1551 Hawthorne Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
Loading property details...
Chico, California 95926
This property presents a Strong Value Opportunity with a List Price of $269,500—positioned well below the $293,871 Fair Market Value by 8%. This valuation gap offers $24,371 in Instant Equity for buyers capable of managing a comprehensive renovation. Featuring a Condition Rating of 5, the home requires significant upgrades, including pool restoration. Its expansive 11,326 sqft lot and proximity to Sierra View Elementary and Bidwell Park provide a solid foundation for value-add projects. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Property is extensive renovation needed.
Built in 1953 (71 years old) with no evidence of renovation, this HUD property is a total fixer-upper. The listing explicitly states it requires significant work and upgrades throughout, including a non-functional swimming pool, fitting the criteria for a major rehab project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1274.
Situated in one of Chico's most desirable neighborhoods, the property is just steps from top-rated Sierra View Elementary and blocks from the iconic Bidwell Park.
As a HUD Home bargain priced at a fraction of the cost for the area, this property offers a rare opportunity for instant equity through strategic renovations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1274, other record living area = 1624.
The home requires significant work and upgrades throughout, making it unsuitable for traditional financing or buyers seeking a move-in-ready residence.
While the large pool is a major asset, it currently requires substantial restoration to become functional, representing a significant upfront capital investment.
Unbeatable Value & Location! Unlock instant equity with this incredible HUD Home bargain! Nestled in one of Chico's most desirable neighborhoods, this property sits just around the corner from top-rated schools and mere blocks from the iconic Bidwell Park. If you have been searching for the perfect location to customize your dream home, this is it. A classic living room anchored by a cozy brick fireplace, plus a separate, large family room featuring a rustic wood stove. Step outside to discover unexpected feature: an enormous swimming pool! While it needs some love, this outdoor space represents the ultimate footprint for your future private oasis! This home requires significant work and upgrades throughout, but the potential is unlimited. Don't miss this rare opportunity to live in an great neighborhood at a fraction of the cost. Bring your tools, roll up your sleeves, and design the home you have been waiting for!
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 | 1,274 | 1,797 |
| Lot Size | 11,326 | 8,276 |
| Price | $269.5K | $496.1K |
| Price per sq ft | $212 | $301 |
| Built year | 1953 | 1992 |
| HOA | $0 | $196 |
| Days on market | 15 | 52 |
Jul 7, 2026
$269,500
Initial Listing
Jan 14, 1998
$85,000
Public Record