
Morgan Hill, California 95037
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned well below the $981,572 Fair Market Value by 3%. This valuation gap offers $32,572 in Instant Equity. Featuring R3 Zoning and a Condition Rating of 3, the home offers significant development flexibility alongside modern interior updates. Its prime downtown location and versatile side yard provide strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 190 Warren Avenue Subject 3 bd · 2 ba · 1,264 sqft · $751 | $899,000* List Price | 3 | 2 | 1,264 | $751 | - |
A 215 Longview Drive Sold 3 bd · 2 ba · 1,402 sqft · $820 · 0.5 mi | $1,150,000 | 3 | 2 | 1,402 | $820 | 0.5 mi |
B 515 W Dunne Avenue Sold 3 bd · 2 ba · 1,147 sqft · $863 · 0.4 mi | $990,000 | 3 | 2 | 1,147 | $863 | 0.4 mi |
C 17765 Calle Hermosa Sold 3 bd · 3 ba · 1,364 sqft · $709 · 0.8 mi | $967,000 | 3 | 3 | 1,364 | $709 | 0.8 mi |
D 156 W Dunne Avenue Active Under Contract 3 bd · 2 ba · 1,548 sqft · $646 · 0.3 mi | $999,988 List Price | 3 | 2 | 1,548 | $646 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1910, the home has undergone significant renovations within the last 5 to 15 years. The kitchen is updated with stainless steel appliances and stone countertops, and the bathroom features a modern glass-enclosed shower and vessel sink. The interior has updated flooring and is well-maintained and move-in ready.
Situated just steps from downtown Morgan Hill, this property offers exceptional walkability to local restaurants, shops, the farmers market, and community events.
The R3 zoning designation provides significant investment flexibility, offering rare potential for future development or multi-unit expansion in a high-demand area.
The spacious side yard accommodates oversized vehicles, boats, or trailers, providing a functional utility that is often difficult to find in central residential lots.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1910, the home's vintage structure may require significant investment in modernizing aging systems, such as plumbing, electrical, or foundation work.
With only 1,264 square feet for a three-bedroom configuration, the interior layout may feel constrained for buyers accustomed to modern, open-concept living standards.
Welcome to 190 Warren Ave., a charming 1910 bungalow just steps from downtown Morgan Hill! This 3-bedroom, 2-bath home is full of character and offers a wonderful opportunity to enjoy all that downtown living has to offer. The spacious side yard provides plenty of room for oversized vehicle, boat, or trailer parking. Zoned R3, offering additional possibilities for the property. Walk to downtown restaurants, shops, the farmers market, and community events. A cute home with vintage charm, great outdoor space, and an unbeatable location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,264 | 2,354.219 |
| Lot Size | 6,000 | 9,329.156 |
| Price | $899.0K | $1.50M |
| Price per sq ft | $711 | $674 |
| Built year | 1910 | 1992 |
| HOA | $0 | $192 |
| Days on market | 30 | 45 |
Oct 7, 2026
$899,000
$949,000
-5% Price Drop
Initial Listing
Sep 24, 2026
$949,000
Initial Listing
Jun 13, 2002
$400,000
Public Record
Jun 25, 1999
$255,000
Public Record