1163 E 8th, Chico, California 95928, Chico, 95928 - 0 bed, 0 bath
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Chico, California 95928
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $425,000—positioned well below the $444,337 Fair Market Value by 4%. This valuation gap offers $19,337 in Instant Equity. Featuring a Mint Condition Rating, the home includes a modernized kitchen, original hardwood floors, and a private Trex deck. With a large 9,583 sqft lot offering ADU potential, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home near CSU Chico.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1163 E 8th Subject | $425,000* List Price | 0 | 0 | 1,450 | $306 | - |
A 73 Skymountain Circle Sold | $440,000 | 3 | 2 | 1,312 | $335 | 1.0 mi |
B 1617 Hemlock Street Sold | $435,000 | 4 | 3 | 2,018 | $216 | 0.7 mi |
C 1077 E 8th Sold | $329,000 | 2 | 2 | 1,003 | $328 | 0.1 mi |
D 1764 Elm Street Sold | $340,651 | 2 | 2 | 1,006 | $339 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1954, the property has undergone a comprehensive recent renovation (likely <5 years) including a modern kitchen with quartz countertops and stainless steel appliances, fully updated bathrooms with subway tile and LVP flooring, and newer interior paint, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1450.
The home features extensive upgrades including quartz countertops, stainless steel appliances, and a mix of original hardwood and LVP flooring, blending classic charm with contemporary convenience.
Situated on a generous 9,583 sqft lot with a detached garage, the property offers significant potential for an Accessory Dwelling Unit (ADU), appealing to both investors and multi-generational families.
Originally built in 1954, the property may have underlying aging systems typical of its era that could necessitate ongoing maintenance or future capital improvements despite cosmetic updates.
The detached garage located at the rear of the property may be viewed as less convenient than an attached garage, particularly for direct home access or during inclement weather.
UPGRADED THROUGHOUT, LARGE LOT with ADU POTENTIAL!! This beautifully updated 3 bedroom, 2 bath home is ideally located near California State University, Chico and all that Chico has to offer. Featuring newer interior paint, original hardwood floors throughout, and LVP flooring in the kitchen and bathrooms, this home blends timeless character with modern updates. The inviting living room offers recessed lighting and a cozy wood-burning fireplace, while the updated kitchen showcases quartz countertops, stainless steel appliances, ample cabinetry, and a spacious walk-in pantry. The primary suite features a dual vanity sink, tub/shower combo, large subway tile surround, and stylish fixtures. The guest bathroom includes a tub/shower combo with subway tile, pedestal sink, and updated finishes. Additional highlights include an indoor laundry room, detached garage in the back, fully fenced yard, and private Trex deck perfect for relaxing or entertaining. Conveniently located just minutes from downtown Chico, Bidwell Park, shopping, restaurants, and freeway access, this charming property offers a functional layout, abundant natural light, and endless potential for homeowners or investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 1,450 | 1,656 | 32% |
| Lot Size | 9,583 | 6,970 | 75% |
| Price | $425.0K | $474.6K | 34% |
| Price per sq ft | $293 | $301 | 40% |
| Built year | 1954 | 1991 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 143 | 2% |
May 18, 2026
$425,000
Initial Listing
Sep 15, 2023
$360,000
Public Record
Sep 24, 2004
$240,000
Public Record
Jun 13, 2001
$127,000
Public Record