18055 Monterey Road

18055 Monterey Road in Morgan Hill, CA was first built in 1945 and is 79 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. 18055 Monterey Road has 4,200 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 109,858 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 18055 Monterey Road was last sold in Oct 25, 2017 for $1,300,000. According to our calculations, that's $309.52 per sqft. Prior to that sales transaction, the property was sold for $1,225,000 in Oct 25, 2017. Current property owners are expected to pay $13,128 in taxes per year. The property on 18055 Monterey Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,018,390. To break that down further, the land itself was valued at $932,678. While improvements to the property were assessed at a total of $85,712. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!