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514 East Victory, Banning, CA 92220

$675K3bd · 2ba · 1,512 sqft
Lot 95,832 sqft•Single Family Residence•
Active
•9d on market•MLS# SW-26227746

Property Description

**Room to live, work, keep animals, store equipment, and plan for what comes next—514 E. Victory Avenue offers a kind of freedom that is becoming increasingly difficult to find.** Set on 2.2 acres of predominantly flat, usable land, this distinctive Banning property combines the character of an established home with the flexibility of a rural-residential setting. The 3-bedroom, 2-bath residence offers approximately 1,510 square feet of living space, remodeled bathrooms, beautifully maintained original hardwood flooring, and a wood-burning fireplace that gives the home an inviting sense of warmth. The water heater was recently replaced. Several important due-diligence items have already been addressed, including septic certification, termite clearance, and an appraisal—helping provide valuable information to the next owner. Outside, the property opens up in a way very few residential parcels can. A long private driveway leads past a retractable gate to a detached two-car garage, while perimeter fencing and retaining walls add privacy, security, and practical function. With approximately 95,832 square feet of land, there is ample room for horses and other animals, RVs, recreational vehicles, equipment, storage, gardening, or simply enjoying the breathing room that acreage provides. According to information previously provided by the City of Banning, the property is located within the Very Low Density Residential (VLDR) zoning district and may have the potential to accommodate up to four residential units. Any subdivision, additional units, animal keeping, private stables, grazing, storage containers, or other proposed uses remain subject to applicable development standards, permits, governmental approvals, and independent buyer verification. Whether your vision includes an equestrian property, additional living spaces, a private workshop, future development, or a home with land that can adapt as your needs change, 514 E. Victory Avenue offers a rare foundation for it. Convenient access to the I-10 freeway, shopping, dining, schools, and everyday services keeps the property connected—while its acreage, privacy, and versatility make it feel worlds away from an ordinary residential lot.

Features & Amenities

FeeBuilt 1964

Property Details

Land Type
Fee
Year Built
1964
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Wall Furnace, Fireplace(s)
Cooling
Evaporative Cooling
View
Mountain(s), Valley
Flooring
Wood
Roof
Shingle, Wood, See Remarks, Asphalt
City
Banning
Zip Code
92220
County
Riverside
Listed byComplete Real Estate, Damian Gerry

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,413.16
Principal & Interest
Loan Amount
$539,999
Total Interest
$688,739
Total Payment Over 30 Years
$1,228,738
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

514 East Victory, Banning, CA 92220

Banning · Single Family Residence

$675K
Residential Tier
Beds
3
Baths
2
Sqft
1,512
Lot
2.20 ac
Year
1964
$/Sqft
$446
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 8.9% above the median closed sale of $620,000. Price per sqft ($446) is a 75% premium to closed comps ($255).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $675K· $446/sqft
Total list price
Closed comps
vs closed median $620K
+$55K (+8.9%)
Active comps
vs active median $668K
+$7K (+1.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $281
+$165 (+58.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
488 Victory AvenueBanning1966321,61030,056$363$584,9995084
1410 CharlesBanning2004422,27522,216$279$634,0002569
1424 Charles StBanning2005422,37820,909$281$668,000162
1469 AdamBanning2004432,80419,602$239$669,00010358
1075 Charles StreetBanning2005532,86320,038$244$699,00031455
Total: 5 · Average4.02.42,38622,564.2$281.2$650,999.898.6
Median2,378$668,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
933 DriftwoodBanning200510/15/2026422,37817,860$619,000$609,000$2560.9810569
1410 Charles StreetBanning200404/24/2026422,27522,216$639,900$630,000$2770.987465
1079 Lyons CourtBanning200505/13/2026432,80421,344$574,000$574,000$2051.008161
1454 Bryan StreetBanning200412/18/2025422,37820,473$630,000$620,000$2610.987460
1484 Adam StBanning200410/08/2026332,24520,038$620,000$620,000$2761.008559
Total: 5 · Average3.82.42,41620,386.2$610,600$610,600$255—83.8
Median2,378$620,000$620,000

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.