
Chico, California 95973
This Multi-Generational Equestrian Estate is a High-Potential Investment Opportunity, listed at $727,000—positioned well above the $587,593 Fair Market Value by 23%. While the price reflects a premium, the property offers significant income potential through its two permitted homes, Granite Kitchen, and Equestrian Amenities on 6.41 acres. With a Condition Rating of 3, the estate provides a turnkey lifestyle with panoramic mountain views and a private hot tub. This unique asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing hobby farm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 Mendocino Subject | $727,000* List Price | 3 | 4 | 2,691 | $218 | - |
A 170 Woodhaven Drive Sold | $540,000 | 3 | 3 | 2,650 | $204 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1993 and meticulously maintained by a single owner. The main house features a remodeled kitchen with granite countertops and custom oak flooring, while the guest house is recently remodeled. Although some interior elements like bathroom fixtures and carpeting reflect the home's 30-year age, the property is move-in ready, functional, and shows high pride of ownership.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 279220, living area = 2691.
The property features two fully permitted and inspected custom homes on a single lot, providing a turnkey opportunity for rental income, Airbnb hosting, or multi-generational living.
With 6.41 acres, a two-stall stable, corral, round pen, and a small orchard, this estate is perfectly equipped for horse owners and those seeking a hobby farm lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2691, other record living area = 2169. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The main home only offers an over-sized one-car garage, which may be a significant drawback for a property of this size and price point where buyers typically expect multi-car storage.
Managing 6.41 acres of treed land, an orchard, and multiple structures requires substantial ongoing labor and expense for fire prevention, landscaping, and general upkeep.
TWO custom houses plus horse stables on 6.41 acres. Live in one and rent the other? Board horses for extra income. 2 homes, 2 wells, 2 septics--all permitted and inspected. Views of the Sutter Buttes, Central Valley and sunsets over the coastal ranges. Nicely treed and shady yet well maintained for fir prevention. One owner has taken pride in building and maintaining this property. Main home is 2168 square feet not counting a massive unfinished bonus room upstairs or the over-sized one car garage. 2 primary bedrooms (one up stairs and one downstairs) plus a 2nd living room upstairs. Stunning vaulted beamed ceilings with wood milled onsite. Cozy woodstove. Remodeled kitchen with granite counters and nice propane range. Solid oak custom craftsman flooring in main house. 2nd house is 523 sf and recently remodeled with newer septic and private yard, its own laundry on porch, plenty of parking in driveway, and covered parking spot plus storage shed. Guest house was rented for $1000 a month and as an Airbnb. Large horse corral plus round pen plus 2 stall stable with large hay and tack room and horse washing station. Fenced garden, small orchard with citrus, apples and apricot trees. Main well supplies both homes and has backup generator included in purchase. Come relax on your deck in the cool mountain breeze or soak in the hot tub and star gaze. Cohasset is a friendly little community where neighbors take care of each other, tucked away yet only 15 minutes from the bustling college town of Chico CA. Chico has year round farmers markets, award willing Enloe Hospital, great music and art scene and Bidwell park which is famous for its mountain biking, hiking and fishing. High speed ATT Fiber optic internet is now being installed in Cohasset.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 96% |
| Square foot | 2,691 | 1,728 | 89% |
| Lot Size | 279,220 | 7,750 | 97% |
| Price | $727.0K | $500.0K | 87% |
| Price per sq ft | $270 | $303 | 20% |
| Built year | 1993 | 2004 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 129 | 3% |
Jun 1, 2026
$727,000
Initial Listing
Sep 1, 1998
$100,000
Public Record