16655 Oak View Circle, Morgan Hill, California 95037, Morgan Hill, 95037 - 5 bed, 5 bath
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Morgan Hill, California 95037
This Value-Add Hillside Estate represents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,679,321 Fair Market Value by 10%. This valuation gap secures $179,321 in Instant Equity. While the property holds a Fair Condition Rating due to its original 1975 finishes and a pool requiring restoration, the massive 4,534 sqft living area on a 36,800 sqft lot offers significant upside. Featuring panoramic valley views near Nordstrom Elementary, this is a prime acquisition for Multi-generational Families or Value-Add Investors.
Property is moderate renovation needed.
Built in 1975, the home is well-maintained and functional but remains largely in its original state. The kitchen and bathrooms feature dated tile countertops and vintage cabinetry from the 1970s. While the interior is spacious and move-in ready, the property requires significant cosmetic updates and the pool specifically needs refinishing or removal, placing it in the fair category due to age and dated systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 36800, living area = 4534.
Boasting over 4,534 square feet with five bedrooms and five bathrooms, this home offers an exceptionally large footprint and a versatile layout ideal for multi-generational living or large families.
The property features premium views of the valley, hills, and vineyards from multiple vantage points, including the windows, decks, and patio, significantly enhancing its aesthetic appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The listing indicates the pool requires either refinishing or removal, representing a potentially high immediate cost and a significant project for the buyer.
Built in 1975, the home features vintage elements like a sunken tub and wet bar that may require substantial cosmetic modernization to meet current luxury market expectations.
Welcome to this spacious 5-bedroom, 4-bathroom home located in the charming city of Morgan Hill. This property offers over 4,534 square feet of living space, perfect for both comfort and entertaining. Enjoy the comfort of central AC and high ceilings throughout. The home features two separate family rooms and a dining area with multiple seating options, including a breakfast bar and formal dining room. For convenience, the laundry room includes a washer and dryer and is located inside the home. The property lies within the Morgan Hill Unified School District. Additional amenities include a wet bar, walk-in closets. With more than one bedroom on the ground floor and a primary suite with an oversized sunken tub. This home is perfect for a extended family with two family rooms. Large patio with pool that can be removed or refinished. Valley Views from windows decks and patio.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades K-8 • 0.5 mi
Grades 6-8 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 69% |
| Baths | 5.0 | 3.0 | 81% |
| Square foot | 4,534 | 2,555 | 88% |
| Lot Size | 36,800 | 9,753 | 85% |
| Price | $1.50M | $1.54M | 48% |
| Price per sq ft | $331 | $666 | 2% |
| Built year | 1975 | 1991 | 22% |
| HOA | $42.0 | $82 | 46% |
| Days on market | 28 | 148 | 1% |
Mar 25, 2026
$1,500,000
Initial Listing