$295,000
●
House -
Off Market
4897 Meadow Way
Banning, CA 92220
3 Beds
2 Baths
1,485 Ft²
$455,255
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
This beautiful single story home has been recently remodeled with a
very nice kitchen and bathrooms featuring Quartz counters
throughout. Many thousands were spent on them! There is
vaulted ceilings in the living room and master bedroom. The kitchen
has a large opening to dining room and then living room.
There is a spacious 3-car garage for projects or storage,
maybe even a vehicle!!! Come see this wonderful home in a
quiet neighborhood before it's gone!!
Unit Size
1,485 Ft²
Days on Market
69 days
Land Size
0.19 acres
Price per sqft
$201
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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: 5 months ago (CRMLS #EV18034091)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2025 | Listed | $520,000 | |
| Listed | |||
| | |||
|
Great affordable home in the city of Banning! Featuring 3 bedrooms, 2 baths and move in ready. The inside is the perfect set up, there is a large family room with a fireplace. Vaulted ceilings and upgraded flooring greet your guests as they come in. There is a formal dining room to host your favorite gatherings. The kitchen has upgraded countertops, recessed lighting and plenty of cabinet space for storage. Plantation shutters add an extra touch to the interior and exterior of the house. All bedrooms are very comfortable in size. The backyard is the perfect place to allow your kids to play or simply a gathering with a nice combination of grass and cement. There is RV parking on the side of the house, aside the 3 car garage. No HOA, and low tax rate! Come by and take a look.
| |||
| May 8, 2018 | Sold | ||
| Sold | |||
| Feb 28, 2018 | Listed by UNIVERSITY REALTY INC. | $299,000 | |
| Listed by UNIVERSITY REALTY INC. | |||
| Aug 31, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $279,000 | |
| Listed | |||
| | |||
|
Great opportunity on a single story home in Banning. You won't find another single story home with a 3 car garage anywhere at this price... very affordable. NO HOA, Low taxes... Home has been renovated and is in move in condition. Over $50,000 in upgrades! The Kitchen has upgraded counters and custom made self closing cabinets. The Master Bathroom has been renovated as well, ceiling fans and plantation shutters throughout the home. Great open floor plan with a large family room and separate dining room. Nice sized master bedroom with roomy secondary rooms. Newer exterior lighting system. Fully landscaped with automated sprinkler timers. You don't want to miss out on this one. Nothing else like it in Banning. Come see for yourself before it's too late this one will go fast...The manager has listed the unit size as 1485 square feet.
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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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About Banning
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Listed by: MARK CLEVELAND, UNIVERSITY REALTY INC.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18034091
Last Updated: 5 months ago
Data Source: CRMLS, MLS# EV18034091
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