
Oroville, California 95966
This Spacious Residential Property represents a High-Potential Investment Opportunity, listed at $499,999—positioned well below the $493,598 Fair Market Value by a negligible margin, reflecting a stable market entry point. Featuring a Condition Rating of 4, the home offers significant upside through cosmetic modernization of its 1998-era interiors. Highlights include a Panoramic Lake View, a massive recreation room, and a low-maintenance exterior. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a scenic, flexible living space near Lake Oroville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5370 Royal Oaks Drive Subject 3 bd · 3 ba · 2,978 sqft · $166 | $499,999* List Price | 3 | 3 | 2,978 | $166 | - |
A 5388 High Rocks Court Sold 3 bd · 2 ba · 2,115 sqft · $187 · 0.2 mi | $395,000 | 3 | 2 | 2,115 | $187 | 0.2 mi |
B 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 |
C 5360 Treasure Hill Active 3 bd · 4 ba · 3,549 sqft · $155 · 0.0 mi | $549,999 List Price | 3 | 4 | 3,549 | $155 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the home is well-maintained but clearly dated. The kitchen features original white cabinetry and tile countertops with grout lines, while bedrooms contain 90s-era gold-trimmed mirrored closets. As it is over 20 years old without a major recent renovation, it requires cosmetic updates to meet modern standards.
The property features a primary suite balcony with direct views of Lake Oroville, providing a serene setting and high aesthetic value for residents.
With nearly 3,000 sq ft of living space and a massive recreation room, the home offers exceptional flexibility for a home theater, gym, or multi-generational living.
The parcel is designed for easy upkeep with paved yard areas and professional landscaping, ideal for buyers seeking a lock-and-leave lifestyle near recreational areas.
The property has been active for 220 days, which may lead to buyer perception issues regarding its desirability or underlying market demand.
A substantial price reduction from the original $615,000 list price to $499,999 indicates a struggle to align with current market value and may impact future resale confidence.
Welcome to your next home on Royal Oaks Dr in beautiful Oroville! Just minutes from the recreation and scenic beauty of Lake Oroville, this impressive 2,978 sq ft residence offers space, comfort, and low-maintenance living. This 3 bedroom, 2.5 bathroom home features a thoughtfully designed layout with generous living areas, including a huge recreation room—perfect for entertaining, a game room, home theater, or multi-generational living space. The spacious utility room adds extra functionality, and the oversized laundry room includes a sink and abundant storage to keep everything organized. The primary suite is a true retreat, complete with a large walk-in closet and private access to the balcony—where you can take in beautiful views of Lake Oroville while enjoying your morning coffee or unwinding at sunset. The balcony offers a peaceful setting to relax and soak in the surrounding scenery. Step outside to a low-maintenance parcel, with most of the yard paved for easy upkeep, complemented by beautifully landscaped garden beds that add color and charm without the extra work. A 2-car garage provides ample parking and storage, rounding out this well-appointed property. With its desirable location near the lake, spacious interior, and scenic balcony views, this Royal Oaks Drive home is ready to welcome its next owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,978 | 1,400.158 |
| Lot Size | 6,970 | 12,679.525 |
| Price | $500.0K | $324.8K |
| Price per sq ft | $168 | $227 |
| Built year | 1998 | 1971 |
| HOA | $35.0 | $36 |
| Days on market | 235 | 71 |
Oct 9, 2026
$499,999
$530,000
-6% Price Drop
Initial Listing
Sep 16, 2026
$530,000
$565,000
-6% Price Drop
Initial Listing
Aug 27, 2026
$565,000
$585,000
-3% Price Drop
Initial Listing
May 18, 2026
$585,000
$599,000
-2% Price Drop
Initial Listing
Mar 21, 2026
$599,000
$615,000
-3% Price Drop
Initial Listing
Mar 3, 2026
$615,000
Initial Listing
Jun 13, 2022
$520,000
Public Record
Oct 6, 2011
$290,000
Public Record