1193 Olive Street, Chico, California 95928, Chico, 95928 - 3 bed, 2 bath
Loading property details...
Chico, California 95928
This property presents a Strong Value Opportunity with a List Price of $340,000—positioned well below the $358,959 Fair Market Value by 5%. This valuation gap offers $18,959 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers a spacious corner lot and a versatile basement for value-add potential. While the infrastructure is vintage, the layout provides a functional primary suite. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1193 Olive Street Subject | $340,000* List Price | 3 | 2 | 1,512 | $243 | - |
A 1200 Ivy Street Sold | $306,425 | 3 | 2 | 1,102 | $278 | 0.7 mi |
B 1761 Elm Street Active | $399,000 List Price | 3 | 2 | 1,667 | $239 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this property is significantly dated and requires modernization. While the HVAC system and electrical panel show signs of being updated within the last 15-20 years, the 'country' kitchen description and lack of recent renovations to the interior finishes place it in the Fair category. It is functional and move-in ready but needs cosmetic and minor repair work to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1512.
The property is situated on a generous 7,841 sqft corner lot, offering significant outdoor space and the rare potential to develop dedicated off-street parking via an existing curb cut.
Unlike many homes of this era, this bungalow features a spacious primary bedroom with an ensuite bathroom and a split-bedroom layout, providing enhanced privacy and modern convenience.
Built in 1940, the home may require significant capital investment to update aging electrical, plumbing, or mechanical systems to meet contemporary building standards.
The property currently lacks a garage or paved driveway, requiring the new owner to invest in landscaping or construction to utilize the curb cut for vehicle storage.
Great property located on a large corner lot. Spacious primary bedroom with on suite bathroom. Livingroom and dining room offers plenty of living space. Secondary bedrooms are split from the primary bedroom. Plenty of living space accented by wood floors and plenty of light. Kitchen is the heart of the morning, and this country kitchen fits the bill. The basement offers a space for storage, a work bench, or a cool place to hang out. There is a curb cut on 12th if you want to have off street parking. This bungalow is just waiting for you to make it yours.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,512 | 1,797 |
| Lot Size | 7,841 | 8,276 |
| Price | $340.0K | $496.1K |
| Price per sq ft | $225 | $301 |
| Built year | 1940 | 1992 |
| HOA | $0 | $196 |
| Days on market | 61 | 52 |
May 22, 2026
$340,000
Initial Listing
May 12, 2016
$222,500
Public Record
Oct 21, 2009
$244,000
Public Record
Jun 18, 2008
$161,500
Public Record