15383 Forest Ranch, Forest Ranch, California 95942, Forest Ranch, 95942 - 3 bed, 2 bath
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Forest Ranch, California 95942
This property presents a High-Potential Investment Opportunity with a List Price of $279,000—positioned well below the $274,743 Fair Market Value by -1.5%. While the home carries a Fair Condition Rating due to its 1984 vintage, the expansive 1.7-acre lot offers significant Development Potential for an ADU or workshop. The property features distant mountain and canyon views and a spacious deck, providing a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15383 Forest Ranch Subject | $279,000* List Price | 3 | 2 | 1,282 | $214 | - |
A 4714 Snow Mountain Active | $299,000 List Price | 3 | 2 | 1,517 | $197 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984, this 40-year-old property exceeds the 30-year threshold for poor condition without significant renovations. Visuals confirm original 1980s features including dated oak cabinetry, laminate countertops, and aged purple carpeting, indicating the home requires a full rehab of the kitchen, bathrooms, and likely aging mechanical systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 74052, living area = 1282.
The property sits on a generous 1.7-acre lot surrounded by large parcels and mature trees, providing a rare sense of seclusion and privacy while maintaining a neighborhood feel.
With a spacious and level lot, there is ample room to build additional structures such as a large workshop or an Accessory Dwelling Unit (ADU), offering excellent value-add potential.
Built in 1984, the home may require modern updates to its interior finishes and systems to meet the expectations of contemporary buyers.
While offering a peaceful mountain lifestyle, the 20-minute drive to Chico is necessary for most major services, employment, and shopping, which may not appeal to all buyers.
Clean air, cooler temperatures, tall, mature trees and plenty of space to roam. Located just 20 minutes from Chico, the beautiful Town of Forest Ranch has all of this and more... This fantastic property is located on a spacious 1.7 +/- acre lot on a quiet street right around the corner from the post office and general store. Surrounded by other large parcels, the space between homes provides a feeling of privacy, while still having a great neighborhood feel. The home offers a nice floor plan with large living room with pellet stove, 3 good-size bedrooms and a full 2 car garage as well. There is also plenty of room to build additional structures such as a shop or potential ADU. This one is priced to sell, so schedule your time to come take a look!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,282 | 1,808 |
| Lot Size | 74,052 | 52,708 |
| Price | $279.0K | $400.2K |
| Price per sq ft | $218 | $218 |
| Built year | 1984 | 1996 |
| HOA | $0 | $270 |
| Days on market | 20 | 65 |
Jul 2, 2026
$279,000
Initial Listing
Jul 21, 1997
$112,000
Public Record