
Chico, California 95926
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $599,000—positioned well above the $543,260 Fair Market Value by -10%. While priced at a premium, the property offers a Fair Condition Rating with significant upside through its 14,810 sqft lot and prime central location near Bidwell Park. Featuring a new roof and newer HVAC, the home provides a solid foundation for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the expansive outdoor space and timeless character in a high-demand Chico neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 913 Arbutus Subject 3 bd · 2 ba · 2,004 sqft · $271 | $599,000* List Price | 3 | 2 | 2,004 | $271 | - |
A 1339 Laburnum Avenue Sold 5 bd · 4 ba · 2,135 sqft · $257 · 0.6 mi | $549,000 | 5 | 4 | 2,135 | $257 | 0.6 mi |
B 1192 Manchester Sold 3 bd · 2 ba · 1,630 sqft · $356 · 0.8 mi | $580,000 | 3 | 2 | 1,630 | $356 | 0.8 mi |
C 1223 Spruce Sold 4 bd · 3 ba · 1,843 sqft · $279 · 0.5 mi | $515,000 | 4 | 3 | 1,843 | $279 | 0.5 mi |
D 1157 Palmetto Pending 3 bd · 2 ba · 1,946 sqft · $272 · 0.5 mi | $529,000 List Price | 3 | 2 | 1,946 | $272 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home features a new roof and newer HVAC, the primary suite addition dates back to the 1990s (30+ years) and the kitchen/baths reflect that era. Visible wear on the original hardwood floors and stained carpeting, combined with the overall age of the 1947 structure and dated finishes, align with the 'Fair' criteria needing minor repairs and updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 2004.
Situated just blocks from Bidwell Park, One Mile, and Downtown Chico, this property offers an unbeatable lifestyle in one of the city's most sought-after neighborhoods.
The home masterfully blends 1940s architectural charm, such as original hardwood floors and built-ins, with essential modern updates including a new roof, newer HVAC, and fresh interior/exterior paint.
The layout consists of distinct, separated rooms rather than a modern open-concept design, which may not appeal to buyers seeking a more fluid living space.
Despite the large lot and 220v wiring, the property only features a one-car garage, which may be insufficient for multi-vehicle households or those requiring extensive storage.
There are parts of Chico where the location becomes part of the way you live, and 913 Arbutus Ave. puts you right in the middle of one of them. With One Mile, and Bidwell Park just a few blocks away and Downtown Chico only a little further, this 3-bedroom, 2-bathroom home perfectly pairs an unbeatable central location with irreplaceable original character. Step inside and sunlight fills the living room, where locally milled original hardwood floors, built-ins, and a wood-burning fireplace immediately give the home a sense of history. It’s warm, bright, and unmistakably Chico. From here, the home unfolds into distinct spaces rather than one wide-open floor plan, giving everyday life places of its own. The formal dining room is made for dinners that linger, while the spacious kitchen serves as the heart of the home, with vaulted wood ceilings, skylights, and a breakfast nook offering plenty of room for a large island. French doors swing open from the kitchen straight onto a classic wraparound porch, offering a seamless transition to a spacious backyard with no rear neighbor. This open-ended outdoor canvas is ready for garden beds, entertaining, or the backyard retreat you’ve been dreaming of. The layout features a private, permitted 1990s primary suite complete with vaulted warm wood ceilings, a skylight, multiple closets, backyard access, and an ensuite with a walk-in double shower. The two additional bedrooms are generously sized, carrying forward something older homes often do especially well: giving you actual room to live. Complete with a new roof, newer HVAC, fresh paint inside and out, a detached oversized one car garage with 220v wiring, and a long driveway, this property beautifully blends peace of mind with timeless Chico charm.
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 | 2,004 | 1,720.576 |
| Lot Size | 14,810.4 | 7,994.042 |
| Price | $599.0K | $487.0K |
| Price per sq ft | $299 | $303 |
| Built year | 1947 | 1992 |
| HOA | $0 | $154 |
| Days on market | 16 | 56 |
Oct 8, 2026
$599,000
Initial Listing