1244 Magnolia Avenue 3, Chico, California 95926, Chico, 95926 - 2 bed, 2 bath
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Chico, California 95926
This Turnkey Condominium represents a Strong Value Opportunity, listed at $209,000—positioned slightly above the $204,227 Fair Market Value. While the price reflects its move-in ready status, the property’s Condition Rating of 3 and recent updates—including new LVP flooring, fresh paint, and updated appliances—ensure immediate functionality. Its proximity to CSU Chico and the hospital creates high rental demand, making this a stable asset. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, centrally located residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 Magnolia Avenue 3 Subject | $209,000* List Price | 2 | 2 | 960 | $213 | - |
A 1114 Nord Avenue 8 Sold | $209,000 | 3 | 2 | 960 | $218 | 0.8 mi |
B 1114 Nord Avenue 11 Sold | $197,000 | 3 | 2 | 960 | $205 | 0.8 mi |
C 1244 Magnolia 9 Sold | $205,670 | 3 | 2 | 960 | $214 | 0.0 mi |
D 1125 Sheridan Avenue 36 Sold | $231,529 | 3 | 2 | 1,035 | $224 | 0.9 mi |
E 555 Vallombrosa Sold | $240,000 | 2 | 1 | 902 | $266 | 0.9 mi |
F 1395 Nord Avenue Active | $215,000 List Price | 2 | 1 | 950 | $226 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1984 but recently refreshed with new LVP flooring, carpet, and fresh interior paint. The kitchen features updated appliances and hardware, and while the cabinetry and layout are older, the unit is well-maintained, functional, and move-in ready.
The property is ideally situated just blocks from CSU Chico, downtown, and the hospital, making it a highly desirable location for students, medical professionals, and rental investors.
Extensive recent refreshments including fresh paint, new LVP flooring, new carpet, and updated kitchen appliances provide a modern, move-in-ready aesthetic that minimizes immediate capital expenditures.
The rare three-bedroom configuration for this square footage offers exceptional flexibility, allowing for a dedicated home office, den, or increased rental capacity in a competitive market.
The monthly HOA fee of $430 is relatively high compared to the listing price, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
At 960 square feet for a three-bedroom unit, the individual room sizes and common living areas may feel constrained, potentially limiting appeal for those seeking more spacious accommodations.
Location, convenience, and thoughtful updates come together beautifully at 1244 Magnolia Ave. #3, a refreshed condo perfectly positioned in one of Chico’s most convenient locations. Just blocks from California State University, Chico, downtown Chico, and the hospital, this home places restaurants, shopping, entertainment, and everyday essentials all within easy reach, making it an ideal fit for homeowners, students, professionals, or investors looking for a strong rental opportunity in the heart of town. Inside, the sellers have truly gone the extra mile preparing this 960 square-foot home for its next owner. Fresh interior paint, brand-new hardware, updated kitchen appliances, new carpet, and durable LVP flooring throughout the main living spaces create a clean, updated feel that immediately feels welcoming. The 3-bedroom, 2-bathroom layout offers flexibility rarely found in a condo of this size, with the front bedroom perfectly suited as a traditional bedroom, home office, den, study space, or cozy second living area depending on your needs. The living spaces flow comfortably together while still feeling functional for everyday life, and the private patio adds a quiet outdoor space to relax and enjoy Chico’s beautiful evenings. Additional conveniences including in-unit washer and dryer hookups and off-street parking only add to the ease of living here. Whether you’re looking for a low-maintenance primary residence or an investment property in an unbeatable location, this condo offers the kind of lifestyle that keeps you connected to everything Chico has to offer.
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 | 2.0 | 50% |
| Square foot | 960 | 960 | 50% |
| Lot Size | 871 | 871 | 50% |
| Price | $209.0K | $218.0K | 42% |
| Price per sq ft | $218 | $221 | 50% |
| Built year | 1984 | 1981 | 50% |
| HOA | $430.0 | $449 | 50% |
| Days on market | 29 | 145 | 8% |
May 15, 2026
$209,000
Initial Listing
Oct 15, 2020
$184,000
Public Record
Feb 26, 2009
$112,500
Public Record
Oct 4, 1999
$57,000
Public Record