951 Walnut, Chico, CA 95928
951 Walnut, Chico, CA 95928
Property Description
Close to Downtown and Chico State, this R3-zoned property sits on a spacious .31-acre lot bordering Little Chico Creek. The charming red home with its inviting covered front porch welcomes you the moment you arrive. Inside, enjoy hardwood floors, newer windows throughout, a kitchen with a gas range, separate laundry room and a fully remodeled bathroom w/ tiled shower. A newer oversized back deck overlooks the expansive fenced yard w/ horse shoe pits, and large garage/shop, a rare advantage so close to town. The property also comes with shovel ready plans to build six 1-bed/1-bath units, offering exceptional future development potential. Even better, the owners are licensed contractors and would prefer to build the units for your client, streamlining the entire process. Earn income with the house while you prepare to build!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Chico · Single Family Residence
Listed in line with the median closed sale of $365,000. Closed comps sold at 102% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2303 Floral | Chico | 1951 | 2 | 1 | 1,099 | 8,712 | $337 | $369,900 | 59 | 85 |
| 234 3rd | Chico | 1931 | 2 | 2 | 1,155 | 4,356 | $390 | $450,000 | 64 | 84 |
| 1122 Sunset | Chico | 1940 | 2 | 1 | 846 | 6,534 | $378 | $320,000 | 39 | 81 |
| 271 7th Avenue | Chico | 1937 | 2 | 1 | 861 | 3,485 | $424 | $364,900 | 46 | 81 |
| 2431 Mariposa | Chico | 1961 | 2 | 1 | 1,164 | 9,583 | $274 | $319,000 | 53 | 80 |
| Total: 5 · Average | 2.0 | 1.2 | 1,025 | 6,534 | $360.6 | $364,760 | 52.2 | |||
| Median | 1,099 | $364,900 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1063 Arcadian Avenue | Chico | 1938 | 09/18/2026 | 2 | 1 | 1,068 | 6,534 | $364,500 | $378,500 | $354 | 1.04 | 55 | 93 |
| 1826 Magnolia | Chico | 1940 | 09/24/2026 | 2 | 1 | 983 | 4,792 | $354,500 | $354,500 | $361 | 1.00 | 47 | 89 |
| 1162 7th Street | Chico | 1925 | 10/07/2026 | 3 | 1 | 1,008 | 6,534 | $350,000 | $372,500 | $370 | 1.06 | 40 | 84 |
| 146 7th Avenue | Chico | 1935 | 09/14/2026 | 2 | 1 | 876 | 5,227 | $320,000 | $330,000 | $377 | 1.03 | 47 | 83 |
| 1020 Poppy Street | Chico | 1950 | 10/07/2026 | 2 | 1 | 952 | 6,098 | $379,000 | $365,000 | $383 | 0.96 | 62 | 81 |
| Total: 5 · Average | 2.2 | 1.0 | 977.4 | 5,837 | $360,100 | $360,100 | $369 | — | 50.2 | ||||
| Median | 983 | $365,000 | $365,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.