
Chico, California 95926
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $575,000—positioned well above the $484,099 Fair Market Value by 18%. While the property lacks instant equity, its 13,068 sq. ft. lot and Fair Condition Rating provide a clear path for value-add through cosmetic modernization of the original oak cabinetry and fixtures. Featuring a flexible bonus room and a quiet cul-de-sac location, this home offers significant upside for Value-Add Investors or Owner-Occupants seeking to build long-term equity in a prime Chico location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 645 Black Oak Drive Subject | $575,000* List Price | 3 | 2 | 1,811 | $267 | - |
A 511 Sequoyah Avenue Sold | $484,000 | 3 | 2 | 1,666 | $291 | 0.2 mi |
B 2121 Ramsey Sold | $468,900 | 3 | 2 | 1,623 | $289 | 0.2 mi |
C 940 Dias Sold | $664,000 | 4 | 2 | 1,974 | $336 | 0.4 mi |
D 602 Reed Park Sold | $543,315 | 3 | 2 | 1,737 | $313 | 0.4 mi |
E 2369 Holly Ave Sold | $459,000 | 3 | 2 | 1,495 | $307 | 0.3 mi |
F 1559 La Linda Lane Sold | $515,000 | 4 | 2 | 1,705 | $302 | 1.0 mi |
G 1895 Lodge Pine Sold | $650,000 | 4 | 3 | 2,298 | $283 | 0.3 mi |
H 1504 La Linda Sold | $432,500 | 4 | 2 | 1,705 | $254 | 0.8 mi |
I 2324 Fern Active | $429,000 List Price | 4 | 2 | 1,434 | $299 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this home is over 35 years old and maintains a 'Fair' rating. While the interior features updated light wood flooring and fresh paint, the kitchen and bathrooms are dated with original oak cabinetry and older countertops/fixtures. The property is functional and move-in ready but requires cosmetic modernization in the primary wet areas to meet higher condition standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 1811.
The sprawling 13,000+ sq. ft. lot is a rare find, offering mature trees, garden beds, and dedicated RV parking, providing significant outdoor versatility.
Cathedral ceilings and multiple skylights create an airy, light-filled interior, complemented by a flexible bonus room suitable for a home office or gym.
Built in 1988, the home may require cosmetic updates or system modernizations to compete with newer builds in terms of energy efficiency and contemporary finishes.
The current list price is nearly identical to the 2023 sale price, suggesting limited equity growth over the last year and a potentially saturated local market value.
Tucked away on a quiet cul-de-sac, this Chico home gives you something that’s getting harder to find: over 1,800 sq. ft of living space on a sprawling 13,000+ sq. ft lot, a huge backyard, and a convenient location with just enough separation from the busyness of it all. Inside, the light-filled layout starts with a flexible bonus room complete with a skylight and ready to fit your life, whether that's an office, gaming setup or…you decide. From there, the home opens into a spacious living room where the cathedral ceiling and additional skylight make the space feel bright and airy, while the cozy fireplace is ready for cooler evenings. The kitchen overlooks the living room, dining area, and backyard so you can stay connected from one space to the next. Two generously sized bedrooms and a hall bath offer plenty of room, while the primary suite feels like its own retreat with a large closet, en-suite bathroom, and sliding glass door leading directly to the covered patio and backyard. Out back, there’s plenty of room to spread out, entertain, relax under the mature trees, enjoy the existing garden beds, and still have space for RV parking. And while it feels tucked away, you’re still close to everything that makes Chico, Chico. The gorgeous Esplanade, Chico State, Historic Downtown Chico, shopping, dining, entertainment, and everyday conveniences are all just minutes away. If space and location are high on your list, this one deserves a look.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,811 | 1,721.208 |
| Lot Size | 13,068 | 8,138.524 |
| Price | $575.0K | $494.6K |
| Price per sq ft | $318 | $304 |
| Built year | 1988 | 1992 |
| HOA | $0 | $166 |
| Days on market | 6 | 54 |
Sep 3, 2026
$575,000
Initial Listing
Jan 30, 2023
$573,000
Public Record
Dec 26, 2018
$545,000
Public Record