1397 Nord Avenue, Chico, California 95926, Chico, 95926 - 2 bed, 1 bath
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Chico, California 95926
This High-Potential Investment Opportunity is listed at a List Price of $193,000, positioned well below the $201,931 Fair Market Value by 4%. This valuation gap offers $8,931 in Instant Equity. Featuring an Excellent Condition Rating with modern grey shaker cabinets and updated fixtures, this condo provides a turnkey asset. The inclusion of a private back patio and in-unit laundry enhances rental appeal. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, high-demand Chico residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1397 Nord Avenue Subject | $193,000* List Price | 2 | 1 | 950 | $213 | - |
A 1114 Nord Avenue 8 Sold | $209,000 | 3 | 2 | 960 | $218 | 0.2 mi |
B 1114 Nord Avenue 11 Sold | $197,000 | 3 | 2 | 960 | $205 | 0.2 mi |
C 1244 Magnolia 9 Sold | $205,670 | 3 | 2 | 960 | $214 | 1.0 mi |
D 1395 Nord Avenue Active | $215,000 List Price | 2 | 1 | 950 | $226 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1982, the property has undergone a high-quality renovation within the last 5 years. The kitchen features modern grey shaker cabinets, stone countertops, and stainless steel appliances. The bathroom is similarly updated with contemporary fixtures and vanity, and the unit features consistent modern flooring throughout, meeting the criteria for excellent condition due to recent comprehensive updates.
Priced competitively under $200,000, this property offers an accessible entry point for first-time buyers or investors in a high-demand rental market near Chico's core.
The unit features updated finishes and the significant convenience of an in-unit stackable washer and dryer, which are highly sought-after features in condominium living.
The inclusion of a private back patio provides a rare personal outdoor retreat that enhances the functional living area and sets it apart from standard apartment-style units.
With only one bathroom serving two bedrooms, the layout may present logistical challenges for roommates or small families compared to units with a 1.5 or 2-bath configuration.
The monthly association fee of $263 adds a fixed overhead cost that buyers must factor into their monthly budget, impacting overall affordability and cash flow for investors.
This inviting 2-bedroom, 1-bath condo offers 950 sq ft of comfortable living in the sought-after Richfield Gardens community. With updated finishes, a functional floor plan, and the added convenience of an in-unit stackable washer and dryer, the home blends style with practicality. Enjoy your own private back patio and the ease of low-maintenance living in one of Chico’s prime locations. An excellent opportunity for first-time buyers or investors seeking a low-maintenance property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 950 | - |
| Lot Size | 1,307 | - |
| Price | $193.0K | $294.7K |
| Price per sq ft | $203 | $250 |
| Built year | 1982 | 0 |
| HOA | $263.0 | $0 |
| Days on market | 37 | 51 |
Jun 15, 2026
$193,000
Initial Listing
May 26, 2023
$199,500
Public Record
May 15, 2009
$115,000
Public Record
Jun 25, 2002
$76,000
Public Record