
Chico, California 95973
This Single Family Residence is a Strong Value Opportunity, listed at $349,900—positioned well below the $364,901 Fair Market Value by 4%. This valuation gap offers $15,001 in Instant Equity. Featuring a Condition Rating of 3, the home includes 2022 interior updates and a versatile 200 sq. ft. bonus garage space. Located in the Chico Unified district, this property balances modern interior comfort with significant potential for personalization. It is an ideal acquisition for first-time buyers or investors seeking a stable, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39 Franciscan Subject | $349,900* List Price | 3 | 2 | 1,092 | $334 | - |
A 598 El Reno Drive Sold | $367,000 | 3 | 2 | 1,440 | $255 | 0.4 mi |
B 744 Kings Canyon Sold | $450,000 | 3 | 2 | 1,374 | $328 | 0.8 mi |
C 306 Henshaw Avenue Sold | $452,000 | 3 | 2 | 1,408 | $321 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1958, the home underwent a notable update in 2022 (less than 5 years ago) featuring new flooring throughout, updated bathroom finishes, and new kitchen appliances like a dishwasher and microwave hood. The interior is clean, functional, and move-in ready, though the exterior yard and garage remain basic.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1092.
Extensively updated in 2022 with new flooring, modern bathroom finishes, and kitchen appliances, offering a move-in-ready experience and reducing immediate renovation costs.
The oversized garage includes an additional 200 square feet of flexible space, ideal for a workshop, home office, or hobby studio, which is a rare find in this price range.
At 1,092 square feet for a three-bedroom home, the interior living areas and bedrooms may feel restrictive for larger families or those seeking spacious common areas.
Built in 1958, the property may have aging underlying systems such as plumbing or electrical that could require future maintenance despite the recent aesthetic updates.
Welcome to 39 Franciscan Way! This home offers comfort, functionality, and exceptional value in one of Chico's established northside neighborhoods. Thoughtfully updated in 2022 with new flooring throughout, new dishwasher, vented microwave range hood and updated bathroom finishes, this home blends modern updates with everyday comfort. The attractive front yard features a lush lawn, rose bushes, and a beautiful shade tree that enhances the home's curb appeal, while the driveway and attached two-car garage provide plenty of parking for family and guests. Step inside and discover a bright, inviting floor plan designed for comfortable living. The living room is anchored by a cozy fireplace, creating a warm gathering space, while the adjoining dining area and kitchen flow seamlessly together for everyday living and entertaining. Two hallway closets provide an abundance of storage space rarely found in homes of this size. One of the standout features of this property is the oversized two-car garage, which includes nearly 200 square feet of additional bonus space at the rear. Complete with double-door access for larger equipment and project materials, a separate pedestrian entrance, and direct access to the backyard, this versatile area offers endless possibilities. Whether you envision a workshop, hobby room, craft studio, home office, fitness area, storage room, or project space, this bonus area provides the flexibility today's buyers are seeking and serves as a valuable extension of the home. Step outside to the spacious, fully fenced backyard where there's ample room for pets, gardening, outdoor entertaining, play equipment, or simply relaxing in your own private retreat. The generous lot offers plenty of opportunities to personalize the outdoor space to fit your lifestyle. Located on a quiet horseshoe-shaped street with minimal through traffic, this home offers an ideal balance of neighborhood tranquility and everyday convenience. You'll enjoy easy access to parks, schools, shopping, restaurants, medical services, and Highway 99. Chico's renowned amenities, including Bidwell Park's miles of hiking and biking trails, golf courses, community events, Downtown Chico, and California State University, Chico, are all just minutes away. Homes in this affordable price range are becoming increasingly difficult to find. Whether you're a first-time homebuyer, downsizing, or investing, this home offers an exceptional combination of value, versatility, and location.
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 | 1,092 | 1,797 |
| Lot Size | 8,276 | 8,276 |
| Price | $349.9K | $496.1K |
| Price per sq ft | $320 | $301 |
| Built year | 1958 | 1992 |
| HOA | $0 | $196 |
| Days on market | 28 | 52 |
Jun 24, 2026
$349,900
Initial Listing
Nov 29, 2022
$338,000
Public Record