
Chico, California 95928
This property presents a High-Potential Investment Opportunity with a List Price of $325,000—positioned well below the $311,825 Fair Market Value by -4%. While the home carries a Poor Condition Rating and requires significant renovation, the 0.19-acre lot provides substantial upside for value-add projects. The floor plan features vaulted ceilings and a freestanding wood stove, offering a solid foundation for modernization. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with significant potential in the Chico Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 858 Cleveland Avenue Subject | $325,000* List Price | 3 | 1 | 1,108 | $277 | - |
A 1837 Hemlock Street Sold | $245,000 | 4 | 2 | 960 | $255 | 0.4 mi |
B 1193 Olive Street Sold | $340,000 | 3 | 2 | 1,512 | $225 | 0.4 mi |
C 1640 Hemlock Street Sold | $310,000 | 2 | 1 | 974 | $318 | 0.4 mi |
D 1162 E 7th Street Active | $350,000 List Price | 3 | 1 | 1,008 | $347 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986 (38 years old), this property falls into the poor category as it requires a full rehab. While there are minor cosmetic updates like newer flooring, the kitchen and bathroom are significantly dated and show signs of neglect, including missing cabinet fronts and damaged mirrors. The listing description explicitly targets investors and highlights 'potential,' indicating that the primary systems and finishes are at the end of their functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1108.
The 0.19-acre lot features a large backyard with mature fruit trees, a dedicated garden area, and a new chain-link fence, offering significant space for recreation and landscaping.
Vaulted ceilings in the living room paired with a freestanding wood stove create an open, airy, and cozy atmosphere that enhances the home's sense of space.
With three bedrooms but only one bathroom, the home may face functional challenges for larger households and could impact overall market competitiveness.
The kitchen requires a full update to meet modern standards, necessitating additional capital investment from the buyer to realize the home's full potential.
Welcome Home Buyers & Investors! Discover the potential of this 0.19-acre property in the heart of Chico. This is the perfect opportunity to create the home you've been dreaming of. Whether you're searching for your next investment or a place to make your own, this property is full of possibilities. This spacious 3-bedroom, 1-bathroom home features vaulted ceilings in the living room with a freestanding wood stove for those cold winter nights, creating an open and inviting atmosphere. Recent updates include newer flooring in the living room, kitchen, hallway, and entry, along with fresh paint in select rooms. The kitchen is ready for your personal touch, offering a great opportunity to design a space that reflects your style and vision. The generously sized primary bedroom provides a comfortable retreat, while the two additional bedrooms offer ample space for family, guests, or a home office. Step outside to a large backyard with endless possibilities. Whether you envision entertaining, gardening, or simply relaxing, there's plenty of room to make it your own. The property includes a fenced garden area, mature fruit trees, and a new chain-link fence, adding both functionality and value. A spacious 2-car garage offers abundant storage. Conveniently located just blocks from schools, shopping, the Dorothy JohnsonCenter, Chapman Park and the Community Park. This home also provides quick access to Highway 99, making commuting easy while keeping everyday conveniences close at hand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,108 | 1,721.208 |
| Lot Size | 8,276.4 | 8,138.524 |
| Price | $325.0K | $494.6K |
| Price per sq ft | $293 | $304 |
| Built year | 1986 | 1992 |
| HOA | $0 | $166 |
| Days on market | 35 | 54 |
Aug 5, 2026
$325,000
Initial Listing
Jul 30, 2020
$70,000
Public Record
Nov 22, 2000
$85,000
Public Record