956 Manzanita Avenue, Chico, California 95926, Chico, 95926 - 3 bed, 3 bath
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956 Manzanita Avenue
Chico, California 95926
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,825Sq Ft
15,682Lot Size
Property Price
LIST PRICE$485,000
EST. MARKET VALUE
$503,963
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $485,000—positioned well below the $503,963 Fair Market Value by 3%. This valuation gap offers $18,963 in Instant Equity. Featuring a Condition Rating of 3, the home includes major system upgrades like a new roof, HVAC, and water heater. With an oversized garage/workshop and RV parking on a massive 15,682 sq. ft. corner lot, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$503,963+$18,963 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 956 Manzanita Avenue Subject 3 bd · 3 ba · 1,825 sqft · $276 | $485,000* List Price | 3 | 3 | 1,825 | $276 | - |
A 2 Canterbury Circle Sold 3 bd · 2 ba · 1,728 sqft · $333 · 0.6 mi | $575,000 | 3 | 2 | 1,728 | $333 | 0.6 mi |
B 1191 Bonair Road Sold 3 bd · 3 ba · 2,039 sqft · $294 · 0.5 mi | $600,000 | 3 | 3 | 2,039 | $294 | 0.5 mi |
C 598 East Avenue Sold 3 bd · 2 ba · 1,524 sqft · $242 · 0.9 mi | $369,000 | 3 | 2 | 1,524 | $242 | 0.9 mi |
D 66 Cottage Avenue Active 3 bd · 2 ba · 1,728 sqft · $289 · 0.5 mi | $499,000 List Price | 3 | 2 | 1,728 | $289 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1972, the property has undergone significant recent updates including a brand new roof, HVAC system, and water heater. The interior is move-in ready with new laminate flooring, fresh paint, and updated fixtures. While the kitchen and bathrooms are 'refreshed' with paint and new appliances rather than a full modern gut renovation, the home is well-maintained and functional.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1825.
- Major System Upgrades
The property features a brand-new roof, HVAC system, and water heater, significantly reducing immediate capital expenditure and providing long-term peace of mind for the buyer.
- Exceptional Workshop & Storage
The oversized two-car garage includes a dedicated workshop area with built-in shelving, extensive lighting, and its own bathroom, complemented by versatile RV/trailer parking.
CONSRISKS & DEFICIENCIES
- 1970s Era Layout
Despite modern refreshes, the 1972 construction may retain a more compartmentalized floor plan that lacks the seamless open-concept flow found in newer builds.
- Specific Aesthetic Choices
The 'character-filled' kitchen with blue cabinetry and decorative tile may be polarizing for buyers seeking a neutral or contemporary minimalist aesthetic.
About 956 Manzanita Avenue
REFRESHED HOME ON A LARGE CORNER LOT | NEW ROOF, HVAC & WATER HEATER | RV PARKING | OVERSIZED GARAGE/WORKSHOP Fresh, inviting, and ready for its next chapter, this 3-bedroom, 2.5-bath home offers 1,825 sq. ft. of comfortable living space on a generous 15,682 sq. ft. corner lot. Major updates include a new roof, new HVAC system, and new water heater, along with fresh interior and exterior paint, new fixtures throughout, maple laminate flooring, a NEW dishwasher, and a whole-house fan. The newly refreshed, low-maintenance landscaping features attractive rock, thoughtfully placed plantings, mature trees, and easy-care outdoor spaces, creating beautiful curb appeal with minimal upkeep. The bright interior offers an easy, comfortable flow with spacious living areas and an abundance of natural light. The kitchen is full of character with beautifully painted blue cabinetry, abundant storage, a large breakfast counter, double ovens, and a charming decorative tile backsplash. The refreshed living room features warm wood-look flooring and large windows overlooking the beautifully landscaped front yard. The generous sized primary suite offers laminate flooring, ample counter space, and a walk-in shower. There are 2 nice-sized guest bedrooms, plus a guest bathroom with a tub/shower combination and ample storage. Outside, the large corner lot truly shines, with thoughtfully designed, low-maintenance landscaping in the front and a spacious, fully fenced backyard. The backyard features lush green lawn, mature trees, concrete walkway and patio area, and plenty of room for gardening, entertaining, pets, or simply enjoying the outdoors. RV/trailer parking adds even more versatility. And then there's the oversized 2-car garage with an impressive workshop area, abundant built-in shelving and workspaces, extensive lighting, and its own bathroom. Whether you're a hobbyist, craftsman, collector, or simply need exceptional storage, this space offers possibilities well beyond a typical garage. Located just minutes from top rated schools, grocery stores, and local eateries, this home offers the best of Chico living. This home is a MUST SEE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,825 | 1,720.576 |
| Lot Size | 15,682 | 7,994.042 |
| Price | $485.0K | $487.0K |
| Price per sq ft | $266 | $303 |
| Built year | 1972 | 1992 |
| HOA | $0 | $154 |
| Days on market | 40 | 56 |
Pricing History
Listed for Sale
Sep 14, 2026
$485,000
Initial Listing
Sold
May 31, 2024
$425,000
Public Record