405 Montecito Way is a 1,165 square foot condo with 2 bedrooms and 3 bathrooms. - it last sold on June 28, 2013 for $400,000. Based on Redfin's Milpitas data, we estimate the home's value is $744,962.
CondoProperty Type
1992Year Built
$639Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$744,962
$345K since sold in June 2013$13K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 5.3% lower than the average sale price ($786K) of 5 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)
Mar 5, 2025 • Final
Onl furnace
Replace a forced air furnace with a similar unit.
HVAC
Nov 2, 2011 • Final
Onl waterheater
Remove and replace a gas water heater.
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: 5
Exterior
Exterior Information
Physical Condition: Good
Building Style Type: L-Shape
Construction Type: Wood
Building Construction Quality: Average
Roof Framing Type: Wood
Property Information
Living Sq. Ft: 1,165
Ground Floor Sq. Ft: 520
Building Sq. Ft: 1,165
# of Stories: 3
Legal Description: TRACT 8459 LOT 132
Parking & Garage Information
Garage/Parking Sq. Ft: 380
Lot Information
# of Buildings: 1
Legal Lot Number: 132
Municipality Name: MILPITAS CITY
Zoning Code: R1
County Use Description: CONDO/TOWNHOUSE
Financial
Assessor Information
Assessment Year: 2026
Tax Area: MILPITAS CITY
Public facts
Beds: 2
Baths: 3.0
Sq. Ft.: 1,165
Stories: 3.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1992
Year Renovated: 1992
County: Santa Clara County
APN: 02249002
Home facts updated by county records on Aug 21, 2026
Around this home
Schools
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' 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....
Milpitas market remains competitive but more selective. Buyers have more choices and negotiating opportunities, while sellers can still attract strong demand with the right price and presentation. Homes are moving quickly when priced correctly,...
making strategy important for both buyers and sellers.