1609 Plumas Way, Chico, California 95926, Chico, 95926 - 4 bed, 4 bath
Loading property details...
1609 Plumas Way
Chico, California 95926
ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,545Sq Ft
15,681.6Lot Size
Property Price
LIST PRICE$814,000
EST. MARKET VALUE
$814,000
SUMMARY
This Spacious Traditional Residence is a Strong Value Opportunity, listed at $829,000—positioned well below the $890,914 Fair Market Value by 6%. This valuation gap provides $61,914 in Instant Equity. While maintaining a Dated Original Condition Rating, the 3,545-square-foot interior and 0.36-acre lot featuring a swimming pool and spa offer immense potential for forced appreciation through cosmetic updates. Located in the Chico Unified School District near Neal Dow Elementary, it balances lifestyle perks with investment upside. This is an ideal opportunity for Owner-Occupants looking to customize a large estate or Buy-and-Hold Investors seeking a high-square-footage asset in a prime 95926 location.
Estimated Market Value
$814,000
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1609 Plumas Way Subject | $814,000* List Price | 4 | 4 | 3,545 | $230 | - |
A 5 Canterbury Circle Sold | $725,000 | 4 | 4 | 2,856 | $254 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 and described as being in original condition, the property is well-maintained but significantly dated. The kitchen and bathrooms feature original oak cabinetry, tile countertops, and older light fixtures. While the home appears functional and move-in ready with some updated flooring, it lacks a comprehensive renovation and requires cosmetic modernization to meet current market standards.
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 = 15681, living area = 3545.
- Substantial Living Space
With 3,545 square feet of living area, this residence offers exceptionally large rooms and a functional layout, providing ample space for a growing family or multi-generational living.
- Outdoor Oasis
The generous 0.36-acre lot features a private backyard with a sparkling swimming pool, making it an ideal setting for outdoor entertainment and enjoying the warm Chico climate.
CONSRISKS & DEFICIENCIES
- Original Condition
Built in 1980 and still in its original state, the home requires significant cosmetic and potentially mechanical updates to meet modern aesthetic and efficiency standards.
- High Renovation Investment
Due to the home's expansive footprint, the cost of updating the interior to a contemporary finish will require a substantial additional capital investment beyond the purchase price.
About 1609 Plumas Way
Spacious family home at 1601 Plumas Way in a well established Chico neighborhood! Built in 1980, this 3,545 sq ft residence offers 4 bedrooms and 4 bathrooms on a generous 0.36-acre lot. The home features a classic layout with large, functional rooms and plenty of natural light, still in original condition and ready for your personal updates and vision to truly make it your own. Outside, enjoy the private backyard oasis with a sparkling swimming pool, ideal for warm Chico summers, family fun, and entertaining. Perfectly located in the desirable 95926 zip code, the property is just minutes from Neal Dow Elementary School, along with easy access to Bidwell Junior High and Pleasant Valley High School in the Chico Unified School District. You'll also enjoy convenient proximity to parks, shopping, dining, Highway 99, and downtown Chico. Whether you're seeking a solid investment with tremendous potential, a large home with room to grow, or a project to customize, 1601 Plumas Way delivers exceptional space, fantastic outdoor living, and a prime central location. Don't miss this rare opportunity in one of Chico’s established communities. Schedule your private showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 15,681.6 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,545 | 1,721.208 |
| Lot Size | 15,681.6 | 8,138.524 |
| Price | $814.0K | $494.6K |
| Price per sq ft | $230 | $304 |
| Built year | 1980 | 1992 |
| HOA | $0 | $166 |
| Days on market | 153 | 54 |
Pricing History
Listed for Sale
Aug 3, 2026
$814,000
$829,000
-2% Price Drop
Initial Listing
Price Change
Apr 9, 2026
$829,000
Initial Listing
Sold
Sep 27, 2021
$740,000
Public Record
Sold
Aug 28, 2006
$550,000
Public Record
Sold
May 23, 2006
$515,000
Public Record