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18455 Old Monterey Rd, Morgan Hill, CA 95037

List Price: $1,700,000On Market FlagOn market
Jul 4, 20252,020 sqft4 beds2 baths
Listed by: Robert Malech
License #: 01294130
Phone #: 408-210-0477
Keller Williams Realty
Source:
CRMLS Logo
MLS #: ML82013429

Property Description

Charming 4-Bed, 2-Bath Home with Prime Development Potential in Morgan Hill Discover this inviting 4-bedroom, 2-bathroom home set on over an acre of prime land in the heart of Morgan Hill, offering both comfort and endless possibilities. The property features a spacious layout, complemented by valuable outbuildings, including a shop and storage shed, perfect for hobbyists or extra storage. This property is ideal for creating a private family compound, bringing your kids, and building multiple homes! Once you cross the creek over your private bridge, you'll enter a secluded, serene area perfect for crafting your family's dream retreat. The land is zoned for 4-6 single-family homes or, under the new law effective July 1, 2025, up to 10 condos, making it a fantastic opportunity for investors, developers, or builders. At just $170,000 per lot for condos, this is a rare chance to capitalize on Morgan Hills' thriving market. Conveniently located within an easy walk of vibrant downtown Morgan Hill, enjoy fine dining, boutique shopping, and community events like the annual Fourth of July parade. Whether you're envisioning a family compound or a lucrative development project, this property in one of California's most desirable communities is a must-see! The property is over one acre.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,588

TurboHome Estimated Value

$1,369,600

$678 sqft

High Valuation
$1,438,080
$712/sqft
Normal Valuation
$1,369,600
$678/sqft
Low Valuation
$1,301,120
$644/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$678/sqft$1,369,600

Neighborhood

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Comparative Value

$925K

$1.26M

$1.43M

$1.70M

159 Sapphire Ln, Morgan Hill, CA 95037

Sale Price: $925,000

Selected Comparable

18595 Del Monte Ave, Morgan Hill, CA 95037

Sale Price: $1,265,000

Selected Comparable

429 Calle Cerro, Morgan Hill, CA 95037

Sale Price: $1,280,000

Selected Comparable

18381 Carriage Dr, Morgan Hill, CA 95037

Sale Price: $1,300,000

Selected Comparable

17488 Calle Caballeria Ct, Morgan Hill, CA 95037

Sale Price: $1,430,000

Selected Comparable

18455 Old Monterey Rd, Morgan Hill, CA 95037

List Price: $1,700,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
18455 Old Monterey Rd, Morgan Hill, CA 95037

18455 Old Monterey Rd, Morgan Hill, CA 95037

List: $1,700,000

Listed: 7/4/2025

Area:2,020 sqft
Price/sqft:$842
Beds:4
Baths:2
Year Built:
Lot Size:45,302.4

Comparable Properties

COMPARABLE
Choose comps
18381 Carriage Dr, Morgan Hill, CA 95037

18381 Carriage Dr, Morgan Hill, CA 95037

Sale: $1,300,000

8/29/20240.40 mi

Area:2,176 sqft
Price/sqft:$597
Beds:4
Baths:2
Year Built:
Weight:21.4%
159 Sapphire Ln, Morgan Hill, CA 95037

159 Sapphire Ln, Morgan Hill, CA 95037

Sale: $925,000

6/6/20250.21 mi

Area:1,773 sqft
Price/sqft:$522
Beds:4
Baths:3
Year Built:
Weight:20.7%
18595 Del Monte Ave, Morgan Hill, CA 95037

18595 Del Monte Ave, Morgan Hill, CA 95037

Sale: $1,265,000

3/6/20250.16 mi

Area:2,211 sqft
Price/sqft:$572
Beds:4
Baths:3
Year Built:
Weight:20.0%
429 Calle Cerro, Morgan Hill, CA 95037

429 Calle Cerro, Morgan Hill, CA 95037

Sale: $1,280,000

10/9/20241.01 mi

Area:2,040 sqft
Price/sqft:$627
Beds:4
Baths:3
Year Built:
Weight:19.0%
17488 Calle Caballeria Ct, Morgan Hill, CA 95037

17488 Calle Caballeria Ct, Morgan Hill, CA 95037

Sale: $1,430,000

7/1/20251.13 mi

Area:2,310 sqft
Price/sqft:$619
Beds:4
Baths:3
Year Built:
Weight:19.0%

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