tomo logo

$1,249,000

Beds
3
Baths
2.0
sq ft
1,985

60 E 2nd St, Morgan Hill, CA 95037

60 E 2nd St

Morgan Hill, CA 95037

  • 1 day on market
    • Open house Jan 24
Step into the charm of this beautifully renovated 1910 Craftsman-style home. With soaring 12-foot ceilings, thoughtful updates, and a dream location, this 3-bedroom, 2-bath gem seamlessly blends timeless character with modern convenience. The updated kitchen is a culinary enthusiast's dream. The spacious backyard, featuring charming decks, mature landscaping, a pizza oven thats the envy of the neighborhood, and fruiting lemon trees, creates the perfect setting for gatherings or quiet retreats. Additional features include solar panels, an electric car charger, a storage shed, covered storage, a detached garage, and multiple parking spots on a generously sized lot. Zoned for Mixed Use Downtown (MU-D) under the Downtown Specific Plan, this property offers unmatched flexibility. Live comfortably, run a business, or explore redevelopment opportunities such as adding an ADU for rental income. Steps from Morgan Hills best dining, the upcoming Granada Hotel, the vibrant Saturday farmers market, and direct access to the Caltrain station, this home is perfectly positioned for locals and commuters alike. Don't miss the chance to own a historic piece of downtown Morgan Hill with endless possibilities!

Details

Property type

Single Family Residence

Est. home value

$1,400,132

Lot size

8,400 sq ft

Price per sq ft

$630

Year built

1910

HOA

No

Price History

01/21/2025
BridgeMLS

BridgeMLS #ML81989963

Listed
$1,249,000
+11.52%
06/07/2019
MLSL

MLSL #ML81739384

Sold
$1,120,000

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

$491,557
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$657,523
Cash to seller
$491,557

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

Seller’s Loan History

Lender

Ark-La-Tex Finance Services Llc

Loan start date

November 2020

Original loan amount

$725,000

Est. remaining balance

$657,523

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Carlin Graveline and Michael Ku

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: 01/22/2025 at 7:25 PM

Listing updated: 01/22/2025 at 3:20 AM

Listed by: Jessica Vergano, Compass Phone #: (408) 710-6439

MLS: BridgeMLS #ML81989963

BridgeMLS logo

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