15223 Perry Lane, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 3 bath

15223 Perry Lane, Morgan Hill, California 95037 home-pic-0
ACTIVE$1,599,900
15223 Perry Lane, Morgan Hill, California 95037
4Beds
3Baths
2,850Sqft
110,676Lot

Price Vs. Estimate

The estimated value ($1,746,889.01) is $146,989.01 (9%) higher than the list price ($1,599,900). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 110676, living area = 2850.
Top Cons:
Age of Property (1978): Despite recent updates, the 1978 construction year suggests that some original systems (e.g., plumbing, insulation) or design elements may still be present and could require future attention or modernization.

Compared to the nearby listings

Price:$1.60M vs avg $1.50M (+$99,900)54%
Size:2,850 sqft vs avg 2,347 sqft68%
Price/sqft:$561 vs avg $64122%

More Insights

Built in 1978 (47 years old).
Condition: The property, built in 1978, has undergone significant recent updates including a new roof, paint, siding, and electrical system, as stated in the description. The kitchen features updated stainless steel appliances, granite/marble countertops, and hardwood flooring, while the bathrooms show modern fixtures and tiling. These updates make the home move-in ready with no immediate renovations required. While some elements like the carpeting and the unique blue fireplace in the loft area suggest an older aesthetic, the major systems and key areas (kitchen, bathrooms) are well-maintained and updated within a reasonable timeframe, aligning with the 'Good' condition criteria.
Year Built
1978
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$561
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025368
Home ConditionGood
Features
Good View: Canyon, Hills, Trees/Woods
Patio
ViewCanyon, Hills, Trees/Woods

About this home

Tranquility awaits you with this 2.5 acre oasis at the end of a cul de sac on a private tree lined lane in the sought after Morgan Hill area of Paradise Valley. Rarely does this type of property come on the market, just on the outskirts of town, but feeling miles away from it all, with no neighbors on three sides of the property. On the ground floor enjoy a large entry, three spacious bedrooms, one and a half baths, kitchen with lots of cabinets, marble countertops, walk-in pantry and eat-in area, living room and formal dining area with vaulted ceilings, family room with fireplace and gas lighter, as well as a separate laundry room with utility sink. The expansive primary suite is secluded on the second floor with a cedar lined walk-in closet and adjacent retreat/loft area (complete with its own fireplace and built in office center). Updates abound in the home, including new roof, paint, siding and electrical. With outstanding views of the neighboring valleys and mountains, don't pass up this opportunity to own a little slice of paradise. Located in an area of $3+ million properties. See disclosures for the numerous upgrades to this home. Sale includes all appliances.

Condition Rating
Good

The property, built in 1978, has undergone significant recent updates including a new roof, paint, siding, and electrical system, as stated in the description. The kitchen features updated stainless steel appliances, granite/marble countertops, and hardwood flooring, while the bathrooms show modern fixtures and tiling. These updates make the home move-in ready with no immediate renovations required. While some elements like the carpeting and the unique blue fireplace in the loft area suggest an older aesthetic, the major systems and key areas (kitchen, bathrooms) are well-maintained and updated within a reasonable timeframe, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 110676, living area = 2850.
Expansive & Private Acreage: The property boasts a generous 2.5-acre lot at the end of a cul-de-sac, offering exceptional privacy with no neighbors on three sides, creating a tranquil and secluded oasis.
Desirable Location & Upscale Neighborhood: Situated in the sought-after Paradise Valley area of Morgan Hill, the property is surrounded by $3+ million residences, indicating a prestigious community and strong investment potential.
Significant Recent Updates: Major improvements including a new roof, fresh paint, updated siding, and electrical system have been completed, reducing immediate maintenance concerns for a prospective buyer.
Outstanding Panoramic Views: The home offers captivating views of neighboring valleys, mountains, canyons, and trees, enhancing its aesthetic appeal and providing a serene living environment.
Luxurious Primary Suite & Functional Layout: Features an expansive primary suite with a cedar-lined walk-in closet and a dedicated retreat/loft area with its own fireplace and built-in office, complemented by a well-designed ground floor with separate living spaces and a well-appointed kitchen.

Cons

Age of Property (1978): Despite recent updates, the 1978 construction year suggests that some original systems (e.g., plumbing, insulation) or design elements may still be present and could require future attention or modernization.
Lack of Specific HVAC/Cooling Information: The property description highlights fireplaces but does not explicitly mention a central air conditioning or cooling system, which could be a significant drawback and potential expense in California's climate.
Ambiguous School District Information: The high school district is listed as 'Other,' which may raise questions for buyers prioritizing specific school zones or seeking detailed educational information for their families.

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