
Chico, California 95926
This 2-bedroom, 2-bathroom condominium represents a Strong Value Opportunity, listed at a List Price of $195,000—positioned slightly above the $186,723 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring modern shaker-style cabinetry, stone countertops, and updated laminate flooring. Its central location near Chico State and Bidwell Park ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, low-maintenance residence in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1420 Sherman Avenue 16 Subject | $195,000* List Price | 2 | 2 | 920 | $203 | - |
A 1244 Magnolia Avenue 3 Sold | $196,000 | 2 | 2 | 960 | $204 | 0.8 mi |
B 1125 Sheridan Avenue 37 Sold | $195,000 | 3 | 2 | 1,035 | $188 | 0.2 mi |
C 1125 Sheridan Avenue 62 Sold | $178,000 | 2 | 2 | 1,009 | $176 | 0.2 mi |
D 1125 Sheridan Avenue 36 Sold | $231,529 | 3 | 2 | 1,035 | $224 | 0.2 mi |
E 1154 Neal Dow Avenue Sold | $208,000 | 2 | 2 | 1,152 | $181 | 0.3 mi |
F 1415 Sheridan 18 Active | $210,000 List Price | 2 | 2 | 920 | $228 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1987, this property has been well-maintained with significant interior updates. The kitchen features modern shaker-style cabinetry, stone countertops, and stainless steel appliances, suggesting a renovation within the last 5-15 years. Updated laminate flooring is present throughout, making it move-in ready, though some original elements like popcorn ceilings remain.
The property is ideally situated near Chico State, Historic Downtown, and Bidwell Park, offering high desirability for both owner-occupants and tenants.
Featuring a dual-suite 2-bedroom, 2-bathroom configuration with indoor laundry and assigned covered parking, the unit maximizes utility within its 920-square-foot footprint.
At an accessible price point under $200,000 in a high-demand area, this condo represents an excellent entry-level opportunity for first-time buyers or portfolio investors.
The $388 monthly association fee is a significant recurring expense that may impact a buyer's debt-to-income ratio and overall monthly affordability.
Being an upper-level unit, the property requires stair access, which may limit its appeal to buyers with mobility concerns or those preferring ground-floor convenience.
Sometimes, the best homes aren’t about having more space. They’re about having the right space in the right location. Welcome to 1420 Sherman Ave #16, a charming upper-level condo with 920 square feet, 2 bedrooms, and 2 bathrooms in a location that keeps you connected to nearly everything Chico has to offer. Inside, the layout keeps everyday living simple and comfortable. Laminate flooring flows throughout the home, while two bedrooms and two full bathrooms offer flexibility for daily life. Indoor laundry adds convenience without taking up valuable living space. Just outside the main living area, a private balcony creates a little corner of your own. It’s an easy place for morning coffee, a few plants, or winding down at the end of the day. An additional storage closet keeps the extras neatly tucked away. An assigned covered parking space adds another layer of convenience. But the location may be what makes this condo work so well. Chico State, Historic Downtown Chico, Upper and Lower Bidwell Parks, shopping, restaurants, and freeway access are all just minutes away. Work, school, weekends, and everyday errands all stay within easy reach. Whether you’re looking for a place of your own or an opportunity to add to your investment portfolio, this is condo living without the unnecessary extras. Comfortable, convenient, and right in the middle of Chico life.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 2.0 |
| Square foot | 920 | 1,165.2 |
| Lot Size | 871 | 1,219.6 |
| Price | $195.0K | $253.5K |
| Price per sq ft | $212 | $216 |
| Built year | 1987 | 1983 |
| HOA | $388.0 | $507 |
| Days on market | 12 | 60 |
Aug 28, 2026
$195,000
Initial Listing
May 23, 2006
$170,000
Public Record
Nov 26, 2003
$2,438,000
Public Record