16 La Palma Drive, Oroville, California 95965, Oroville, 95965 - 3 bed, 1 bath
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16 La Palma Drive
Oroville, California 95965
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
1Baths
1,039Sq Ft
7,405.2Lot Size
Property Price
LIST PRICE$245,000
EST. MARKET VALUE
$237,034
3% AboveMARKET VALUE
SUMMARY
This 1957 residence presents a High-Potential Investment Opportunity with a List Price of $245,000—positioned well above the $237,035 Fair Market Value by 3%. While the property requires modernization, its Condition Rating of 4 and 7,405 sq. ft. lot provide a solid foundation for value-add renovations. Featuring refinished wood floors and a fully fenced backyard with a patio, the home offers significant potential for customization. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic, commuter-friendly location near Highway 70.
Estimated Market Value
$237,034
Based on Realkey algorithm analyzing recent comparable sales in Oroville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 La Palma Drive Subject | $245,000* List Price | 3 | 1 | 1,039 | $228 | - |
A 33 La Cresenta Sold | $289,000 | 3 | 1 | 1,175 | $246 | 0.2 mi |
B 1521 Montgomery Sold | $240,000 | 2 | 1 | 936 | $256 | 0.9 mi |
C 27 Riverview Sold | $262,500 | 2 | 1 | 1,330 | $197 | 0.4 mi |
D 1233 1st Sold | $285,000 | 2 | 1 | 1,452 | $196 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is 67 years old and remains largely in its original state. While the refinished hardwood floors are in good condition, the kitchen is significantly dated with original cabinetry and laminate countertops. The heating system is a wall furnace rather than central HVAC, and the single bathroom reflects the home's 1957 vintage, necessitating modern updates and system improvements.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1039.
- Strategic Commuter Location
The property is ideally positioned just two minutes from Highway 70 and within walking distance of major county offices and the courthouse, making it perfect for local professionals.
- Original Architectural Charm
Featuring refinished original wood floors and a classic brick fireplace, the home retains its mid-century character while offering a solid, well-maintained interior foundation.
CONSRISKS & DEFICIENCIES
- Single Bathroom Layout
The 3-bedroom configuration is served by only one bathroom, which may be a significant drawback for growing families or buyers looking for modern convenience.
- Dated Climate Control
The home utilizes a wall furnace for heating and lacks a central HVAC system, which may necessitate additional investment for modern energy efficiency and year-round comfort.
About 16 La Palma Drive
Welcome to this 3 bedroom, 1 bath and 1 car garage home. It is in an area that is relaxed and peaceful. It may be the ideal location for anyone who may work at any of the county offices, county records, social services, court house, or any of the other businesses in this area. It is only two minutes to highway 70 if you need to commute to Chico, Paradise, or heading south to Gridley, Yuba City Marysville area. If you make this your home, you will love it. The family that has owned it for two generations, is ready to let someone new step in and love it too. It offers a brick fire place, and wall furnace for heating. The original wood floors were refinished several years ago and still look great! The back yard is fully fenced with a cement open patio and the rest of the yard is open for gardening, animals, or what ever you create. The home feels solid and needs someone to love and care for it. Notice the Orange tree in front yard. The oranges are growing fast. Go see it soon!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 7,405.2 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,039 | 1,406.567 |
| Lot Size | 7,405.2 | 11,782.067 |
| Price | $245.0K | $328.3K |
| Price per sq ft | $236 | $227 |
| Built year | 1957 | 1972 |
| HOA | $0 | $36 |
| Days on market | 36 | 69 |
Pricing History
Listed for Sale
Aug 4, 2026
$245,000
Initial Listing