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1702 Magnolia Place, Banning, CA 92220

$550K4bd · 4ba · 2,180 sqft
Lot 6,098 sqft•HOA $224/mo•Single Family Residence•
Active
•46d on market•MLS# CV-26201294

Property Description

Not every home gives you a second suite. This one does, and it comes already upgraded, with better flooring, a better slider, and a backyard finished and ready to use. Start with the junior suite. It is a private bedroom with its own upgraded bathroom inside the room, which gives you a real second suite instead of just an extra bedroom. Put a parent, an adult child, a long term guest, or a roommate there and everyone keeps their own space. With 4 bedrooms and 3.5 bathrooms in total, there is room for the whole household to spread out. The rest of the home follows through. Upgraded flooring runs throughout, and an upgraded sliding door connects the living space to the backyard. The kitchen is open to the main living area, so whoever is cooking stays part of the conversation. Windows bring in natural light all day, and the mountain views out back are the kind you do not get tired of. Step outside and the yard is ready right now. A quality Alumawood patio cover gives you shade for morning coffee or an evening barbecue, and the concrete underneath means less upkeep and more time actually enjoying it. Atwell gives you more than a street to live on. The community offers swimming pools, pickleball courts, playgrounds, separate dog parks for big and small dogs, water features, and walking trails that wind along Smith Creek through the native landscape. The location works for real life. This single story home sits in Banning but is served by the Beaumont Unified School District, and Highland Springs Avenue puts you on the 10 freeway in minutes. Beaumont shopping is right there, and Cabazon outlets, Morongo, and Palm Springs are all an easy drive. Assigned schools are Sundance Elementary, San Gorgonio Middle, and Beaumont Senior High.

Features & Amenities

FeeBuilt 2024

Property Details

Land Type
Fee
Year Built
2024
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Banning
Zip Code
92220
County
Riverside
Listed byREDFIN CORPORATION, Christopher Jackson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,781.10
Principal & Interest
Loan Amount
$440,000
Total Interest
$561,196
Total Payment Over 30 Years
$1,001,196
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

1702 Magnolia Place, Banning, CA 92220

Banning · Single Family Residence

$550K
Residential Tier
Beds
4
Baths
4
Sqft
2,180
Lot
6,098 sqft
Year
2024
$/Sqft
$252
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 6.0% above the median closed sale of $519,000. Closed comps sold at 103% of list — strong seller's market. Expect a longer timeline — comps averaged 120 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $550K· $252/sqft
Total list price
Closed comps
vs closed median $519K
+$31K (+6.0%)
Active comps
vs active median $506K
+$44K (+8.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $230
+$22 (+9.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5123 Eureka AvenueBanning2025331,9584,792$267$523,0001888
1173 RockcressBanning2023432,2823,920$223$509,2006688
5538 Kiwi CourtBanning2027432,1955,496$231$506,0001586
1131 RockcressBanning2023432,2825,227$219$499,0004786
5405 Eureka AvenueBanning2027432,2824,688$212$484,0002285
Total: 5 · Average3.83.02,199.84,824.6$230.4$504,24033.6
Median2,282$506,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5183 Beech LaneBanning202405/08/2026331,9798,276$519,000$519,000$2621.0010485
5167 Douglas AvenueBanning202605/29/2026432,1954,985$510,000$533,129$2431.0413385
5202 Tamarack LaneBanning202608/11/2026441,9573,859$480,153$526,744$2691.1016485
5245 Douglas AvenueBanning202605/29/2026431,9576,241$495,121$495,121$2531.007285
5226 Tamarack LaneBanning202607/24/2026432,1953,828$490,000$502,737$2291.0312884
Total: 5 · Average3.83.22,056.65,437.8$515,346.2$515,346.2$251.2—120.2
Median1,979$519,000$519,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.