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ActiveCondo

$994,888

176 E Main Ave, Morgan Hill 95037

Beds4
Baths3.5
Sqft2,209
DOM156
No Photos Available

AddressIntel AI Briefing

This property serves as a highly functional townhouse investment in a walkable downtown corridor. Focus should remain on optimizing rental yield through modern cosmetic touches, while steering clear of any complex structural changes.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Morgan Hill)

Parcel & Zoning Info

APN72651139
Official Lot Sqft871
Zoning Code--
SB 9 StatusN/A

Condo Investment Snapshot

Value Score71/100
Price / Sqft$450 vs $504 mkt
Price vs Market-10.6% Below market
Est. Rent$3,454/mo

Price positioning vs. 952 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

Seller Motivation

Motivation Score30/100
Some motivation
90+ days on market

Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

El Toro Health Science Academy

Morgan Hill Unified

0.3 miles away
Middle School

Lewis H. Britton Middle

Morgan Hill Unified

0.3 miles away
High School

Live Oak High

Morgan Hill Unified

1.4 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

87/100

Based on recent sales velocity and local demand in 95037.

Flippability Score

45/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

1%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 12 recent condo sales in Morgan Hill (95037): $514/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 50% of the 3,300 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$1,815,000
New Build3,300 sqft
Total Capital Required$2,984,888
Estimated Resale (ARV)$1,782,000
Cost of Sale (5%)-$89,100
Carry (33mo @ 7%)-$383,053
Net Proceeds$1,309,847

Projected Profit

-$1,675,041
-56.1% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Morgan Hill 95037)

Sized to the modelled 3,300 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

917 More Ln

Sold
$1,030,000
Sold: 2026-09-24
Lot: -
Sqft: 2085
$/Sqft: $494

917 More Ln Unit 1305

Sold
$1,029,990
Sold: 2026-09-24
Lot: -
Sqft: 2085
$/Sqft: $494

913 More Ln

Sold
$939,000
Sold: 2026-09-24
Lot: -
Sqft: 2057
$/Sqft: $456

913 More Ln Unit 1304

Sold
$939,000
Sold: 2026-09-24
Lot: -
Sqft: 2057
$/Sqft: $456

585 Los Castanos Dr

Sold
$980,000
Sold: 2026-09-21
Lot: -
Sqft: 1651
$/Sqft: $594

916 More Ln

Sold
$1,129,000
Sold: 2026-08-28
Lot: -
Sqft: 2085
$/Sqft: $541

916 More Ln Unit 1805

Sold
$1,128,956
Sold: 2026-08-28
Lot: -
Sqft: 2085
$/Sqft: $541

904 More Ln

Sold
$1,091,500
Sold: 2026-08-27
Lot: -
Sqft: 2057
$/Sqft: $531

901 More Ln Unit 1301

Sold
$1,049,997
Sold: 2026-08-27
Lot: -
Sqft: 2085
$/Sqft: $504

904 More Ln Unit 1802

Sold
$1,091,073
Sold: 2026-08-27
Lot: -
Sqft: 2057
$/Sqft: $530

900 More Ln

Sold
$1,094,000
Sold: 2026-08-26
Lot: -
Sqft: 2085
$/Sqft: $525

901 More Ln

Sold
$1,050,000
Sold: 2026-08-26
Lot: -
Sqft: 2085
$/Sqft: $504