890 Encino Drive, Morgan Hill, California 95037, Morgan Hill, - bed, bath
ACTIVE$1,000,000
890 Encino Drive, Morgan Hill, California 95037
3Beds
3Baths
1,947Sqft
16,553Lot
Year Built
1969
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
-
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
Price History
Date
Event
Price
05/30/24
Listing
$1,000,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (128 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 34% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,947 | 2,260 | 36% |
| Lot Size | 16,553 | 8,880 | 71% |
| Price | $1M | $1.43M | 13% |
| Price per square foot | $514 | $666 | 11% |
| Built year | 1969 | 1990 | 12% |
| HOA | |||
| Days on market | 524 | 146 | 98% |
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.