227 Del Monte Lane, Morgan Hill, California 95037, Morgan Hill, 95037 - 2 bed, 2 bath
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227 Del Monte Lane
Morgan Hill, California 95037
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,365Sq Ft
1,308Lot Size
Property Price
LIST PRICE$629,888
EST. MARKET VALUE
$695,914
9% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $629,888—positioned well below the $695,915 Fair Market Value by 9%. This valuation gap offers $66,027 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a side-by-side 2-car garage, updated interiors, and an oversized wraparound deck overlooking the greenbelt. While the elementary school rating is modest, the property offers a premium, low-maintenance lifestyle. This is an ideal acquisition for first-time buyers or owner-occupants seeking immediate comfort and long-term value.
Estimated Market Value
$695,914+$66,026 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Morgan Hill.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 Del Monte Lane Subject | $629,888* List Price | 2 | 2 | 1,365 | $510 | - |
A 260 W Dunne Ave 34 Sold | $590,000 | 2 | 2 | 1,204 | $490 | 1.0 mi |
B 260 W. Dunne Avenue 18 Active | $674,900 List Price | 2 | 2 | 1,204 | $561 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1986, the property has undergone a recent comprehensive renovation (less than 5 years) including new carpet, fresh interior paint, updated lighting, and a new water heater. The kitchen and bathrooms have been refreshed with modern countertops and backsplashes, and the wraparound deck passed a 2024 structural inspection, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior Updates
The property is move-in ready featuring extensive recent improvements, including new carpet, fresh interior paint, updated lighting, and refreshed cabinetry and bathrooms.
- Superior Parking and Storage
A side-by-side two-car garage is a rare and highly desirable feature for a condominium, providing significantly more convenience and storage than typical tandem or carport options.
- Expansive Outdoor Living
The oversized wraparound deck overlooks a serene greenbelt and has passed recent structural inspections, offering a premium private outdoor space that is uncommon for the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1308, other record lot size in square feet = 2450.
- High Monthly HOA Fees
The association fee of $635 per month is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Low Elementary School Rating
The property is served by an elementary school with a rating of 2, which may be a deterrent for families prioritizing high-performing educational districts.
About 227 Del Monte Lane
Welcome to 227 Del Monte Lane, a light-filled 2-bedroom, 2-bath top-floor condo in desirable North Morgan Hill. Freshly updated throughout with new carpet, new interior paint, updated lighting, refreshed cabinetry, and renewed bathrooms, new water heater, this home is move-in ready while still offering the opportunity to make it your own. The open living area is anchored by a cozy fireplace and opens to an oversized wraparound deck overlooking the greenbelt, creating a natural extension of the indoor living space. Both bedrooms are generously sized, including a spacious primary suite with a walk-in closet and ensuite bath. In-unit laundry, Side by Side 2-car garage, and Frontier fiber-optic internet readiness add to the everyday convenience. The wraparound deck was replaced by the HOA within the past decade and passed its 2024 structural inspection. Ideally located just steps from the community pool, hot tub, and beautifully maintained greenbelt, with convenient access to downtown Morgan Hill, shopping, dining, parks, and commuter routes north toward San Jose.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 1,308 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $635.0 / Month
Neighborhood Insights
Morgan Hill Unified Schools
P. A. Walsh Elementary School
Grades K-5 • 0.6 mi
2/10
Lewis H. Britton Middle School
Grades 6-8 • 0.3 mi
5/10
Ann Sobrato High School
Grades 9-12 • 1.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 2.0 | 3.1 |
| Square foot | 1,365 | 1,714.5 |
| Lot Size | 1,308 | 1,928.25 |
| Price | $629.9K | $846.5K |
| Price per sq ft | $461 | $619 |
| Built year | 1986 | 2011 |
| HOA | $635.0 | $451 |
| Days on market | 20 | 133 |
Pricing History
Listed for Sale
Aug 20, 2026
$629,888
Initial Listing
Sold
May 11, 2017
$540,000
Public Record
Sold
Jul 1, 2005
$470,000
Public Record
Sold
Jul 30, 2003
$325,000
Public Record