
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $394,399 Fair Market Value by 4%. This valuation gap offers $19,399 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the home requires modernization but offers functional storage and a prime location near the university. With its as-is sale status and converted garage, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 183 E Washington Avenue Subject | $375,000* List Price | 3 | 2 | 1,634 | $241 | - |
A 1421 Hobart Street Sold | $360,000 | 3 | 2 | 1,248 | $288 | 0.6 mi |
B 1617 Arcadian Sold | $350,000 | 2 | 2 | 1,234 | $284 | 0.7 mi |
C 1516 Arbutus Sold | $350,000 | 2 | 1 | 1,223 | $286 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this home is significantly dated with kitchen and bathroom fixtures appearing to be over 30 years old. While recent cosmetic updates like new carpeting and vinyl flooring have been added, and the inclusion of central HVAC is a plus, the property requires substantial modernization and is being sold as-is.
Situated in a highly desirable neighborhood, the home is just blocks from downtown Chico, the university, and Bidwell Park, offering excellent walkability and lifestyle appeal.
The property features exceptional storage solutions, including a massive kitchen pantry with pull-out cabinets and a large walk-in closet in the master suite, complemented by a versatile utility room.
Freshly installed carpeting in the bedrooms and new vinyl flooring in the utility room and master bath provide a refreshed feel and immediate move-in potential.
The original garage has been converted into a storage area, which may be a drawback for buyers requiring secure, covered vehicle parking.
The property is being sold in as-is condition, which, coupled with significant recent price reductions, suggests potential buyers may need to budget for deferred maintenance or further upgrades.
An unusual opportunity to own a home in one of Chico’s most desirable older neighborhoods. Comfortable post-World War II home awaits you on a tree-lined street just a few blocks from downtown, university and Bidwell Park. Original hardwood floor adorns living room. Kitchen pantry features enormous storage space, including massive pull-out cabinet. Master bathroom has large shower, while bedroom offers you tons of space in its walk-in closet. Utility room at rear of house isn’t officially a bedroom, but has a closet and separate entrance from covered patio, as well as separate access to master bath. Central heat and air conditioning. Washer and dryer (220) hookups. Mature ash trees in front yard offer protection from summer sun, while spacious, fenced back yard gives you plenty of room for kids’ play structure, barbecues, gardening or an area for dogs. Garage has been converted to storage area. Alley access to property provides room for two vehicles to park. New carpeting in all bedrooms plus hallway. New vinyl in utility room, master bathroom. Property to be sold as-is. Seller is a licensed Realtor.
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 | 1,634 | 1,721.208 |
| Lot Size | 6,098.4 | 8,138.524 |
| Price | $375.0K | $494.6K |
| Price per sq ft | $229 | $304 |
| Built year | 1946 | 1992 |
| HOA | $0 | $166 |
| Days on market | 92 | 54 |
Aug 6, 2026
$375,000
$409,995
-9% Price Drop
Initial Listing
Jul 8, 2026
$409,995
$439,000
-7% Price Drop
Initial Listing
Jun 9, 2026
$439,000
Initial Listing