979 W Nicolet, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This Updated Mid-Century Residence is a High-Potential Investment Opportunity, listed at $339,900—positioned well below the $383,217 Fair Market Value by 11%. This valuation gap provides $43,317 in Instant Equity. The home features a Move-in Ready Condition Rating with new paint, carpet, and dual-pane windows, complemented by Mountain Views and an expansive Corner Lot. While the 1946 infrastructure is well-maintained, the vintage kitchen offers significant room for forced appreciation. It is perfectly suited for First-Time Buyers or Owner-Occupants seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 979 W Nicolet Subject | $339,900* List Price | 2 | 1 | 1,232 | $300 | - |
A 34 W Gilman Sold | $375,000 | 2 | 1 | 1,344 | $279 | 0.8 mi |
B 1065 N San Gorgonio Sold | $399,900 | 4 | 4 | 1,697 | $236 | 0.7 mi |
C 339 W Wilson Pending | $344,990 List Price | 2 | 2 | 1,445 | $239 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is move-in ready and benefits from recent cosmetic improvements including new interior paint, new carpeting, and updated dual-pane windows. However, the 1946 structure retains an outdated kitchen with older wood cabinetry and white appliances, along with a single bathroom featuring vintage tiling and fixtures. While well-maintained for its age, the home lacks a comprehensive modern renovation of its primary systems and 'wet' rooms.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1232.
The home features fresh paint, new carpeting, and energy-efficient dual-pane windows, offering a move-in-ready experience for first-time buyers.
Situated on a large, fully fenced corner lot, the property provides enhanced privacy and significant outdoor space for recreation or potential expansion.
The property features only one bathroom, which may be a constraint for families or guests given the overall square footage and bonus room.
Originally constructed in 1946, the home may require future investments in aging structural or mechanical systems that are common in properties of this era.
Great home for the 1st time buyer. Located in West Banning. 1,232 living sq sf. Large living room. Bonus room. New paint and carpet. Dual pane windows. Large corner lot. Yard is fully fenced. Corner lot. Central to schools, parks and shopping. Cummuter friendly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,232 | 1,683 | 16% |
| Lot Size | 8,712 | 6,286 | 76% |
| Price | $339.9K | $442.7K | 11% |
| Price per sq ft | $276 | $263 | 62% |
| Built year | 1946 | 1995 | 6% |
| HOA | $0 | $202 | 33% |
| Days on market | 44 | 197 | 1% |
Mar 9, 2026
$339,900
Initial Listing