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488 East Victory Avenue, Banning, CA 92220

$585K3bd · 2ba · 1,610 sqft
Lot 30,056 sqft•Single Family Residence•
Active
•56d on market•MLS# IV-26196286

Property Description

FHA and VA offers are OK. Do not miss out on this great opportunity to purchase 2 units on horse property!! Septic has been certified!! Discover the possibilities at this unique Horse Property! This Banning property offers space, flexibility, and incredible potential on approximately 0.69 acres of flat, usable land. This 3-bedroom, 2-bathroom home features approximately 1,610 square feet of living space, an open and functional layout, central heating and air conditioning, a living room fireplace, and beautiful mountain views in both directions. Recent improvements include a newer roof to the main house and new roof on garage, while the home's electrical, plumbing, HVAC, and have been updated or refreshed and in working order.  A major highlight is the separate ADU/converted garage studio, complete with its own bathroom and shower, plus a NEW kitchen and NEW bathroom, creating an excellent opportunity for extended family, guests, a private workspace, or potential rental income. The expansive lot provides plenty of room for outdoor enjoyment, parking, storage, animals, future improvements, or additional customization. Located conveniently near shopping, dining, schools, and entertainment, with easy access to Palm Springs and surrounding communities. Whether you're looking for a property with room to grow, a flexible living arrangement, or an opportunity to add value, this property offers a rare combination of usable land, mountain views, and versatile living space. Buyer to verify all square footage, permitted uses, ADU status, zoning, and potential for future improvements. Property is offered as-is. Buyer and Buyer's Agent to independently verify all information, including but not limited to square footage, lot size, zoning, permitted uses, property boundaries, schools, utilities, permits, ADU status, additions/improvements, equestrian/animal use, setbacks, and development potential. Information deemed reliable but not guaranteed. Buyer and Buyer's Agent to conduct their own inspections, investigations, and due diligence with appropriate governmental agencies and qualified professionals. Buyer incentives are available, including assistance with closing costs and interest-rate buy down credit for qualified buyers.

Features & Amenities

FeeBuilt 1966

Property Details

Land Type
Fee
Year Built
1966
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Banning
Zip Code
92220
County
Riverside
Listed byBLUE SKY REAL ESTATE CENTER, ISRAEL MEZA

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,958.07
Principal & Interest
Loan Amount
$467,999
Total Interest
$596,907
Total Payment Over 30 Years
$1,064,906
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

488 East Victory Avenue, Banning, CA 92220

Banning · Single Family Residence

$585K
Residential Tier
Beds
3
Baths
2
Sqft
1,610
Lot
30,056 sqft
Year
1966
$/Sqft
$363
Pool: No✓
View: mountain✓

Listed in line with the median closed sale of $600,000. Price per sqft ($363) is a 53% premium to closed comps ($238).

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $585K· $363/sqft
Total list price
Closed comps
vs closed median $600K
−$15K (−2.5%)
Active comps
vs active median $500K
+$85K (+17.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $307
+$56 (+18.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
70 BarbourBanning1930331,76431,363$283$499,9991687
1410 CharlesBanning2004422,27522,216$279$634,0002977
1424 Wyte WayBanning1980321,21619,602$426$518,0001673
906 4thBanning1960321,6207,405$309$500,0004272
96 Repplier RoadBanning1966322,11915,246$236$500,00014071
Total: 5 · Average3.22.21,798.819,166.4$306.6$530,399.848.6
Median1,764$500,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
770 WesleyBanning195810/27/2026322,39431,799$565,999$566,000$2361.0019386
933 DriftwoodBanning200510/15/2026422,37817,860$619,000$609,000$2560.9810575
1410 Charles StreetBanning200404/24/2026422,27522,216$639,900$630,000$2770.987475
1079 Lyons CourtBanning200505/13/2026432,80421,344$574,000$574,000$2051.008169
989 Driftwood CircleBanning200504/07/2026432,80418,731$599,999$600,000$2141.009559
Total: 5 · Average3.82.42,53122,390$595,800$595,800$237.6—109.6
Median2,394$600,000$600,000

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.