ActiveResidential · sale

3123 Michael Way

Chico, CA 95973

$464,999

  • 3 beds
  • 2 baths
  • 1,573 sq ft
  • 1.52 acres
  • Built 1971

Listed by Parkway Real Estate Co. · MLS #SN26072141

3123 Michael Way, Chico, CA 95973 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1971.

Garage parking

2 garage spaces listed.

Property size

1.52 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to 3123 Michael Way a charming home tucked at the end of a peaceful culdesac This property offers a rare combination of privacy space and convenience The home sits back from the street on a huge lot against the levee surrounded by mature trees and lush landscaping that create a truly tranquil setting Step inside to a beautifully updated living room featuring smooth walls a stunning fireplace with a wood stove insert a custom mantel and picture windows on either side that frame peaceful views of the backyard Through the arched doorway youll find a spacious kitchen ideal for entertaining and family gatherings It includes lots of cabinetry stainless steel appliances granite countertops a tile backsplash a center island and a generous dining area with two sliding glass doors that open to the serene backyard The split floor plan offers excellent functionality with two guest bedrooms and a large guest bathroom on one side and the private primary suite on the other The primary bedroom includes an ensuite bath with a vanity area and expanded space thanks to a garage conversion which also added a workshop area and plenty of storage The backyard is truly specialexpansive quiet and filled with mature landscaping shaded areas a patio perfect for outdoor dining and a garden area All this just minutes from schools shopping parks and bike pathsyet with a sense of privacy that makes this home feel like a peaceful getaway
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THE NEIGHBORHOOD

Explore the location.

3123 Michael Way, Chico, CA 95973

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1971
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central,WoodStove
Appliances
Dishwasher,Disposal,GasOven,GasRange,Microwave,Refrigerator,RangeHood,WaterHeater,Dryer,Washer
Flooring
Carpet,Tile,Wood
Utilities
ElectricityConnected,NaturalGasConnected
Fencing
AverageCondition
Pool
No
Pool features
None
Spa
No
Zoning
SR
Parcel
007250032000
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$1,937.50
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3123 Michael Way, Chico, CA 95973 · MLS #SN26072141

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Listing information

MLS #SN26072141 · California Regional MLS

Listing brokerage: Parkway Real Estate Co.
Listing agent: Lea Johnson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.