15195 Olive Avenue,Morgan Hill, CA 95037
Morgan Hill, CA 95037
Description
Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.
Details
| MLS # | ML82055399 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 81 |
| Listing Provided By | South County Realty Mh | Matthew Telfer |
Features
| SQ Feet | 700 |
|---|---|
| Garage | 3 |
| Car Port | Yes |
| Building(s) | 4 |
| Zoning | A-20A |
| Acreage | 9.83 |
| Property View | Yes |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Elastomeric, Metal, Other |
|---|---|
| Foundation Details | Combination |
| Lot Features | Level |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Natural Gas Available, Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | Morgan Hill |
| Zip Code | 95037 |
| Area | 699 Not Defined |
| Listing VS Median (in 95037) | |
Price: $1,867,700 low | high Med: $4,150,000 sqft: 700 low | high Med: 501 $ / sqft: $2,668 low | high Med: $3,250,900 On site: 81 low | high Med: 86.5 | |
Market Activity 95037
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Morgan Hill |
| Zip Code | 95037 |
| Area | 699 Not Defined |
| Listing VS Median (in 95037) | |
Price: $1,867,700 low | high Med: $4,150,000 sqft: 700 low | high Med: 501 $ / sqft: $2,668 low | high Med: $3,250,900 On site: 81 low | high Med: 86.5 | |