2986 Rainbow Ln, Banning, CA 92220
OFF MARKET
Listed by Theresa Baeza, IET Real Estate, (562) 396-8728 . Bought with VICTOR S. BANUELOS, BROKER

$382,200

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,464 sqft

2986 Rainbow Ln, Banning, CA 92220

Est. Refi. Payment $2,466/mo*
Refinance Your Home
Currently Off Market - Sold Dec 8, 2023 for $369,900

Home Value

Trulia Estimate
$382K
Since last month
Increased$2K (+0.5%)
Since last year
Decreased$7K (-1.9%)
Since last sale
Increased$13K (+3.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +93% in the last 10 years
MonthEstimated value
2026
August 2026$383K
August 2026$382K
July 2026$381K
June 2026$384K
May 2026$384K
April 2026$385K
March 2026$387K
February 2026$392K
January 2026$387K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2880 Rainbow Ln, Banning, CA
0.07
Single-Family Home
$347,000
03/13/26
3
2
1,289
768 Moonlight Ct, Banning, CA
0.09
Single-Family Home
$355,000
08/18/26
3
2
1,289
492 Autumn Way, Banning, CA
0.23
Single-Family Home
$365,000
03/20/26
3
2
1,475
2664 Hazy Way, Banning, CA
0.21
Single-Family Home
$371,000
11/04/25
3
2
1,475
2694 W Clear Ct, Banning, CA
0.19
Single-Family Home
$359,000
03/11/26
3
2
1,289
738 Amber Sky St, Banning, CA
0.14
Single-Family Home
$335,000
04/23/26
2
2
1,474
2648 Hazy Way, Banning, CA
0.23
Single-Family Home
$309,000
04/22/26
3
2
1,289
733 Daybreak Way, Banning, CA
0.05
Single-Family Home
$331,000
03/25/26
2
2
996

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
709 Stormie Way, Banning, CA 92220
0.07
$359,300
2
2
1,092
Off Market
733 Daybreak Way, Banning, CA 92220
0.05
$336,900
2
2
996
For Sale
2880 Rainbow Ln, Banning, CA 92220
0.07
$347,000
3
2
1,289
Recently Sold
3060 Summer Set Cir, Banning, CA 92220
0.09
$351,400
2
2
1,225
Off Market
2968 Summer Set Cir, Banning, CA 92220
0.08
$353,400
2
2.5
1,760
Off Market
683 Sunshine St, Banning, CA 92220
0.12
$351,500
3
3
1,882
Foreclosure
3089 Summer Set Cir, Banning, CA 92220
0.12
$370,000
2
2
1,474
Off Market
768 Moonlight Ct, Banning, CA 92220
0.09
$355,000
3
2
1,289
Recently Sold
2906 Summer Set Cir, Banning, CA 92220
0.10
$359,000
2
2
1,240
For Sale
2890 Summer Set Cir, Banning, CA 92220
0.10
$347,800
2
2
1,474
Off Market
769 Amber Sky St, Banning, CA 92220
0.11
$384,100
2
2
1,710
Off Market

Local Information

  • Map ViewExplore the area around 2986 Rainbow Ln.
  • Schools5 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2003
1,464 sqft
$261/sqft
2 Car Garage
HOA $140/mo

About this House

***55+ Community***
If you are looking for a beautiful turnkey, move-in ready home, no need to look any further! This property is immaculate inside and out. The kitchen features tiled counters, with cabinets. Bathrooms are very well kept. There is an inside laundry room. Backyard features a beautiful view of the mountains, covered patio, retaining walls, and vinyl fencing for a nearly maintenance free backyard. The landscaping in the front yard shows very well. There is a 2 car attached garage. The HOA includes a beautiful clubhouse, pool, spa, gym and tennis courts. There is also a greenbelt. Property is conveniently located for quick, easy access to Interstate 10 and minutes away from Casino Morongo and world class shopping at the Premium Factory Outlet Stores at Desert Hills. A short drive further east on the Interstate will take you to the restaurants, casinos, spa/resorts and shopping of the Coachella Valley.
***Title shows 3 Bedroom/2 Bath - Property actually has a Master bedroom with huge sitting area (I'm thinking the 3rd bedroom), and a 2nd Bedroom in the hallway, see photos
2986 Rainbow Ln, Banning, CA 92220 is a 3 bedroom, 2 bathroom, 1,464 sqft single-family home built in 2003. It last sold for the $369,900 asking price on Dec 8, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $382,200, with a rent estimate of $2,604/month.

