
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $400,300 Fair Market Value by 0.07%. Featuring a 20,473 sqft lot and a Condition Rating of 5, this asset requires a full rehabilitation to unlock its value. The versatile layout includes a unique spiral staircase and bonus room, offering significant upside for forced appreciation. Located near Emma Wilson Elementary in the Chico Unified district, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1696 Oak Way Subject | $400,000* List Price | 3 | 2 | 2,050 | $195 | - |
A 2249 Holly Avenue Active Under Contract | $475,000 List Price | 3 | 3 | 2,225 | $213 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966 and explicitly marketed as a 'true fixer-upper,' this property requires a full rehabilitation. Interior photos show exposed subfloors, original 1960s-style kitchen cabinetry, dated wood paneling, and aging systems. The exterior deck shows signs of weathering and potential rot, and the listing agent notes the need for a contractor and 'sweat equity' to make the home livable by modern standards.
Situated just steps from Oak Way Park and Emma Wilson Elementary, this property offers an ideal setting for families seeking convenience and proximity to local amenities.
The massive 20,473 sqft lot provides rare 'in-town' space for outdoor entertaining, gardening, or potential property expansion, offering significant privacy and utility.
With 2,050 sqft of living space including a unique spiral staircase and a large upstairs bonus room, the home offers a flexible floor plan for a custom modern redesign.
As a true fixer-upper, the property requires a substantial investment of time and capital to address its current condition and bring it up to modern standards.
Built in 1966, the home likely requires updates to major systems and finishes to meet contemporary building codes and buyer expectations.
1696 Oak Way, Chico — A Rare Opportunity Waiting for Your Vision. Tucked in a fantastic location just steps from Oak Way Park and Emma Wilson Elementary, this 3-bedroom, 2-bath home with an attached garage is a true fixer-upper with unmatched potential. Lovingly customized by its longtime owners, the home is ready for a new chapter — whether that means a full modern renovation or a thoughtful restoration that honors its unique character. Set on a huge lot, there's room to dream big: expand the garden, create your dream outdoor entertaining space, or simply enjoy the extra breathing room that's so hard to find in town. Step inside and discover a striking spiral staircase leading to a versatile upstairs bonus room — a blank canvas ready to become a playroom, home office, second living space, studio, or whatever your imagination calls for. The possibilities really are endless. This is a home for the buyer who sees beyond the surface — someone with vision, a little sweat equity, and a love for bringing character-filled homes back to life. With its unbeatable location near the park and school, solid bones, and a layout full of personality and potential, 1696 Oak Way is ready for someone to write its next story. Bring your contractor, bring your vision, and come fall in love with the possibilities.
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 | 2,050 | 1,721.208 |
| Lot Size | 20,473 | 8,138.524 |
| Price | $400.0K | $494.6K |
| Price per sq ft | $195 | $304 |
| Built year | 1966 | 1992 |
| HOA | $0 | $166 |
| Days on market | 40 | 54 |
Jul 31, 2026
$400,000
Initial Listing