
Chico, California 95926
This Chico Charmer represents a Strong Value Opportunity, listed at $450,000—positioned well above the $401,920 Fair Market Value by 11%. While currently priced above market, the property offers a Condition Rating of 3 with significant upgrades, including a detached ADU with a mini-split system. The Avenues location near Enloe Medical Center provides high rental demand and lifestyle appeal. This versatile asset is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for a flexible, move-in ready home with guest quarters.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 234 W 3rd Subject 2 bd · 2 ba · 1,155 sqft · $345 | $450,000* List Price | 2 | 2 | 1,155 | $345 | - |
A 146 W 7th Avenue Sold 2 bd · 1 ba · 876 sqft · $377 · 0.3 mi | $330,000 | 2 | 1 | 876 | $377 | 0.3 mi |
B 1826 Magnolia Sold 2 bd · 1 ba · 983 sqft · $361 · 0.5 mi | $354,500 | 2 | 1 | 983 | $361 | 0.5 mi |
C 119 W 11th Avenue Sold 2 bd · 1 ba · 930 sqft · $429 · 0.6 mi | $399,000 | 2 | 1 | 930 | $429 | 0.6 mi |
D 486 E 5th Avenue Sold 3 bd · 2 ba · 1,059 sqft · $347 · 0.5 mi | $367,000 | 3 | 2 | 1,059 | $347 | 0.5 mi |
E 1421 Hobart Street Sold 3 bd · 2 ba · 1,248 sqft · $288 · 0.3 mi | $360,000 | 3 | 2 | 1,248 | $288 | 0.3 mi |
F 243 W 3rd Avenue Sold 3 bd · 2 ba · 1,261 sqft · $301 · 0.0 mi | $380,000 | 3 | 2 | 1,261 | $301 | 0.0 mi |
G 1017 Windsor Sold 3 bd · 2 ba · 1,215 sqft · $300 · 1.0 mi | $365,000 | 3 | 2 | 1,215 | $300 | 1.0 mi |
H 271 E 7th Avenue Active 2 bd · 1 ba · 861 sqft · $424 · 0.4 mi | $364,900 List Price | 2 | 1 | 861 | $424 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1931, the property has been well-maintained with key updates including a renovated kitchen and bathroom, Anderson windows, and a modern mini-split HVAC system in the detached ADU. The interior features fresh fixtures and move-in ready finishes, placing it in the 5-15 year renovation category.
The property includes a detached versatile space with a full bathroom and mini-split system, offering excellent potential for rental income, a home office, or guest quarters.
Situated in the highly desirable Avenues neighborhood, the home boasts exceptional proximity to Enloe Medical Center, downtown Chico, and popular local parks.
This 1931 'Chico Charmer' features high-quality updates including Anderson windows, a remodeled kitchen and bathroom, and original hardwood floors, blending classic aesthetics with modern comfort.
The main residence offers only two bedrooms and one bathroom, which may be a constraint for growing families or buyers requiring more interior living space.
With two price reductions within the first 35 days of listing, the property has faced initial challenges in aligning with current market value expectations.
A detached studio ADU adds exceptional versatility to this Chico charmer in the Avenues neighborhood. Complete with a full bathroom and its own mini-split heating and air system, the ADU complements the inviting 2-bedroom, 1-bathroom main home at 234 W. 3rd Avenue, offering flexible space for extended family, guests, or rental opportunities. Inside the main home you will find hardwood floors, Anderson windows, an updated kitchen and bathroom, generous bedrooms and closets (with shelving), fresh ceiling fixtures, and bay-window seat (with hidden storage). A separate sunroom, with laundry connection, is a bonus space to enjoy, as well as the oversized, covered front porch. Outside, the shaded, low-maintenance backyard is a peaceful retreat (especially welcome during Chico summers) along with gutters with guards and a low-water-use landscape. The covered carport with a garage door provides privacy, security, and peace of mind while offering covered parking, with several additional parking spots in the large driveway. Then there’s the location. You’re right in the heart of the Aves, close to Enloe Medical Center and just minutes from neighborhood parks, downtown Chico, and more. Nearby Enloe Park is a sweet bonus for families, with room for kiddos to play and seasonal decorations that make it especially fun around the holidays. Charming, flexible, and wonderfully Chico, 234 W. 3rd Avenue is ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,155 | 1,720.576 |
| Lot Size | 4,356 | 7,994.042 |
| Price | $450.0K | $487.0K |
| Price per sq ft | $390 | $303 |
| Built year | 1931 | 1992 |
| HOA | $0 | $154 |
| Days on market | 75 | 56 |
Aug 27, 2026
$450,000
$455,000
-1% Price Drop
Initial Listing
Aug 12, 2026
$455,000
$465,000
-2% Price Drop
Initial Listing
Aug 10, 2026
$465,000
Initial Listing
Sep 15, 2023
$417,000
Public Record
Jul 10, 2009
$240,000
Public Record
Jul 7, 2004
$285,000
Public Record
Aug 17, 1999
$115,000
Public Record