2875 Pennyroyal, Chico, California 95928, Chico, 95928 - 1 bed, 1 bath
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Chico, California 95928
This Move-In Ready Lakefront Condo is a Strong Value Opportunity, listed at $225,000—positioned well below the $234,812 Fair Market Value by 4%. This valuation gap provides $9,812 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features laminate flooring, a brick fireplace, and private patios with serene lake views. Located in the premier Windmill Falls community within the Chico Unified School District, residents enjoy access to pools and scenic trails. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2875 Pennyroyal Subject | $225,000* List Price | 1 | 1 | 715 | $328 | - |
A 2932 Pennyroyal Drive Active | $264,900 List Price | 2 | 2 | 904 | $293 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained despite its 1983 construction. It features updated laminate flooring, central HVAC, and a clean interior with no immediate repairs required. While the kitchen and bathroom styles are somewhat dated—featuring white appliances and older cabinetry—they are in functional condition. The property benefits from recent community-wide improvements including new roofs and paved roads, supporting a 'good' condition rating.
Situated in the highly desirable California Park community, this corner-unit condo offers serene lake views and immediate access to scenic walking trails, lakes, and parks.
The interior features stylish laminate flooring, central HVAC, a cozy brick fireplace, and in-unit laundry, complemented by an attached one-car garage for added convenience.
The Windmill Falls complex has recently undergone significant upgrades, including new roofs and newly paved roads, reducing the likelihood of immediate special assessments.
The monthly HOA fee of $650 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
With only 715 square feet and a single bedroom, the property offers limited flexibility for those requiring a home office or guest space, narrowing the target market.
Welcome home! This move-in ready 1-bedroom, 1-bathroom corner-unit condo with lake views offers a peaceful retreat in the sought-after Windmill Falls community of California Park. Located on the upstairs level, this single-story home provides easy living with access to nearby lakes, scenic trails, parks, and a refreshing community pool. Inside, you’ll find stylish laminate flooring, central heating and air, a cozy brick fireplace, ceiling fans, and convenient in-unit laundry. The open-concept layout flows naturally to two private patios overlooking beautifully maintained grounds. A standout feature is the charming garden window in the living area, the perfect spot to enjoy morning coffee or unwind at the end of the day. Enjoy low-maintenance living with the HOA covering exterior maintenance, while recent community improvements include new roofs throughout the complex and newly paved roads. The home also includes an attached 1-car garage for added convenience. Residents of Windmill Falls enjoy access to a sparkling pool, BBQ area, and miles of scenic walking trails winding around the lakes, creating a lifestyle that blends comfort, nature, and convenience. Whether relaxing at home or exploring the surrounding California Park amenities, this property offers a wonderful opportunity to enjoy one of Chico’s most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 22% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 715 | 1,300 | 11% |
| Lot Size | 871 | 1,307 | 44% |
| Price | $225.0K | $290.0K | 11% |
| Price per sq ft | $315 | $268 | 56% |
| Built year | 1983 | 1989 | 22% |
| HOA | $650.0 | $565 | 89% |
| Days on market | 42 | 96 | 11% |
Mar 11, 2026
$225,000
Initial Listing
Nov 5, 2004
$160,000
Public Record
Apr 26, 2002
$85,000
Public Record
Jan 31, 2002
$72,500
Public Record