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54 W Reed Street, San Jose, California 95110, San Jose, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,398,000
54 W Reed Street, San Jose, California 95110
0Bed
0Bath
1,082Sqft
4,371Lot
Year Built
1900
Close
-
List price
$1.4M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
95 Days
Sold On
2023-04-18
MLS number
ML81916177
Home ConditionExcellent
Features
View-

About this home

Harcourts Non-Distressed Auction - Bidding to start from $699,000. 12pm April 6, 2023. All buyers and financing options welcome. Contingencies considered. No buyer premiums or additional fees. Disclosures and reports available. Open to preemptive offers Two Homes Side By Side. Can be purchased separately or together as a package. Great for rental units. Fully rehabbed historic homes with new contemporary and trendy design standards featuring detailed tile work, marble quartz countertops, white shaker cabinets, new oak floors, and upgraded windows. This home is conveniently located near restaurants, breweries, entertainment venues, downtown and more! Great opportunity for new homebuyers or investment property. Quick access to HWY 280. Listed as a duplex together with the house next door at 62 Reed Street.

Price History

Date
Event
Price
08/21/25
Price Change
$1,398,000
01/13/23
Listing
$1,798,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot1,0821,725
50%
Lot Size4,3715,346
50%
Price$1.4M$1.31M
50%
Price per square foot$1,292$904.5
50%
Built year19009500950
100%
HOA
Days on market1026587
50%
Condition Rating
Excellent
Despite being built in 1900, the listing explicitly states 'Fully rehabbed historic homes with new contemporary and trendy design standards.' The images confirm this, showcasing a completely renovated interior with a modern kitchen featuring white shaker cabinets, quartz countertops, and stainless steel appliances. The bathrooms are also fully updated with new vanities, modern fixtures, and stylish tiling. New oak floors, recessed lighting, and fresh paint throughout indicate a comprehensive and recent renovation, bringing the property to a virtually new condition.
Pros & Cons

Pros

Income Potential & Versatility: The property is a duplex, offering two homes side-by-side, ideal for rental income or flexible living arrangements, appealing to both investors and owner-occupants.
High-Quality Renovation: Recently fully rehabbed with contemporary and trendy design standards, including new tile work, marble quartz countertops, white shaker cabinets, new oak floors, and upgraded windows, ensuring a move-in ready condition.
Prime Downtown Location: Conveniently located near downtown San Jose, offering easy access to a vibrant array of restaurants, breweries, entertainment venues, and urban amenities.
Excellent Accessibility: Provides quick access to Highway 280, a significant advantage for commuters and those needing efficient transportation links.
Flexible Sale Process: The original auction terms (no buyer premiums, contingencies considered, open to preemptive offers) indicate a seller willing to be flexible, which can still be a positive signal for potential buyers if the current contract falls through.

Cons

Active Under Contract Status: The property is currently 'Active Under Contract,' meaning it is not immediately available for new offers unless the existing deal falls through, limiting immediate buyer opportunities.
Significant Price Reduction & DOM: A substantial price reduction from the original list price of $1.798M to $1.398M, coupled with 95 days on market, suggests the property may have been initially overpriced or faced market resistance.
Limited Square Footage for Duplex: With 1082 sqft listed for what is described as a duplex (two homes), the individual unit sizes are likely quite small, which could be a drawback for tenants or owner-occupants seeking more spacious living areas.

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