$2,100,000
$2,550,000
17.6%For more information regarding the value of a property, please contact us for a free consultation.
14.19 Acres Lot
SOLD DATE : 06/17/2021
Key Details
Sold Price $2,100,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81839913
Sold Date 06/17/21
HOA Y/N No
Lot Size 14.194 Acres
Acres 14.194
Property Description
Approximately 14+ flat subdivadable acres in Morgan Hill. Prime investment opportunity for future single-family residential development upon annexation into the city limits. The City of Morgan Hill currently designates this property as "Residential Estate up to 1 Dwelling Unit Per Acre" on their General Plan. Even higher densities may possibly be awarded in the future as the adjacent properties to the north are designated "Residential Detached Low up to 4 Dwelling Units Per Acre". Current RR-5A zoning could also allow a quicker lot split into 5 acre minimum lots now while you wait for the formal annexation into the city limits. Build a couple of homes now while you wait, or continue to farm on all/part of the acreage.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RR-5A
Interior
Fireplace No
Exterior
Fence Partial
Utilities Available ElectricityAvailable, Other
View Y/N Yes
View Hills
Building
Lot Description Level
Sewer Other
Water Other
Schools
School District Other
Others
Tax ID 77905054
Financing Cash
Special Listing Condition Standard
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