18455 Old Monterey Road, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 2 bath
18455 Old Monterey Road
Morgan Hill, California 95037
Property Price
SUMMARY
Analysis of 18455 Old Monterey Road, Morgan Hill, California 95037 is currently available with a list price of $1,700,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Morgan Hill Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1950, this property is significantly aged. While it benefits from a 'recent expansion' of 400 sq ft and modern central AC/heating, there are no interior images provided, especially of the kitchen and bathrooms. The absence of these crucial photos, combined with the property's age and the exterior showing signs of deferred maintenance (cracked pavement, dry landscaping, older outbuildings), strongly suggests that the interior, particularly the kitchen and bathrooms, are likely very outdated and require substantial repairs and rehabilitation to meet current standards. The listing's emphasis on development potential over the existing structure's condition further supports a 'Poor' rating for the home itself.
PROSSTRENGTHS & OPPORTUNITIES
- 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 Opportunity
The property offers exceptional development potential, with confirmed eligibility to be subdivided into 10 condo lots under new state law, making it highly attractive to investors and developers.
- Expansive Lot & Scenic Views
Situated on a generous 45,287 sq ft (over 1 acre) lot, the property boasts desirable views of hills, mountains, and a river, providing privacy and natural beauty.
CONSRISKS & DEFICIENCIES
- Older Construction
Built in 1950, the property's age may suggest potential for older systems or components that could require future maintenance or upgrades, despite recent additions.
- Limited Garage Space
The property features only a single-car garage, which may be insufficient for a 4-bedroom home, potentially leading to parking or storage challenges for larger families or multiple vehicles.
- Absence of Formal Dining Area
The current layout lacks a formal dining room, which might not appeal to buyers who prioritize a dedicated space for formal entertaining or large family gatherings.
About 18455 Old Monterey Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 45,287 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 2,403 | 2,401 | 50% |
| Lot Size | 45,287 | 8,266 | 90% |
| Price | $1.70M | $1.50M | 62% |
| Price per sq ft | $707 | $664 | 63% |
| Built year | 1950 | 1991 | 10% |
| HOA | $0 | $80 | 43% |
| Days on market | 243 | 163 | 79% |
Pricing History
Listed for Sale
Jul 7, 2025
$1,700,000
Initial Listing