
Chico, California 95973
This Private Ranch-Style Retreat is a Strong Value Opportunity, listed at $475,000—positioned well below the $492,037 Fair Market Value by 3%. This valuation gap offers $17,037 in Instant Equity. The property maintains a Move-In Ready Condition Rating, featuring a Modernized Granite Kitchen, stainless appliances, and an expansive 1.5-Acre Lot within the Chico Unified School District. Complete with a serene Patio and cul-de-sac privacy, it perfectly balances lifestyle and equity growth. This is an ideal acquisition for Owner-Occupants or First-Time Buyers.
Property is move-in ready.
The property is move-in ready and well-maintained. It features a modernized kitchen with granite countertops, a center island, and stainless steel appliances. The living room has been updated with smooth walls and recessed lighting. While the home was built in 1971 and some elements like the bathroom tile and cabinetry show their age, the overall condition is high with no immediate renovations required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 66211, living area = 1573.
Situated on over 1.5 acres at the end of a quiet cul-de-sac and backing onto a levee, this property offers exceptional privacy and outdoor space rarely found in residential Chico.
The home boasts a beautifully updated kitchen with granite countertops, stainless steel appliances, and a center island, along with a living room featuring smooth walls and a custom fireplace.
The garage has been converted into living and workshop space, which may be a disadvantage for buyers who prioritize enclosed vehicle parking.
Built in 1971, the property may require ongoing maintenance or future upgrades to its original infrastructure and systems compared to more modern constructions.
Welcome to 3123 Michael Way – a charming home tucked at the end of a peaceful cul-de-sac! This property offers a rare combination of privacy, space, and convenience. The home sits back from the street, on a huge lot against the levee, surrounded by mature trees and lush landscaping that create a truly tranquil setting. Step inside to a beautifully updated living room featuring smooth walls, a stunning fireplace with a wood stove insert, a custom mantel, and picture windows on either side that frame peaceful views of the backyard. Through the arched doorway, you'll find a spacious kitchen ideal for entertaining and family gatherings. It includes lots of cabinetry, stainless steel appliances, granite countertops, a tile backsplash, a center island, and a generous dining area with two sliding glass doors that open to the serene backyard. The split floor plan offers excellent functionality, with two guest bedrooms and a large guest bathroom on one side, and the private primary suite on the other. The primary bedroom includes an en-suite bath with a vanity area and expanded space thanks to a garage conversion, which also added a workshop area and plenty of storage. The backyard is truly special—expansive, quiet, and filled with mature landscaping, shaded areas, a patio perfect for outdoor dining and a garden area. All this, just minutes from schools, shopping, parks, and bike paths—yet with a sense of privacy that makes this home feel like a peaceful getaway.
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 | 1,573 | 1,705 | 42% |
| Lot Size | 66,211 | 8,200 | 93% |
| Price | $475.0K | $487.0K | 47% |
| Price per sq ft | $302 | $301 | 51% |
| Built year | 1971 | 2001 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 180 | 1% |
Apr 6, 2026
$475,000
Initial Listing
Oct 19, 1994
$44,500
Public Record