1125 Sheridan Avenue 62, Chico, California 95926, Chico, 95926 - 2 bed, 2 bath
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Chico, California 95926
This Two-Story Value-Add Condo represents a strategic entry into the Chico market with a List Price of $187,000. While assessed at a $173,161 Fair Market Value, the property offers significant forced appreciation potential through cosmetic updates. The Condition Rating of 4 highlights the need for new flooring and paint to modernize the dated oak cabinetry and laminate counters. Unique features like the Private Fenced Backyard and Community Pool distinguish this asset from local comparables trading up to $228,000 in the Chico Unified district. It is a prime selection for Buy-and-Hold Investors or first-time buyers seeking a project with high rental utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1125 Sheridan Avenue 62 Subject | $187,000* List Price | 2 | 2 | 1,009 | $172 | - |
A 1420 Sherman 8 Sold | $214,000 | 2 | 2 | 920 | $233 | 0.2 mi |
B 1415 Sheridan 14 Sold | $200,000 | 2 | 1 | 867 | $231 | 0.2 mi |
C 1110 Neal Dow Avenue Sold | $228,000 | 3 | 2 | 1,056 | $216 | 0.3 mi |
D 1244 Magnolia 9 Sold | $205,670 | 3 | 2 | 960 | $214 | 0.9 mi |
E 1125 Sheridan Avenue 37 Active | $225,000 List Price | 3 | 2 | 1,035 | $217 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this condo is functional but shows clear signs of age and deferred cosmetic maintenance. The kitchen and bathrooms feature dated oak-style cabinetry and laminate countertops, while the living room carpeting is visibly stained and worn. While the property is livable, it requires minor updates such as new flooring and paint to meet contemporary standards.
Unlike many condominiums, this unit features a private fenced backyard, offering a rare outdoor retreat for pets, gardening, or entertaining.
Listed at $187,000, the property is priced significantly below its 2023 sale price of $225,000, representing strong value in the current Chico market.
The two-story floor plan effectively separates social and private spaces, complemented by practical features like a dedicated laundry room and a walk-in closet.
The $302 monthly association fee adds a fixed cost to the ownership budget, which may impact the debt-to-income ratio for some first-time buyers.
With only one full bathroom located on the upper level, the 1.5-bath configuration may be less convenient for households with multiple residents or frequent guests.
Charming Two-Story Condo with Private Outdoor Space! Welcome to this inviting 2-bedroom, 1.5-bathroom, 1,009 sq. ft. condo built in 1991. Thoughtfully designed for comfort and convenience, this home is perfect for first-time buyers, downsizers, or anyone seeking a well-laid-out living space with private outdoor enjoyment. The main floor features a bright living room with a storage closet, a dining area with a sliding glass door leading to your own fenced yard, a functional kitchen with refrigerator, microwave, electric stove, and dishwasher, and a convenient half bath. A separate laundry room with extra storage for everyday practicality. Upstairs, the primary bedroom offers a spacious layout with a large closet, and the second bedroom includes a walk-in closet—ideal for guests, a home office, or extra storage. Both bedrooms feature ceiling fans, and the full bathroom completes the upper level. Enjoy the best of indoor and outdoor living with your private fenced backyard, a two-story layout that separates living and private spaces, and access to the community swimming pool—perfect for relaxing or entertaining. With thoughtful design, practical features, and a welcoming atmosphere, this condo is ready to move in and enjoy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 1,009 | 920 | 76% |
| Lot Size | 436 | 871 | 6% |
| Price | $187.0K | $214.0K | 6% |
| Price per sq ft | $185 | $257 | 6% |
| Built year | 1991 | 1978 | 82% |
| HOA | $302.0 | $460 | 18% |
| Days on market | 29 | 160 | 6% |
Mar 24, 2026
$187,000
Initial Listing
Aug 22, 2023
$225,000
Public Record
Aug 12, 2020
$190,000
Public Record
Jun 29, 2007
$184,000
Public Record