NOT LISTED FOR SALE

5481 W Palmer Dr Banning, CA 92220

Estimated Value: $277,000 - $321,000

2 Beds
2 Baths
1,356 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: February 11, 2025

Last sale price $255,000 $188 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,328 / mo

26 Days on Market

Highlights

  • Golf Course Community
  • Active Adult
  • Wood Flooring
  • 24-Hour Security
  • Lake View
  • Loft

About This Home

As of February 2025

If you have been looking for the perfect 55+ community to fit your needs, your search ends here. Located in the illustrious Sun Lakes community, this 2 bed, 2 bath home offers everything you’ve been looking for. The main floor features a living room with a fireplace, soaring ceilings, and plenty of natural light for cozy Sunday mornings. After dinner, step outside to your covered backyard, which enjoys views of the lake. This peaceful outdoor space is just waiting to be transformed into your personal retreat. Both bedrooms are generously sized and feature built-in closets, offering ample storage and comfort. Upstairs, the open loft with vaulted ceilings provides a versatile space for entertaining, hobbies, or relaxing. This home is a true blank canvas ready for your personal touch. Every day feels like a vacation at Sun Lakes, with a golf course, top-notch amenities, gorgeous grounds, and plenty of shared spaces to enjoy with friends. Plus, with easy access to the nearby shopping center, grocery runs are a breeze. Make this your next home and experience the lifestyle you have been waiting for!

Last Agent to Sell the Property

Marcos Vargas

Seven Gables Real Estate Brokerage Phone: 714-604-5670 License #01501377 Listed on: 12/30/2024

Seven Gables Real Estate

Co-Listed By

Eduardo Vargas

Seven Gables Real Estate Brokerage Phone: 714-604-5670 License #01219811

Last Buyer's Agent

Robert Vedaa

FM Flex Consultants, Inc License #01246730

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1990

Lot Details

  • 2,178

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Lake
  • Golf Course

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Planned Development

Interior Spaces

  • 1,356 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Loft
  • Laundry in Garage

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • No Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 22173
  • Assessor Parcel Number 440142005
  • $61 per year additional tax assessments

Community Details

Overview

  • Active Adult
  • 3,327 Units
  • First Service Association, Phone Number (951) 845-2191
  • Lakeside II Association

Recreation

  • Golf Course Community
  • Community Pool

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Year Built

Built in 1990

Lot Details

2,178 Sq Ft Lot

HOA Fees

$580 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security
  • Subdivision Name Other: Sun Lakes Country Club
  • View: Yes
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 440142005
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1356.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 188.05
  • Room Type: Loft, Walk-In Closet

Exterior Features

  • View: Golf Course, Lake
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Lakeside II
  • Amenities: Golf Course
  • Association Fee: 385.00
  • Association #2 Fee: 195.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: First Service
  • Phone: 951-845-2191
  • Senior Community: Yes
  • Common Interest: Planned Development
  • Community Features: Golf
  • Association Management: First Service

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 3327
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 438.12
  • Tax Lot: 5
  • Tax Tract Number: 22173
  • TaxOtherAnnualAssessmentAmount: 61.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Jan 29, 2025
Sold by
Bought by
Seller's Agent
Marcos Vargas
Seven Gables Real Estate
Buyer's Agent
Robert Vedaa
FM Flex Consultants, Inc
List Price
$325,000
Sold Price
$255,000
Premium/Discount to List
-$70,000
-21.54%
Views
63
Current Estimated Value
$286,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,153
Avg. Annual Appreciation
12.29%

Purchase Details

Closed on
Jan 20, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
0.0816%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$255,000 Chicago Title
$117,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $152,800
Closed $94,000
Closed $17,000
Closed $93,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $255,000 +2.4% $188 / Sq Ft
01/25/2025 01/25/25 Pending -- -- --
01/21/2025 01/21/25 Price Changed $249,000 -23.4% $184 / Sq Ft
12/30/2024 12/30/24 For Sale $325,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,437 $183,731 $46,094 $137,637
2023 $2,437 $176,599 $44,305 $132,294
2022 $2,382 $173,137 $43,437 $129,700
2021 $2,335 $169,743 $42,586 $127,157
2020 $2,313 $168,004 $42,150 $125,854
2019 $2,275 $164,711 $41,324 $123,387
2018 $2,258 $161,482 $40,514 $120,968
2017 $2,219 $158,317 $39,720 $118,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24255363

California Regional Multiple Listing Service (CRMLS)

APN: 440-142-005

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