This 3-bed, 2-bath property in Oroville's Kelly Ridge community has moderate flip potential. Built in 1992 with 2,053 sqft on a 6,970 sqft lot, it's currently valued around $430K based on recent estimates. The property's proximity to Lake Oroville and recreational amenities adds value, but having been sold in 2019 for $330K means appreciation has already occurred.
Consider a strategic renovation focusing on kitchen and bathroom updates to maximize ROI. Based on comp data, adding a bedroom or bathroom could increase value by 7-11% (approximately $30K-$46K). However, with current valuation already reflecting market appreciation, your profit margins may be thinner than ideal for a traditional flip. Target cosmetic improvements that boost appeal without major structural changes.