1862 Homestead Road, Santa Clara, California 95050, Santa Clara, 95050 - 3 bed, 2 bath
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1862 Homestead Road
Santa Clara, California 95050
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,637Sq Ft
11,200Lot Size
Property Price
LIST PRICE$2,125,000
EST. MARKET VALUE
$2,183,367
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,125,000—positioned well below the $2,183,368 Fair Market Value by 2%. This valuation gap offers $58,368 in Instant Equity. Featuring a Condition Rating of 5, the home requires significant rehabilitation, yet the 11,200 sq. ft. lot with SB9 Zoning allows for two main houses and two ADUs. This is a prime asset for Buy-and-Hold Investors or Developers seeking to maximize density in a high-demand Silicon Valley location.
Estimated Market Value
$2,183,367
Based on Realkey algorithm analyzing recent comparable sales in Santa Clara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1862 Homestead Road Subject | $2,125,000* List Price | 3 | 2 | 1,637 | $1,334 | - |
A 1745 Clay Street Sold | $1,557,750 | 3 | 1 | 1,247 | $1,249 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1951 and original since 1956, the property features a vintage kitchen and bathrooms that have not been updated in over 60 years. While the home shows pride of ownership and is clean, the age of the structure and systems (>70 years) necessitates a full rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11200, living area = 1637.
- Significant Development Potential
The expansive 11,200 sq. ft. lot is SB9 qualified, offering a rare opportunity to develop up to two primary residences and two ADUs, making it an exceptional find for investors or multi-generational families.
- Prime Silicon Valley Location
Centrally located with easy access to major tech hubs, Santa Clara University, and Santana Row, the property boasts a high walkability factor and convenient proximity to highways 280, 101, and 85.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
Maintained by the original owners since 1956, the home is in its original, non-updated state, requiring a significant budget for modern renovations and system upgrades.
- Limited Bathroom Configuration
The 1.5-bathroom layout for a three-bedroom home of over 1,600 sq. ft. is below modern market expectations for a property at this price point, likely necessitating a floor plan reconfiguration.
About 1862 Homestead Road
Welcome to this charming 3-bedroom, 1 ½ baths, 1,637 sq. ft. home on a huge 11,200 Sq. ft. lot. Hardwood floors, fireplace, indoor laundry, dining area with French doors leading to sunroom. Newly painted exterior, detached 2 car garage with large workshop, enclosed outdoor patio great for entertaining. Huge lot with Citrus and fruit trees, garden house, Large private yard. This home has been owned by its original owners since 1956, though not updated, shows pride of ownership. This 11,200 sq. Ft. lot qualifies for SB9, per city of Santa Clara planning division there can be 2 main houses and 2 ADUs. Short commute to high tech companies, Santa Clara University, Santana row, San Jose Airport, Schools, restaurants and shopping centers. Easy access to Hwy 280,17,85,101. A must see to appreciate. .
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 11,200 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Clara Unified Schools
C. W. Haman Elementary School
Grades K-5 • 0.5 mi
6/10
Buchser Middle School
Grades 6-8 • 0.6 mi
5/10
Santa Clara High School
Grades 9-12 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,637 | 1,469.529 |
| Lot Size | 11,200 | 6,056.015 |
| Price | $2.12M | $1.91M |
| Price per sq ft | $1.3K | $1.3K |
| Built year | 1951 | 1957 |
| HOA | $0 | $220 |
| Days on market | 19 | 37 |
Pricing History
Listed for Sale
Aug 21, 2026
$2,125,000
Initial Listing