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514 East Victory Avenue, Banning, CA 92220

$675K3bd · 2ba · 1,512 sqft
Lot 95,832 sqft•Single Family Residence•
Active
•121d on market•MLS# SW-26077921

Property Description

Rare 2.2-Acre VLDR Horse Property with Exceptional Flexibility and Future Potential! Major due diligence items have already been completed, including septic certification, termite clearance, and appraisal. This unique 3-bedroom, 2-bath home offers approximately 1,510 sq. ft. of living space and features remodeled bathrooms, a cozy wood-burning fireplace, and beautifully maintained original hardwood flooring—a rare feature in today's market. The water heater was replaced approximately six months ago, and the home is cooled by an evaporative cooling system. Situated on approximately 2.2 acres of predominantly flat, fully usable land, the property includes a long private driveway, detached two-car garage, retractable driveway gate, retaining walls, and perimeter fencing, providing privacy, security, and functionality. According to the City of Banning, the property is located within the Very Low Density Residential (VLDR) zoning district. The City has confirmed the parcel may have the potential to accommodate up to four residential units, subject to development standards, subdivision requirements, and governmental approvals. Buyer to verify all future development possibilities. The VLDR zoning designation allows for a variety of rural-residential uses, making this property ideal for horse owners, animal enthusiasts, contractors, RV owners, equipment storage, recreational use, and buyers seeking additional space and flexibility. Potential permitted uses within the zoning district may include private stables, grazing, animal keeping, and commercial cargo/storage containers, subject to applicable approvals. With approximately 95,832 square feet of usable land, the possibilities are endless—whether you're looking for a horse property, multi-generational living opportunity, future development potential, agricultural use, or simply room to spread out and enjoy. Conveniently located near the I-10 freeway, shopping, dining, schools, and local amenities, this property offers the perfect blend of rural living, utility, and long-term opportunity.

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
Hills, Mountain(s), Panoramic, Valley, See Remarks
Flooring
Wood
Roof
Shingle, Asphalt
City
Banning
Zip Code
92220
County
Riverside
Listed byImpact 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 Avenue, 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: city✓
Garage: 2-car✓

Listed 58.8% above the median closed sale of $425,000. Price per sqft ($446) is a 56% premium to closed comps ($285). Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $675K· $446/sqft
Total list price
Closed comps
vs closed median $425K
+$250K (+58.8%)
Active comps
vs active median $425K
+$250K (+58.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $324
+$122 (+37.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2174 LincolnBanning1961321,3456,970$316$425,0008469
1035 Hoffer StreetBanning1963321,4056,970$349$490,00017369
1425 HaysBanning1953321,20411,761$399$480,0004765
5190 Long Cove RoadBanning1989321,3274,356$248$329,0002264
45785 CoyoteBanning1981321,2399,583$307$380,0005164
Total: 5 · Average3.02.01,3047,928$323.8$420,80075.4
Median1,327$425,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
546 Indian School LaneBanning196009/18/2026421,5127,405$469,000$484,000$3201.038069
18839 Deer TrailBanning194810/05/2026321,39217,424$424,800$425,000$3051.0016668
4841 Bermuda DunesBanning198909/10/2026321,5054,792$369,900$375,000$2491.015467
5633 RivieraBanning198810/09/2026321,5057,841$385,000$379,009$2520.987967
1540 Pinyon LaneBanning202210/07/2026321,5414,513$449,000$460,000$2991.023966
Total: 5 · Average3.22.01,4918,395$424,601.8$424,601.8$285—83.6
Median1,505$425,000$425,000

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.