Morgan Hill, California 95037 – 20 acres lot acre lot in a great location
7510 Croy Rd, Morgan Hill CA 95037
Warranty Deed- No Back Taxes
Great investment opportunity- Large lot in a fantastic location. Huge potential.
Nice 20 acre parcel of property which is a heavily wooded, quiet area surrounded with good access to a wide range of recreational activities.
Ideal for developers, investors, owners or to build own home or recreational use with excellent future capital appreciation potential.
This beautiful property is conveniently close to downtown Morgan Hill which is a prominent residential region for Silicon Valley.
Morgan Hill: 20 minutes San Jose: 40 minutes
Incredible opportunity to build a dream home on this 20 acres lot.
Also suitable for recreational activities
HUGE POTENTIAL FOR CAPITAL APPRECIATION
Fantastic location:
This property is situated in a quiet and tranquil wooded location on Croy Rd which is on the way to Uvas Cannyon County Park about 20 minutes drive from Downtown Morgan Hill . Croy Road is County maintained so the property has good access to Downtown Morgan Hill.
Morgan Hill is a city in Santa Clara County, California, at the southern tip of Silicon Valley, in the San Francisco Bay Area. Morgan Hill is primarily a residential community for Silicon Valley, as well as the seat for several high tech companies*.
Morgan Hill is among the most expensive places to live in within the United States, owing to its concentration of wealth and its role as a prominent residential region for Silicon Valley*.
(ref: Wikipedia)
Lot size: 20.45 acres
Approximate lot dimensions: 670 ft x 1350 ft
The average listing price for ZIP code 95037 is $943,646 (Trulia.com)
Sloping secluded lot with a lot nice mature trees.
Zoning : Hillside-scenic
By law, It’s permitted by right to build a single family home on hillside-scenic . There are no floor area restrictions on the property you can build, it would need to be in conformance all regulations. Building is subject to the necessary approvals and licenses before starting to build. Consult Town Planning Dept for the requirements.
There is also Plenty of land for a separate workshop, garage, sport court or swimming pool.
Lot may also be used for recreational activities including: camping, paintball fields, nature hiking, day use.
IF YOU APPRECIATE WILDLIFE AND NATURE’S BEAUTY AND THE GREAT OUTDOORS, THEN THIS PROPERTY IS IDEAL TO BUILD A HOME IN A PEACEFUL LOCATION THAT OFFERS THE PERFECT BALANCE TO SILICON VALLEY’S PACE.
Recreational:
The property is close to major recreational activities in Morgan Hill and is only 1.5 miles from the Uvas Canyon County Park. It is near Chesbro Lake, Uvas Reservoir, the Santa Clara Valley Wine Trail, & the waterfalls of Uvas Canyon Park. So there will always be plenty to do, but owners will also be able just sit back, relax, & enjoy nature and peace.
Utilities
Power Grid: Electric Power Lines run parallel to the access road and run past the property.
Will require well water and septic tank.
Road access: The property has road access with the side road reaching the property about 1.4 miles from the main Croy Rd junction running near the edge but through the property.
Property coordinates: 37.066562, -121.765535
Close to main Northern California cities:
Downtown Morgan Hill: 12.0 miles
Downtown San Jose: 28.0 miles
Downtown San Francisco: 73.0 miles
Santa Clara: 32.7 miles
Santa Cruz: 49.5 miles
High Household income:
2015 Average Household Income: $149,858
Comparable lots for sale:
Uvas Rd, Morgan Hill, CA 95037 (parcel : 776-13-004)- 35 acres: $2,000,000
Oak Glen, Morgan Hill, CA 95037 (parcel: 773-13-014/022): 20 acres: $699,900
5070 Fallen Oak Dr, Morgan Hill, CA 95037- 5 acres: $450,000
15311 Sycamore Dr, Morgan Hill, CA 95037- 5 acres: $450,000
17370 Hawkins Ln , Morgan Hill, CA 95037- 5 acres: $399,000
15805 Uvas Rd, Morgan Hill, CA 95037- 5 acres: $350,000
2105 Rocky Ridge Rd , Morgan Hill, CA 95037- 0.89 acres: $350,000
For those considering to built on this lot: Nearby houses For sale:
16390 Reynolds Dr, Morgan Hill CA 95037- 6 beds , 9.01 acres – $6,200,000
16025 Oak Glen Ave, Morgan Hill CA 95037- 6 beds , 9.01 acres – $6,200,000
16350 Reynolds Dr, Morgan Hill CA 95037- 5 beds , 2.19 acres – $3,150,000
16351 Paradise Valley Ln, Morgan Hill CA 95037- 4 beds , 2.00 acres – $1,685,000
2390 Rockwood Ranch Rd Morgan Hill CA 95037- 5 beds , 2.61 acres – $1,968,000
13630 Sycamore Dr Dr Morgan Hill CA 95037- 4 beds , 2.98 acres – $1,500,000
17450 Chesbro Lake Dr Morgan Hill CA 95037- 4 beds , 6.81 acres – $1,175,000
Sold houses:
5770 Croy Rd, Morgan Hill, CA 95037- 2 Bed 1,200sq ft -SOLD September 2015 : $4,100,000
Comparable lots sold:
6885 Croy Road, Morgan Hill, CA 95037- 10 acres: SOLD 04/29/2016 – $325,000 ($32,500/ Acre)
7035 Croy Rd, Morgan Hill, CA 95037- 0.2 acres: SOLD 10//10/2011- $480,500
15805 Uvas Road, Morgan Hill, CA 95037- 5.63 acres- SOLD 11/15/2013- $270,000 ($47,957/ Acre)
Based on the price / acre of $40,000 which is in line with the average of sold comparable lots , the property’s currently value is $800,000.
Potential is huge as the price of this property has potential to significantly increase as prices rise.
Real Estate Tax:
Santa Clara County – Parcel APN #: 756-08-039
Real Estate Tax: $2,033 / year
Sold AS IS, WHERE IS – No Back Taxes
There is a 150 ft wide easement strip to a neighbor (Unity Association) along the eastern boundary of the lot.
Warranty Deed- No liens or back taxes
