
Chico, California 95926
This Mid-Century Ranch represents a Strong Value Opportunity, listed at a List Price of $370,000—positioned well below the $371,702 Fair Market Value by 0.46%. Featuring a Condition Rating of 4, the home offers original hardwood floors beneath newer laminate and a spacious backyard. While the 4-bed/1-bath layout requires modernization, the location in the desirable Longfellow neighborhood near Chico Unified schools provides long-term stability. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 83 Terrace Drive Subject 4 bd · 1 ba · 1,315 sqft · $283 | $370,000* List Price | 4 | 1 | 1,315 | $283 | - |
A 1288 Palmetto Avenue Sold 4 bd · 2 ba · 1,451 sqft · $278 · 0.2 mi | $404,000 | 4 | 2 | 1,451 | $278 | 0.2 mi |
B 831 Shepard Sold 3 bd · 2 ba · 1,450 sqft · $293 · 0.2 mi | $425,000 | 3 | 2 | 1,450 | $293 | 0.2 mi |
C 9 Mione Sold 3 bd · 3 ba · 1,430 sqft · $294 · 0.1 mi | $420,000 | 3 | 3 | 1,430 | $294 | 0.1 mi |
D 476 Redwood Sold 4 bd · 2 ba · 1,458 sqft · $287 · 0.9 mi | $419,000 | 4 | 2 | 1,458 | $287 | 0.9 mi |
E 976 Palmetto Sold 3 bd · 2 ba · 1,344 sqft · $335 · 0.8 mi | $450,000 | 3 | 2 | 1,344 | $335 | 0.8 mi |
F 886 Lynn Lane Sold 4 bd · 2 ba · 1,803 sqft · $252 · 0.1 mi | $454,000 | 4 | 2 | 1,803 | $252 | 0.1 mi |
G 1555 Hawthorne Sold 2 bd · 1 ba · 1,080 sqft · $278 · 0.2 mi | $300,000 | 2 | 1 | 1,080 | $278 | 0.2 mi |
H 923 Moss Avenue Active 3 bd · 2 ba · 1,774 sqft · $240 · 0.2 mi | $425,000 List Price | 3 | 2 | 1,774 | $240 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this property is well-maintained but dated. While it features some recent improvements like newer laminate flooring, dual-pane windows, and stainless steel appliances, the kitchen cabinetry and overall aesthetic are over 20 years old. It is functional and move-in ready but requires cosmetic modernization and minor updates to meet current market standards.
Situated in the highly desirable Longfellow neighborhood, this home offers exceptional proximity to Pleasant Valley High School, In Motion Fitness, and Verbena Fields, making it ideal for active lifestyles.
The property features classic mid-century elements like a brick fireplace and wood-plank ceilings, with the added value of original hardwood floors preserved beneath the newer laminate flooring.
The oversized backyard serves as a blank canvas for gardening or entertaining, complemented by a detached garage with a unique pass-through door for easy access and utility.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While the home offers four bedrooms, it only features one bathroom, which may be a significant inconvenience for larger families or guests and could impact resale value.
The description of the backyard as a 'blank canvas' and the interior as an 'opportunity to make it your own' suggests that buyers will need to budget for landscaping and modern updates.
Located in Chico's desirable Longfellow neighborhood, this charming mid-century ranch offers four bedrooms, inviting living spaces, and an oversized backyard ready for your imagination. Around the corner from In Motion Fitness and convenient to Pleasant Valley High School, Verbena Fields, and neighborhood schools, this location makes it easy to enjoy so much of what Chico has to offer. Step inside to a generous living room anchored by a classic brick fireplace with a wood-burning insert, creating a comfortable place to gather. Newer plank laminate flooring runs through the living area, with original hardwood flooring beneath for those who may wish to restore it. Dual-pane windows and central heating and air add everyday comfort. The kitchen offers stainless steel appliances and traditional wood cabinetry. Just beyond is a generously sized laundry and utility room featuring a charming wood-plank ceiling, extensive built-in shelving that doubles as a walk-in pantry, and direct access to the backyard. The home's four bedrooms provide flexibility for guests, a home office, or hobbies, while the wood-plank ceilings in select rooms bring warmth and character. Outside, the spacious backyard is a blank canvas with room to garden, entertain, play, or create your own outdoor retreat. A concrete patio offers a starting point for outdoor gatherings, and the detached single-car garage features a convenient pass-through door. With its established neighborhood setting, functional layout, and generous outdoor space, this is an opportunity to make a home your own in a location you'll appreciate for years to come. Contact your favorite REALTOR® today for a private showing!
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 | 1,315 | 1,720.576 |
| Lot Size | 6,970 | 7,994.042 |
| Price | $370.0K | $487.0K |
| Price per sq ft | $281 | $303 |
| Built year | 1952 | 1992 |
| HOA | $0 | $154 |
| Days on market | 10 | 56 |
Oct 14, 2026
$370,000
Initial Listing
Sep 29, 2021
$370,000
Public Record
Jun 26, 2002
$157,000
Public Record