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18455 Old Monterey Road, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 2 bath

18455 Old Monterey Road, Morgan Hill, California 95037 home-pic-0
ACTIVE$1,700,000
18455 Old Monterey Road, Morgan Hill, California 95037
4Beds
2Baths
2,403Sqft
45,287Lot

Price Vs. Estimate

The estimated value ($1,755,505.02) is $55,505.02 (3%) higher than the list price ($1,700,000). 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 = 45287, living area = 2403.
Top Cons:
Age of Construction: Built in 1950, the property may require significant updates to its infrastructure, systems, or aesthetics to meet modern buyer expectations and standards.

Compared to the nearby listings

Price:$1.70M vs avg $1.50M (+$200,000)61%
Size:2,403 sqft vs avg 2,347 sqft50%
Price/sqft:$707 vs avg $64662%

More Insights

Built in 1950 (75 years old).
Condition: Built in 1950, this property is significantly aged. The complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and likely require substantial renovation to meet current standards. While a 400 sq ft addition was recently completed, this does not indicate a full renovation of the original 2000+ sq ft structure. The property analysis also explicitly lists 'Age of Construction' as a weakness, reinforcing the need for significant updates. The exterior shows signs of wear, including cracked pavement and unkempt landscaping, further indicating deferred maintenance. Although major systems like central AC and forced air heating are present, the overall condition points to a property that needs considerable rehabilitation beyond minor cosmetic updates.
Year Built
1950
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$707
HOA
-
Days on market
-
Sold On
-
MLS number
ML82013611
Home ConditionPoor
Features
Good View: Hills, Mountain(s), River
Patio
ViewHills, Mountain(s), River

About this home

400 sq feet just added with permits. Just got word that this property can be developed into 10 Condo lots per the new state law. Bring your developer skills. Investors Wanted... Call me today as I have gathered the information you need to know. Welcome to your new home in Morgan Hill! This spacious property offers 4 bedrooms and 2 full bathrooms across 2020 sq ft, providing ample space for family living. The central hub of the house is the kitchen, designed with functionality in mind, perfect for preparing meals and hosting gatherings. Enjoy cozy evenings in the separate family room, complete with a fireplace that adds warmth and charm to your living space. The home features central AC, ensuring comfort during warm summers, and forced air heating for cooler months. With no formal dining room, the layout encourages relaxed family meals in the kitchen area or family room. Additional amenities include a storage facility and workshop, ideal for hobbies or additional storage needs. The property sits on a generous 45,287 sq ft lot, offering plenty of outdoor space. Located in the Morgan Hill Unified School District, this home is conveniently positioned for families seeking educational opportunities. A single-car garage provides convenience and protection for your vehicle.

Condition Rating
Poor
Built in 1950, this property is significantly aged. The complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and likely require substantial renovation to meet current standards. While a 400 sq ft addition was recently completed, this does not indicate a full renovation of the original 2000+ sq ft structure. The property analysis also explicitly lists 'Age of Construction' as a weakness, reinforcing the need for significant updates. The exterior shows signs of wear, including cracked pavement and unkempt landscaping, further indicating deferred maintenance. Although major systems like central AC and forced air heating are present, the overall condition points to a property that needs considerable rehabilitation beyond minor cosmetic updates.
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 = 45287, living area = 2403.
Significant Development Potential: The property offers exceptional value for investors and developers, with confirmed potential to be developed into 10 condo lots under new state law.
Expansive Lot Size: A generous 45,287 sq ft (over 1 acre) lot provides ample outdoor space, privacy, and significant future expansion or development possibilities.
Recent Permitted Expansion: A 400 sq ft addition completed with permits enhances the overall living space and indicates recent, approved improvements to the property.
Comprehensive Climate Control: Equipped with both central air conditioning and forced air heating, ensuring comfortable living conditions throughout the year.
Practical Amenities & Scenic Views: The home features a separate family room with a fireplace, a dedicated workshop, additional storage, and offers scenic views of hills, mountains, and a river.

Cons

Age of Construction: Built in 1950, the property may require significant updates to its infrastructure, systems, or aesthetics to meet modern buyer expectations and standards.
Limited Garage Capacity: The property includes only a single-car garage, which may be insufficient for a 4-bedroom home or families requiring space for multiple vehicles or extensive storage.
Absence of Formal Dining Room: The current layout lacks a dedicated formal dining room, which might be a drawback for buyers who prefer a separate space for traditional entertaining.

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