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Back 406 Panama Avenue
Off Market

406 Panama Avenue

Chico CA 95973

4
2
2
2756 sq. ft.
65776 sq. ft.
Single-Family
Last sold for $420,000
Elke HaldorsonElke Haldorson, last sold this property on 22 June 2026 after 261 days on market.

Overview

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.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2756 sq. ft. floor area
65776 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Chico over the last 12 months, the estimated median property value of 406 Panama Avenue is $620k.

Median value
$620k
Estimated value range
$1.3k - $1.75m
Median days on market
29
Estimated value trend
-13%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Chico. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 406 Panama Avenue

2026
Sold
$420,000
22 Jun 2026 by Elke Haldorson

Happy sellers in Chico

98%
98% of sellers in Chico reported that their sale price either exceeded or met their price expectations.

Chico stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Chico over the last 12 months.

Local market activity for 4 bedroom single-family properties in Chico

In the last 12 months, 111 four-bedroom single-family properties similar to 406 Panama Avenue, have been sold.

This represents a 9% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Chico

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Mary McGowan

Sellers who recommend Mary McGowan have praised them for being local expert, clear communication, reliable, supportive, responsive, detail-oriented, and well-prepared

  •   5   (102 reviews)
  •  5 Reviews in Chico
  •  7 Sales in Chico
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Tina Peters

Tina Peters is a recommended agent for Chico.  They have 10 local sales and collected 5 local reviews across the last 12 months.

  •   5   (18 reviews)
  •  5 Reviews in Chico
  •  10 Sales in Chico
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Sandi Bauman

Sellers who recommend Sandi Bauman have praised them for being local expert, clear communication, responsive, supportive, well-prepared, honest, and reliable

  •   5   (106 reviews)
  •  2 Reviews in Chico
  •  6 Sales in Chico
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Amy Tomczak

Amy Tomczak is a recommended agent for Chico.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (2 reviews)
  •  2 Reviews in Chico
  •  1 Sale in Chico
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