
Chico, California 95973
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $445,000—positioned well below the $458,258 Fair Market Value by 2%. This valuation gap offers $13,258 in Instant Equity. Featuring a Good Condition Rating with recent interior and exterior paint, the home offers a versatile layout with a converted garage and detached shop. Located in the Chico Unified district near top-tier parks, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate value and functional living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2565 Mariposa Avenue Subject | $445,000* List Price | 3 | 2 | 1,596 | $287 | - |
A 16 Tierra Rosa Sold | $442,500 | 3 | 2 | 1,389 | $319 | 0.2 mi |
B 1563 Champlain Way Sold | $507,000 | 3 | 2 | 1,401 | $362 | 0.7 mi |
C 2545 Valhalla Place Sold | $550,000 | 4 | 2 | 1,923 | $286 | 0.4 mi |
D 13 Avante Sold | $460,000 | 3 | 2 | 1,440 | $319 | 0.9 mi |
E 3001 Ashburton Sold | $489,000 | 3 | 2 | 1,540 | $318 | 0.8 mi |
F 5 Marci Way Sold | $450,000 | 3 | 2 | 1,392 | $323 | 0.6 mi |
G 2720 Mariposa Pending | $440,000 List Price | 3 | 2 | 1,417 | $311 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this 19-year-old home falls within the 10-20 year range for a 'Good' rating. It is well-maintained and move-in ready, benefiting from recent cosmetic updates including new interior/exterior paint and updated flooring. While the kitchen and bathrooms appear to be original to the build, they are functional and clean.
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 = 1596.
The property features a unique combination of a converted garage for bonus living area and a separate detached two-car shop, offering exceptional flexibility for a home office, studio, or workshop.
Recently refreshed with new interior and exterior paint plus updated flooring throughout, providing a modern, move-in-ready aesthetic that appeals to today's buyers.
Built in 2005, the property is approaching the 20-year mark, which may necessitate upcoming inspections or maintenance for major components like the roof or HVAC system.
While the location is highly functional and near parks, the immediate view is limited to the surrounding neighborhood, lacking the premium vistas found in other parts of Chico.
Have you ever thought about converting your garage to gain more living space…but then wondered where you’d park or set up your workshop? Here, you don’t have to choose… this property gives you both! The original garage has been converted to add valuable bonus space, perfect for a game room, home office, guest retreat, or creative studio. And just steps away, you’ll find the impressive detached two-car garage/shop, ready for projects, storage, or everyday parking. Inside, the home has been beautifully refreshed with new exterior paint, all-new interior paint, and updated flooring throughout, creating a clean, modern feel from the moment you arrive. Set on a generously sized lot, there’s ample room for RV and boat parking, plus space for all your toys, all secured behind a wrought iron front gate that adds character and curb appeal. Location-wise, it’s hard to beat. Enjoy being within walking distance to Pleasant Valley High School and the Safeway Shopping Center, making everyday errands and school commutes simple. When it’s time to unwind, you’re just minutes from the scenic beauty of Wildwood Park and Upper Bidwell Park. This is more than just a home, it’s a rare blend of flexibility, function, and fresh updates, all in a location that keeps you connected to everything you love.
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 | 1,596 | 1,719 | 38% |
| Lot Size | 8,276.4 | 7,750 | 59% |
| Price | $445.0K | $500.0K | 22% |
| Price per sq ft | $279 | $303 | 25% |
| Built year | 2005 | 2005 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 128 | 3% |
May 11, 2026
$445,000
Initial Listing
Apr 27, 2012
$153,000
Public Record
Aug 25, 2005
$297,000
Public Record
Jan 5, 2005
$100,000
Public Record