Home Details for 2986 Rainbow Ln

Interior Features

Interior Details
Number of Rooms: 2Types of Rooms: Master Bedroom, Bedroom
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 1464 Square Feet
Appliances & Utilities
Laundry: Electric Dryer Hookup,Gas Dryer Hookup
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Dining Room, Kitchen, Living RoomSpa: AssociationHas a FireplaceHas a Spa
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Front
View
Has a ViewView: Mountain(s)

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Garage Attached
Pool
Pool: Association
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 40

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 538323014

Price & Status

Price
List Price: $369,900
Status Change & Dates
Off Market Date: Thu Oct 19 2023

Active Status

MLS Status: Closed

Location

Direction & Address
City: Banning
School Information
High School District: Banning Unified

Community

Community Features: SuburbanIs a Senior Community

HOA

HOA Name: RainbowHOA Phone: 909-555-5555Association for this Listing: California Regional MLSHas an HOAHOA Fee: $140/Monthly

Lot Information

Lot Area: 4356 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Submit

Miscellaneous

Mls Number: DW23161653Living Area Range Units: Square FeetActivation Date: Sat Sep 09 2023Common Interest: NoneStart Showing Date: Sat Sep 09 2023Universal Property Id: US-06065-N-538323014-R-N

Additional Information

HOA Amenities: Pool,Spa/Hot Tub

Price and Tax history

DateEventPrice
Dec 8, 2023
Source: CRMLS #DW23161653
Sold
$369,900
Oct 19, 2023
Source: CRMLS #DW23161653
Pending
$369,900
Sep 9, 2023
Source: CRMLS #DW23161653
Listed For Sale
$369,900
Sep 19, 2003
Source: N/A
Sold
$165,000

Market trends in Banning

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$362K
$8.33KMoM
Sale-to-List Price
—
Price per sq ft
$262
$4MoM
Available listings
155
44MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Banning

At least 248 Trulia users voted on each feature.

