18455 Old Monterey Road, Morgan Hill, California 95037, Morgan Hill, - bed, bath

home-pic
ACTIVE$1,700,000
18455 Old Monterey Road, Morgan Hill, California 95037
4Beds
2Baths
2,403Sqft
45,287Lot
Year Built
1950
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82013611
Home ConditionTear down
Features
Good View: Hills, Mountain(s), River
Patio
ViewHills, Mountain(s), River

About this home

400 sq feet just added with permits. Just got word that this property can be developed into 10 Condo lots per the new state law. Bring your developer skills. Investors Wanted... Call me today as I have gathered the information you need to know. Welcome to your new home in Morgan Hill! This spacious property offers 4 bedrooms and 2 full bathrooms across 2020 sq ft, providing ample space for family living. The central hub of the house is the kitchen, designed with functionality in mind, perfect for preparing meals and hosting gatherings. Enjoy cozy evenings in the separate family room, complete with a fireplace that adds warmth and charm to your living space. The home features central AC, ensuring comfort during warm summers, and forced air heating for cooler months. With no formal dining room, the layout encourages relaxed family meals in the kitchen area or family room. Additional amenities include a storage facility and workshop, ideal for hobbies or additional storage needs. The property sits on a generous 45,287 sq ft lot, offering plenty of outdoor space. Located in the Morgan Hill Unified School District, this home is conveniently positioned for families seeking educational opportunities. A single-car garage provides convenience and protection for your vehicle.

Price History

Date
Event
Price
07/07/25
Listing
$1,700,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (127 Listings)
Beds44
50%
Baths23
30%
Square foot2,4032,294
53%
Lot Size45,2878,895
87%
Price$1.7M$1.44M
62%
Price per square foot$707$666
59%
Built year19509950995
5%
HOA
Days on market122143
39%
Condition Rating
Tear down

Built in 1950, this property is 74 years old. While the description mentions '400 sq feet just added with permits' and functional central AC/heating, the exterior images reveal significant deferred maintenance, including cracked pavement, unkempt landscaping, and older outbuildings. Crucially, the listing explicitly markets the property for its development potential, stating it 'can be developed into 10 Condo lots' and directly soliciting 'Investors Wanted.' This strong emphasis on land value for redevelopment, coupled with the age and visible condition, indicates that the existing structure is not the primary asset and its value is based solely on the land, aligning with the 'tear-down' criteria. No interior images were provided to assess kitchen or bathroom conditions, but the overall context suggests they are not a selling point.
Pros & Cons

Pros

Significant Development Potential: The property is explicitly noted as being developable into 10 condo lots under new state law, making it an exceptional opportunity for investors and developers.
Expansive Lot Size: A generous 45,287 sq ft (over 1 acre) lot offers substantial outdoor space and underpins the property's development potential.
Spacious Home with Recent Expansion: The 2403 sq ft home features 4 bedrooms and 2 bathrooms, including a recently permitted 400 sq ft addition, providing ample living space for a family.
Comfort and Practical Amenities: Equipped with central AC, forced air heating, a charming fireplace, and additional structures like a storage facility and workshop, enhancing livability and utility.
Scenic Views & Desirable School District: Offers picturesque views of hills, mountains, and a river, and is located within the reputable Morgan Hill Unified School District, appealing to families.

Cons

Age of Property: Built in 1950, the home's age may suggest potential for outdated systems, aesthetics, or deferred maintenance, which could require future investment.
Limited Garage Capacity: The property features only a single-car garage, which may be insufficient for modern families or those with multiple vehicles, especially given the large lot size.
Absence of Formal Dining Room: The layout lacks a dedicated formal dining room, which might be a drawback for buyers who prefer a separate space for traditional entertaining.

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