tomo logo

$2,680,000

Beds
4
Baths
3.5
sq ft
4,567

2040 Shafer Ave, Morgan Hill, CA 95037

2040 Shafer Ave

Morgan Hill, CA 95037

  • 90 days on market
A CORDIAL WELCOME TO THIS WELL PRICED 4500 SQUARE FEET MEDITERRANEAN HOME IN ONE OF THE MOST DESIRABLE NEIGHBORHOODS OF MORGAN HILL IN THE TUSCANY DEVELOPMENT! SPACIOUS LOT AT 13500SQFEET* A MARBLE ENTRANCE FLANKED BY A DOUBLE DOORED ENTRY TO YOUR BRIGHT HOME OFFICE*HIGH CEILINGS TO A GRAND LIVING AND DINING ROOM*A LARGE OPEN AREA KITCHEN, EAT-IN KITCHEN AND FAMILY ROOM WILL SPELLBOUND YOU*COURTYARD ENTERTAINING OFF THE KITCHEN*SURROUND SOUND*LOVELY WOOD FLOORING, HIGH END-BALI- WINDOW COVERINGS* OWNED SOLAR*TESLA CHARGER* 3 CAR ATTACHED GARAGE WITH STORAGE*UPSTAIRS INCLUDES 4 BEDROOM AND AN ENVIOUS WALK IN CLOSET IN PRIMARY BEDROOM*A LARGE BONUS AREA OUTSIDE THE BEDROOMS TO USE AS A LOUNGE AND PLAYAREA*BACKYARD WAS REMODELED IN 2018 AND IS AN ENTERTAINERS DREAM WITH TRAVERTINE PAVERS, GAS FIRE PIT WITH BUILT IN SEATING*INVITING POOL WITH SPA, LED LIGHTING, LAMINAR JETS, FOUNTAIN, POOL COVER, SOLAR AND GAS HEATED. DRIVING DISTANCE TO HIGH SCORING CHARTER ELEMENTARY SCHOOL* EASY DRIVING TO DT, FINEST WINERIES AND BAY AREA SPOTS FOR WORK, DINING AND OUTDOOR LIVING! THE DOWNSTAIRS HALF BATH AND STUDY CONVERSION TO A FULL BATH AND FULL BEDROOM IS ESTIMATED AT $17,000 ONLY!

Details

Property type

Single Family Residence

Est. home value

$2,383,287

Lot size

0.31 acres

Price per sq ft

$587

Year built

2007

Monthly HOA fee

$203

Price History

04/08/2024
MLSL

MLSL #ML81960540

Listed
$2,680,000
+21.82%
01/29/2021
BridgeMLS

BridgeMLS #ML81822679

Sold
$2,200,000
+58.9%
11/02/2016
BridgeMLS

BridgeMLS #ML81596865

Sold
$1,384,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

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

$2,060,341
Asking price
$2,680,000
Closing costs (~8% of asking)
-$214,400
Est. remaining loan balance
-$405,259
Cash to seller
$2,060,341

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

March 2021

Original loan amount

$500,000

Est. remaining balance

$405,259

Interest rate

2.21%

Loan type

New Conventional, 15 year

Seller

Ripan Nagpal and Meenakshi Nagpal

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 9:30 AM

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

Listed by: Meena Oza, Meena Oza, Meena Oza, Meena Oza, MZ Finance Phone #: (408) 835-4495

MLS: MLSL #ML81960540

MLSL logo

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