0 Palm Avenue Morgan Hill, CA 95037

$1,629,000
ML81726993

Lots and Land for sale in Morgan Hill, CA

for $1,629,000. This 394,218 square foot property was built on a lot size of 9.05 Acre(s).

Property Information

  • $1,629,000
  • Lots and Land
  • 394,218 Square Feet
  • Lot/Land
  • Active
  • Lot size of 9.05 Acre(s)
  • Morgan Hill, CA
  • Santa Clara County
  • MLS/Web ID is ML81726993
  • Just Listed

Description

Land investors, great site for the future. Located just north of Palm Avenue, this property is outside of the "Coyote Valley Green Belt" to the south of Palm avenue. Future higher-density residential development may be possible as part of the Coyote Valley specific development plan. Currently being farmed by the "Grass Farm", and collecting $350.00 per acre in rent annually. Alternatively this site could be used to build a large estate home in central Coyote Valley, just a short drive from San Jose to the north or Morgan Hill to the south. The Seller is also selling an adjacent two other sister-parcels separately that are approximately 19 additional acres in size. They are all being marketed at the same $180, 000 per acre asking price. The total acreage of all three parcels if bought together would equal approximately 29.508 acres.

Exterior 2

Lot Description

  • Agricultural Property
  • Level/Flat

Road Frontage

  • County Road
  • Paved

Miscellaneous 2

Documents

  • Other

Restrictions

  • Horses Allowed

† Excluded Feature

Listed By

Listing Agent: Matthew Telfer
Broker: SOUTH COUNTY REALTY MH

0 Palm Avenue, Morgan Hill, CA, 95037 is a Lots and Land for sale at $1,629,000 with 394,218 sqft and a lot size of 9.05 Acre(s). 0 Palm Avenue has 0.0 baths. The property's zip code is 95037 which is in Morgan Hill, CA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Morgan Hill $1,600,261 2 % below $990,000 39 % below
Lots and land listings in Morgan Hill $1,486,557 9 % below $1,200,000 26 % below

Get the facts about Morgan Hill, CA!

Population 41,877
Population Growth (since 2000) 23 %
Median Income $94,546
Median Age 37.93
Households w/ Children 38 %

Residential Dwellings

  • Owned 9398
  • Vacant 559
  • Rented 4224

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