Morgan Hill Real Estate: SFR under $400,000
Date: Thursday January 29, 2009Posted in: REO, real estate, Morgan Hill, bank-owned, investment property, first time buyer
There are currently 19 active listings of single family residences (SFR) located in Morgan Hill, CA on the Multiple Listing Service priced $400,000 and under. These prices were unheard of in 2005 and 2006, and, while those higher prices are long gone now, they will be back. Smart buyers are taking this opportunity to purchase their first home or an investment home. Many of these investment homes are cash-flowing positively due to the low interest rates currently available to investors.
A home in a nice east-side Morgan Hill neighborhood came on the market yesterday.
1420 Kelly Park Circle is a 3 bedroom/2 bathroom, 1299 sq.ft. home on a 5,227 sq.ft. lot. This is a bank-owned home (i.e. usually smoother transaction than a short sale.) The Kelly Park Circle community has an HOA pool/spa and the association fee covers many amenities for approximately $193/month. This neighborhood feeds into Nordstrom Elementary School.
Homes in the Kelly Park Circle neighborhood sold in the mid-$600,000s during the peak of 2005 and 2006. For more information on this home or other residences in our South County area, please contact me. I am also able to lead you through an investment analysis to determine if any property will suit your needs.
2 Comments
Hi Darryl,
This house is now under contract and is scheduled to close escrow at the end of this month. There are currently 24 single family homes in Morgan Hill priced below $400,000. Let me know if you need more information.
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Is this house still for sale?
Comment by Darryl Adair on March 8th, 2009 @ 4:45 pm