
Chico, California 95926
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $479,900—positioned well above the $424,616 Fair Market Value by -13%. While the price reflects a premium, the property features a Condition Rating of 4, highlighted by a modern 23-panel owned solar system and a versatile outdoor studio shed. Located in the desirable Mission Ranch neighborhood, this home offers a peaceful courtyard and mature landscaping. It is an ideal acquisition for Owner-Occupants seeking a sustainable lifestyle or first-time buyers prioritizing energy efficiency and location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 Mission Serra Terrace Subject | $479,900* List Price | 3 | 3 | 1,797 | $236 | - |
A 505 Mission Santa Fe Sold | $544,000 | 3 | 2 | 1,917 | $284 | 0.3 mi |
B 451 Hideaway Sold | $429,000 | 3 | 2 | 1,394 | $308 | 0.3 mi |
C 14 Knotts Glen Court Sold | $450,000 | 3 | 2 | 1,494 | $301 | 0.3 mi |
D 1017 Windsor Sold | $365,000 | 3 | 2 | 1,215 | $300 | 0.9 mi |
E 311 Mission Serra Pending | $525,000 List Price | 3 | 2 | 1,917 | $274 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994 (30 years old), the property is exceptionally well-maintained but remains aesthetically dated. The kitchen features older white cabinetry, a fluorescent light box, and original 'smooth style' countertops. While the home is move-in ready and includes a modern 23-panel solar system, the age of the primary systems and the need for cosmetic updates to the kitchen and baths align with the fair criteria.
The property includes a 23-panel owned solar system, offering significant long-term energy savings and increasing the home's overall value and sustainability.
Situated on a corner lot in the desirable Mission Ranch neighborhood, the home boasts mature landscaping, a peaceful water feature, and close proximity to downtown Chico and the hospital.
The interior features impressive cathedral ceilings and abundant natural light, complemented by a versatile outdoor studio shed that adds unique functional space for hobbies or crafts.
At 5,227 square feet, the lot is relatively small for the area, which may limit outdoor recreational space or future expansion possibilities for some buyers.
The property is subject to a monthly association fee and neighborhood regulations, which may impose restrictions on owner autonomy and add to the monthly carrying costs.
Beautiful well cared for home in the lovely Mission Ranch neighborhood. In close proximity to shopping, the hospital and downtown access. There are walking and biking trails. The home is well shaded with gorgeous mature trees, and includes a 23 panel owned SOLAR. Inside you have a gorgeous cathedral ceiling in the living room and dining area, and then find your way into a more cozy family room with a fireplace. The kitchen is very generous in size with ample storage plus quartz countertops, for easy clean up. There is a half bath down stairs along with a laundry room and extra storage under the staircase. Upstairs you have the primary ensuite with a walk-in closet, sitting area, and lovely bathroom with a walk-in shower and soaking tub. The other two bedrooms are roomy and there is an upstairs hallway bathroom as well. The home offers tremendous natural lighting, charm, and character. Outside, the yard is amazingly manicured and includes a peaceful water feature and pond. There is a small yet wonderful shed that matches the home and is ideal for a paint studio, crafts, or other uses. In the front, before entering the home, is a relaxing and inviting courtyard. This corner lot property is one you must see. Go and take your time as you picture your daily life at 331 Mission Serra Ter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,797 | 1,617 | 64% |
| Lot Size | 5,227 | 7,841 | 19% |
| Price | $479.9K | $439.5K | 61% |
| Price per sq ft | $267 | $289 | 38% |
| Built year | 1994 | 1972 | 84% |
| HOA | $108.0 | $0 | 91% |
| Days on market | 0 | 128 | 3% |
May 22, 2026
$479,900
Initial Listing
May 24, 2002
$241,500
Public Record
Sep 12, 1997
$139,000
Public Record