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402 East Ramsey, Banning, CA 92220

$470K2bd · 2ba · 1,505 sqft
Lot 5,663 sqft•Single Family Residence•
Active
•222d 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 13.2% above the median closed sale of $415,000. Price per sqft ($312) is a 13% discount to closed comps ($360). Closed comps sold at 103% 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 $415K
+$55K (+13.2%)
Active comps
vs active median $460K
+$10K (+2.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $338
−$26 (−7.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
339 WilsonBanning1935321,4459,148$318$459,9001481
906 4thBanning1960321,6207,405$309$500,0004281
910 GeorgeBanning1959229308,276$473$439,90012377
647 RamseyBanning1910421,4406,098$309$445,00011577
70 BarbourBanning1930331,76431,363$283$499,9991676
Total: 5 · Average3.02.21,439.812,458$338.4$468,959.862
Median1,445$459,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
57 3rd StreetBanning196407/27/2026321,0544,792$398,900$400,000$3801.006882
1515 Almond WayBanning195607/01/2026321,40910,019$430,000$430,000$3051.002880
831 GeorgeBanning195110/15/2026219897,841$425,000$415,000$4200.984480
859 AllenBanning196708/14/2026421,2447,841$349,900$410,000$3301.173978
80 TheodoreBanning195604/28/2026321,3608,276$499,000$499,000$3671.0016578
Total: 5 · Average3.01.81,211.27,753.8$430,800$430,800$360.4—68.8
Median1,244$415,000$415,000

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.