522 Nord 4, Chico, California 95926, Chico, 95926 - 3 bed, 2 bath
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Chico, California 95926
This 3-bedroom condo represents a Strong Value Opportunity, listed at a List Price of $184,000—positioned well below the $200,316 Fair Market Value by 8%. This valuation gap offers $16,316 in Instant Equity for the savvy buyer. With a Condition Rating of 5, the unit is a functional, low-maintenance Buy-and-Hold Asset perfectly situated for high-demand student housing near Chico State. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-utility, accessible rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 522 Nord 4 Subject | $184,000* List Price | 3 | 2 | 960 | $178 | - |
A 1412 N Cherry 2 Active | $205,000 List Price | 3 | 2 | 960 | $214 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1984 (40 years old) and appears to retain its original kitchen cabinetry and bathroom vanities. Per the criteria, properties over 30 years old without significant renovations are classified as poor, as they typically require rehab of dated interiors and aging systems.
Situated just a 5–7 minute walk from Chico State via a direct walking path, this property is perfectly positioned to capture consistent demand from the student rental market.
The 3-bedroom, 2-bathroom configuration provides a high-utility floor plan that maximizes occupancy potential and rental income for investors.
The parking pass system allowing for up to three tenants is a significant value-add in a college-town environment where parking is often scarce and highly sought after.
The monthly HOA fee of $425 is relatively high compared to the listing price, which may impact the net cash flow and overall cap rate for an investor.
With only 960 square feet shared among three bedrooms, the living areas and individual rooms are quite small, which could limit the property's appeal to non-student residents.
This condo presents a solid investment opportunity in a prime Chico location just minutes from Chico State. This upstairs 3-bedroom, 2-bath unit offers a functional layout well-suited for student or rental housing. The living area opens to a front balcony, providing outdoor space and added tenant appeal. The kitchen features laminate flooring and includes a refrigerator, while the in-unit stackable washer and dryer are conveniently located in the hallway closet. The interior is simple and low-maintenance, making it easy to manage as a rental. Parking is convenient, with availability for up to three tenants through a parking pass system, helping ensure each occupant has access to a designated space. Ideally located right next to a walking path that leads directly to Chico State, the unit offers an easy 5–7 minute walk to campus, making it especially attractive for student tenants seeking convenience and accessibility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 960 | - |
| Lot Size | 871 | - |
| Price | $184.0K | $294.7K |
| Price per sq ft | $192 | $250 |
| Built year | 1984 | 0 |
| HOA | $425.0 | $0 |
| Days on market | 35 | 51 |
Jun 17, 2026
$184,000
Initial Listing
Mar 23, 2018
$140,000
Public Record
Oct 19, 2007
$153,000
Public Record