
Chico, California 95973
This Single Family Residence in the Amber Grove community is a Strong Value Opportunity, listed at $549,000—positioned well below the $527,756 Fair Market Value by -4%. While the price reflects current market adjustments, the home maintains a Good Condition Rating with recent kitchen updates and a functional 1,656 sqft layout. Featuring an oversized covered patio and double gate for boat/trailer parking, the property offers significant utility. This home is an ideal acquisition for Owner-Occupants seeking a community-focused lifestyle or first-time buyers prioritizing neighborhood quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Silver Lake Drive Subject | $549,000* List Price | 3 | 2 | 1,656 | $319 | - |
A 3134 Lake Mead Court Sold | $490,000 | 4 | 2 | 1,719 | $285 | 0.1 mi |
B 156 Greenfield Drive Sold | $530,000 | 3 | 2 | 1,979 | $268 | 0.1 mi |
C 369 Silver Lake Sold | $645,000 | 3 | 2 | 1,656 | $389 | 0.2 mi |
D 354 Silver Lake Sold | $615,000 | 3 | 2 | 1,774 | $347 | 0.2 mi |
E 493 Autumn Gold Drive Sold | $465,000 | 3 | 2 | 1,705 | $273 | 0.9 mi |
F 356 Chestnut Rose Lane Sold | $500,000 | 4 | 2 | 1,705 | $293 | 0.9 mi |
G 3249 Calistoga Active | $600,000 List Price | 3 | 2 | 1,774 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997, this 27-year-old home is exceptionally well-maintained and functional. The kitchen has been recently refreshed with brand-new quartz countertops, and the interior appears move-in ready. While some cabinetry and appliances reflect the original build date, the addition of leased solar and the overall clean condition of the systems and exterior justify a Good rating.
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 offers exceptional neighborhood connection and is just blocks away from the amenities of Peterson Park.
The lot features a double gate for boat or trailer parking, an oversized covered patio, and low-maintenance landscaping with mature fruit trees, maximizing outdoor functionality.
The property has been on the market for 56 days and has undergone two price reductions, which may lead to buyer concerns regarding its initial valuation or underlying demand.
The solar system is leased rather than owned, requiring the buyer to assume an existing contract which can be a financial deterrent compared to properties with owned solar assets.
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 has been refreshed with brand-new quartz countertops, providing a beautiful and durable workspace while offering generous countertop and cabinet storage. It opens seamlessly to the main living area, where a skylight fills the space with 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. The garage adds additional functionality with a utility sink, built-in workbench, and extra space for projects, hobbies, or storage. 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 | 1,728 | 41% |
| Lot Size | 8,276 | 7,750 | 54% |
| Price | $549.0K | $500.0K | 58% |
| Price per sq ft | $332 | $301 | 81% |
| Built year | 1997 | 2004 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 143 | 8% |
Jun 5, 2026
$549,000
$563,000
-2% Price Drop
Initial Listing
May 7, 2026
$563,000
$575,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$575,000
Initial Listing
May 9, 2022
$505,000
Public Record