
Chico, California 95926
This Income-Generating Residential Property is listed at $512,000, representing a stable acquisition at its $512,000 Fair Market Value. Featuring a versatile studio unit with a private entrance and a Gerard lifetime roof, the home holds a Fair Condition Rating with significant value-add potential through interior modernization. Situated on a generous .31-acre lot near Bidwell Park within the Chico Unified School District, the property includes a gunite pool and original oak hardwood floors. This is an ideal opportunity for Owner-Occupants seeking house-hack potential or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1058 Stevie Joe Subject | $499,000* List Price | 4 | 3 | 2,245 | $222 | - |
A 1080 Filbert Avenue Sold | $630,000 | 4 | 3 | 2,400 | $263 | 0.1 mi |
B 1577 Hawthorne Avenue Sold | $426,100 | 4 | 2 | 1,884 | $226 | 1.0 mi |
C 1223 Spruce Active | $525,000 List Price | 4 | 3 | 1,843 | $285 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but shows significant signs of being outdated, consistent with a 'fair' rating. While it features durable upgrades like a Gerard lifetime roof and original oak hardwood floors, the kitchen and bathrooms reflect styles from 20-30 years ago, including tile countertops, fluorescent light boxes, and older cabinetry. The home is functional and move-in ready, but the interior finishes, light fixtures, and appliances require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 2245.
The property includes a versatile studio unit with a private entrance, kitchenette, and dedicated HVAC, offering excellent opportunities for rental income or multi-generational living.
Situated on a generous .31-acre lot just a short distance from the iconic Bidwell Park, the home occupies one of Chico's most desirable and convenient neighborhoods.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The property was recently sold within the past year on 2025-06-25. The sold price is $512,500.00.
Built in 1953, the home may require more frequent maintenance or updates to older systems compared to newer constructions in the area.
INCOME POTENTIAL! A home that pays you back—live comfortably while the extra unit brings in income! This home offers a rare blend of space, flexibility, and location! Set on a generous .31-acre lot and just a short distance to Bidwell Park, it includes a versatile studio unit in addition to the 3 bedrooms and 2 baths in the main home. The studio—accessed just off the laundry area—features its own bathroom, kitchenette, ductless heating and cooling, and a private entrance to the backyard. The main home includes a durable GERARD “lifetime” roof, oak hardwood floors, dual-pane windows, a gas fireplace, and a fully enclosed sunroom. The primary bedroom features a walk-in closet, and both bathrooms showcase custom tile work with dual shower heads. The fully fenced backyard includes a separately fenced gunite pool (currently professionally covered), several fruit trees, and a private courtyard area—perfect for enjoying the outdoors. With solid features throughout and a highly desirable location, this home is ready to welcome its next owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 2.0 | 72% |
| Square foot | 2,245 | 1,700 | 88% |
| Lot Size | 13,504 | 8,712 | 83% |
| Price | $499.0K | $445.0K | 64% |
| Price per sq ft | $222 | $290 | 14% |
| Built year | 1953 | 1964 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 177 | 34% |
Apr 4, 2026
$499,000
$512,000
-3% Price Drop
Initial Listing
Mar 29, 2026
$512,000
$519,000
-1% Price Drop
Initial Listing
Mar 12, 2026
$519,000
Initial Listing
Dec 8, 2025
$525,000
Initial Listing
Jun 25, 2025
$512,500
Public Record