
Chico, California 95973
This Functional Single-Family Residence offers a premier lifestyle within the highly sought-after Amber Grove community, listed at $575,000. While the price sits above the $470,935 Fair Market Value, it reflects the significant premium of this Prime Neighborhood Location just blocks from Peterson Park. Maintaining a Fair Condition Rating, the home is move-in ready while providing a solid foundation for custom updates. With an oversized covered patio, leased solar, and dedicated boat parking, the property excels in outdoor utility. This is a perfect opportunity for Owner-Occupants or first-time buyers seeking long-term stability in the Chico Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Silver Lake Drive Subject | $575,000* List Price | 3 | 2 | 1,656 | $284 | - |
A 3134 Lake Mead Court Sold | $490,000 | 4 | 2 | 1,719 | $285 | 0.1 mi |
B 354 Silver Lake Sold | $615,000 | 3 | 2 | 1,774 | $347 | 0.2 mi |
C 457 Henshaw Sold | $422,000 | 4 | 2 | 1,705 | $248 | 0.9 mi |
D 356 Chestnut Rose Lane Sold | $500,000 | 4 | 2 | 1,705 | $293 | 0.9 mi |
E 338 Royal Glen Sold | $435,000 | 3 | 2 | 1,346 | $323 | 0.4 mi |
F 300 Crater Lake Drive Sold | $637,000 | 3 | 2 | 1,960 | $325 | 0.2 mi |
G 3249 Calistoga Active | $615,000 List Price | 3 | 2 | 1,774 | $347 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this property is well-maintained and move-in ready but remains largely in its original state. The kitchen features dated oak cabinetry, tile countertops with wood trim, and older white appliances, while the bathrooms also reflect 1990s styling. Although there are some minor updates like newer light fixtures and a clean interior, the overall aesthetic and major components are nearly 30 years old and show signs of being outdated, fitting the criteria for a fair condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1656.
Situated in the highly sought-after Amber Grove community, the property benefits from a strong sense of neighborhood connection and close proximity to Peterson Park's amenities.
The backyard features an oversized covered patio and a double gate providing dedicated boat or trailer parking, offering exceptional functionality for outdoor enthusiasts.
The property is marketed as a 'solid foundation for personalization,' suggesting that buyers may need to budget for interior updates to modernize the 1997 finishes.
The home includes a leased solar system, which requires the buyer to assume an existing contract and ongoing monthly obligation, rather than owning the equipment outright.
Welcome to 241 Silver Lake Dr., a home set within Chico’s highly sought-after Amber Grove community, where neighborhood connection and everyday living come together in a way that’s hard to replicate. Known for its seasonal traditions, community events, and welcoming atmosphere, this is more than just a place to live, it’s a place people truly enjoy calling home. Inside, the home offers a functional and inviting layout designed for everyday ease. The kitchen provides generous countertop and cabinet space and opens to the main living area, where a skylight brings in natural light and a cozy fireplace with a brick mantle creates a warm, comfortable focal point. The flow feels natural, making it easy to move from space to space and settle in. The 3-bedroom, 2-bathroom layout offers flexibility for a variety of needs, while features like leased solar contribute to the home’s overall efficiency. The design provides a solid foundation for those looking to personalize a home within one of Chico’s most desirable neighborhoods. Outdoors, the backyard offers a quiet space to unwind with low-maintenance landscaping, mature greenery, and an oversized covered patio that extends your living space. A double gate provides covered boat or trailer parking, along with additional shed storage for added functionality, while apricot and lemon trees add a touch of character and seasonal enjoyment. Just blocks away, Peterson Park offers open green space, a playground, basketball court, and room to gather, play, and connect. Set within a neighborhood known for its pride of ownership and strong sense of community, this home offers the opportunity to step into a location that continues to be one of Chico’s most loved.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,656 | 1,705 | 46% |
| Lot Size | 8,276 | 8,200 | 50% |
| Price | $575.0K | $490.0K | 66% |
| Price per sq ft | $347 | $301 | 86% |
| Built year | 1997 | 2001 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 180 | 1% |
Apr 10, 2026
$575,000
Initial Listing
May 9, 2022
$505,000
Public Record