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1655 Martinez Way, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 3 bath

1655 Martinez Way, Morgan Hill, California 95037 home-pic-0
ACTIVE$2,300,000$2,809/sqft
Est. Value: $2,258,571
-1%
FairlyEstimate
1655 Martinez Way, Morgan Hill, California 95037
4Beds
3Baths
2,809Sqft
17,595Lot

Price Vs. Estimate

The estimated value ($2,258,571.03) is $41,428.97 (1%) lower than the list price ($2,300,000). This property may be overpriced.

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 = 17595, living area = 2809.
Top Cons:
Association Fee: There is an ongoing monthly association fee of $75, which adds to the overall cost of homeownership.

Compared to the nearby listings

Price:$2.30M vs avg $1.48M (+$825,000)86%
Size:2,809 sqft vs avg 2,344 sqft65%
Price/sqft:$819 vs avg $64184%

More Insights

Built in 2014 (12 years old).
Condition: Built in 2014, this property is only 10 years old and presents in virtually new condition. The kitchen boasts modern white shaker cabinets, stainless steel appliances, granite countertops, and a stylish backsplash. Bathrooms are luxurious with contemporary fixtures, dual vanities, separate soaking tubs, and glass-enclosed showers. High-quality engineered hardwood and tile flooring are found throughout, and the home includes desirable features like owned solar panels, a whole-house water softener, and air conditioning. There is no visible deferred maintenance, aligning perfectly with 'Excellent' condition criteria.
Year Built
2014
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$819
HOA
$75
Days on market
-
Sold On
-
MLS number
ML82031420
Home ConditionExcellent
Features
Good View:
Pool
Spa
Patio
View-

About this home

Welcome to 1655 Martinez Way, a stunning residence newly built in 2014 that offers a perfect blend of comfort and style. With 4 bedrooms plus an office, and 2.5 bathrooms spread across 2,809 square feet of living space, this home is perfectly suited for both relaxation and entertainment. Every corner of this home radiates elegance and comfort, from the inviting living area adorned with a cozy fireplace and a separate family room that is perfect for family gatherings. The thoughtfully designed kitchen features an island, stainless steel appliances, and gas cooktop that cater to both casual meals and culinary endeavors. The spacious primary suite features a luxurious bathroom with a separate soaking tub and shower, dual vanities, and a walk-in closet complete with a custom organization system. The private backyard oasis features a sparkling pool, a louvered pergola housing a relaxing hot tub, vegetable and rose gardens, gas fire pit, children's play structure, and a large variety of fruit and citrus trees. Additional features include garage space for three cars, tile and engineered hardwood flooring, owned solar panels, whole house water softener system, and air conditioning for the warm summer months.

P
Paul Yang
Listing Agent

Nearby schools

6/10
Nordstrom Elementary School
Public,•K-5•0.6mi
5/10
Martin Murphy Middle School
Public,•6-8•9.6mi
5/10
Live Oak High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
11/23/22
Sold
$1,850,000
07/10/14
Sold
$2,321,000
Condition Rating
Excellent
Built in 2014, this property is only 10 years old and presents in virtually new condition. The kitchen boasts modern white shaker cabinets, stainless steel appliances, granite countertops, and a stylish backsplash. Bathrooms are luxurious with contemporary fixtures, dual vanities, separate soaking tubs, and glass-enclosed showers. High-quality engineered hardwood and tile flooring are found throughout, and the home includes desirable features like owned solar panels, a whole-house water softener, and air conditioning. There is no visible deferred maintenance, aligning perfectly with 'Excellent' 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 = 17595, living area = 2809.
Modern Construction & Condition: Built in 2014, this residence offers contemporary design, features, and reduced immediate maintenance needs, providing a move-in ready experience.
Exceptional Outdoor Entertainment: The private backyard is a true oasis, featuring a sparkling pool, a louvered pergola with a hot tub, gas fire pit, vegetable/rose gardens, a children's play structure, and a variety of fruit trees.
Luxurious Primary Suite: The spacious primary suite boasts a luxurious bathroom with a separate soaking tub and shower, dual vanities, and a walk-in closet complete with a custom organization system.
Energy Efficiency & Premium Amenities: Equipped with owned solar panels, a whole-house water softener system, and air conditioning, enhancing comfort, convenience, and reducing utility costs.
Versatile & Spacious Interior: The home offers a functional layout with 4 bedrooms plus a dedicated office, separate living and family rooms, and a thoughtfully designed kitchen with an island and stainless steel appliances.

Cons

Association Fee: There is an ongoing monthly association fee of $75, which adds to the overall cost of homeownership.
Middle School Proximity: The assigned middle school (Martin Murphy Middle School) is located approximately 9.5 miles away, which could be a considerable commute for students.
Limited Appreciation Since Original Sale: The current list price of $2.3M is slightly below its original sale price of $2.321M in 2014, suggesting limited capital appreciation over a decade, which might concern some investors or long-term buyers.
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