
Chico, California 95926
This Turnkey Residential Condominium is a Prime Investment Opportunity, listed at $212,000—positioned well below the $218,505 Fair Market Value by 2%. This valuation gap provides $6,505 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features Granite Countertops, Updated LVP Flooring, and a Private Patio. Located in a gated community within the Chico Unified School District and minutes from Chico State University, this asset offers high rental demand. It is perfectly suited for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1114 Nord Avenue 17 Subject | $212,000* List Price | 3 | 2 | 960 | $228 | - |
A 1114 Nord Avenue 8 Sold | $209,000 | 3 | 2 | 960 | $218 | 0.0 mi |
B 1114 Nord Avenue 11 Sold | $197,000 | 3 | 2 | 960 | $205 | 0.0 mi |
C 1244 Magnolia 9 Sold | $205,670 | 3 | 2 | 960 | $214 | 0.8 mi |
D 1114 Nord Active | $235,000 List Price | 3 | 2 | 960 | $245 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several recent cosmetic updates including new LVP flooring, fresh interior paint, granite countertops, and updated stainless steel appliances. While the building was constructed in 1990 and some elements like the cabinetry and fluorescent lighting are dated, the overall condition is well-maintained with no immediate renovations required.
Situated in a gated community just minutes from Chico State and downtown, this property offers exceptional rental demand and convenience for students or faculty.
The condo features move-in ready finishes including updated LVP flooring, fresh interior paint, granite countertops, and modern appliances, reducing immediate capital expenditure for new owners.
As a bottom-end unit, the property provides easy accessibility and a practical three-bedroom floor plan that includes an en-suite bathroom and an in-unit stackable washer and dryer.
The $374 monthly association fee represents a significant recurring cost that may impact the overall return on investment and monthly affordability for budget-conscious buyers.
With only 960 square feet to accommodate three bedrooms and two bathrooms, the individual living spaces and bedrooms may feel cramped, potentially limiting appeal for long-term residents.
Looking for a smart investment or a place to call home while attending Chico State? This updated ground-level condo offers both convenience and long-term potential in a gated community just minutes from campus, downtown Chico, and everyday amenities. Positioned as a bottom-end unit, the home provides easy access and a comfortable layout with an open living space that flows naturally into the kitchen. Updated LVP flooring runs throughout the main living areas, while fresh interior paint and updated appliances give the home a clean, move-in ready feel. Granite countertops complete the kitchen, and the functional design makes everyday living simple. Just off the kitchen and dining area, you’ll find one bedroom and a nearby hall bathroom, offering flexibility for guests or roommates. Down the hall, two additional bedrooms are positioned toward the end of the layout, including one with its own en-suite bathroom, creating a more private living arrangement. A stackable washer and dryer adds everyday convenience and strong rental appeal. The gated community offers a pool, controlled access, and bike racks throughout the complex, making it especially well-suited for students or tenants looking for ease of living and proximity to everything Chico has to offer. Whether you’re a parent looking to invest while your student is in school, or someone ready to start building a real estate portfolio, this property presents a practical opportunity in a highly convenient location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 960 | 920 | 59% |
| Lot Size | 871 | 871 | 50% |
| Price | $212.0K | $214.0K | 41% |
| Price per sq ft | $221 | $257 | 29% |
| Built year | 1990 | 1978 | 71% |
| HOA | $374.0 | $460 | 29% |
| Days on market | 35 | 160 | 6% |
Mar 18, 2026
$212,000
Initial Listing