NOT LISTED FOR SALE

Estimated Value: $1,223,000 - $1,565,000

0.44 Acre
$3,164,301 Price per Acre
19,171 Sq Ft Lot

Sale Details

Date Sold: December 17, 2021

Last sale price $1,299,800 $1,293 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,958 / mo

160 Days on Market

Highlights

  • 0.44 Acre Lot
  • Wood Fence
  • Level Lot
  • Ann Sobrato High School Rated A

About This Lot

As of December 2021

Don't miss this rare opportunity to acquire an excellent investment property located in the heart of Morgan Hill. Currently being used as a residence, with a 2bed/1ba Single Family Home situated on the expansive 19,000sqft lot, this property is zoned R3, which allows for a maximum of 16 units per acre. The zoning alone makes this an excellent investment site for condos/TH, but it has unlimited potential for other uses such as storage for farming/any equipment or an infill project - the choice is yours! Additionally, this home has 1 gig of fiber and is capable of up to 100 gigs of fiber, as well as 1 gig of coaxial internet. Awesome shop with approx. 1300 sq ft and two other outbuildings. Conveniently located within walking distance to the downtown area, shopping and restaurants. Buyer to confirm all information with the City of Morgan Hill.

Last Agent to Sell the Property

Lynette Morehead-Crum

Intero Real Estate Services License #01013351 Listed on: 06/02/2021

Intero Real Estate Services

Co-Listed By

Kraig Constantino

Intero Real Estate Services License #01215894

Last Buyer's Agent

Bob Angilella

License #01228685

Property Details

Property Type

  • Land

Lot Details

  • 19,171 Sq Ft Lot
  • Wood Fence
  • Level Lot

Additional Features

  • Mineral Rights
  • Septic Tank

Community Details

Property Details

Property Type

Land

Lot Details

0.44 Acres

Listing Details

  • Zoning: MH
  • Subclass: Other Commercial Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Single Family
  • Development Status: Dre Approved - Call La, Lot Split Possible, Subdivision - Possible, Subdivision - Unknown
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Fenced, Wood

Utilities

  • Sewer/Septic System: Existing Septic, Sewer Available

Schools

  • High School: 1080

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.4401
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 19171.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 19171.00
  • Mineral Rights: Yes
  • Parcel Access: Accessible, Paved Road

Multi Family

  • Utilities: Public Utilities
  • Number Of Buildings: 2

MLS Schools

  • High School District Text: Morgan Hill Unified
  • Elementary School Text: El Toro Elementary
  • High School Text: Ann Sobrato High
  • Middle School Text: Martin Murphy Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Nov 16, 2021
Sold by
Bought by
Seller's Agent
Lynette Morehead-Crum
Intero Real Estate Services
Buyer's Agent
Bob Angilella
List Price
$1,599,800
Sold Price
$1,299,800
Premium/Discount to List
-$300,000
-18.75%
Current Estimated Value
$1,392,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,809
Avg. Annual Appreciation
1.51%

Purchase Details

Listed on
Jun 2, 2021
Closed on
Nov 9, 2021
Sold by
Bought by
Seller's Agent
Lynette Morehead-Crum
Intero Real Estate Services
Buyer's Agent
Bob Angilella
List Price
$1,599,800
Sold Price
$1,299,800
Premium/Discount to List
-$300,000
-18.75%

Purchase Details

Closed on
Dec 30, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,750
Interest Rate
0.0396%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Fidelity National Title
$1,300,000 Fidelity National Title
$535,000 Chicago Title Company
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $369,000
Previous Owner $347,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $1,299,800 0.0% $1,293 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
10/20/2021 10/20/21 Price Changed $1,299,800 -7.1% $1,293 / Sq Ft
08/04/2021 08/04/21 Price Changed $1,399,800 -12.5% $1,393 / Sq Ft
06/02/2021 06/02/21 For Sale $1,599,800 -- $1,592 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,748 $1,406,943 $1,244,579 $162,364
2025 $15,748 $1,379,357 $1,220,176 $159,181
2024 $15,455 $1,352,311 $1,196,251 $156,060
2023 $15,257 $1,325,796 $1,172,796 $153,000
2022 $15,002 $1,299,800 $1,149,800 $150,000
2021 $6,900 $594,018 $267,252 $326,766
2020 $6,733 $587,928 $264,512 $323,416
2019 $6,924 $576,401 $259,326 $317,075
2018 $6,944 $565,100 $254,242 $310,858
2017 $6,879 $554,020 $249,257 $304,763
2016 $6,441 $543,158 $244,370 $298,788
2015 $582 $38,693 $15,461 $23,232
2014 $565 $37,936 $15,159 $22,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81843088

MLSListings

APN: 726-03-122

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