3622 Bay Ave, Chico, California 95973, Chico, 95973 - 2 bed, 1 bath
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3622 Bay Ave
Chico, California 95973
ACTIVE
CONDITION: FAIR
2Beds
1Baths
897Sq Ft
41,382Lot Size
Property Price
LIST PRICE$312,500
EST. MARKET VALUE
$319,739
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $312,500—positioned well below the $319,740 Fair Market Value by 2%. This valuation gap offers $7,240 in Instant Equity. Featuring a Fair Condition Rating, the home requires modernization, yet offers significant upside through its expansive 41,382 sqft lot and recent infrastructure upgrades, including a 2020 septic system and 2022 well pump. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in North Chico.
Estimated Market Value
$319,739
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3622 Bay Ave Subject 2 bd · 1 ba · 897 sqft · $356 | $312,500* List Price | 2 | 1 | 897 | $356 | - |
A 3481 Bell Sold 3 bd · 2 ba · 1,104 sqft · $340 · 0.4 mi | $375,000 | 3 | 2 | 1,104 | $340 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The home was built in 1960 and the interior, particularly the kitchen, appears dated and likely exceeds 30 years without a full remodel. While the septic (2020) and well pump (2022) are excellent recent system upgrades, the living space requires significant cosmetic updates and modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41382, living area = 897.
- Expansive Lot Size
Situated on nearly an acre (41,382 sqft), this property offers rare privacy and significant room for expansion, gardening, or ADU potential in North Chico.
- Key Infrastructure Upgrades
The property features a septic system replaced in 2020 and a new well pump installed in 2022, addressing two major capital expenses for rural living.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 897 square feet of living area and a single bathroom, the home's compact footprint may be restrictive for growing families or those needing a home office.
- Renovation Required
The property is noted as needing updates and vision, indicating that the 1960s-built home likely requires additional investment to modernize its interior and systems.
About 3622 Bay Ave
Hard to find and yet here it is waiting for you! Situated on almost an acre, this captivating cottage style home is tucked away like a hidden secret in the heart of North Chico. With room to grow, this property has endless possibilities. The barn is enchanting on it's own but combine that with the open space, the cozy 2 bed, 1 bath home and the country air and quiet evenings you can have the quintessential country experience. Septic was replaced in 2020 and a new well pump was installed in 2022. With some updates and vision this could be your Shangri-La !
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 41,382 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 897 | 1,720.576 |
| Lot Size | 41,382 | 7,994.042 |
| Price | $312.5K | $487.0K |
| Price per sq ft | $348 | $303 |
| Built year | 1960 | 1992 |
| HOA | $0 | $154 |
| Days on market | 6 | 56 |
Pricing History
Listed for Sale
Oct 18, 2026
$312,500
Initial Listing