
Chico, California 95926
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $589,000—positioned well below the $604,683 Fair Market Value by 2%. This valuation gap offers $15,683 in Instant Equity. With a Condition Rating of 4, the property serves as a well-preserved time capsule, offering significant upside for cosmetic modernization. Featuring a large 12,196 sqft lot, owned solar, and a pool, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project near Bidwell Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1082 Filbert Avenue Subject 4 bd · 3 ba · 2,583 sqft · $213 | $525,000* List Price | 4 | 3 | 2,583 | $213 | - |
A 886 Lynn Lane Sold 4 bd · 2 ba · 1,803 sqft · $252 · 0.5 mi | $454,000 | 4 | 2 | 1,803 | $252 | 0.5 mi |
B 1474 Hawthorne Avenue Sold 4 bd · 2 ba · 1,794 sqft · $242 · 0.7 mi | $433,570 | 4 | 2 | 1,794 | $242 | 0.7 mi |
C 2220 Mariposa Avenue Pending 4 bd · 2 ba · 1,782 sqft · $230 · 1.0 mi | $410,000 List Price | 4 | 2 | 1,782 | $230 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is a well-preserved 'time capsule' that is functional but dated (>30 years). The kitchen features original cabinetry, laminate counters, and vintage wallpaper, while the bathrooms and sunken living room reflect the original construction era. Although it includes modern additions like owned solar, the overall interior requires significant cosmetic updates and 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 = 12196, living area = 2583.
Situated just one block from Bidwell Park, the property offers unparalleled access to Chico’s premier outdoor recreation, including creek-side trails and scenic bike paths.
With over 2,500 square feet and a massive bonus room featuring a wood-burning stove, the home provides exceptional flexibility for multi-generational living or large-scale entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The home retains its original 1973 architectural character and vintage kitchen, which may require a substantial renovation budget for buyers seeking a modern, turnkey interior.
The pool is a partially recessed above-ground model, which typically offers lower appraisal value and less aesthetic appeal than a traditional in-ground swimming pool.
Some homes are remodeled until you can no longer tell when they were built. This one tells its story proudly. Built in 1973 and just one block from Bidwell Park, this 4-bedroom, 2.5-bathroom home spans 2,583 square feet with the kind of character that makes you want to slow down and look around. The era is still here, not as a theme, but in the architecture, warmth, and unexpected spaces that make the home memorable. Step inside and the entry sets the tone. Just beyond it, a sunken living room feels equal parts intimate and dramatic, with a warm wood ceiling overhead and a brick fireplace wall with a long mantel stretching across it. Double doors connect to an adjoining room, while across the home, the kitchen leans beautifully into its vintage character with details that feel perfectly at home here. Continue through the breezeway and the house reveals another surprise: an expansive bonus space with a freestanding wood-burning stove, separate cooling, and room to gather on an entirely different scale. The home’s 4 bedrooms provide plenty of flexibility for everyday life, while 2.5 bathrooms complete the layout. Outside, the pace slows down. An oversized covered patio creates shade for long afternoons, while a raised deck looks across the grassy backyard. The partially recessed above-ground pool and slide are ready for Chico summers, with room left for gardening, playing, or simply enjoying the outdoors. Multiple parking areas, a carport, second driveway, and owned solar add everyday practicality. And then there’s the location. With Bidwell Park just one block away, morning walks along the creek, bike rides beneath the trees, and afternoons at One Mile can become part of everyday life. This isn’t a home borrowing character from another era. It’s a piece of Chico that has kept its own, and that’s exactly what makes it so special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,583 | 1,720.576 |
| Lot Size | 12,196.8 | 7,994.042 |
| Price | $525.0K | $487.0K |
| Price per sq ft | $203 | $303 |
| Built year | 1973 | 1992 |
| HOA | $0 | $154 |
| Days on market | 43 | 56 |
Oct 8, 2026
$525,000
$559,000
-6% Price Drop
Initial Listing
Sep 26, 2026
$559,000
$589,000
-5% Price Drop
Initial Listing
Sep 11, 2026
$589,000
Initial Listing
Feb 26, 2025
$169,000
Public Record