156 W Dunne Avenue, Morgan Hill, California 95037, Morgan Hill, 95037 - 3 bed, 2 bath
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156 W Dunne Avenue
Morgan Hill, California 95037
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,548Sq Ft
5,250Lot Size
Property Price
LIST PRICE$999,988
EST. MARKET VALUE
$1,040,960
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,075,000—positioned well below the $1,097,813 Fair Market Value by 2%. This valuation gap offers $22,813 in Instant Equity. Featuring a detached 639 SF ADU and a Fair Condition Rating, the home provides significant value-add potential through modernization. Its prime location near downtown Morgan Hill and scenic El Toro mountain views ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living solution.
Estimated Market Value
$1,040,960+$40,972 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Morgan Hill.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 156 W Dunne Avenue Subject | $999,988* List Price | 3 | 2 | 1,548 | $672 | - |
A 915 Oak Park Drive Sold | $1,150,000 | 3 | 2 | 1,771 | $649 | 0.6 mi |
B 215 Longview Drive Sold | $1,150,000 | 3 | 2 | 1,402 | $820 | 0.7 mi |
C 395 Heidi Drive Sold | $1,222,000 | 3 | 2 | 1,517 | $806 | 0.8 mi |
D 16735 Del Monte Avenue Pending | $1,050,000 List Price | 4 | 2 | 1,760 | $597 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1982, the property is over 40 years old with kitchen and bathrooms that appear original or significantly dated (tile countertops, oak cabinetry, and older fixtures). While the listing notes new paint, carpet, and lighting, the core wet rooms and likely the original systems exceed the 20-year threshold for updates, placing it firmly in the 'Fair' category as a functional but dated home needing modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property includes a detached 639 SF ADU with a private entrance, providing a turnkey opportunity for rental income or multi-generational living.
- Prime Downtown Location
Located just a short walk from lively downtown Morgan Hill, the home offers exceptional access to local dining, shops, and community events like the Freedom Fest.
- Recent Cosmetic Updates
Fresh interior paint, new carpeting, and updated lighting fixtures provide a clean, move-in-ready foundation for buyers to build upon.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted as needing 'a little TLC,' suggesting that beyond cosmetic updates, additional investment may be required for modernization or repairs.
- Limited Parking
With only a one-car garage to serve two potential residential units, parking could be a significant constraint for multi-tenant or large family occupancy.
About 156 W Dunne Avenue
Need a multi-family or multi-generational home? Investors - TWO rental properties on one lot! This custom ranch style home is just a few minutes walk to lively downtown Morgan Hill! So much potential, it's ready to move in and ready for your vision and a little TLC. New paint, carpeting & lighting fixtures throughout. BONUS!! Appx. 639 SF detached 1 bdrm/1 bath guest house/ADU with Private entrance. 1 car garage. You'll enjoy the peaceful, countryside landscape across the street, views of El Toro from your kitchen window and have front row seats for the Morgan Hill Freedom Fest Fourth of July Parade each year!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 5,250 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,548 | 2,310.964 |
| Lot Size | 5,250 | 8,529.821 |
| Price | $1000.0K | $1.54M |
| Price per sq ft | $646 | $687 |
| Built year | 1982 | 1993 |
| HOA | $0 | $150 |
| Days on market | 35 | 42 |
Pricing History
Listed for Sale
Sep 1, 2026
$999,988
$1,075,000
-7% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,075,000
Initial Listing
Sold
May 17, 1996
$240,000
Public Record