1198 Gossamer, Chico, California 95973, Chico, 95973 - 3 bed, 2 bath
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1198 Gossamer
Chico, California 95973
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,471Sq Ft
4,356Lot Size
Property Price
LIST PRICE$428,000
EST. MARKET VALUE
$434,000
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $434,000—positioned well below the $443,214 Fair Market Value by 2%. This valuation gap offers $9,214 in Instant Equity for the buyer. With a Condition Rating of 3, the home features a remodeled primary bath and new appliances. Its Covered RV Parking and proximity to Upper Bidwell Park and Chico Unified schools provide significant lifestyle utility. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$434,000
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 |
|---|---|---|---|---|---|---|
★ 1198 Gossamer Subject 3 bd · 2 ba · 1,471 sqft · $295 | $428,000* List Price | 3 | 2 | 1,471 | $295 | - |
A 2811 Vistamont Way Sold 4 bd · 2 ba · 1,402 sqft · $305 · 0.1 mi | $428,000 | 4 | 2 | 1,402 | $305 | 0.1 mi |
B 2970 Eaton Sold 3 bd · 2 ba · 1,314 sqft · $335 · 0.3 mi | $440,000 | 3 | 2 | 1,314 | $335 | 0.3 mi |
C 1397 Lucy Way Sold 3 bd · 2 ba · 1,126 sqft · $333 · 0.1 mi | $375,000 | 3 | 2 | 1,126 | $333 | 0.1 mi |
D 1378 Lucy Sold 3 bd · 2 ba · 1,233 sqft · $319 · 0.2 mi | $393,500 | 3 | 2 | 1,233 | $319 | 0.2 mi |
E 26 Lacewing Court Sold 3 bd · 2 ba · 1,126 sqft · $346 · 0.2 mi | $390,000 | 3 | 2 | 1,126 | $346 | 0.2 mi |
F 1 Kayla Marie Court Sold 3 bd · 2 ba · 1,405 sqft · $327 · 0.2 mi | $459,000 | 3 | 2 | 1,405 | $327 | 0.2 mi |
G 2604 Ceanothus Avenue Sold 3 bd · 2 ba · 1,126 sqft · $337 · 0.2 mi | $380,000 | 3 | 2 | 1,126 | $337 | 0.2 mi |
H 2728 Silver Oak Drive Sold 3 bd · 2 ba · 1,439 sqft · $324 · 0.4 mi | $465,800 | 3 | 2 | 1,439 | $324 | 0.4 mi |
I 1375 Ringtail Active 3 bd · 2 ba · 1,233 sqft · $332 · 0.1 mi | $409,000 List Price | 3 | 2 | 1,233 | $332 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006 (18 years old), this property is well-maintained by the original owner and move-in ready. The primary bathroom features a recent high-quality remodel, and the kitchen includes new stainless steel appliances. While some finishes like the oak cabinetry and tile countertops are dated, the home is functional with clean inspection reports and clear pride of ownership.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property is exceptionally well-maintained by the original owner, featuring full pest clearance and clean inspection reports, ensuring a seamless move-in experience.
- Versatile Outdoor Amenities
The inclusion of covered RV parking with a concrete slab offers rare utility, providing flexible space for vehicle storage, a workshop, or an expanded outdoor dining area.
- Prime Location
Ideally situated in an established neighborhood within walking distance to top-rated schools, shopping, and the entrance to Upper Bidwell Park, maximizing lifestyle convenience.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
At approximately 4,356 square feet, the lot is relatively small for the area, which may limit options for buyers seeking a large private backyard or extensive gardening space.
- Modest Square Footage
With under 1,500 square feet of living space, the interior may feel constrained for larger families or those requiring a dedicated home office in addition to three bedrooms.
About 1198 Gossamer
At nearly 1500 square feet this house has it all: 3 bedrooms 2 baths, two living areas and a nicely appointed kitchen with new stainless steel appliances with a breakfast bar opening to a sunny dining area, COVERED RV PARKING, 2 car garage with storage shelving, nice new fences and an area for a garden. Squeaky clean inspection reports and a full pest clearance on file. This home is ready to move in. Tucked away in a quite established neighborhood, yet walking distance to Pleasant Valley High, Marigold elementary, Safeway, and the entrance to the famous Upper Bidwell park. This home has been lovingly cared for by its original owner since it was built in 2006. Beautiful low-maintenance landscaping in front and a covered patio in back to enjoy a quiet evening or morning coffee. The covered RV parking area also has a concrete slab and could be a great additional outdoor dining area or converted to a large green house or shop space. Seller's are moving due to employment and many of these upgrades were done when they were never intending to sell and have high quality materials and excellent attention to detail. The primary bedroom is large and has a walk-in closet and the primary bathroom has been remodeled with a new walk-in shower with grab-bars and accessibility updates.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,471 | 1,720.576 |
| Lot Size | 4,356 | 7,994.042 |
| Price | $428.0K | $487.0K |
| Price per sq ft | $291 | $303 |
| Built year | 2006 | 1992 |
| HOA | $0 | $154 |
| Days on market | 25 | 56 |
Pricing History
Listed for Sale
Oct 12, 2026
$428,000
$434,000
-1% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$434,000
Initial Listing
Sold
Jul 28, 2006
$87,000
Public Record