New Price!! Welcome to 406 Panama Avenue! This is a one-of-a-kind property in the heart of Chico. Not only is the lot size over 1.5 acres but it comes with a quality, mid-century 2,756 square foot home that boasts 4 bedrooms, 2 bathrooms, arched doorways, hardwood floors, sunny window seats, 2 fireplaces, large laundry room, extra-large family room and the list goes on. This property is zoned Light Manufacturing which allows for business, agricultural, manufacturing uses and more. This is an ideal live-work situation for someone looking to run their business and live in a charming home all in one place! The home and yard occupy .7 acres and the remaining .81 acres is fully fenced and gated, awaiting your imagination and creativity for the multitude of uses allowed. The long paved driveway, backyard paved parking pad and attached garage offer the ideal setup for multiple vehicles, recreational vehicles, boats, trailers, and more. All combined, this is one of the most unique, in-town Chico properties to come to the market in years. This home needs some repairs which is reflected in the new price. Photos were taken when the home was furnished and staged.
Sold for $420,000
Listing Provided by: eXp Realty of California, Inc.
Bought with: Re/Max of Chico
$420,000
406 Panama Ave, Chico, CA 95973
4beds
2,756sqft
Single Family Residence
Built in 1948
1.51 Acres Lot
$419,900 Zestimate®
$152/sqft
$2,549 Estimated rent
Home value
$419,900
$395,000 - $445,000
$2,549/mo
Zestimate® history
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$2,641/mo
Est. payment
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List your homeWhat's special
Backyard paved parking padAttached garageExtra-large family roomArched doorwaysHardwood floorsLong paved drivewayLarge laundry room
Zillow last checked:
Listing updated:
Listing Provided by:
Elke Haldorson DRE #02081306 5303215951,
eXp Realty of California, Inc.
Bought with:
Dan Bosch, DRE #01236305
Re/Max of Chico
Source: CRMLS,MLS#: SN25231386
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Full Bath on Main Level
Heating
- Central
Cooling
- Central Air, Dual
Appliances
- Included: Dishwasher, Gas Cooktop, Disposal, Microwave
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Pantry, Bedroom on Main Level
- Flooring: Vinyl, Wood
- Doors: French Doors
- Windows: Bay Window(s), Screens
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,756 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Direct Access, Driveway Level, Garage, Paved, RV Access/Parking
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Patio & porch: Concrete, Deck, Porch, Wood
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 1.51 Acres
- Dimensions: 65776
- Features: Agricultural, Back Yard, Lot Over 40000 Sqft, Rectangular Lot, Street Level
Details
- Parcel number: 006160034000
- Zoning: ML-AOD, PD
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom
- Property subtype: Single Family Residence
Materials
- Plaster, Stucco
- Foundation: Raised
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Biking, Hiking
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash to New Loan,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Sold | $420,000-13.4%$152/sqft |
Source:  CRMLS #SN25231386 Report a problem | ||
| 5/14/2026 | Contingent | $485,000$176/sqft |
Source: CRMLS #SN25231386 Report a problem | ||
| 4/10/2026 | Listed for sale | $485,000-17.1%$176/sqft |
Source: CRMLS #SN25231386 Report a problem | ||
| 3/15/2026 | Contingent | $585,000$212/sqft |
Source: CRMLS #SN25231386 Report a problem | ||
| 1/6/2026 | Price change | $585,000-5.6%$212/sqft |
Source: CRMLS #SN25231386 Report a problem | ||
| 10/3/2025 | Listed for sale | $620,000+152%$225/sqft |
Source: CRMLS #SN25231386 Report a problem | ||
| 12/21/2023 | Sold | $246,000$89/sqft |
Source: Public Record Report a problem | ||
| 3/27/2020 | Listing removed | $2,200$1/sqft |
Source: Blue Oak Property Management Report a problem | ||
| 1/28/2020 | Listed for rent | $2,200$1/sqft |
Source: Blue Oak Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,949 +6.5% | $601,800 +2% |
| 2024 | $6,524 +137.6% | $590,000 +140.2% |
| 2023 | $2,746 +1.7% | $245,627 +2% |
| 2022 | $2,699 +1.9% | $240,811 +2% |
| 2021 | $2,649 +0.3% | $236,091 +1% |
| 2020 | $2,641 +1.8% | $233,671 +2% |
| 2019 | $2,593 +1.9% | $229,090 +2% |
| 2018 | $2,546 +2.1% | $224,599 +2% |
| 2017 | $2,494 +9.6% | $220,196 +2% |
| 2016 | $2,276 +1.9% | $215,879 +1.5% |
| 2015 | $2,234 | $212,637 +2% |
| 2014 | $2,234 | $208,473 +0.5% |
| 2013 | -- | $207,532 +2% |
| 2012 | -- | $203,464 +2% |
| 2011 | -- | $199,476 +0.8% |
| 2010 | -- | $197,986 -0.2% |
| 2009 | -- | $198,457 +2% |
| 2008 | -- | $194,566 +2% |
| 2007 | -- | $190,752 +2% |
| 2006 | -- | $187,013 +2% |
| 2005 | -- | $183,347 +2% |
| 2004 | -- | $179,753 +1.9% |
| 2003 | -- | $176,460 +2% |
| 2002 | -- | $173,001 +2% |
| 2001 | -- | $169,609 |
Find assessor info on the county website
Neighborhood: 95973
Nearby schools
GreatSchools rating
- 2/10Mcmanus (John A.) Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10Bidwell Junior High SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Pleasant Valley High SchoolGrades: 9-12Distance: 2.2 mi
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- 95973
- 406 Panama Ave
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