NOT LISTED FOR SALE

17675 Laurel Rd Morgan Hill, CA 95037

Estimated Value: $1,484,000 - $1,820,613

1.12 Acres
$1,463,589 Price per Acre
48,748 Sq Ft Lot

Last Sold October 16, 2023

Last sale price $1,500,000 $654 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,906/month

30 Days on Market

Highlights

  • 1.12 Acre Lot
  • Ann Sobrato High School Rated A
  • Gated Home

About This Lot

As of October 2023

Development opportunity to purchase a nearly approved, almost shovel ready project to build a 2500+ sq ft home on a private, secluded flag lot behind a remodeled 2400 sq ft home. For sale is the entire 1.19 Acres, with a 2400 sq ft home in front, being subdivided into 2, similar 22,000 sq ft lots. Pending subdivision/lot-split & tentative map filed with Morgan Hill. Final approval pending septic/site drainage approval from Santa Clara County Dept of Enviro Health. All studies, reports, drawings, maps, permit application/s paid for, just waiting for final approval expected in Sept/ish. Purchase the entire compound, live in the front home while you build your dream home on the new lot in back. Perfect for contractors, plumbers, electricians, landscapers or anybody looking for land, huge upside potential and the chance to build your own home.

Last Agent to Sell the Property

JR McKee

Home In Silicon Valley License #00901100 Listed on: 08/14/2023

Last Buyer's Agent

JR McKee

Home In Silicon Valley License #00901100 Listed on: 08/14/2023

Property Details

Property Type

  • Land

Lot Details

  • 1.12 Acre Lot
  • Gated Home
  • Property is Fully Fenced
  • Wood Fence
  • Flag Lot

Additional Features

  • Electricity Available at Street
  • Horses Potentially Allowed on Property
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: 2nd Unit Possible, Single Family
  • Development Status: Final Map Filed, Final Map Pending, Improvements Plans Avail, Site Plan Pending
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Possible
  • Fencing: Complete Perimeter, Gate, Wood

Schools

  • High School: 1080

Lot Info

  • Lot Description: Flag Lot
  • Lot Acres: 1.1191
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 48747.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 48747.00
  • Parcel Access: Paved Road, Private Road, Unimproved

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Oct 3, 2023
Sold by
Oman Aslam
Bought by
Bailey Joseph M and Jenkins Norma Lopez
Seller's Agent
JR McKee
Home In Silicon Valley
Buyer's Agent
JR McKee
Home In Silicon Valley
List Price
$2,059,000
Sold Price
$1,500,000
Premium/Discount to List
-$559,000
-27.15%
Views
522
Current Estimated Value
$1,637,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,903
Avg. Annual Appreciation
3.97%
Original Mortgage
$150,000
Outstanding Balance
$37,438
Interest Rate
7.18%
Estimated Equity
$1,600,465

Purchase Details

Listed on
Apr 28, 2022
Closed on
Aug 19, 2022
Sold by
Ruqqia Bibi
Bought by
Aslam Oman
Seller's Agent
Rob Iniguez
Keller Williams Thrive
Buyer's Agent
Rob Iniguez
Keller Williams Thrive
List Price
$1,675,000
Sold Price
$1,300,000
Premium/Discount to List
-$375,000
-22.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%
Original Mortgage
$976,000
Interest Rate
9.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2022
Closed on
Aug 17, 2022
Sold by
Heather Keating
Bought by
Aslam Oman
Seller's Agent
Rob Iniguez
Keller Williams Thrive
Buyer's Agent
Rob Iniguez
Keller Williams Thrive
List Price
$1,675,000
Sold Price
$1,300,000
Premium/Discount to List
-$375,000
-22.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
9.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 15, 2022
Sold by
Oman Aslam
Bought by
Keating Heather
Seller's Agent
Rob Iniguez
Keller Williams Thrive
Buyer's Agent
Rob Iniguez
Keller Williams Thrive
List Price
$1,889,000
Sold Price
$1,600,000
Premium/Discount to List
-$289,000
-15.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.98%

Purchase Details

Listed on
Jul 30, 2020
Closed on
Oct 13, 2020
Sold by
Bibi Ruqqia
Bought by
Aslam Oman
Seller's Agent
Susan Fixsen
Pacific Oak Homes
Buyer's Agent
JR McKee
Home In Silicon Valley
List Price
$1,999,999
Sold Price
$1,175,000
Premium/Discount to List
-$824,999
-41.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.48%
Original Mortgage
$765,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2020
Closed on
Oct 11, 2020
Sold by
Ramirez Richard J and Ramirez Carmen Dolores
Bought by
Aslam Oman
Seller's Agent
Susan Fixsen
Pacific Oak Homes
Buyer's Agent
JR McKee
Home In Silicon Valley
List Price
$1,999,999
Sold Price
$1,175,000
Premium/Discount to List
-$824,999
-41.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2008
Sold by
Ramirez Richard J and Ramirez Carmen Dolores
Bought by
Ramirez Richard J and Ramirez Carmen Dolores
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bailey Joseph M $1,500,000 Fidelity National Title Compan
Aslam Oman -- Old Republic Title
Aslam Oman $1,220,000 Old Republic Title
Keating Heather $1,600,000 Old Republic Title
Aslam Oman -- Chicago Title Company
Aslam Oman $1,175,000 Chicago Title Company
Ramirez Richard J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Joseph M $150,000
Open Bailey Joseph M $1,050,000
Previous Owner Aslam Oman $976,000
Previous Owner Aslam Oman $765,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2023 10/16/23 Sold $1,500,000 -25.0% $654 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $1,999,950 -2.9% $872 / Sq Ft
08/14/2023 08/14/23 For Sale $2,059,000 +58.4% $898 / Sq Ft
08/23/2022 08/23/22 Sold $1,300,000 -22.4% $453 / Sq Ft View Prior Sale
07/26/2022 07/26/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $1,675,000 +4.7% $584 / Sq Ft
02/22/2022 02/22/22 Sold $1,600,000 +0.1% $558 / Sq Ft View Prior Sale
02/10/2022 02/10/22 Pending -- -- --
01/21/2022 01/21/22 Price Changed $1,598,000 -15.4% $557 / Sq Ft
01/10/2022 01/10/22 For Sale $1,889,000 +60.8% $659 / Sq Ft
10/15/2020 10/15/20 Sold $1,175,000 -2.0% $422 / Sq Ft View Prior Sale
09/05/2020 09/05/20 Pending -- -- --
08/28/2020 08/28/20 Price Changed $1,199,000 -0.1% $430 / Sq Ft
07/30/2020 07/30/20 Price Changed $1,199,900 -40.0% $431 / Sq Ft
07/30/2020 07/30/20 For Sale $1,999,999 -- $718 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,107 $1,530,000 $1,122,000 $408,000
2024 $17,107 $1,500,000 $1,100,000 $400,000
2023 $14,034 $1,220,000 $790,000 $430,000
2022 $13,827 $1,198,500 $790,500 $408,000
2021 $13,480 $1,175,000 $775,000 $400,000
2020 $1,918 $166,422 $37,788 $128,634
2019 $1,968 $163,160 $37,048 $126,112
2018 $1,970 $159,962 $36,322 $123,640
2017 $1,949 $156,826 $35,610 $121,216
2016 $1,819 $153,752 $34,912 $118,840
2015 $1,798 $151,443 $34,388 $117,055
2014 $1,801 $148,478 $33,715 $114,763
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81938349

MLSListings

APN: 726-19-008