Looking for an affordable California property with room to renovate and build equity? This single-story home at 14762 Masterson Way in Magalia offers an opportunity for investors, contractors, or buyers ready to take on a major renovation project. Listed for $79,000, the property features three bedrooms, two full bathrooms, and approximately 1,098 square feet of interior space on a generous 0.34-acre lot.
Built in 1980, the home has a practical floor plan with all three bedrooms on the main level, including a primary suite. The living room provides a central gathering space, while the kitchen offers a starting point for a future redesign. With two full bathrooms and a separate laundry area in the garage, the layout provides a foundation for someone looking to transform the property into a more modern residence.
The home requires a full renovation, so buyers should plan for significant work and carefully assess the condition of the structure, plumbing, electrical systems, roof, and other major components before making an offer. The low asking price reflects the property’s current condition, making it especially important to calculate renovation costs and confirm the scope of repairs.
Outside, the property sits on approximately one-third of an acre, with trees and woodland views creating a natural backdrop. The lot is described as a flag lot, accessed by a longer driveway, and includes an attached one-car garage. The surrounding Magalia area offers access to outdoor recreation and hiking opportunities, while the home’s location just off Skyway provides a driving route toward Paradise and Chico.
For buyers with a clear renovation plan, this property offers the chance to reimagine an existing home rather than start from scratch. Its three-bedroom layout, two bathrooms, sizable lot, and attached garage provide several features to work with once the necessary improvements are completed.
Property Highlights
- Asking price: $79,000
- 3 bedrooms and 2 full bathrooms
- Approximately 1,098 sq. ft. of living space
- Built in 1980
- Approximately 0.34-acre lot
- Single-story layout
- Primary bedroom suite
- All bedrooms located on the main level
- Living room and kitchen
- Laundry area in the garage
- Attached one-car garage
- Woodland views and surrounding trees
- Flag lot with a long driveway
- No HOA reported
- Convenient access to Skyway, Paradise, and Chico
- Full renovation needed
This property may appeal to buyers seeking a low-priced renovation project in Northern California. It is not move-in ready, and the total investment will depend on the condition of the home and the work required. Confirm the current asking price, property condition, utilities, permits, and renovation requirements with the listing agent before purchasing.
See more photos and details here zillow.
