
Chico, California 95928
This 55+ Condominium represents a Strong Value Opportunity, listed at $319,000—positioned well below the $291,622 Fair Market Value by -9%. While the property is priced above the current estimation, its Fair Condition Rating and turnkey status in the serene Sierra Sunrise Terrace offer immediate lifestyle benefits. Featuring a private courtyard, extra-deep garage, and proximity to scenic lakes, this home provides a peaceful, low-maintenance environment. It is an ideal acquisition for Retirees or Owner-Occupants seeking a quiet, well-managed community in Chico.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6 Casa Del Lago Subject 2 bd · 2 ba · 1,300 sqft · $224 | $319,000* List Price | 2 | 2 | 1,300 | $224 | - |
A 5 Valley Lake Sold 2 bd · 2 ba · 1,300 sqft · $229 · 0.1 mi | $298,252 | 2 | 2 | 1,300 | $229 | 0.1 mi |
B 2946 Pennyroyal Sold 3 bd · 2 ba · 1,211 sqft · $235 · 0.8 mi | $285,000 | 3 | 2 | 1,211 | $235 | 0.8 mi |
C 2849 Pennyroyal Sold 2 bd · 2 ba · 1,103 sqft · $236 · 0.7 mi | $260,000 | 2 | 2 | 1,103 | $236 | 0.7 mi |
D 2883 Pennyroyal Dr Active 2 bd · 2 ba · 1,103 sqft · $271 · 0.7 mi | $299,000 List Price | 2 | 2 | 1,103 | $271 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property is exceptionally well-maintained and move-in ready with recent LVP flooring and carpet updates. However, the kitchen and bathrooms remain dated with original oak cabinetry, older appliances, and 1980s-style fixtures. While functional, the home requires cosmetic modernization to meet current standards, fitting the 'Fair' criteria for properties over 20 years old.
Located in the sought-after Sierra Sunrise Terrace of California Park, this home offers a peaceful environment with access to scenic lakes, walking paths, and well-maintained common areas.
The property is exceptionally well-cared for, featuring near-new carpet, updated LVP flooring, and includes all appliances, making it an ideal turnkey option for buyers.
The layout boasts high ceilings and abundant natural light, complemented by a private courtyard and an extra-deep attached garage that provides superior storage capacity.
The monthly HOA fee of $574 is significant and may be a deterrent for buyers on a fixed income or those sensitive to high recurring carrying costs.
While clean and well-maintained, the 1989 construction and original kitchen cabinetry may require further updates to appeal to buyers seeking a fully contemporary aesthetic.
Fantastic Casa Del Lago Condo located in the beautiful Sierra Sunrise Terrace of California Park offering Lakes, Common areas for strolls along the many paths around the neighborhood and lakes, with quiet peaceful living in this 55+ community. Extremely well cared for home here, with near new carpet and some new LVP flooring. Enter through your private courtyard which is off the kitchen of the home, with a slider out to this courtyard for morning coffee or tea. The kitchen has abundant cabinets and some decent counter space with bar top opening to dinning room so guests can chat on a bar stool and still be part of the action in the kitchen. Large spacious dinning room will accommodate that heirloom dinning table to share memories while connecting with old friends or family. Very nice size living area offering high ceilings, fireplace, abundant windows to bring in that natural light, with service door to another small patio outside. The primary bedroom is nestled to the rear of this home, great size which allows for large furnishings and options, connecting to very nice size bathroom with ample closet space and storage as well, good counter space and walk in shower. The guest bedroom which has a good size to it, large closet and picture window as well. Interior laundry set up makes life easier thats for sure! This home does have an attached garage which is extra deep for not only large vehicle, but allows for excellent storage capability too. Home is clean move in ready, complete with all appliances and ready to go!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,300 | 1,163 |
| Lot Size | 1,306.8 | 1,161.5 |
| Price | $319.0K | $243.0K |
| Price per sq ft | $245 | $206 |
| Built year | 1989 | 1982 |
| HOA | $574.0 | $499 |
| Days on market | 9 | 58 |
Oct 15, 2026
$319,000
Initial Listing
Aug 28, 2019
$285,000
Public Record
Aug 27, 2003
$207,500
Public Record
Feb 3, 1998
$105,500
Public Record