185 Canyon, Oroville, California 95966, Oroville, 95966 - 5 bed, 3 bath
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185 Canyon
Oroville, California 95966
ACTIVE
CONDITION: FAIR
5Beds
3Baths
3,672Sq Ft
130,680Lot Size
Property Price
LIST PRICE$849,999
EST. MARKET VALUE
$894,887
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $849,999—positioned well below the $894,887 Fair Market Value by 5%. This valuation gap offers $44,888 in Instant Equity. Featuring Dual Residences and a Resort-Style Pool, the property has a Condition Rating of 4, requiring cosmetic updates to modernize the 1955 structures. With 3 acres of land near Lake Oroville, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living potential.
Estimated Market Value
$894,887+$44,888 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 185 Canyon Subject 5 bd · 3 ba · 3,672 sqft · $244 | $849,999* List Price | 5 | 3 | 3,672 | $244 | - |
A 172 Ward Boulevard Active 4 bd · 5 ba · 4,094 sqft · $220 · 0.6 mi | $899,900 List Price | 4 | 5 | 4,094 | $220 | 0.6 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 1955, the property is functional and livable but significantly dated. The main kitchen and bathrooms feature cabinetry, flooring, and wallpaper likely dating back 30+ years. While the second home is better maintained and 'move-in ready,' the main residence requires substantial cosmetic updates and likely modernization of mechanical systems to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Residences
The property features two separate homes on a single lot, providing an ideal setup for multi-generational living, guest accommodations, or potential rental income.
- Resort-Style Pool
A standout feature is the impressive private pool area complete with a grotto and waterslide, offering a high-end entertainment space rarely found in residential listings.
- Expansive Acreage & Location
Situated on approximately 3 acres near Lake Oroville, the property offers ample space for horses and outdoor toys, combining a country lifestyle with easy water access.
CONSRISKS & DEFICIENCIES
- Interior Updating Needed
The main residence requires cosmetic and functional updates to modernize the space, which may necessitate additional immediate capital investment from the buyer.
- Property Age
Originally built in 1955, the structures may require inspections and potential upgrades to older electrical, plumbing, or insulation systems to meet modern standards.
About 185 Canyon
TWO HOMES ON APPROXIMATELY 3 ACRES WITH AN INCREDIBLE RESORT-STYLE POOL! This is not your average property. The main home features soaring vaulted ceilings, a spacious floor plan and a large primary suite. The home could use some updating, but with two residences, acreage, an incredible location and one of the most impressive pools around, the possibilities are endless. Step outside to your own private retreat featuring a beautiful pool complete with a grotto and waterslide—perfect for entertaining and enjoying those warm summer days. The second home is cute, clean and ready for extended family, in-laws or guests. Bring the horses, animals, boat and toys because there is plenty of room to enjoy the country lifestyle. Lake Oroville access is approximately one mile away, making it easy to get the boat in the water and enjoy everything the lake has to offer. Whether you're looking for multi-generational living, room to entertain or simply a unique property with space and amenities you don't find every day, this one is ready for its next owner. What are you waiting for?
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 130,680 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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 | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,672 | 1,400.158 |
| Lot Size | 130,680 | 12,679.525 |
| Price | $850.0K | $324.8K |
| Price per sq ft | $231 | $227 |
| Built year | 1955 | 1971 |
| HOA | $0 | $36 |
| Days on market | 17 | 71 |
Pricing History
Listed for Sale
Oct 8, 2026
$849,999
Initial Listing
Sold
Aug 27, 1999
$325,000
Public Record