5516 Palmer Dr
Banning, CA 92220
2 bd 2 ba 1,356 sqft Built 1990 Lot 2,178 sqft condos
Most recent sale
$325,000
Feb 8, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 8, 2024 | Sold | $325,000 | CRMLS |
| Dec 14, 2023 | Price changed | $329,000 | CRMLS |
| Dec 2, 2023 | Price changed | $339,000 | CRMLS |
| Oct 7, 2023 | Price changed | $342,000 | CRMLS |
| Aug 24, 2023 | Listed | $347,000 | CRMLS |
| Sep 2, 2022 | Sold | $325,000 | MLS #IG22088735 |
| Jun 30, 2022 | Price changed | $347,900 | MLS #IG22088735 |
| Jun 25, 2022 | Price changed | $348,800 | MLS #IG22088735 |
| Jun 3, 2022 | Listed | $350,000 | MLS #IG22088735 |
| May 14, 2021 | Listing removed | — | CRMLS |
| May 5, 2021 | Listed for rent | $1,800 | CRMLS |
| Oct 9, 2020 | Sold | $220,000 | MLS #EV20009720 |
| Feb 28, 2012 | Sold | $112,500 | Public Record |
| Nov 5, 2011 | Listing removed | $119,000 | CRMLS |
| Oct 18, 2011 | Price changed | $119,000 | MLS #E11113580 |
| Aug 28, 2011 | Listed | $139,000 | MLS #E11113580 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $295,800 | $35,700 | $331,500 | $4,517 |
| 2024 | $295,800 | $35,700 | $331,500 | $4,611 |
| 2023 | $290,000 | $35,000 | $325,000 | $4,607 |
| 2022 | $280,000 | $35,000 | $315,000 | $4,460 |
| 2021 | $185,000 | $35,000 | $220,000 | $3,134 |
| 2020 | $100,489 | $28,707 | $129,196 | $1,867 |
| 2019 | $98,519 | $28,145 | $126,664 | $1,838 |
| 2018 | $96,588 | $27,594 | $124,182 | $1,826 |
| 2017 | $94,695 | $27,053 | $121,748 | $1,796 |
| 2016 | $92,839 | $26,523 | $119,362 | $1,709 |
| 2015 | $91,446 | $26,126 | $117,572 | $1,685 |
| 2014 | $89,655 | $25,615 | $115,270 | $1,674 |
| 2013 | $89,250 | $25,500 | $114,750 | $1,679 |
| 2012 | $61,200 | $35,700 | $96,900 | $1,412 |
| 2010 | $62,597 | $16,775 | $79,372 | $1,033 |
| 2009 | $62,747 | $16,816 | $79,563 | $1,041 |
| 2008 | $61,517 | $16,487 | $78,004 | $962 |
| 2007 | $60,311 | $16,164 | $76,475 | $938 |
Property facts
Year built
1990
Property type
condos
Stories
2
Beds
2
Baths
2
Living area
1,356 sqft
Lot size
2,178 sqft
ZIP code
92220
City
Banning
Street
Palmer Dr
Coordinates
33.91766, -116.93747
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,950
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5516 Palmer Dr last sell?
5516 Palmer Dr most recently sold on Feb 8, 2024 for $325,000.
What is the current tax assessment for 5516 Palmer Dr?
The most recent total assessment for 5516 Palmer Dr (year 2025) is $331,500 with $4,517 in property tax.
How does 5516 Palmer Dr's assessment compare to its last sale price?
The current assessment is 2.0% above the last sale price of $325,000.
When was 5516 Palmer Dr built?
5516 Palmer Dr was built in 1990.
How does 5516 Palmer Dr compare to others on Palmer Dr?
We track 8 other properties on Palmer Dr. Browse the list under "Other properties on Palmer Dr" to compare beds, baths, and sale history.
What are the property facts for 5516 Palmer Dr?
5516 Palmer Dr is a 2 bed, 2 bath, 1,356 sqft, 2,178 sqft lot condos.
Is 5516 Palmer Dr a flip candidate?
Yes — 5516 Palmer Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 5516 Palmer Dr a tax-appeal candidate?
No — 5516 Palmer Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.4%
Implied 1-yr
-1.7%
2026 Q3
$345.3K
2026 Q4
$343.8K
ZIP 92220 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Palmer Dr