
Oroville, California 95966
This Versatile Single-Family Residence represents a Strong Value Opportunity, listed at $549,999—positioned well below the $593,352 Fair Market Value by 7%. This valuation gap provides $43,353 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes modern infrastructure like owned solar (2022) and an updated granite kitchen. With its panoramic Lake Oroville views and a walk-out lower-level suite, this property is an ideal acquisition for Owner-Occupants or multi-generational families seeking a high-utility, scenic retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5360 Treasure Hill Subject 3 bd · 4 ba · 3,549 sqft · $167 | $549,999* List Price | 3 | 4 | 3,549 | $167 | - |
A 5419 Royal Oaks Sold 3 bd · 3 ba · 3,165 sqft · $183 · 0.1 mi | $580,000 | 3 | 3 | 3,165 | $183 | 0.1 mi |
B 5370 Royal Oaks Drive Active 3 bd · 3 ba · 2,978 sqft · $178 · 0.0 mi | $530,000 List Price | 3 | 3 | 2,978 | $178 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The home was built in 1985 but is well-maintained and move-in ready. It features key system upgrades including a newer roof, newer HVAC, and owned solar installed in 2022. The kitchen and primary bathroom have been updated with granite countertops, modern appliances, and contemporary finishes, though some traditional cabinetry remains.
The property boasts breathtaking panoramic views of Lake Oroville and Bidwell Canyon Marina, featuring an expansive composite deck that maximizes the home's premier hillside position.
Equipped with owned solar (2022), a newer roof, and updated HVAC systems, this home offers significant energy savings and peace of mind regarding major capital expenditures.
The walk-out lower level includes a kitchenette, media room, and two bedrooms, providing a perfect setup for multi-generational living, guest quarters, or a premium entertainment hub.
Given the steep terrain required for the views, the 8,276 sqft lot offers minimal flat yard space, which may not appeal to buyers seeking traditional garden or play areas.
A significant $50,000 price reduction within the first two weeks of listing suggests the property is still finding its market value amidst current local economic conditions.
Breathtaking Views overlooking Bidwell Canyon Marina and Lake Oroville! This beautifully appointed home offers an incredible opportunity to enjoy stunning views overlooking the Lake from an expansive composite deck that is perfect for relaxing, entertaining, and taking in the scenery. Inside, an open-concept floor plan creates a welcoming flow throughout the main level, featuring a spacious primary suite, an updated kitchen, and a convenient laundry room. The updated kitchen is designed for both everyday living and entertaining, with a massive island, granite countertops, electric induction cooktop, double ovens, microwave, trash compactor, and built-in recycling and trash bins. A refrigerator and freezer are conveniently located in the updated laundry area, offering an abundance of storage and functionality. The home’s versatile lower level provides an incredible additional living and entertaining space, complete with a media room, kitchenette, professionally installed pool table, and wiring for a projector. A sliding barn door adds character and separates the lower-level living area. This level also features two bedrooms and two bathrooms, making it ideal for guests, extended family, or a private entertainment retreat. The home offers thoughtful upgrades throughout, including an updated upstairs primary bathroom with dual sinks and a heated towel rack, plus bidets in both upstairs bathrooms. There are laundry facilities on both levels, including a convenient stackable washer and dryer downstairs. Additional features include owned solar installed in 2022, a three-car garage, newer HVAC and roof, central vacuum, and two fireplaces one serving the main level and another downstairs. With generous living spaces, an abundance of amenities, and an unforgettable view, this home combines comfort, functionality, and an exceptional Lake Oroville setting. The view and outdoor deck truly make this property a must-see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,549 | 1,400.158 |
| Lot Size | 8,276 | 12,679.525 |
| Price | $550.0K | $324.8K |
| Price per sq ft | $155 | $227 |
| Built year | 1985 | 1971 |
| HOA | $30.0 | $36 |
| Days on market | 38 | 71 |
Sep 29, 2026
$549,999
$599,999
-8% Price Drop
Initial Listing
Sep 16, 2026
$599,999
Initial Listing
Nov 20, 2014
$242,500
Public Record