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402 East Ramsey, Banning, CA 92220

$470K2bd · 2ba · 1,505 sqft
Lot 5,663 sqft•Single Family Residence•
Active
•200d on market•MLS# IG-26065015

Property Description

Nice, upgraded home located in Banning Downtown close to the Court House. This home has 2 bedrooms. 1.5 bathrooms .1505 Sq. Ft. newer carpet, ceramic tile and Laminated flooring, lights, roof, plumbing, fence, concrete driveway, enclosed bris way, small kitchen with granite countertop, back yard with Storage shed 8 X 12, This property can convert to Commercial, buyer to verify with the City of Banning.

Features & Amenities

FeeBuilt 1954

Property Details

Land Type
Fee
Year Built
1954
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
Mountain(s)
Flooring
Carpet, Laminate
Roof
Shingle, Composition
City
Banning
Zip Code
92220
County
Riverside
Listed bySUNSET HOMES REALTY, Jose Martinez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,376.07
Principal & Interest
Loan Amount
$375,920
Total Interest
$479,465
Total Payment Over 30 Years
$855,385
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

Affordable Tier · 5 active · 5 closed

402 East Ramsey, Banning, CA 92220

Banning · Single Family Residence

$470K
Affordable Tier
Beds
2
Baths
2
Sqft
1,505
Lot
5,663 sqft
Year
1954
$/Sqft
$312
Pool: No✓
View: mountain✓

Listed 20.5% above the median closed sale of $390,000. Price per sqft ($312) is a 17% premium to closed comps ($266). Closed comps sold at 100% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $470K· $312/sqft
Total list price
Closed comps
vs closed median $390K
+$80K (+20.5%)
Active comps
vs active median $359K
+$111K (+30.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $274
+$38 (+14.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1035 Hoffer StreetBanning1963321,4056,970$349$490,00017383
607 Indian Wells RoadBanning1989221,4525,663$231$335,0001681
2174 LincolnBanning1961321,3456,970$316$425,0008480
399 Northwood AveBanning2003221,4714,356$228$335,0002380
507 BrooklawnBanning2002221,4714,356$244$359,0001180
Total: 5 · Average2.42.01,428.85,663$273.6$388,80061.4
Median1,452$359,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1455 Las ColinasBanning199310/08/2026221,5614,792$389,000$390,000$2501.008483
4965 Rio BravoBanning200108/31/2026221,5424,792$349,912$324,900$2110.935583
5322 Trailmark CourtBanning202609/21/2026221,5305,155$437,000$478,852$3131.1016781
18839 Deer TrailBanning194810/05/2026321,39217,424$424,800$425,000$3051.0016681
1154 Fairway OaksBanning199009/15/2026221,5054,792$379,900$375,000$2490.994081
Total: 5 · Average2.22.01,5067,391$398,750.4$398,750.4$265.6—102.4
Median1,530$390,000$390,000

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.