1415 Sheridan Avenue 22, Chico, California 95926, Chico, 95926 - 1 bed, 1 bath
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Chico, California 95926
This Value-Add Condominium Asset is listed at $185,000, representing a market-competitive entry point relative to its $165,535 Fair Market Value. Maintaining a Condition Rating of 4, the unit is move-in ready but retains its original 1981 finishes, presenting a clear opportunity for forced appreciation through cosmetic updates. The property features a private balcony with a Pool View, in-unit laundry, and a comprehensive HOA covering water, sewer, and trash. Located in the Chico Unified district near medical hubs, this functional home is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1415 Sheridan Avenue 22 Subject | $185,000* List Price | 1 | 1 | 714 | $232 | - |
A 1415 Sheridan 14 Sold | $200,000 | 2 | 1 | 867 | $231 | 0.0 mi |
B 555 Vallombrosa Avenue 82 Sold | $214,000 | 1 | 1 | 702 | $305 | 0.9 mi |
C 555 Vallombrosa Sold | $240,000 | 2 | 1 | 902 | $266 | 0.8 mi |
D 1420 Sherman 8 Sold | $214,000 | 2 | 2 | 920 | $233 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but it is largely in its original 1981 condition. While the living area has been refreshed with modern paint and virtual staging, the kitchen and bathroom feature dated oak cabinetry, laminate countertops, and older white appliances. The home is functional and clean but shows significant signs of being outdated, fitting the criteria for a property over 40 years old with no major renovations.
The comprehensive HOA covers water, sewer, trash, and exterior maintenance, offering a hassle-free lifestyle complemented by community amenities like a pool.
This unit features a private balcony with pool views, in-unit laundry with appliances included, and a designated parking space, providing significant convenience for a condo.
Centrally located with immediate access to Highway 99, medical facilities, and shopping, making it an ideal choice for commuters or healthcare professionals.
The $455 monthly association fee is substantial relative to the purchase price, which may affect the overall monthly affordability for budget-conscious buyers.
At 714 square feet with a single bedroom, the property offers limited space, which may restrict its appeal to a smaller demographic of buyers.
Enjoy low-maintenance living in this charming 1-bedroom, 1-bath condo located in the desirable Sheridan Commons community. With access to a community pool and an HOA that covers water, sewer, trash, and exterior grounds maintenance, this is an ideal option for easy living. Centrally located with quick access to Highway 99, shopping, medical facilities, and schools, convenience is at your doorstep. This upstairs unit features a private balcony overlooking the pool and beautifully maintained grounds, plus in-unit laundry with washer and dryer included. The functional layout offers a comfortable living space with a dining area just off the kitchen, making it the perfect place to call home. This condo also includes one designated parking space for added convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 24% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 714 | 902 | 24% |
| Lot Size | 436 | 871 | 6% |
| Price | $185.0K | $214.0K | 6% |
| Price per sq ft | $259 | $259 | 50% |
| Built year | 1981 | 1978 | 53% |
| HOA | $455.0 | $460 | 47% |
| Days on market | 6 | 160 | 6% |
Apr 16, 2026
$185,000
Initial Listing
Oct 1, 2021
$165,000
Public Record
Jul 6, 2006
$140,000
Public Record
Oct 25, 2002
$14,500
Public Record