
Oroville, California 95966
This Spacious Lakeview Residence is a Strong Value Opportunity, listed at $629,900—positioned well below the $702,796 Fair Market Value by 10%. This valuation gap offers $72,896 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the home features panoramic Lake Oroville views, owned solar, and a backup generator. The 3,165 sq. ft. floor plan includes a renovated primary suite and multi-generational potential within the Oroville City district. This is a premier acquisition for Owner-Occupants or multi-generational families seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5419 Royal Oaks Subject | $629,900* List Price | 3 | 3 | 3,165 | $222 | - |
A 5370 Royal Oaks Drive Active | $599,000 List Price | 3 | 3 | 2,978 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is exceptionally well-maintained and move-in ready. While the kitchen cabinetry reflects the 1993 build year, it has been updated with modern stone countertops, a tile backsplash, and stainless steel appliances. The home features significant high-value upgrades including owned solar, a backup generator, a newer Trex deck, and a renovated primary bathroom with marble finishes and heated flooring. The overall quality and system maintenance exceed the typical 'fair' condition for a home of this age.
The property boasts exceptional, unobstructed views of Lake Oroville, the Enterprise Bridge, and surrounding mountains, visible from both the main living areas and the expansive Trex deck.
Equipped with high-value features including owned solar panels, a backup generator, and an exterior fire sprinkler system, offering significant long-term savings and peace of mind.
With 3,165 sq. ft. of living space and two separate living areas, the floor plan is ideally suited for multi-generational living or a mother-in-law setup.
The home relies on a propane tank rather than natural gas, which can lead to higher utility costs and the need for regular fuel delivery management.
Built in 1993, some interior finishes and architectural elements may appear dated to modern buyers, potentially requiring cosmetic updates to meet contemporary tastes.
Welcome to lakeview living at its finest with some of the best views in Kelly Ridge. This beautifully maintained home offers panoramic views of Lake Oroville, the Enterprise Bridge, and surrounding mountains—creating a breathtaking backdrop you’ll enjoy every single day. Start your mornings on the covered deck with a cup of coffee, watching the sunrise over the water in total peace. Located within walking distance to Lake Oroville and the historic Bidwell Bar Bridge—recognized as California’s first steel suspension bridge—this home is surrounded by natural beauty and rich local history.This 3,165 sq. ft. home features 4 bedrooms, 2.5 bathrooms, two stories, and two spacious living areas with an open floor plan designed for both comfort and entertaining. The layout also offers excellent potential for a mother-in-law setup or multi-generational living.Inside, you’ll find travertine flooring, heated floors and marble finishes in the spa-like primary bathroom, along with a walk-in closet, soaking tub, and serene views. The kitchen flows seamlessly into the main living space and out to the covered Trex deck with ceiling fans and lighting—perfect for enjoying the views year-round. A second covered patio below provides even more space to relax and take it all in. Additional features include owned solar, central heat and air, propane tank, backup generator, exterior fire sprinkler system, drip irrigation, fruit trees, established landscaping, a large interior laundry room, and an attached 2-car garage. Pride of ownership shows throughout this home. Located in the highly sought-after Kelly Ridge neighborhood, this is a rare opportunity to own a property that truly captures the beauty and lifestyle of Lake Oroville. Seller financing available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 72% |
| Square foot | 3,165 | 1,509 | 97% |
| Lot Size | 9,148 | 16,988 | 28% |
| Price | $629.9K | $325.0K | 95% |
| Price per sq ft | $199 | $215 | 39% |
| Built year | 1993 | 1975 | 82% |
| HOA | $36.0 | $0 | 95% |
| Days on market | 31 | 180 | 1% |
Mar 22, 2026
$629,900
Initial Listing
Nov 17, 1999
$240,000
Public Record