
Chico, California 95928
This property presents a Strong Value Opportunity with a List Price of $399,000—positioned well below the $426,627 Fair Market Value by 6%. This valuation gap offers $27,627 in Instant Equity for buyers ready to execute a renovation. With a Condition Rating of 5, the home requires interior finishes, yet features a solar system, tile roof, and a private creek-view lot. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with significant upside.
Property is extensive renovation needed.
Built in 1993 (31 years old), this property requires a full interior rehab. All carpeting has been removed leaving bare subfloors, and the kitchen and bathrooms feature original, dated cabinetry and fixtures. The listing explicitly states it is an 'as-is' sale needing restoration to be made livable.
The property includes a solar system and a durable tile roof, providing the new owner with significant long-term utility savings and reduced maintenance costs.
Positioned with no neighbors directly behind, the home offers enhanced privacy and serene views of the neighborhood creek and stream, a rare find in Olive Grove Estates.
Priced to sell as a Trust sale, the home has already undergone a full cleanout and carpet removal, offering a blank canvas for buyers to build immediate equity through cosmetic updates.
The property is sold in as-is condition with all carpeting removed, necessitating an immediate investment in flooring and interior finishes before the home is move-in ready.
The once-lush landscaping and koi pond require significant restoration and labor to return the outdoor spaces to their full potential and aesthetic appeal.
Opportunity awaits in desirable Olive Grove Estates, just off Bruce Road! Built in 1993, this spacious 3-bedroom, 2-bath home offers 1,888 square feet of living space and plenty of potential to make it your own. Features include a living room fireplace, tile roof, solar system, separate laundry room with washer and dryer, and an attached 2-car garage. Once a lush retreat, the front and back yards feature established landscaping ready to be refreshed and personalized. With no neighbor directly behind, the backyard also features a pond previously used for koi fish and equipped with a pump reportedly valued at approximately $4,000. This Trust sale is priced to sell and offered in its present as-is condition. A full cleanout of the home has been completed, including removal of the carpeting, giving the next owner a head start. Bring your vision and restore this home to its full glory!
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 | 1,888 | 1,721.208 |
| Lot Size | 6,969.6 | 8,138.524 |
| Price | $399.0K | $494.6K |
| Price per sq ft | $211 | $304 |
| Built year | 1993 | 1992 |
| HOA | $0 | $166 |
| Days on market | 16 | 54 |
Aug 24, 2026
$399,000
Initial Listing
Feb 19, 1999
$159,500
Public Record