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1193 West King, Banning, CA 92220

$500K5bd · 3ba · 3,167 sqft
Lot 7,405 sqft•Single Family Residence•
Active
•263d on market•MLS# IG-26015654

Property Description

The wait is over! If you’ve been searching for a spacious 5-bedroom, 3-bath home at an affordable price, look no further. This lovely two-story residence offers over 3,100 square feet of living space with a highly desirable and versatile floor plan. Featuring two primary bedrooms, this home is ideal for extended or multi-generational living. Additional highlights include a huge family room, a separate laundry room, and two bathrooms conveniently located on the main floor, with an additional bathroom upstairs. For added functionality, the home offers two staircases leading to the upper level. Enjoy the freedom of NO HOA and NO Mello-Roos taxes. Conveniently located near Interstate 10, this property provides easy access to schools, shopping, and restaurants, while also being nestled near the scenic foothills of the San Bernardino Mountains. A short drive east on I-10 brings you to the world-class shopping at the Desert Hills Premium Outlets and, just beyond, the resort destinations of the Coachella Valley. An amazing home, in an excellent location, at an exceptional value—this is one you don’t want to miss!

Features & Amenities

FeeBuilt 1965

Property Details

Land Type
Fee
Year Built
1965
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
0
Heating
Central
Cooling
Central Air
Flooring
Vinyl, Carpet
Roof
Composition
City
Banning
Zip Code
92220
County
Riverside
Listed byCOLDWELL BANKER KIVETT-TEETERS, Linda Pippenger

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,527.77
Principal & Interest
Loan Amount
$399,920
Total Interest
$510,076
Total Payment Over 30 Years
$909,996
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

Luxury Tier · 5 active · 5 closed

1193 West King, Banning, CA 92220

Banning · Single Family Residence

$500K
Luxury Tier
Beds
5
Baths
3
Sqft
3,167
Lot
7,405 sqft
Year
1965
$/Sqft
$158
Pool: No✓
Spa: No✓

Listed 18.0% below the median closed sale of $610,000. Price per sqft ($158) is a 25% discount to closed comps ($211). Closed comps sold at 102% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $500K· $158/sqft
Total list price
Closed comps
vs closed median $610K
−$110K (−18.0%)
Active comps
vs active median $699K
−$199K (−28.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $355
−$197 (−55.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5762 Verde WayBanning2020533,2936,364$203$670,0005979
1047 Plumwood LaneBanning2026432,6255,555$217$569,0009269
43091 Bob Cat RoadBanning1980432,900444,312$690$2.00M5553
1075 Charles StreetBanning2005532,86320,038$244$699,00029652
47043 Twin Pines RoadBanning2017432,858133,729$420$1.20M3151
Total: 5 · Average4.43.02,907.8121,999.6$354.8$1.03M106.6
Median2,863$699,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2060 Horizon AvenueBanning202206/04/2026543,2937,392$689,000$677,000$2060.989591
1057 AlessandroBanning196406/08/2026633,0008,712$475,000$525,000$1751.103679
5917 Verde WayBanning202105/08/2026432,8447,039$590,000$610,000$2141.035276
5367 Hoffer StreetBanning202608/14/2026432,6256,445$579,000$585,706$2231.0116672
435 Indian SchoolBanning198108/20/2026432,97354,014$715,000$710,000$2390.9913954
Total: 5 · Average4.63.22,94716,720.4$621,541.2$621,541.2$211.4—97.6
Median2,973$610,000$610,000

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.