655 North Blanchard, Banning, CA 92220
655 North Blanchard, Banning, CA 92220
Property Description
Rare opportunity to own a nearly completed new construction home in the heart of Banning! This spacious single-story residence offers 4 bedrooms, 2 bathrooms, approximately 1,499 sq. ft. of living space, and sits on a 6,098 sq. ft. lot. The home is approximately 80% complete, with the major structural and rough construction already finished, including framing, roof, stucco, rough electrical, rough plumbing, HVAC, and sewer connection. The remaining work allows the new owner to personalize the finishes to their own style. Drywall and insulation materials are currently on-site and available for purchase separately. Active building permits remain valid through December 2026, providing an excellent opportunity to complete the project with confidence. Conveniently located near schools, shopping, dining, parks, and freeway access. Whether you're an investor, contractor, or buyer looking to create your dream home while building equity, this property offers exceptional potential. Sold AS-IS. Buyer to verify all information, permits, and complete any remaining construction to their satisfaction.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Banning · Single Family Residence
Listed 22.5% below the median closed sale of $484,000. Price per sqft ($250) is a 17% discount to closed comps ($302). Closed comps sold at 103% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1496 Pinyon Lane | Banning | 2020 | 3 | 2 | 1,541 | 5,780 | $337 | $519,000 | 26 | 94 |
| 4860 Rolling Hills | Banning | 2002 | 3 | 2 | 1,471 | 4,792 | $245 | $360,000 | 67 | 86 |
| 1423 Hoffer | Banning | 1980 | 4 | 2 | 1,586 | 9,148 | $268 | $424,999 | 10 | 84 |
| 680 Indian Wells Road | Banning | 1987 | 3 | 2 | 1,505 | 4,792 | $249 | $375,000 | 86 | 82 |
| 647 Ramsey | Banning | 1910 | 4 | 2 | 1,440 | 6,098 | $309 | $445,000 | 93 | 82 |
| Total: 5 · Average | 3.4 | 2.0 | 1,508.6 | 6,122 | $281.6 | $424,799.8 | 56.4 | |||
| Median | 1,505 | $424,999 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1540 Pinyon Lane | Banning | 2022 | 10/07/2026 | 3 | 2 | 1,541 | 4,513 | $449,000 | $460,000 | $299 | 1.02 | 39 | 93 |
| 1164 Hermosa Avenue | Banning | 2026 | 09/29/2026 | 3 | 2 | 1,600 | 9,148 | $515,000 | $537,000 | $336 | 1.04 | 132 | 88 |
| 546 Indian School Lane | Banning | 1960 | 09/18/2026 | 4 | 2 | 1,512 | 7,405 | $469,000 | $484,000 | $320 | 1.03 | 80 | 87 |
| 1331 Mahogany Street | Banning | 2026 | 08/24/2026 | 3 | 2 | 1,775 | 5,689 | $467,000 | $468,261 | $264 | 1.00 | 179 | 87 |
| 5205 Tamarack Lane | Banning | 2026 | 08/12/2026 | 3 | 3 | 1,741 | 6,437 | $485,000 | $508,000 | $292 | 1.05 | 146 | 84 |
| Total: 5 · Average | 3.2 | 2.2 | 1,633.8 | 6,638.4 | $491,452.2 | $491,452.2 | $302.2 | — | 115.2 | ||||
| Median | 1,600 | $484,000 | $484,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.