1156 Neal Dow, Chico, California 95926, Chico, 95926 - 2 bed, 2 bath
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1156 Neal Dow
Chico, California 95926
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
2Baths
1,152Sq Ft
0Lot Size
Property Price
LIST PRICE$150,000
EST. MARKET VALUE
$143,904
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $150,000—positioned well below the $143,905 Fair Market Value by -4%. While the home carries a Fair Condition Rating of 5, the inclusion of a private back patio and community pool and tennis courts provides significant lifestyle value. The unit requires a full interior rehab to address deferred maintenance, offering a clear path for forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking an entry-level project.
Estimated Market Value
$143,904
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1156 Neal Dow Subject | $150,000* List Price | 2 | 2 | 1,152 | $125 | - |
A 1115 Downing Avenue Sold | $174,000 | 3 | 2 | 1,056 | $165 | 0.1 mi |
B 1125 Sheridan Avenue 62 Sold | $178,000 | 2 | 2 | 1,009 | $176 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1976 and appears to be in original condition. The bathrooms feature dated 1970s floral wallpaper, original wood-grain vanities, and carpeted floors, which are significant hygiene and maintenance concerns. The listing description explicitly states the home needs 'elbow grease' and 'TLC,' fitting the criteria for a property over 30 years old requiring a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Community Amenities
The property offers access to desirable community features including a swimming pool and tennis courts, providing significant lifestyle value for residents.
- Investment Potential
Priced at $150,000, this condo represents a rare entry-level opportunity in Chico, offering substantial upside for those looking to build equity through renovations.
- Functional Storage and Outdoor Space
The unit includes a private back patio and multiple storage areas, including a dedicated space in the two-car carport, which is a premium for a property of this size.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 871, other record living area = 1152.
- Required Renovations
The property is noted as needing 'TLC' and 'elbow grease,' indicating that immediate capital investment is required to address its vintage condition and deferred maintenance.
- High Monthly HOA Fees
The $460 monthly association fee is relatively high compared to the listing price, which may impact the monthly affordability and debt-to-income ratio for potential buyers.
About 1156 Neal Dow
Welcome to a condo with vintage charm and plenty of potential! This 2-bedroom, 1.5-bath home is tucked into a well-established community where classic character meets an easy, comfortable lifestyle. The generous primary bedroom offers plenty of room to relax, while the private back patio creates a welcoming outdoor space complete with its own storage area. There’s even more room for your belongings with additional storage in the convenient two-car carport. And when it’s time to unwind or have a little fun, the community pool and tennis courts are ready to enjoy. This home is ready for someone with a little vision and a desire to add their own personal touch. With some elbow grease, thoughtful improvements, and a little TLC, there’s an opportunity to bring out its full potential while preserving the vintage feel that makes it special. Whether you’re looking for a place to call home or an opportunity to create something uniquely yours, this one is worth a look!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $460.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,152 | 1,165.2 |
| Lot Size | - | 1,219.6 |
| Price | $150.0K | $253.5K |
| Price per sq ft | $130 | $216 |
| Built year | 1976 | 1983 |
| HOA | $460.0 | $507 |
| Days on market | 5 | 60 |
Pricing History
Listed for Sale
Sep 4, 2026
$150,000
Initial Listing