1
Map
$525,000
●
House -
Off Market
2977 Bancroft Drive
Chico, CA 95928
3 Beds
2 Baths
1,674 Ft²
$2,578
Est. Monthly
About This Property
Welcome to this beautifully maintained southeast Chico home, built
by local builder Bill Webb and situated in a quiet neighborhood
located near Meriam Park, where you'll enjoy easy access to a
vibrant mix of dining, shops, recreation, and community amenities.
Inside, the home offers a desirable split floorplan with high
ceilings that create a bright, open feel. Recent updates, including
exterior paint and flooring, give the home a fresh, move-in-ready
appeal. The garage also features an electric vehicle charger for
added convenience. One of the home's standout features is the
enclosed porch, conveniently accessible from both the living room
and primary bedroom. This versatile space can easily serve as a
hobby room, home office, additional storage, or a peaceful retreat
to relax and unwind. The backyard is made for entertaining, with no
home directly behind the property providing added privacy and an
open backdrop. Clean, well-kept, and thoughtfully updated, this
home is ready for its next owners to move in, make it their own,
and love it for years to come.
Unit Size
1,674 Ft²
Days on Market
37 days
Land Size
0.14 acres
Price per sqft
$314
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2009
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 19 days ago (CRMLS #SN26175149)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Price Decreased |
$525,000
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by eXp Realty of California, Inc. | $545,000 | |
| Listed by eXp Realty of California, Inc. | |||
| Jun 6, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Meriam Park
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Listed by: Lindsay Montoya, eXp Realty of California, Inc.
Last Updated: 19 days ago
Data Source: CRMLS, MLS# SN26175149
Last Updated: 19 days ago
Data Source: CRMLS, MLS# SN26175149
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