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16960 San Simeon Dr
Score
0
Morgan Hill, CA

16960 San Simeon Dr

1.3M
3 bd • 3 ba • 2,162 sf

This analysis was generated on 2/6/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$1,329,500

Price/Sq.Ft

$615

Year Built

2013

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Relatively New Construction: Built in 2013, the property is newer than many homes in Morgan Hill, potentially reducing maintenance costs and offering modern amenities. The median year built for homes in Morgan Hill is often older, suggesting this property has more up-to-date features. • Desirable Features: The property boasts desirable features such as high ceilings, walk-in closets, a backyard, a gas cooktop, granite countertops, and wood floors. These features enhance the property's appeal and marketability. • Access to Community Amenities: The property is steps from Jasper private park, offering access to play structures, bocce ball, and a tennis court. This provides recreational opportunities and enhances the community feel. • Functional Layout: The open-concept design, family room kitchen combo, breakfast bar, island with sink, and pantry create a functional and inviting living space. The layout is well-suited for entertaining and family living.

The Bad

• Below-Average School Ratings: The property is served by Barrett Elementary School and Martin Murphy Middle School, both with a rating of 4/10. This is below the average for Morgan Hill and could be a concern for buyers with school-aged children. • High Price per Square Foot: At $614.94 per square foot, the property is priced higher than some other homes in Morgan Hill. This could make it less competitive in the market. • Air Quality Concerns: With a severe air quality risk (8/10) and an average of 14 bad air days per year, the property may not be ideal for those with respiratory issues or those concerned about air pollution. Morgan Hill can experience poor air quality due to its location and weather patterns. • Days on Market: The property has been on the market for 97 days, which is longer than the average for Morgan Hill. This could indicate that the property is overpriced or has other issues that are deterring buyers.

The Ugly

• High Estimated Insurance: The estimated annual insurance cost of $4,786.2 is exceptionally high, potentially adding a significant burden to the homeowner's expenses. This is significantly above the California average, which hovers around $1,500. This could be due to location-specific risks (e.g., wildfire, earthquake) or other factors requiring thorough investigation. • Potential Overpricing: The property's price history reveals a substantial 77.4% increase in November 2024, followed by a recent 5% price reduction. This raises concerns about initial overpricing and potential difficulty in achieving the current asking price. A thorough comparative market analysis is crucial. • Suboptimal School Assignments: The assigned elementary and middle schools (Barrett and Martin Murphy) have relatively low ratings (4/10). This can significantly impact the property's appeal to families with children and potentially affect its long-term resale value. This is a major concern in the competitive Morgan Hill market. • Air Quality: The severe air quality risk (8/10) with 14 bad air days annually presents a significant environmental concern. This could necessitate additional expenses for air purification systems and potentially impact the health and well-being of residents, particularly those with respiratory sensitivities.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking a Family-Friendly Community: The property's proximity to the Jasper private park with play structures, bocce ball, and a tennis court, along with the backyard patio for summer BBQs, makes it ideal for those looking for a community-oriented lifestyle. • Buyers Desiring Modern Amenities: Built in 2013, the home features modern amenities such as a gas cooktop, built-in oven, granite countertops, and central forced air, which appeals to buyers looking for updated features. • Buyers Valuing Proximity to Conveniences: The property is conveniently located close to amenities and services, making daily errands and activities more accessible. • Buyers Looking for a Turnkey Property: The home's features, such as wood floors, a fireplace, and a well-equipped kitchen, suggest it's move-in ready, appealing to those who prefer not to undertake extensive renovations.

Not For

• Buyers Seeking Top-Rated Schools: With Barrett Elementary and Martin Murphy Middle School having ratings of 4/10, this property may not be ideal for buyers prioritizing highly-rated schools. • Buyers Sensitive to Air Quality: The severe air quality risk (8/10) and 14 bad air days per year may deter buyers with respiratory issues or those highly sensitive to air pollution. • Buyers Requiring a Lower Price per Square Foot: At $614.94 per square foot, this property may not appeal to buyers seeking a more affordable option compared to the overall Morgan Hill market. • Buyers Seeking Minimal Outdoor Maintenance: While the backyard patio and fruit trees are appealing, they also require maintenance, which may not suit buyers seeking a low-maintenance property.
Demographics
Area Median Income

$139,716

Property History

Price History
Ownership Timeline
$789,000Cash Purchase
Sep 26, 2016
Nina M Paolo, Silvestro D PaoloEdward Jones Trust Company, The George Jemera Living Trust
Grant Deed
Standard Sale (Purchase/Resales)
$697,000Financed
Jan 2, 2014
Morgan Hill Associates LlcNina M Paolo, Silvestro D Paolo
Grant Deed
Standard Sale (Purchase/Resales)

Property Taxes

$10,313
2024 Tax Assessment
1.3%from previous year
Assessed Value$897,612
Tax Rate1.15%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

3.0/10
Below Average

Middle

5.0/10
Average

High

7.0/10
Good

Financials

Monthly Costs
Market Rent (3 bed)

$2,223

Get a detailed estimate on Zillow
HOA Fee

$90

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,329,500
Price/sqft
$615
Layout
3 bd3 ba
Days on market
97 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,390,800

4.4%

Your price is 4.4% below average

Median Price

$1,400,000

5.0%

Based on 6 recent sales

Price per Sq.Ft

$699

12.0%

Your price is 12.0% below average $/sqft

Comparable Properties

17755 Calle Central, Morgan Hill, CA 95037
Price: $1,510,000
Sq.Ft: 1,975
Beds/Baths: 3/3
$/Sq.Ft:
$76524.3%
Sale Date: 1/5/2025
16945 Burgandy Lane, Morgan Hill, CA 95037
Price: $1,823,800
Sq.Ft: 2,255
Beds/Baths: 4/3
$/Sq.Ft:
$80931.5%
Sale Date: 11/8/2024
17665 Calle Mazatan, Morgan Hill, CA 95037
Price: $1,400,000
Sq.Ft: 2,162
Beds/Baths: 3/3
$/Sq.Ft:
$6485.3%
Sale Date: 10/23/2024
17463 Serene Drive, Morgan Hill, CA 95037
Price: $1,162,000
Sq.Ft: 1,898
Beds/Baths: 3/3
$/Sq.Ft:
$6120.4%
Sale Date: 11/15/2024
17500 Carriage Lamp Way, Morgan Hill, CA 95037
Price: $1,100,000
Sq.Ft: 1,797
Beds/Baths: 3/3
$/Sq.Ft:
$6120.5%
Sale Date: 11/25/2024
17755 Calle Granada, Morgan Hill, CA 95037
Price: $1,349,000
Sq.Ft: 1,796
Beds/Baths: 4/3
$/Sq.Ft:
$75122.1%
Sale Date: 10/31/2024

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