387 Montecito Way is a 1,375 square foot townhouse with 3 bedrooms and 3 bathrooms. - it last sold on December 13, 2018 for $889,000. Based on Redfin's Milpitas data, we estimate the home's value is $1,186,513.
TownhomeProperty Type
1992Year Built
$863Est. Price/Sq.Ft.
2 car garageParking
Source:Public Records
Redfin Estimate
$1,186,513
$298K since sold in December 2018$172K since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 24.2% lower than the average sale price ($1.57M) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R3
Multi-Family High Density Residential Zone
The purpose and intent of this zone is to stabilize and protect the residential characteristics of the District and to promote, insofar as compatible with the intensity of land use, a suitable environment for family life.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Multiple units
Housing-Other
Planned unit development (pud)
Apr 3, 2017 • Final
Rcp combination
Perform a bathroom remodel including the installation of a new shower.
Bathroom
Remodel
Jan 24, 2014 • Final
Onl waterheater
Remove and replace a water heater in the same location.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Room Information
# of Rooms: 6
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: L-Shape
Construction Type: Wood
Building Construction Quality: Average
Roof Framing Type: Wood
Property Information
Living Sq. Ft: 1,375
Ground Floor Sq. Ft: 609
Building Sq. Ft: 1,375
# of Stories: 3
Legal Description: TRACT 8459 LOT 123
Parking & Garage Information
Garage/Parking Sq. Ft: 475
Lot Information
# of Buildings: 1
Legal Lot Number: 123
Municipality Name: MILPITAS CITY
Zoning Code: R1
County Use Description: CONDO/TOWNHOUSE
Location Information
Parcel Location Influence: Canal/Waterfront
Financial
Assessor Information
Assessment Year: 2026
Tax Area: MILPITAS CITY
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,375
Stories: 3.0
Lot Size: —
Style: Townhouse
Year Built: 1992
Year Renovated: 1992
County: Santa Clara County
APN: 02249011
Home facts updated by county records on Nov 1, 2026
Around this home
Schools
K - 12
Preschool & daycare
Marshall Pomeroy Elementary School
Public K-6 • Assigned • 0.8mi
9/10
Thomas Russell Middle School
Public 7-8 • Assigned • 0.9mi
9/10
Milpitas High School
Public 9-12 • Assigned • 0.8mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Milpitas' housing market is somewhat competitive, with homes averaging 1 offer and selling in 20 days. The median sale price is $1.3M, down 9.37% year over year, while price per sq ft rose 0.9%. Buyers may find negotiating opportunities, while...
sellers should focus on strategic pricing & presentation
Milpitas’s housing market is cooling, with median sale prices down 9.4% year over year to $1.29 million. Buyers may find more negotiating opportunities as inventory rises, while sellers should price competitively and prepare their homes well for...
Milpitas' fall market offers balanced opportunities. Median prices sit near $1.3M with homes averaging 18 days on market. While move-in-ready properties still spark quick bidding wars, you'll find breathing room to negotiate on homes needing updates....