, Morgan Hill, California 95037, Morgan Hill, 95037 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$550,000
, Morgan Hill, California 95037
3Beds
2Baths
1,612Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Desirable Location: Situated in Morgan Hill, a sought-after South Bay Area community, offering good schools and a suburban lifestyle.
Top Cons:
Requires Significant Work: The property description explicitly states it 'needs some work,' implying a need for immediate capital investment for repairs and upgrades.
Compared to the nearby listings
Price:$550.0K vs avg $1.46M ($-910,000)2%
Size:1,612 sqft vs avg 2,344 sqft23%
Price/sqft:$341 vs avg $6412%
More Insights
Built in 1986 (39 years old).
Condition: The property was built in 1986, making it 38 years old. The description explicitly states it's an 'Investor special' and 'needs some work,' indicating it's not move-in ready and requires updates. While no interior images are provided to assess the kitchen, bathrooms, or other interior features, a home of this age, described as needing work for an investor, strongly suggests that major components are functional but show significant signs of being outdated, requiring cosmetic and potentially some functional updates. The exterior appears maintained, not dilapidated, which rules out 'Poor' or 'Tear-down' based on visible evidence. This aligns with the 'Fair' criteria for properties built over 20 years ago (specifically within the 25-40 year range) that require minor updates or repairs due to age and lack of recent major renovations.
Year Built
1986
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$341
HOA
$160
Days on market
-
Sold On
-
MLS number
ML81431245
Home ConditionFair
Features
View-
About this home
Great area in Morgan Hill..Investor special homes does needs some work. Price to sell fast.
Condition Rating
Fair
The property was built in 1986, making it 38 years old. The description explicitly states it's an 'Investor special' and 'needs some work,' indicating it's not move-in ready and requires updates. While no interior images are provided to assess the kitchen, bathrooms, or other interior features, a home of this age, described as needing work for an investor, strongly suggests that major components are functional but show significant signs of being outdated, requiring cosmetic and potentially some functional updates. The exterior appears maintained, not dilapidated, which rules out 'Poor' or 'Tear-down' based on visible evidence. This aligns with the 'Fair' criteria for properties built over 20 years ago (specifically within the 25-40 year range) that require minor updates or repairs due to age and lack of recent major renovations.
Pros & Cons
Pros
Desirable Location: Situated in Morgan Hill, a sought-after South Bay Area community, offering good schools and a suburban lifestyle.
Aggressive Pricing: Listed at $550,000, this property is priced very competitively for a single-family home in Morgan Hill, indicating a strong value proposition.
Investor Opportunity: Explicitly marketed as an 'investor special,' it presents a clear opportunity for buyers willing to undertake renovations to build equity.
Desirable Property Type: A 3-bedroom, 2-bathroom single-family residence with 1,612 sqft and a 6,098 sqft lot, appealing to a broad range of buyers.
Market Interest: Currently 'Active Under Contract,' indicating existing buyer interest and demand for properties in this price range and location.
Cons
Requires Significant Work: The property description explicitly states it 'needs some work,' implying a need for immediate capital investment for repairs and upgrades.
Extended Market History: The 'on_market_date' of August 27, 2014, suggests an unusually long market history, which could indicate underlying issues or challenges in previous attempts to sell.
Additional Monthly Costs: A monthly association fee of $160 adds to the overall carrying costs, which may impact affordability or investment returns.