchard Sold | $429,900 | 3 | 2 | 1,400 | $307 | 0.4 mi |
B 1282 N Phillips Sold | $369,000 | 3 | 1 | 924 | $399 | 0.3 mi |
C 231 N Allen Sold | $367,000 | 3 | 1 | 1,040 | $353 | 0.3 mi |
D 1276 N Alessandro Sold | $450,000 | 3 | 2 | 1,486 | $303 | 0.8 mi |
E 402 E Ramsey Active | $469,900 List Price | 2 | 2 | 1,505 | $312 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, the property falls within the 10-20 year age range for a 'good' condition rating. The interior appears move-in ready and well-maintained, featuring consistent tile flooring in common areas and clean carpeting in bedrooms. While the kitchen and bathrooms retain their original builder-grade finishes—such as honey-oak cabinetry and white appliances—they are functional and show minimal wear. The exterior and major systems appear to be within their expected lifespan with no obvious signs of deferred maintenance.
Built in 2005, this home offers more contemporary building standards and systems compared to the older housing stock often found in the region.
The property is ideally situated near the 10 Freeway and Cabazon Outlets, providing excellent commuter access and proximity to major shopping and dining hubs.
With a 6,098 sq ft lot and a 2-car garage, the property provides ample outdoor space for family activities and essential storage for vehicles and gear.
As a short sale, the transaction may involve more complex negotiations and potentially longer closing timelines than a traditional equity sale.
At 1,328 square feet for a 3-bedroom home, the living areas may feel somewhat restrictive for larger families or those desiring expansive common spaces.
Short Sale — Lender Approved! Welcome to this charming 3-bedroom, 2-bath home in Banning, CA, built in 2005 and designed with everyday comfort in mind. With 1,328 sq ft of living space, there’s room for the whole family to relax, gather, and make memories. The 6,098 sq ft lot offers space to enjoy the outdoors—perfect for kids, pets, weekend BBQs, or creating your own backyard retreat. Plus, a 2-car garage provides extra storage and convenience. Located near the 10 Freeway for an easy commute and just minutes from the Cabazon Outlets for shopping and dining, this home combines a family-friendly feel with great accessibility. Schedule your showing today! Back to the market!!! Pending cancellation of escrow. Buyer could not perform!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,328 | 1,683 | 25% |
| Lot Size | 6,098 | 6,233.5 | 49% |
| Price | $420.0K | $442.7K | 44% |
| Price per sq ft | $316 | $263 | 82% |
| Built year | 2005 | 1995 | 71% |
| HOA | $0 | $202 | 33% |
| Days on market | 61 | 197 | 5% |
Feb 20, 2026
$420,000
Initial Listing
Apr 21, 2023
$405,000
Public Record
Jun 22, 2018
$240,000
Public Record
Jan 12, 2009
$99,000
Public Record
Jun 17, 2005
$255,000
Public Record
Oct 17, 2003
$13,000
Public Record
Apr 18, 2003
$77,000
Public Record