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1038 West 5th Street, Chico, CA 95928

$330K3bd · 2ba · 1,271 sqft
Lot 5,663 sqft•Single Family Residence•
Active
•80d on market•MLS# SN-26159406

Property Description

Attention parents and investors! Don’t miss this exceptional opportunity to own a well maintained 3-bedroom, 2-bath home with over 1,200 square feet of living space in one of Chico’s most desirable college-area locations. Recently improved with NEW kitchen countertops, a NEW stainless steel kitchen sink and faucet, NEW plumbing and supply lines, a NEW garbage disposal, and a NEW faucet in the smaller bathroom! These fresh updates add even more appeal to an already attractive property. Just minutes from Chico State and downtown, this home offers the perfect combination of convenience, comfort, and investment potential. Whether you’re looking for a home for your college student or an income-producing rental, this property checks all the boxes. It has been consistently rented to students year after year, offering an established rental history. Inside, you’ll find a clean, move-in-ready interior featuring fresh paint, laminate flooring in the living area, new carpet in the bedrooms, and all major appliances—including the refrigerator, washer, and dryer—are included. The spacious, fully fenced backyard offers endless possibilities for outdoor activities or future enhancements. With its desirable location near Chico State, recent improvements, and appeal to both owner-occupants and investors, this is an opportunity you won’t want to miss!

Features & Amenities

FeeBuilt 1945

Property Details

Land Type
Fee
Year Built
1945
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
0
Heating
Wall Furnace
Cooling
Evaporative Cooling, Wall/Window Unit(s)
Flooring
Vinyl, Carpet, Laminate
Roof
Composition
City
Chico
Zip Code
95928
County
Butte
Listed byUnknown Office, Michael Fortino

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,668.15
Principal & Interest
Loan Amount
$263,920
Total Interest
$336,615
Total Payment Over 30 Years
$600,535
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1038 West 5th Street, Chico, CA 95928

Chico · Single Family Residence

$330K
Affordable Tier
Beds
3
Baths
2
Sqft
1,271
Lot
5,663 sqft
Year
1945
$/Sqft
$260
Pool: No✓
Spa: No✓

Listed 14.3% below the median closed sale of $385,000. Price per sqft ($260) is a 23% discount to closed comps ($339). Closed comps sold at 104% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $330K· $260/sqft
Total list price
Closed comps
vs closed median $385K
−$55K (−14.3%)
Active comps
vs active median $415K
−$85K (−20.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $302
−$42 (−14.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
573 WhiteChico1954321,23612,197$271$335,0001287
1361 Arlington DriveChico1965321,1886,098$353$419,000186
234 3rdChico1931221,1554,356$390$450,0006385
9803 Cohasset RoadChico1962321,31632,234$171$225,0006485
226 W 6th AveChico1961221,2728,712$326$415,0007683
Total: 5 · Average2.62.01,233.412,719.4$302.2$368,80043.2
Median1,236$415,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
969 Humboldt AvenueChico194010/05/2026421,4007,405$370,000$370,000$2641.006089
42 OakChico195110/09/2026311,2229,148$359,000$375,000$3071.043188
2931 Kennedy AvenueChico193009/21/2026321,44027,007$649,000$700,000$4861.082683
8 Hemming LaneChico198710/01/2026321,2314,356$373,000$385,000$3131.032282
1143 Cork OakChico201709/11/2026321,3184,356$419,900$431,000$3271.032982
Total: 5 · Average3.21.81,322.210,454.4$452,200$452,200$339.4—33.6
Median1,318$385,000$385,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.