
Oroville, California 95966
This Spacious Lake-View Residence is a High-Potential Investment Opportunity, listed at $399,900—positioned slightly above the $385,792 Fair Market Value. While the property requires cosmetic updates to its Fair Condition Rating, it offers significant value through a 2023 HVAC system, Solar Lease, and Generac Generator. The expansive deck and lower-level bonus room provide excellent lifestyle utility. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental potential or Owner-Occupants looking to build equity through personalized interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5366 Fall River Court Subject 2 bd · 3 ba · 2,072 sqft · $187 | $399,900* List Price | 2 | 3 | 2,072 | $187 | - |
A 5388 High Rocks Court Sold 3 bd · 2 ba · 2,115 sqft · $187 · 0.1 mi | $395,000 | 3 | 2 | 2,115 | $187 | 0.1 mi |
B 5435 Royal Oaks Sold 3 bd · 3 ba · 2,016 sqft · $198 · 0.4 mi | $400,000 | 3 | 3 | 2,016 | $198 | 0.4 mi |
C 23 Mccabe Court Sold 2 bd · 2 ba · 1,568 sqft · $204 · 0.7 mi | $320,000 | 2 | 2 | 1,568 | $204 | 0.7 mi |
D 5320 Blinzig Court Sold 3 bd · 2 ba · 2,808 sqft · $170 · 0.4 mi | $477,000 | 3 | 2 | 2,808 | $170 | 0.4 mi |
E 5386 Royal Oaks Active 3 bd · 3 ba · 2,222 sqft · $214 · 0.3 mi | $475,000 List Price | 3 | 3 | 2,222 | $214 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is well-maintained but significantly dated. The kitchen and bathrooms feature original-style oak cabinetry and tile countertops that are over 20 years old. While the HVAC system is excellent (2023) and includes a generator and solar, the interior aesthetics and appliances require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2072.
The property boasts spectacular, unobstructed views of Lake Oroville and the surrounding hills, featuring an expansive deck with an auto-retractable Sun Setter awning for premium outdoor living.
Significant value is added through a newer HVAC system (2023), a Generac backup generator, and solar energy, ensuring high utility efficiency and peace of mind during power outages.
The solar system is under a lease agreement rather than being owned, which requires the buyer to assume a recurring monthly financial commitment.
While well-maintained, the 1980s-era tiled countertops and mixed flooring materials may require cosmetic updates to meet the aesthetic preferences of modern buyers.
SPECTACULAR LAKE VIEWS! This 2 Bed 2 1/2 Bath plus downstairs bonus room offers comfortable living with Lake Oroville as your backdrop everyday. The entry way door has nicely appointed stain glass accents with nice tiled entry floor. Kitchen is open to the living area with a breakfast bar including storage below. Tiled counter tops and flooring with lots of cabinets. Also included is an electric range, microwave, and refrigerator. The living room has a beautiful rock propane fireplace, carpet, and open beam ceilings with windows providing excellent views. Also sliding doors open to an expansive deck for entertaining or just viewing the lake and hills. The deck is covered with a auto-retractable Sun Setter awning to adjust to your comfort. The primary bedroom has laminate flooring, sliding mirrored closet doors, ceiling fan and a sliding door with access to the expansive deck. The primary bath has tiled flooring and counter tops including excellent mirror coverage plus a tub shower combination with a glass shower door. Guest bedroom also has laminate flooring including a ceiling fan and nice closet. There is a full bath off the hall with a Safe Slip Walk in Tub including a hand held shower. The hall bath has tiled flooring and counter tops. The lower level has a large bonus room with a wood burning stove and laminate flooring. In addition there is a tiled bar plus lots of cabinet storage, double porcelain sink and refrigerator. The bathroom has a corian top sink, ceiling fan and tiled tub shower combination with glass shower door. There is also access to a covered patio area. Off the bonus room is a laundry room which includes a washer and dryer. The double car garage has lots of storage shelves and there is additional parking outside. Their is also Solar Lease for great energy savings plus a Generac backup Generator and Newer HVAC 2023. Great location and outstanding views from this home located on a quiet cul de sac in Kelly Ridge Estates.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,072 | 1,400.158 |
| Lot Size | 10,019 | 12,679.525 |
| Price | $399.9K | $324.8K |
| Price per sq ft | $193 | $227 |
| Built year | 1980 | 1971 |
| HOA | $30.0 | $36 |
| Days on market | 35 | 71 |
Sep 19, 2026
$399,900
Initial Listing
Jul 8, 2024
$360,000
Public Record
Feb 6, 1998
$120,000
Public Record