890 Encino Drive, Morgan Hill, California 95037, Morgan Hill, 95037 - 3 bed, 3 bath
ACTIVE$1,000,000
890 Encino Drive, Morgan Hill, California 95037
3Beds
3Baths
1,947Sqft
16,553Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Expansive Lot Size: The property boasts a substantial 16,553 sqft lot, highlighted as 'one of the largest in the entire neighborhood,' offering significant outdoor space and potential for expansion or additional structures.
Top Cons:
Extensive Renovation Required: Explicitly stated as a 'complete fixer upper,' the property requires significant investment in time, money, and resources for a full renovation, limiting the buyer pool.
Compared to the nearby listings
Price:$1.00M vs avg $1.46M ($-460,000)16%
Size:1,947 sqft vs avg 2,344 sqft34%
Price/sqft:$514 vs avg $64114%
More Insights
Built in 1969 (56 years old).
Condition: The property was built in 1969, making it 55 years old. The MLS description explicitly states it is a 'Complete fixer upper,' which, combined with its age, strongly suggests it has not undergone major renovations in the past 50 years. The emphasis on the '16,500+ square foot lot' and 'Endless possibilities' further indicates that the property's value is likely based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria where the structure is beyond practical repair or its value is solely in the land.
Year Built
1969
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
ML81967640
Home ConditionTear down
Features
View-
About this home
Complete fixer upper in Paradise Valley. Bring your contractor to explore the possibilities of this 16,500+ square foot lot. Endless possibilities on one of the largest lots in the entire neighborhood!
Nearby schools
6/10
Paradise Valley/Machado Elementary School
Public,•K-5•0.3mi
5/10
Lewis H. Britton Middle School
Public,•6-8•2.3mi
7/10
Ann Sobrato High School
Public,•9-12•4.2mi
Condition Rating
Tear down
The property was built in 1969, making it 55 years old. The MLS description explicitly states it is a 'Complete fixer upper,' which, combined with its age, strongly suggests it has not undergone major renovations in the past 50 years. The emphasis on the '16,500+ square foot lot' and 'Endless possibilities' further indicates that the property's value is likely based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria where the structure is beyond practical repair or its value is solely in the land.
Pros & Cons
Pros
Expansive Lot Size: The property boasts a substantial 16,553 sqft lot, highlighted as 'one of the largest in the entire neighborhood,' offering significant outdoor space and potential for expansion or additional structures.
Significant Development Potential: Described as having 'endless possibilities,' this property is ideal for a contractor or investor looking to undertake a major renovation or rebuild, maximizing its value.
Desirable Location: Situated in Morgan Hill's 'Paradise Valley,' the location offers a sought-after community setting with good access to amenities and the broader Silicon Valley area.
Value-Add Opportunity: As a 'complete fixer upper,' the property presents a clear opportunity for substantial equity gain through strategic renovation and modernization.
Functional Layout Potential: With 3 bedrooms and 3 bathrooms, the existing footprint provides a versatile layout that can be transformed into a modern and spacious family home.
Cons
Extensive Renovation Required: Explicitly stated as a 'complete fixer upper,' the property requires significant investment in time, money, and resources for a full renovation, limiting the buyer pool.
Age and Condition of Home: Built in 1969, the home is over 50 years old, indicating that major systems and finishes are likely original and will require updating or replacement.
High Entry Price for Condition: The $1,000,000 list price for a property requiring extensive renovation means a substantial initial outlay, with significant additional capital needed to make it move-in ready.