1289 Palmetto, Chico, California 95926, Chico, 95926 - 4 bed, 3 bath
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Chico, California 95926
This Modernized Mid-Century Residence is a High-Potential Investment Opportunity, listed at $489,000—positioned well below the $550,321 Fair Market Value by 11%. This valuation gap provides $61,321 in Instant Equity. Boasting an Excellent Condition Rating following extensive renovations, the home features dual primary suites, a quartz kitchen, and wood flooring. Located in a prime neighborhood near Bidwell Park within the Chico Unified district, it offers both lifestyle luxury and financial upside. It is a perfect match for growing families or lifestyle-focused buyers seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1289 Palmetto Subject | $489,000* List Price | 4 | 3 | 1,802 | $305 | - |
A 5 Nancy Lane Sold | $495,000 | 3 | 2 | 1,637 | $302 | 0.2 mi |
B 27 Amber Way Sold | $505,000 | 3 | 2 | 1,542 | $327 | 0.7 mi |
C 9 Trieste Way Sold | $485,000 | 3 | 2 | 1,701 | $285 | 0.9 mi |
D 2 Kingston Circle Sold | $620,000 | 3 | 2 | 1,865 | $332 | 0.3 mi |
E 6 Doris Way Sold | $465,000 | 3 | 2 | 1,364 | $341 | 0.8 mi |
F 7 Jenny Active | $449,900 List Price | 3 | 2 | 1,360 | $331 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1957, the property has undergone an extensive recent renovation that meets modern standards. The interior features a fully updated kitchen with quartz countertops and stainless steel appliances, modernized bathrooms, refinished wood flooring, and dual-pane windows. The property is in move-in ready condition with high-quality finishes throughout.
The rare inclusion of two spacious primary suites with ensuite bathrooms offers exceptional flexibility for multi-generational living, guests, or enhanced privacy.
The home features high-quality updates including a kitchen with quartz countertops, stainless steel appliances, dual-pane windows, and beautiful wood flooring.
Situated in a highly desirable Chico neighborhood known for mature trees and proximity to Bidwell Park, schools, and shopping, ensuring strong long-term value.
Built in 1957, the property may possess older underlying plumbing or electrical systems typical of its era that were not fully replaced during cosmetic updates.
While the lot includes a versatile outbuilding, the 6,970 sqft size may feel constrained for buyers desiring a large open lawn or significant garden space.
Welcome to this beautifully updated 4 bedroom, 3 bathroom home located in one of Chico’s favorite, established neighborhoods known for its mature trees and inviting feel. Inside, you’ll find a thoughtfully designed floor plan featuring two spacious primary suites with ensuite bathrooms, offering flexibility for multi-generational living, guests, or added privacy. The home is filled with natural light and offers a warm, welcoming atmosphere throughout. The updated kitchen features quartz countertops, quality cabinetry, stainless steel appliances (including refrigerator), and modern finishes, all opening nicely to the main living areas. Additional upgrades include dual pane windows, beautiful wood flooring in the common spaces, and updated bathrooms, making this home truly move-in ready. Step outside to a charming backyard with a covered patio, perfect for relaxing, entertaining, or enjoying Chico’s beautiful evenings. A well-built outbuilding adds extra versatility and could easily serve as a workshop, hobby space, or be adapted for animals such as a chicken coop or dog run. Conveniently located near schools, shopping, Bidwell Park, and In Motion Fitness, this home offers both comfort and convenience in a location buyers love. With its flexible layout, tasteful updates, and inviting outdoor space, this home is ready for its next chapter. Grab your favorite agent and come check out this beautiful home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,802 | 1,682 | 58% |
| Lot Size | 6,970 | 8,712 | 33% |
| Price | $489.0K | $446.2K | 62% |
| Price per sq ft | $271 | $292 | 40% |
| Built year | 1957 | 1964 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 177 | 1% |
Apr 16, 2026
$489,000
Initial Listing
May 26, 2023
$477,000
Public Record
Nov 4, 2016
$314,500
Public Record
Oct 10, 2001
$185,000
Public Record
Oct 29, 1998
$50,500
Public Record