
Oroville, California 95965
This property presents a High-Potential Investment Opportunity with a List Price of $319,000—positioned well below the $319,315 Fair Market Value by 0.1%. Featuring a Fair Condition Rating (5/10), the home requires a full systems and interior rehab to modernize its 1,057 sqft layout. The expansive 2.7-acre lot offers significant upside through potential land splitting and rural utility. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project with long-term development potential.
Property is extensive renovation needed.
Built in 1920, this century-old home exhibits significant functional obsolescence with 4 bedrooms and only 1 bathroom squeezed into 1,057 sqft. While the living area has updated laminate flooring, the utility and kitchen areas appear very dated, and the property's age and layout suggest a need for a full rehab of systems and interior spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 119354, living area = 1057.
The property features over 2.7 acres of land in Thermalito, providing ample space for horses, livestock, and a private rural lifestyle.
The large lot offers the potential to split the acreage, providing a significant opportunity for future development or land appreciation.
With four bedrooms and only one bathroom, the home's layout may be challenging for larger families or modern living standards.
At just 1,057 square feet for a four-bedroom home, the interior living spaces and individual rooms are likely quite compact.
This charming older 4-bedroom, 1-bath home is full of character and offers room to grow. Featuring a spacious family room, it's perfect for gathering with family and friends. Situated on beautiful acreage in Thermalito, this property offers endless possibilities. Bring your horses, livestock, or other animals and enjoy the space and freedom of country living. There may also be potential to split the acreage (buyer to verify with the county), making this an exciting opportunity for future investment. Conveniently located just minutes from Highway 70, you'll enjoy easy access to shopping, schools, and commuting while still having the privacy and space you've been looking for. Don't miss this unique property with charm, land, and incredible potential. Schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,057 | 1,406.567 |
| Lot Size | 119,354 | 11,782.067 |
| Price | $309.0K | $328.3K |
| Price per sq ft | $292 | $227 |
| Built year | 1920 | 1972 |
| HOA | $0 | $36 |
| Days on market | 65 | 69 |
Aug 3, 2026
$309,000
$319,000
-3% Price Drop
Initial Listing
Jul 6, 2026
$319,000
Initial Listing