$419,000
●
House -
Off Market
2028 Melbourne Circle
Banning, CA 92220
2 Beds
2 Baths,
1
Half Bath
2,219 Ft²
$573,920
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Beautifully Upgraded Wisteria with Lots of Curb Appeal situated in
a Cul-de-sac in Highly Acclaimed Sun Lakes Country Club, a 24-hr
Guard Gated, Active 55 Plus Community. This model is the Largest
Single Story with a Full 3-Car Garage. This home Features Coffered
Ceilings, Recessed Lighting and Pull-Out Drawers in Kitchen.
Separate Living and Family Rooms Plus Formal Dining Room and
Den/Office. Upgrades include Leaded Glass Front Door and Side
Panel, Gorgeous Engineered Cherry Wood Floors in Bedrooms, Living
and Dining Rooms. Upgraded Tiled Floors with Added Slip Sheet in
Entry, Family Rm, Kitchen, Den and Bathrooms. Crown Moulding
Thru-out, Custom Interior Paint, Granite Kitchen Countertops,
Upgraded Light Wood Kitchen Cabinets, Upgraded Light Fixtures and
Ceiling Fans Thru-out, Mirrored Wardrobe Doors, Added Pocket Door
in Master Bath, Phantom Front Door Screen, Flagstone Accented Front
Walkway, Epoxy Floor and Added Overhead Storage in Garage. For Pet
owners, there is a Screened Dog House connected to Doggie Door in
Back Yard and a Gated Dog Run with Motion Light in Side Yard. Back
Yard also features a Patio Cover and Added Vinyl Fencing for
Additional Privacy. Sun Lakes HOA has 2 Golf Courses, 3 Club
Houses, 3 Pools/Spas (with one indoors), 3 Gyms, Tennis Courts,
Pickle Ball Courts, Billiard Room, Bocce Courts, 2 Restaurants,
Driving Range, Putting Greens and over 80 Clubs to join. Cable TV
is also included in HOA Dues. Living Here is Truly like Living in a
Resort!!!
Unit Size
2,219 Ft²
Days on Market
67 days
Land Size
0.20 acres
Price per sqft
$189
Property Type
House
Property Taxes
-
HOA Dues
$282
Year Built
2001
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #EV20118761)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Jun 2, 2025 | Price Decreased |
$554,900
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$569,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Dec 10, 2024 | Listed by Berkshire Hathaway Homeservices California Realty | $575,000 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
| | |||
|
Beautifully Upgraded "Wisteria" on Cul-de-sac (largest single-story model in Sun Lakes Country Club). Over $150k in recent upgrades include: Freshly Painted Exterior 10/24, Brand New A/C and Heater, New Dual-Pane Vinyl Windows thru-out, Replumbed Entire House with PEX and installed in the attic, Granite Kitchen Countertops, Stainless Steel Kitchen Appliances (Refrigerator, Double-Oven, D/W, and Built-in Microwave), Plantation Shutters thru-out, Luxury Wide Plank Waterproof Vinyl Floors, Aluminum Patio Cover, Interior Paint, Leaded/Glass Front Door and Side Panel, Epoxy Garage Floors, Built-in Garage Cabinets and Reroof of back half of roof. New Faux Grass and Drought Friendly Landscape in Front and Back Yards. Remodeled Primary Bathroom with New Vanity w/ Self-Closing Drawers & Cabinets, Quartz Countertops w/ Double Sinks, Jetted Bathtub, Tiled Walk-in Shower with Glass Enclosure, Tiled Floors, Light Fixtures, Commode and Faucets. Two sets of Concrete Steps leading to a Tiered Viewing Deck with Amazing Panoramic Views of San Gorgonio and San Jacinto Mountains and the City Lights. This home features a full 3-Car Garage, Separate Family and Living Rooms, 10' Coffered Ceilings, Huge Island Kitchen with Cabinets Galore & Pull-out Drawers in lower Cabinets, Interior Laundry Room with Stainless Steel Sink (High-End Washer & Dryer Included), Formal Dining Room, Courtyard Front Entrance, Gas Fireplace with Electric Starter in Family Room, Slider in Primary Bedroom leading to Back Yard and Much, Much More!! Sun Lakes Country Club is a 24-Hour Guard-Gated 55+ Community with 2 Private 18-Hole Golf Courses, 3 Club Houses (each with Pool/Spa with one indoors), 3 Gyms, Pickle Ball Courts, Tennis Courts, Bocce Courts, Driving Range, Putting Greens, Billiard Room, 2 Restaurants, Full Bar, Craft Room and over 70 Clubs to join for those interested. HOA Dues include Cable TV and Internet. Close to Shopping, Hospitals and Doctors, Movie Theater, Restaurants, Casinos, Freeway and only 40 minutes to Palm Springs. Living in Sun Lakes is truly like living in a Resort!
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Banning
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Listed by: ANNA SELVAGGI, BHHS PERRIE MUNDY REALTY GROUP
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV20118761
Last Updated: 4 months ago
Data Source: CRMLS, MLS# EV20118761
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