  • 81 % Say car is needed

  • 80 % Say it's dog friendly

  • 79 % Say parking is easy

  • 78 % Say yards are well-kept

  • 70 % Say there's holiday spirit

  • 69 % Say there are sidewalks

  • 53 % Say it's quiet

  • 50 % Say kids play outside

  • 47 % Say they plan to stay for at least 5 years

  • 46 % Say streets are well-lit

  • 45 % Say neighbors are friendly

  • 45 % Say there's wildlife

  • 44 % Say people would walk alone at night

  • 43 % Say it's walkable to restaurants

  • 37 % Say it's walkable to grocery stores

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Alvin Moy
    "see people walking their dogs. be nice that owners would pick up after their pets and be respectful of their neighbors’ property. "
    0
    Flag
  • Trulia User
    "It’s a very quite place to live. I feel very safe "
    0
    Flag
  • Trulia User
    "I grew up in banning and love the community and homes "
    0
    Flag
  • Jessica_c_jonez
    "Fireworks go off all year round. "
    0
    Flag
  • Trulia User
    "It’s a very peaceful place "
    0
    Flag
  • Stacy Carpenter
    "There is a nearby park for kids and dogs. Super quiet neighborhood as well which is good for families. "
    0
    Flag
  • Vanessa F.
    "Quiet neighborhood, popular street so everyone looks out for each other... close gas stations and convenience stores for last minute items "
    11
    Flag
  • Savannah G.
    "there are a lot of dogs already in thus area so sometimes they can be friendly and sometimes you don't know. there's always some dog running around. Probably left someones yards so make sure you're aware. "
    3
    Flag
  • Rshernandz
    "Gated 55+ community. Beautiful grounds, safe to walk around, gold course, gyms, pools, tennis courts, bocce ball"
    0
    Flag
  • Semaj C.
    "Everyone walks there dogs to the park where they allow there dogs to use the restroom or they well walk them around the block"
    4
    Flag
  • Jocelynolguin
    "There are a lot of gang related activity near by. It is not a very nice neighborhood. The schools are not ranked very well."
    1
    Flag
  • Gizmo6824
    "No like. Random dogs running the neighborhood. Not on a leash. Unsupervised. Owners don’t seem to care. Unsafe for children "
    0
    Flag
  • Shante F.
    "Great schools my kids went to school here Banning High is awesome friendly neighborhood close to stores and food places cheap housing clean area "
    0
    Flag
  • Cynthia Z.
    "it's okay. needs more work. safer neighborhoods with night watch for a safer neighborhood. it's a good neighborhood because its quiet and relaxing. "
    5
    Flag
  • EschendalEsther .
    "Picnics and swimming bbq’s and estate sales. Yard sales and walking in great year round weather. Beautiful mountains north and south. "
    0
    Flag
  • Wilsonmail1996
    "I have lived in this area for 2 years. There is so much charm to this town, however homeowners need to take pride in their homes. Lack of pride is overwhelming."
    4
    Flag
  • Starr K.
    "the town is so small there's no real commute within it and there's many restaurants and grocery stores and retail stores within 15 miles"
    8
    Flag
  • Bryan M.
    "Easy freeway access to go anywhere else but here , some areas are nice but all and all dogs run wild and I don’t even want to jog on my side of town , looking for somewhere nicer but I do love the commute to Morongo"
    4
    Flag
  • Starr K.
    "Small town but the public transit takes you anywhere you need to go. doesn't run as often as larger cities"
    2
    Flag
  • Starr K.
    "There's some nice grassy parks and very little traffic. I personally walk my dogs to the hills at the edge of banning and let them roam free as there's no other animals or people around "
    2
    Flag
  • B.marcus428
    "I love banning ca I was born and raised here just a small homey town and it is a great place to raise your kids "
    0
    Flag
  • Jacqueline F.
    "Growing neighborhoods, the town is not as outdated as it used to be. Most of the town runs right along the freeway so you can really get from one side of it to the other in just a few minutes by hopping on...well, the freeway. 🤗"
    2
    Flag
  • Sunni L.
    "there are many parks and nice communities to take your dogs for walks. just clean up after them. that would be nice"
    0
    Flag
  • Mrriley54
    "I live in a 55 plus community. We have 24 hour armed security. There tons of activities to get involved with. "
    0
    Flag
  • Destiney W.
    "definitely a small town not much going on but I like it better than the big cities its definitely a growing city "
    0
    Flag
  • Michelle
    "My neighborhood is 55+ community with club houses, restaurant, and a multitude of classes you can take, which is a good way to meet neighbors. I feel safe walking my dog. The complex has 24 hour security."
    0
    Flag
  • Eric B.
    "Homeless population has increased dramatically within the last year. The city is not doing enough to retain homeowners and electrical is City managed and more expensive than Edison in Beaumont. "
    0
    Flag
  • Michelle R.
    "I live in a gated 55+ community. Security patrols 24/7 which gives me piece of mind there are no hooligans running around the neighborhood. "
    1
    Flag
  • Karvilloct22
    "The area isn’t that pretty no sidewalks to walk with stroller but it’s sometimes quite no disturbances "
    0
    Flag
  • Cynthia Z.
    "okay, place to live in. if yiu wnat a safe place to raise kids this is not for you. its a tough place to live and its getting more expensive."
    2
    Flag
  • Acortez056
    "Lived here all my life. Decent neighborhood.. Everyone kind of minds their own business . But some are hella mosey "
    0
    Flag

LGBTQ Local Legal Protections

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 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-11 00:47:25 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 2986 Rainbow Ln

  • What is 2986 Rainbow Ln estimated to be worth?
    Trulia's estimated value for 2986 Rainbow Ln in Banning, CA is $382,200.
  • What is the price history for 2986 Rainbow Ln?
    2986 Rainbow Ln in Banning, CA last sold for $369,900 in December 2023.
  • Is Banning a buyer's or seller's market?
    Banning is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Banning?
    The median sale price in Banning is $362K. That is down $8.33K from the prior month.
  • Does 2986 Rainbow Ln have air conditioning?
    Yes, 2986 Rainbow Ln in Banning, CA has air conditioning.
  • Does 2986 Rainbow Ln have a pool?
    Yes, 2986 Rainbow Ln in Banning, CA has a pool.

Explore by feature - Pet Friendly

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Off Market Homes Near 2986 Rainbow Ln

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