15223 Perry Lane, Morgan Hill, California 95037, Morgan Hill, - bed, bath

home-pic
ACTIVE$1,599,900
15223 Perry Lane, Morgan Hill, California 95037
4Beds
3Baths
2,850Sqft
110,676Lot
Year Built
1978
Close
-
List price
$1.6M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81992428
Home ConditionGood
Features
Excellent View: Canyon, Hills, Trees/Woods
Patio
ViewCanyon, Hills, Trees/Woods

About this home

Tranquility awaits you with this 2.5 acre oasis at the end of a cul de sac on a private tree lined lane in the sought after Morgan Hill area of Paradise Valley. Rarely does this type of property come on the market, just on the outskirts of town, but feeling miles away from it all, with no neighbors on three sides of the property. On the ground floor enjoy a large entry, three spacious bedrooms, one and a half baths, kitchen with lots of cabinets, marble countertops, walk-in pantry and eat-in area, living room and formal dining area with vaulted ceilings, family room with fireplace and gas lighter, as well as a separate laundry room with utility sink. The expansive primary suite is secluded on the second floor with a cedar lined walk-in closet and adjacent retreat/loft area (complete with its own fireplace and built in office center). Updates abound in the home, including new roof, paint, siding and electrical. With outstanding views of the neighboring valleys and mountains, don't pass up this opportunity to own a little slice of paradise. Located in an area of $3+ million properties. See disclosures for the numerous upgrades to this home. Sale includes all appliances.

Price History

Date
Event
Price
08/15/25
Price Change
$1,599,900-8.5%
08/13/25
Price Change
$1,748,888
06/05/25
Listing
$1,999,888
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (128 Listings)
Beds44
50%
Baths33
50%
Square foot2,8502,278
71%
Lot Size110,6768,880
94%
Price$1.6M$1.43M
57%
Price per square foot$561$666
19%
Built year19781990
35%
HOA
Days on market153146
53%
Condition Rating
Good

Built in 1978, this property has undergone significant updates including a new roof, paint, siding, and electrical, as stated in the description. The kitchen features updated marble countertops, a modern backsplash, recessed lighting, and stainless steel appliances, making it highly functional and aesthetically pleasing, though the cabinet style is traditional. The bathroom shown is also updated with contemporary tiling, vanity, and lighting. While some elements like the carpeting and the unique blue fireplace in the loft are not brand new or ultra-modern, the home is clearly move-in ready with no immediate major renovations required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Exceptional Privacy & Acreage: This 2.5-acre property is an oasis at the end of a cul-de-sac on a private lane, boasting no neighbors on three sides, offering unparalleled tranquility and expansive space.
Prime Location in High-Value Area: Located in the sought-after Paradise Valley of Morgan Hill, the property is situated in an area of $3+ million homes, indicating strong investment potential and desirability.
Significant Recent Capital Improvements: The home has received substantial updates including a new roof, paint, siding, and electrical system, significantly reducing immediate maintenance concerns for a new owner.
Stunning Natural Views: The property offers outstanding views of neighboring valleys, hills, and mountains, enhancing its aesthetic appeal and providing a serene living environment.
Functional & Spacious Interior Layout: The interior features a well-designed floor plan with a large entry, spacious bedrooms, an expansive primary suite with a retreat/loft, vaulted ceilings, and multiple living areas, catering to comfortable living and entertaining.

Cons

Substantial Price Reductions: The property has undergone significant price reductions from its original list price, which may prompt questions from potential buyers regarding its market value or perceived challenges.
Age of Core Structure: Built in 1978, despite recent updates, the home's underlying structure is over 45 years old, suggesting that some original components (e.g., plumbing, windows, or certain interior finishes not explicitly mentioned as updated) may still be present and could require future attention.
Potential for Further Modernization: While updates are noted, the description does not detail a full, contemporary renovation of all key areas (e.g., all bathrooms, kitchen beyond marble countertops), which might be expected by buyers in a $3M+ neighborhood, potentially requiring additional investment to meet modern luxury standards.

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