
Chico, California 95928
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $425,000—positioned well below the $444,864 Fair Market Value by 4%. This valuation gap offers $19,864 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home includes a new roof and fresh paint, though the interior offers room for cosmetic updates. Located in the desirable Springfield Estates near top-rated schools, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 Betsey Way Subject | $425,000* List Price | 3 | 2 | 1,730 | $257 | - |
A 11 Kevin Court Sold | $517,500 | 3 | 2 | 1,776 | $291 | 0.1 mi |
B 9 Niagara Way Sold | $460,000 | 4 | 2 | 1,645 | $280 | 0.7 mi |
C 19 Vermillion Sold | $376,000 | 3 | 2 | 1,565 | $240 | 0.8 mi |
D 2061 Rochester Pending | $375,000 List Price | 3 | 2 | 1,320 | $284 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1992 (32 years old). While it features a new roof (1 year old) and fresh interior paint, the kitchen and bathrooms are described with dated materials like tile counters and laminate flooring, fitting the criteria for a home over 20 years old needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1730.
Situated in the highly desirable Springfield Estates, this property offers exceptional proximity to Meriam Park, Bidwell Park, and major transit routes like Highway 99 and 32.
The home features a brand-new roof installed only a year ago, along with fresh interior paint and new interior doors, reducing immediate maintenance costs for the buyer.
The kitchen utilizes tile countertops and laminate flooring, which may be perceived as dated compared to the modern stone surfaces preferred by many contemporary buyers.
With carpeted bedrooms and 1990s-era styling, the property may require additional cosmetic investment to achieve a fully modernized interior aesthetic.
Close to Everything! This spacious Webb home is located in the highly desirable Springfield Estates, one of Chico's most established neighborhoods. Enjoy an unbeatable location just minutes from Meriam Park, shopping, restaurants, coffee shops, Sierra Nevada Brewery, Highway 99 and Highway 32, and only a little over a mile from Bidwell Park. Little Chico Creek Elementary and Marsh Junior High are also nearby. Inside, you'll find fresh interior paint, new interior doors, and an open floor plan with vaulted ceilings, a skylight, and a wood-burning fireplace with a brick surround in the living room. A new roof was installed two years ago. The spacious kitchen features tile counters, laminate flooring, and opens to a comfy dining area that can also serve as a cozy family room. A separate formal dining room offers flexibility for a home office, second living area, or dining space. The primary suite includes a walk-in closet and private bath with dual vanities and a walk-in shower. Additional features include carpeted bedrooms, tile flooring in the bathrooms, a large hall storage closet, and a backyard with a grape arbor. With its versatile floor plan and convenient location close to schools, parks, shopping, dining, and freeway access, this home offers the perfect combination of comfort and convenience.
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 | 1,730 | 1,797 |
| Lot Size | 7,841 | 8,276 |
| Price | $425.0K | $496.1K |
| Price per sq ft | $246 | $301 |
| Built year | 1992 | 1992 |
| HOA | $0 | $196 |
| Days on market | 21 | 52 |
Jul 1, 2026
$425,000
Initial Listing
Jan 11, 2005
$3,000,000
Public Record