406 Panama Avenue, Chico, CA 95973 - Photo 1

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$585,000

For Sale
Active
Single Family
4 Beds
1 Full Bath
1 Partial Bath
2,756 Sq. Ft.
2 Car Garage
Updated 7 days ago

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Property Description

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. Don't miss out on this one!

Full Property Details

Full Property Details for 406 Panama Ave

General

Price: $585,000
Status: Active
Type: Single Family
Source: MRMLS
MLS ID: SN25231386
Updated: 1/10/2026
Days on Market: 106 days
Added to Site: 106 day(s) ago

Interior

Rooms/Areas: Bonus Room, Kitchen, Laundry, Main Floor Bedroom
Interior Features: Ceiling Fan(s), Pantry
Fireplace: Yes
Fireplace(s): Family Room, Living Room
Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave
Flooring: Vinyl, Wood

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
3/4 Bathrooms: 1

Bedrooms

Total Bedrooms: 4

Other Rooms

Laundry: Individual Room, Inside

Additional Information

Pool Description: None
Spa Description: None

Exterior

Deck/Patio: Concrete, Deck, Porch, Wood

Parking

Garage: Yes
Garage Spaces: 2
Parking: Garage (Direct Access), Concrete, Paved, Driveway Level, Garage, RV Access/Parking

Location

County: Butte
Driving Directions: Esplanade to Panama. Last house on the left.

School Information

School District: Chico Unified

Community

Community Features: Biking, Hiking

Heating & Cooling

Cooling Type: Central Air, Dual
Heating Type: Central

Utilities

Sewer: Conventional Septic
Water: Public

Structural Information

Architectural Style: Custom-Built
Structure Type: Single Family Residence
Construction: Plaster, Stucco
Foundation: Raised
Roof: Composition
Common Walls: No Common Walls
Windows: Bay Window(s), Screens
Doors: French Doors
Entry Location: 1
Stories/Levels: One
Stories Description: One
Square Feet: 2,756
Sq. Ft. Source: Public Records
Year Built: 1948
Year Built Source: Public Records
Property Condition: Turnkey

Lot Features

Property View: Neighborhood
Lot Size (Acres): 1.51
Lot Size (Sq. Ft.): 65,776
Lot Size Source: Public Records
Lot Dimensions: 65776
Zoning: ML-AOD, PD
Lot Description: Agricultural, Back Yard, Level with Street, Lot Over 40000 Sqft, Rectangular Lot
Fencing (Description): Chain Link

Financial Considerations

Price Per Sq. Ft.: $212.26

Disclosures and Reports

Special Conditions: Standard, Trust

Listed by eXp Realty of California, Inc., Elke Haldorson

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Listing agent

— 406 Panama Ave —

Elke Haldorson

eXp Realty of California, Inc.

5303215951

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NMLS#: 1598647

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Schools

Schools serving 406 Panama Ave

School District:Chico Unified School District

Name	Grades	Distance
Mcmanus (John A.) Elementary School 988 E. Ave., Chico, CA 95926	K-5	1 mi
Bidwell Junior High School 2376 North Avenue, Chico, CA 95926	6-8	1.1 mi
Pleasant Valley High School 1475 East Avenue, Chico, CA 95926	9-12	2.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 Panama Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/05/2026

Price Reduced

$585,000

-5.65%

MLS

10/03/2025

Listed

$620,000

520%

MLS

2/01/1995

Sold

$100,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 406 Panama Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,949

153%

$601,800

2%

2023

$2,746

—

$590,000

140%

2023

$2,746

2%

$245,627

2%

2022

$2,699

2%

$240,811

2%

2021

$2,649

—

$236,091

1%

2020

$2,641

2%

$233,671

2%

2019

$2,593

2%

$229,090

2%

2018

$2,546

2%

$224,599

2%

2017

$2,494

10%

$220,196

2%

2016

$2,276

—

$215,879

2%

2015

$2,276

2%

$212,637

2%

2014

$2,234

-1%

$208,473

—

2013

$2,263

—

$207,532

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 406 Panama Ave

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406 Panama Avenue, Chico, CA 95973 (MLS# SN25231386) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 406 Panama Avenue is currently listed for $585,000 and was received on October 03, 2025. Want to learn more about 406 Panama Avenue? Do you have questions about finding other Single Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.

406 Panama Ave Chico, CA 95973