16700 Fountain Avenue, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 2 bath
ACTIVE$1,290,000
16700 Fountain Avenue, Morgan Hill, California 95037
4Beds
2Baths
1,502Sqft
6,324Lot
Price Vs. Estimate
The estimated value ($1,216,435.85) is $73,564.15 (5%) lower than the list price ($1,290,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential: The property is explicitly marketed as an 'unpermitted multi-unit property' perfect for investors or buyers seeking extra income, offering two separate units.
Top Cons:
Unpermitted Multi-Unit Status: The property is an 'unpermitted multi-unit property,' which presents significant legal and financial risks, potential for fines, and the burden of bringing it to code or reverting it.
Compared to the nearby listings
Price:$1.29M vs avg $1.46M ($-170,000)35%
Size:1,502 sqft vs avg 2,344 sqft20%
Price/sqft:$859 vs avg $64690%
More Insights
Built in 1975 (50 years old).
Condition: Built in 1975, this property presents as move-in ready with several recent updates. The kitchen has been significantly renovated with modern white cabinetry, dark countertops, and stainless steel appliances. Flooring throughout, including wood-look laminate and clean carpets, along with fresh paint, contribute to a well-maintained appearance. While the bathrooms are clean and functional, their style with older vanities and tub/shower combos suggests they have not been recently updated. The exterior and landscaping are tidy. Despite the 'as-is' sale and unpermitted multi-unit status, the visible physical condition of the home's components is generally good, requiring no immediate renovations, though a buyer might choose to update the bathrooms for aesthetic consistency.
Year Built
1975
Close
-
List price
$1.29M
Original List price
$1.39M
Price/Sqft
$859
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023921
Home ConditionGood
Features
Patio
View-
About this home
Opportunity knocks!! This unpermitted multi-unit property is perfect for investors, or buyers looking for extra income. The original, single-story home is a 4 bedroom 2 bath that has been separated into 2 units with two separate entrances. The first unit is a 2 bedroom 1 bath with access to a 2 car garage and a side yard with an artist studio. The second unit is a 1 bedroom 1 bath with access to a large private fenced back yard. Property is being sold as-is and is easily converted back to it's original 4 bedroom 2 bath floorpan. Buyer to verify all potential uses. Property has fresh landscaping throughout and is set on over a 6,000 square foot lot! Quiet street in a desirable neighborhood with great schools including Jackson Academy of Math and Music.
Nearby schools
6/10
Jackson Academy Of Music And Math (Jamm)
Public,•K-8•0.4mi
5/10
Lewis H. Britton Middle School
Public,•6-8•2.6mi
5/10
Live Oak High School
Public,•9-12•1.5mi
Condition Rating
Good
Built in 1975, this property presents as move-in ready with several recent updates. The kitchen has been significantly renovated with modern white cabinetry, dark countertops, and stainless steel appliances. Flooring throughout, including wood-look laminate and clean carpets, along with fresh paint, contribute to a well-maintained appearance. While the bathrooms are clean and functional, their style with older vanities and tub/shower combos suggests they have not been recently updated. The exterior and landscaping are tidy. Despite the 'as-is' sale and unpermitted multi-unit status, the visible physical condition of the home's components is generally good, requiring no immediate renovations, though a buyer might choose to update the bathrooms for aesthetic consistency.
Pros & Cons
Pros
Income Potential: The property is explicitly marketed as an 'unpermitted multi-unit property' perfect for investors or buyers seeking extra income, offering two separate units.
Flexible Floorplan: The original 4-bedroom, 2-bath home has been separated into two units but can be 'easily converted back to its original 4 bedroom 2 bath floorplan,' providing versatility for various buyer needs.
Desirable Location & Schools: Situated on a 'quiet street in a desirable neighborhood' with access to 'great schools including Jackson Academy of Math and Music' (rated 6 and close by).
Generous Outdoor Space & Amenities: Set on over a 6,000 square foot lot with 'fresh landscaping throughout,' a 'large private fenced back yard,' and an 'artist studio' for creative pursuits or additional space.
Two-Car Garage: The first unit includes access to a 2-car garage, providing valuable parking and storage solutions.
Cons
Unpermitted Multi-Unit Status: The property is an 'unpermitted multi-unit property,' which presents significant legal and financial risks, potential for fines, and the burden of bringing it to code or reverting it.
As-Is Condition & Buyer Responsibility: Being sold 'as-is' and requiring the 'Buyer to verify all potential uses' places considerable due diligence, inspection, and potential repair costs squarely on the buyer, especially given the unpermitted status.
Overpriced Relative to Market: Despite a recent price reduction from $1.39M to $1.29M, the current listing price is still 9% above the estimated market value of $1.17M, suggesting it may be overpriced and could face further market resistance.