
Chico, California 95973
This property presents a High-Potential Investment Opportunity with a List Price of $299,995—positioned well below the $301,430 Fair Market Value by 0.48%. Featuring a Fair Condition Rating, the home requires significant interior renovation, yet offers 8,276 sqft lot size and ADU potential with existing sewer connectivity. Essential upgrades like dual-pane windows and central HVAC provide a solid foundation for value-add projects. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2565 White Avenue Subject | $299,995* List Price | 3 | 2 | 1,127 | $267 | - |
A 25 Franciscan Way Sold | $300,000 | 4 | 2 | 1,252 | $240 | 0.5 mi |
B 2754 Ceres Avenue Sold | $355,000 | 3 | 2 | 1,039 | $342 | 0.9 mi |
C 3024 Burnap Avenue Sold | $315,000 | 2 | 1 | 970 | $325 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959 with a kitchen and bathrooms that appear original or over 30 years old. While the property features updated HVAC and a tankless water heater, the interior finishes, worn hardwood floors, and dated wallpaper require a full rehab, as confirmed by the listing's 'as-is' status and call for 'renovation magic'.
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 = 1127.
Priced competitively under $300,000, this property offers a rare entry-level opportunity in Chico with significant potential for sweat equity and value appreciation through renovation.
The oversized 8,276 sqft lot is already connected to the city sewer—a rarity for the area—providing ample space and infrastructure for a potential Accessory Dwelling Unit (ADU) to generate rental income.
The interior requires significant updating and cosmetic repairs to bring it up to modern standards, which will necessitate immediate additional capital investment from the buyer.
The property is being sold in its current condition with no seller repairs or improvements, which may complicate financing for buyers using FHA or VA loans that have strict habitability requirements.
Think you can't afford to buy a home in Chico? Think again, with this sturdy 3-bedroom, 2-bathroom house with ENORMOUS back yard, 2-car garage and hardwood floors in living room, hallway and all bedrooms! It's true – this home needs some love and definitely some updating, but the buyer who's willing to invest some resources and effort can end up with a pretty sweet little home close to schools, shopping, restaurants and easy freeway access. Same family has owned the property since 1964 and has installed dual-pane windows, central air conditioning/heating, and a tankless water heater. Now check out the back yard, with an extremely spacious patio cover, perfect for entertaining, a hot tub or just plain fun outdoor living. Plenty of room for play structures or a soccer goal. If gardening's your thing, you'll be astounded by the enclosed garden with nearby water, just waiting for the next crop of whatever you decide to plant! Consider an ADU in the yard for extra income and a faster mortgage paydown – there's plenty of room and the property is hooked up to the sewer though many around it are not. A great starter home, awaiting your renovation magic! Don't let someone else beat you to it – because at this price, you can bet many will try! House will be sold as-is. Owner will make no repairs nor improvements.
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 | 1,127 | 1,797 |
| Lot Size | 8,276 | 8,276 |
| Price | $300.0K | $496.1K |
| Price per sq ft | $266 | $301 |
| Built year | 1959 | 1992 |
| HOA | $0 | $196 |
| Days on market | 6 | 52 |
Jul 16, 2026
$299,995
Initial Listing