1081 Reed Avenue B, Sunnyvale, California 94086, Sunnyvale, 94086 - 2 bed, 2 bath
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1081 Reed Avenue B
Sunnyvale, California 94086
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,081Sq Ft
0Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$719,842
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $699,000—positioned well below the $719,843 Fair Market Value by 2%. This valuation gap offers $20,843 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a private patio, modern laminate flooring, and a new range oven. Located in a Strategic Tech Hub near major employers and top-rated schools, it is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable, high-demand asset.
Estimated Market Value
$719,842
Based on Realkey algorithm analyzing recent comparable sales in Sunnyvale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1081 Reed Avenue B Subject | $699,000* List Price | 2 | 2 | 1,081 | $666 | - |
A 1123 Reed Avenue C Sold | $620,000 | 2 | 1 | 917 | $676 | 0.1 mi |
B 999 W Evelyn Ter 87 Sold | $575,000 | 2 | 2 | 1,123 | $512 | 0.5 mi |
C 999 W Evelyn Terrace 75 Sold | $550,000 | 1 | 1 | 822 | $669 | 0.5 mi |
D 1083 Reed Avenue D Active | $589,000 List Price | 2 | 1 | 840 | $701 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1972, the property is well-maintained and move-in ready. It features recent cosmetic updates including fresh interior paint, modern laminate flooring, and a brand-new range oven. The kitchen and bathrooms appear functional with stone countertops, and the overall presentation suggests a renovation within the 5-15 year range, meeting the criteria for good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Tech Hub Location
Situated in the heart of Sunnyvale near major employers like Apple and Google, with easy access to CalTrain and the new Lawrence Station Center, offering high rental demand and convenience.
- Attractive Value Proposition
Priced competitively under $700,000, this property represents an excellent entry-level opportunity for first-time homebuyers or investors looking to enter the Silicon Valley market.
- Move-In Ready Condition
The condo features fresh interior paint, a brand-new range oven, and a spacious private patio, providing an inviting atmosphere for immediate occupancy.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $741 is relatively high for this price point, which may impact the buyer's monthly affordability and overall debt-to-income ratio.
- Aging Infrastructure
Built in 1972, the property may require future capital investments for system upgrades or modernizations that are typical for buildings of this vintage.
About 1081 Reed Avenue B
Charming Sunnyvale Condo Prime Location, Endless Potential! Welcome to this delightful 2 bedroom, 1.5 bath condo in the heart of Sunnyvale a great starter home or investment property! The open living/dining combo flows to a large private patio, perfect for entertaining or simply relaxing outdoors, with a cozy dining nook just off the living room. The inviting kitchen features a handy breakfast bar and a brand-new range oven, ready for your next home-cooked meal. A half bath sits conveniently on the lower level, while upstairs offers two spacious bedrooms with large closets, plus a full hallway bath with dual sinks and stall shower. Extra hallway storage means there's room for it all. Freshly painted throughout, this home feels crisp and move-in ready. You'll also enjoy an assigned carport space, along with easy guest and street parking. Unbeatable location just minutes from Downtown Sunnyvale and major employers like Apple, Google, LinkedIn, and Amazon. Enjoy a short walk to the CalTrain station, with the newly approved Lawrence Station Center bringing even more to the neighborhood. Great value in one of Silicon Valley's most desirable cities, don't miss out!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $741.0 / Month
Neighborhood Insights
Sunnyvale Unified Schools
Ponderosa Elementary School
Grades K-5 • 0.6 mi
7/10
Ellis Elementary School
Grades K-5 • 1.3 mi
6/10
Marian A. Peterson Middle School
Grades 6-8 • 1.3 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,081 | 1,039.375 |
| Lot Size | - | 1,445.938 |
| Price | $699.0K | $843.6K |
| Price per sq ft | $647 | $744 |
| Built year | 1972 | 1984 |
| HOA | $741.0 | $656 |
| Days on market | 28 | 52 |
Pricing History
Listed for Sale
Aug 12, 2026
$699,000
Initial Listing
Sold
Aug 28, 2007
$400,000
Public Record
Sold
May 31, 2002
$295,000
Public Record