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3123 Michael Way, Chico, CA 95973

$465K3bd · 2ba · 1,573 sqft
Lot 66,211 sqft•Single Family Residence•
Active
•189d on market•MLS# SN-26072141

Property Description

Welcome to 3123 Michael Way – a charming home tucked at the end of a peaceful cul-de-sac! 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, you'll 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 en-suite 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 special—expansive, 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 paths—yet with a sense of privacy that makes this home feel like a peaceful getaway.

Features & Amenities

FeeBuilt 1971

Property Details

Land Type
Fee
Year Built
1971
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Wood Stove, Central
Cooling
Central Air
Flooring
Carpet, Tile, Wood
Roof
Composition
City
Chico
Zip Code
95973
County
Butte
Listed byParkway Real Estate Co., Lea Johnson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,351.29
Principal & Interest
Loan Amount
$371,999
Total Interest
$474,464
Total Payment Over 30 Years
$846,463
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

3123 Michael Way, Chico, CA 95973

Chico · Single Family Residence

$465K
Affordable Tier
Beds
3
Baths
2
Sqft
1,573
Lot
1.52 ac
Year
1971
$/Sqft
$296
Pool: No✓
Spa: No✓
Garage: 2-car✓

Listed 5.7% below the median closed sale of $493,000.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $465K· $296/sqft
Total list price
Closed comps
vs closed median $493K
−$28K (−5.7%)
Active comps
vs active median $399K
+$66K (+16.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $304
−$8 (−2.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
484 CimarronChico1979321,31719,602$364$480,0003986
1278 Honey Run RoadChico1975221,38016,553$344$475,0009784
33 Lawnwood DriveChico1967321,32612,196$293$389,0001983
29 Northwood Commons PlaceChico1979221,4102,614$230$325,000883
872 Sequoyah AvenueChico1991321,3906,534$287$399,000583
Total: 5 · Average2.62.01,364.611,499.8$303.6$413,60033.6
Median1,380$399,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
763 Brookwood WayChico197609/25/2026321,7016,534$438,000$418,000$2460.954589
10 Savannah LaneChico199110/09/2026321,6066,534$525,000$515,000$3210.985686
1918 PotterChico199210/09/2026321,6736,970$505,000$493,000$2950.984584
476 RedwoodChico196009/24/2026421,4587,405$419,000$419,000$2871.005783
1795 Estates WayChico196510/07/2026331,87210,454$668,000$700,000$3741.053382
Total: 5 · Average3.22.21,6627,579.4$509,000$509,000$304.6—47.2
Median1,673$493,000$493,000

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.