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$1,295,000

Beds
4
Baths
2.0
sq ft
1,654

1890 W Edmundson Ave, Morgan Hill, CA 95037

1890 W Edmundson Ave

MORGAN HILL, CA 95037

  • 108 days on market
    • Price drop $43,000↓
Back on the market! New price! This delightful Morgan Hill countryside property offers peace, quiet, and tranquility. Single-story home boasts 1654 square feet, on 1+ acre parcel, and conveniently located within minutes from downtown Morgan Hill. Dual pane windows, luxury waterproof hard floors throughout, saltless water softener, multi-stage reverse osmosis water filter, carport and patio awning, outdoor kitchen area, additional leveled creek parking, walkway to creek, Trex deck, fire pit area, covered outdoor storage, 3 year old roof, owned solar, owned Tesla Solar power system with Powerwall including whole house generator hookup in case the battery runs out, yearly pest control. Get away from the busy city, and still be close to all the conveniences of shopping, restaurants, theater and easy freeway access. This property has been updated and is ready for a new family to enjoy.

Details

Property type

Single Family Residence

Est. home value

$1,256,266

Lot size

1.05 acres

Price per sq ft

$783

Year built

1962

Price History

06/05/2024
MLSL

MLSL #ML81958347

Price change
$1,295,000
-3.21%
05/21/2024
MLSL

MLSL #ML81958347

Price change
$1,338,000
-3.6%
04/19/2024
MLSL

MLSL #ML81958347

Listed
$1,388,000

Schools & Community

Elementary school: 

1081

Middle school: 

Lewis H. Britton Middle

High school: 

Unknown

High school district: 

Morgan Hill Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$487,882
Asking price
$1,295,000
Closing costs (~8% of asking)
-$103,600
Est. remaining loan balance
-$703,518
Cash to seller
$487,882

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$749,999

Est. remaining balance

$703,518

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

John Formoso and Myra Formoso

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/07/2024 at 9:50 AM

Listing updated: 07/01/2024 at 3:25 AM

Listed by: Brandee Malto, Brandee Malto, KW Silicon City Phone #: (408) 755-5972

MLS: MLSL #ML81958347

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