ActiveResidential · sale

1469 Adam

Banning, CA 92220

$699,000

  • 4 beds
  • 3 baths
  • 2,804 sq ft
  • 0.45 acres
  • Built 2004

Listed by COLDWELL BANKER KIVETT-TEETERS · MLS #IG26155733

1469 Adam, Banning, CA 92220 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2004.

Garage parking

3 garage spaces listed.

Property size

0.45 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Fair Oaks Ranch horse property with stunning mountain views RV amenities and the freedom of no HOA a rare combination in Banning CA Situated on an expansive 19602 sq ft lot this singlestory 4bedroom 3bathroom home offers 2804 sq ft of living space with the space flexibility and lifestyle opportunities that are increasingly hard to findLocated in the desirable Fair Oaks Ranch community this property offers horsefriendly zoning a peaceful setting and room to enjoy the best of countrystyle living while still being close to local amenities and commuter routes The oversized lot provides exceptional versatility with plenty of space for horses RVs trailers boats recreational vehicles gardening and creating your own private outdoor retreat The property is truly an RV enthusiasts dream featuring two RV hookups and dump stations making it ready for extended stays or recreational useInside the spacious singlestory floor plan offers comfortable living with a formal living and dining area an open kitchen and family room and a welcoming layout designed for everyday living and entertaining The remodeled kitchen features granite countertops ample cabinetry and generous workspace A beautiful doublesided fireplace adds warmth and character while connecting the main living areas The remodeled primary bathroom offers a refreshed private retreatAdditional highlights include an oversized approximately 934 sq ft tandem garage with room for vehicles storage hobbies or a workshop The large covered patio is built for durability attached directly to the roof structure rather than the fascia boards creating an ideal outdoor living space to enjoy the mountain views and expansive backyardWith lower special assessments no HOA horse property zoning RVready features mountain views and the soughtafter Fair Oaks Ranch lifestyle this unique Banning home offers the freedom space and flexibility buyers are looking for Properties with this combination of features are a rare find
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THE NEIGHBORHOOD

Explore the location.

1469 Adam, Banning, CA 92220

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2004
Full baths
3
Garage spaces
3
Cooling
CentralAir
Heating
Central
Appliances
GasOven,GasRange,Microwave
Flooring
Carpet,Tile
Utilities
ElectricityConnected,NaturalGasConnected,SewerConnected
Fencing
WroughtIron
Pool
No
Pool features
None
Subdivision
Fair Oaks Ranch
Parcel
543221015
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$2,912.50
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1469 Adam, Banning, CA 92220 · MLS #IG26155733

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Listing information

MLS #IG26155733 · California Regional MLS

Listing brokerage: COLDWELL BANKER KIVETT-TEETERS
Listing agent: Linda Piechna

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.