
Chico, California 95926
This property presents a High-Potential Investment Opportunity with a List Price of $275,000—positioned well below the $278,677 Fair Market Value by 1%. This valuation gap offers $3,677 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant Development Potential & Parking via alley access and a detached garage with ADU potential. While the interior is compact, the Historic Character and central location provide a unique value-add foundation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 482 East 5th Avenue Subject | $275,000* List Price | 3 | 1 | 868 | $321 | - |
A 470 E 10th Avenue Sold | $299,000 | 2 | 1 | 814 | $367 | 0.4 mi |
B 135 W 9th Ave Sold | $311,000 | 2 | 1 | 938 | $332 | 0.5 mi |
C 146 W 7th Avenue Pending | $320,000 List Price | 2 | 1 | 876 | $365 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1917, this property shows signs of aging with dated interior finishes and a vintage kitchen. The presence of wall heaters instead of central HVAC and the overall need for cosmetic and yard updates align with the fair category.
The property features alley access, dedicated boat/RV parking, and a detached garage with ADU potential, offering significant value-add opportunities on a spacious lot.
Built in 1917, this home offers unique architectural personality, including a decorative entrance gate and a bedroom loft, appealing to buyers seeking a non-traditional aesthetic.
Situated in the heart of Chico, the home is set back from the street behind a gate, providing a rare balance of urban convenience and secluded living.
With only 868 square feet of living space distributed across three bedrooms, the interior layout may feel cramped and lacks the scale typical of modern three-bedroom homes.
The single-bathroom configuration for a three-bedroom residence may pose functional challenges for families or roommates and could impact resale value.
Full of old school character and tucked away in the heart of Chico. This charming 3-bedroom home sits back from the street behind a decorative entrance gate, creating a sense of privacy while still being close to everything Chico has to offer. Inside, you’ll find a unique and inviting layout, including one bedroom with its own loft space, perfect for a reading nook, creative space, extra storage, or a fun hideaway. Outside, the good-sized lot offers plenty of room to enjoy and make your own, with mature shade and space to make the yard your own. Alley access leads to a detached 1-car garage with tons of additional storage, plus convenient boat or RV parking and potential to make it into an ADU. With city sewer, a spacious lot, great off-street parking options, and a central Chico location, this home has so much potential and personality. If you’ve been looking for something that feels a little different from the typical cookie-cutter home, this one is definitely worth a look.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 868 | 1,721.208 |
| Lot Size | 4,356 | 8,138.524 |
| Price | $275.0K | $494.6K |
| Price per sq ft | $317 | $304 |
| Built year | 1917 | 1992 |
| HOA | $0 | $166 |
| Days on market | 13 | 54 |
Aug 27, 2026
$275,000
Initial Listing
Oct 31, 2017
$241,000
Public Record
May 31, 2005
$235,000
Public Record
Mar 18, 2003
$150,000
Public Record
Sep 1, 2000
$89,000
Public Record