
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $439,000—positioned well below the $457,576 Fair Market Value by 4%. This valuation gap offers $18,576 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates to modernize the interior, providing a clear path to forced appreciation. With its Mediterranean-style architecture and desirable location in the Chico Unified district, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 344 Mission Serra Terrace Subject | $379,500* List Price | 3 | 3 | 1,797 | $193 | - |
A 331 Mission Serra Terrace Sold | $480,000 | 3 | 3 | 1,797 | $267 | 0.0 mi |
B 34 Pebblewood Pines Drive Sold | $355,000 | 3 | 3 | 1,889 | $188 | 0.5 mi |
C 33 Pebblewood Pines Sold | $295,000 | 2 | 2 | 1,487 | $198 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this 29-year-old property is functional and move-in ready but remains largely in its original state. The kitchen features dated tile countertops and older white appliances, and the listing agent explicitly mentions the need for cosmetic updates to build equity, which aligns with the Fair criteria for homes over 20 years old needing modernization.
As the lowest-priced home of its floorplan in the subdivision, this property offers significant equity-building potential for buyers willing to invest in minor cosmetic updates.
The Mediterranean-style design features soaring ceilings and large picture windows that create a bright, airy, and spacious atmosphere throughout the main living areas.
The home boasts a durable tile roof, stucco exterior, and an easy-care yard, making it an ideal choice for those seeking a high-quality residence with minimal upkeep.
The interior requires cosmetic refreshments to modernize the space, which may necessitate an additional immediate investment from the buyer.
With a lot size of 3,920 square feet, the yard is relatively compact, which may not suit buyers looking for extensive gardening space or large play areas.
Welcome to this charming two-story Mediterranean-style home located in one of Chico's most desirable neighborhoods, just minutes from shopping, restaurants, and everyday conveniences. Offering approximately 1797 square feet, this inviting three-bedroom, two-and-a-half bath home features a spacious, light-filled floor plan with soaring ceilings and an impressive great room accented by a large picture window that fills the home with natural light. The generously sized country kitchen offers abundant cabinet and counter space and opens to the dining area and great room, making it ideal for both everyday living and entertaining. An additional room provides flexibility and can easily serve as a formal dining room, family room, home office or bonus living space. Additional highlights include a cozy gas-log fireplace, convenient indoor laundry and an attached two-car garage. Upstairs, the spacious primary suite features two closets and an en-suite with dual sinks, a relaxing soaking tub, and a separate shower. Two additional generously sized bedrooms and a full guest bath complete the upper level. Outside, you'll appreciate the durable tile roof, low-maintenance stucco exterior and easy-care yard. The charming pergola draped with mature wisteria creates a wonderful outdoor shaded space. Best of all, this is the very lowest-priced home of this floorplan in the subdivision! With just a few cosmetic updates, this property offers an outstanding opportunity to build equity while enjoying one of Chico's most sought-after neighborhoods. Don't miss this exceptional value--schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,797 | 1,721.208 |
| Lot Size | 3,920 | 8,138.524 |
| Price | $379.5K | $494.6K |
| Price per sq ft | $211 | $304 |
| Built year | 1995 | 1992 |
| HOA | $108.0 | $166 |
| Days on market | 48 | 54 |
Aug 17, 2026
$379,500
$415,000
-9% Price Drop
Initial Listing
Jul 31, 2026
$415,000
$439,000
-5% Price Drop
Initial Listing
Jul 23, 2026
$439,000
Initial Listing
Mar 22, 2000
$179,000
Public Record