No one buys a "dump" without knowing what they are getting and making a voluntary choice. I don't know anything about the home you are asking about, but if it's overpriced it won't sell. At some point the price and value with intersect and a buyer who sees potential will appear, hopefully hire a competent inspector and make an informed decision.... more
I live in Sacramento. I bought 2 houses 7 years ago in Oroville. Prices are about where the were over 10 years ago in Oroville. I am going to retire there in the next few years.
You have to be careful about rental property (I learned). There is a high unemployment rate there, not a lot of good jobs. If someone has a decent job, why can't they buy a house there since houses are so cheap?
Stay away from the "south side" of Oroville. It is still many times more safe than the bad areas in Sacramento. However, decent tenants don't want to rent a house in a bad area. 2nd street in Oroville is o.k. but lots of rental properties there. You really gotta be careful. Location...location...location. I would just focus on a really nice area for the little more you may spend. Parts of old town are nice. If you drive up into the foothills, there are some beautiful homes. Just stay away from areas that are concentrated with rental properties in Oroville. There are a lot of them. Trust me..I learned my lesson!... more
This particular property is zoned commercial. Thats would be the reason for the asking price. What type of property do you own. There are not many pieces avaibale for sale in Butte Valley. Butte Valley is a desired area especially for horse people..However land sales are slow in this cutrrent market. Please let me know if you need further assistance.... more