Score
0Morgan Hill, CA
2875 Tohara Way
1.6M
5 beds
4 baths
1,890 sqft
5 bd • 4 ba • 1,890 sf
This analysis was generated on 1/30/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,649,000
Price/Sq.Ft
$872
Year Built
1968
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Desirable location: The property is located 8 minutes from historic Downtown Morgan Hill, offering a balance between rural and urban living. It's also just 10 minutes to a shopping center with various amenities and has convenient access to Hwy 101. The property provides a tranquil setting with a country feel while still being close to urban conveniences.
• Updated interior: The home features a beautifully updated interior with contemporary style, wood flooring, stainless steel appliances, a wine cooler, and an island with bar seating in the kitchen. These modern features appeal to buyers looking for move-in-ready properties.
• Wraparound decks: The two-level wraparound deck offers panoramic views and is perfect for outdoor dining, relaxation, and entertaining. This adds significant value to the property, enhancing its appeal to buyers who enjoy outdoor living.
• Master suite: The sunny master bedroom has a walk-in closet, an elegant ensuite bathroom, and deck access, providing a private retreat for homeowners.
• Potential for rental income: The partially finished downstairs unit with 2 bedrooms and a full bath provides a significant opportunity for generating rental income. The finished basement also provides additional space for a workshop or storage.
• Multiple driveways: The three separate driveways provide ample parking and easy access for residents and guests.
The Bad
• High price per square foot: At $872.49/sqft, this property is priced higher than the average for Morgan Hill, especially considering it's a 1968 build. This price may deter some buyers seeking better value. Without more specific details about the upgrades, it's difficult to ascertain if the price is justifiable.
• Limited square footage for 5 bedrooms: With only 1,890 sqft, the home may feel cramped for a 5-bedroom layout. This is significantly smaller than many other 5-bedroom homes in the area, which typically average 2,500 to 3,500 sqft.
• Lack of detailed property information: The listing provides minimal information about utilities, systems, and room specifics. This lack of transparency can make it challenging to assess the property's condition and value.
• Age of the property: Built in 1968, the property is over 50 years old, which means that it may have aging infrastructure (plumbing, electrical, HVAC) that require updates or replacement.
• Partially finished downstairs unit: While the downstairs unit provides potential, it is only partially finished, which adds to the cost and time required for renovation. Buyers may also need to verify the legality of the unit.
The Ugly
• High total cost of ownership: Given the high price point of $1,649,000, buyers should expect high monthly mortgage payments, property taxes, and insurance costs. The high price per square foot also makes this one of the more expensive options in Morgan Hill.
• Potential for hidden issues: The lack of detailed information about utilities and systems raises concerns about potential hidden issues that could require costly repairs. Buyers should conduct thorough inspections to identify any underlying problems.
• Age-related maintenance and repairs: The age of the property (built in 1968) increases the likelihood of costly maintenance and repair issues related to older plumbing, electrical, and HVAC systems.
• Uncertainty about downstairs unit: The partially finished downstairs unit poses uncertainty for buyers. They will need to invest additional time and money to complete the renovation and verify the legality of the unit.
• Wildfire and earthquake risks: Morgan Hill is located in a fire-prone area and is susceptible to earthquakes. This means that buyers must obtain expensive insurance and take other preventative measures.
• Limited lot details: The listing does not specify the size of the lot, making it difficult for buyers to assess the property's true value. Without this information, buyers may be hesitant to make an offer.
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 rural retreat with convenient access to downtown: The property's location, 8 minutes from downtown Morgan Hill, combines country living with city amenities. The large lot and multiple outdoor spaces (decks, basketball area) make it ideal for those who value outdoor activities and privacy.
• Investors looking for rental income potential: The partially finished downstairs unit with 2 bedrooms and a full bath offers an opportunity for rental income. With 5 bedrooms and 4 bathrooms total, the property can accommodate a large family or multiple tenants. The high median income in Morgan Hill also indicates a strong tenant pool.
• Buyers who appreciate a modern, updated interior: The updated interior, wood flooring, stainless steel appliances, and wine cooler in the kitchen appeal to those seeking a move-in-ready home with contemporary finishes. The master suite with a walk-in closet and ensuite bathroom adds to the modern appeal.
• Buyers valuing potential for customization: The partially finished downstairs unit and finished basement provide opportunities for customization, whether it be a rec room, rental unit, home gym, guest space, workshop, or more storage. The three separate driveways offer flexibility for parking and access.
Not For
• Buyers seeking a low-maintenance property: Given its age (built in 1968), potential buyers should be prepared for maintenance and potential repairs. The large lot and outdoor features also require regular upkeep.
• Buyers prioritizing a large living space: With 1,890 sqft, this home may not be suitable for buyers seeking a larger living space, especially given the 5 bedrooms. The price per square foot is also high compared to the market.
• Buyers with a strict budget: The high price point ($1,649,000) and property taxes in Morgan Hill may not be affordable for all buyers. The property's age may also lead to higher insurance costs.
• Buyers who prefer a highly urban environment: While the property has convenient access to downtown Morgan Hill, it provides a more rural atmosphere. Buyers who prefer a bustling urban environment may find this location less suitable.
• Buyers who require a turnkey rental unit: The downstairs unit is only partially finished. Buyers looking for a ready-to-rent space will need to invest time and money to complete the renovation.
Demographics
Area Median Income
$139,716
Property History
Price History
Ownership Timeline
$1,328,500Financed
Apr 12, 2022Maureen M PattenCaleb A Rose, Erika M Rose
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 11, 2022Kenneth D Mcreynolds, Maureen M PattenMaureen M Patten
Affidavit Of Death
Non-Arm's Length Transactions
$910,000Financed
Jun 24, 2019Troy StoneKenneth D Mcreynolds, Maureen M Patten
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 26, 2006Sally E MensingJoseph A Mensing
Intrafamily Transfer
Non-Arm's Length Transactions
$750,000Financed
Sep 25, 2006Joseph A MensingTroy Stone
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 14, 2004Carole A Mensing, Joseph A MensingJoseph A Mensing
Affidavit Of Death
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$2,223
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