1048 Monroe Street 218, Santa Clara, California 95050, Santa Clara, - bed, bath
ACTIVE$729,000
1048 Monroe Street 218, Santa Clara, California 95050
1Bed
1Bath
839Sqft
Lot
Year Built
2019
Close
-
List price
$729K
Original List price
$789K
Price/Sqft
-
HOA
$551
Days on market
-
Sold On
-
MLS number
ML82019398
Home ConditionExcellent
Features
Good View:
View-
About this home
Beautiful 6-year-new condo in the heart of Silicon Valley. This home features an open living and dining layout with views of Franklin Square, where a farmers market is held every Saturday. The modern kitchen boasts quartz countertops and high-end appliances, complemented by a separate laundry room with washer and dryer. Additional highlights include double-pane windows, a spacious bathroom with dual sinks, central heating and A/C, and a building-wide water softener system. Community amenities offer secured entry, garage parking, elevators, fitness center, BBQ area, and an interior courtyard. Prime location near major employersApple, Google, Nvidia, Intel, and Metaplus walking distance to Santa Clara University, Fremont Park, and easy access to major highways. A true turnkey home ready to enjoy.
Price History
Date
Event
Price
10/07/25
Price Change
$729,000-4.1%
09/23/25
Price Change
$760,000-3.7%
09/05/25
Listing
$789,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 1 | 2 | 38% |
| Baths | 1 | 1.5 | 50% |
| Square foot | 839 | 970 | 38% |
| Lot Size | 0 | 0 | |
| Price | $729K | $753K | 38% |
| Price per square foot | $869 | $689 | 88% |
| Built year | 2019 | 9935994 | 100% |
| HOA | $551 | $563 | 50% |
| Days on market | 61 | 192 | 13% |
Condition Rating
Excellent
This condo was built in 2019, making it only 5 years old, which falls well within the 'built within 10 years' criteria for an excellent rating. The description highlights a 'modern kitchen' with 'quartz countertops and high-end appliances,' and a 'spacious bathroom with dual sinks,' along with central heating/A/C and double-pane windows. The images confirm these details, showcasing a pristine, contemporary interior with new appliances, modern cabinetry, stylish light fixtures, and well-maintained flooring throughout. There is no visible wear and tear, and all features appear to be in virtually new condition, requiring no immediate updates or repairs.
Pros & Cons
Pros
Prime Silicon Valley Location: Strategically located in the heart of Silicon Valley, offering unparalleled access to major tech employers (Apple, Google, Nvidia, Intel, Meta), Santa Clara University, and major highways, appealing to a broad range of professionals and students.
Modern & Turnkey Condition: A 6-year-new condo (built 2019) featuring a modern kitchen with quartz countertops and high-end appliances, central heating/A/C, double-pane windows, and a separate laundry room, presenting a move-in ready, low-maintenance home.
Comprehensive Community Amenities: The building offers a robust suite of amenities including secured entry, garage parking, elevators, a fitness center, BBQ area, and an interior courtyard, enhancing lifestyle and convenience for residents.
Desirable Interior Features & Views: The unit boasts an open living/dining layout, a spacious bathroom with dual sinks, and views of Franklin Square, which hosts a weekly farmers market, adding to its charm and livability.
Recent Price Adjustment: The property has seen a significant price reduction from $789,000 to $729,000, potentially indicating increased value and a more competitive offering in the current market.
Cons
High Association Fees: The monthly association fee of $551.0 is a substantial ongoing cost that can impact a buyer's overall affordability and budget, especially for first-time homebuyers.
Limited Living Space: With 1 bedroom, 1 bathroom, and 839 sqft, the unit offers limited space, which may not be suitable for buyers seeking more room, such as growing families or those requiring a dedicated home office.
Price Reduction History: Multiple price drops from the initial listing price could raise questions for some buyers regarding the property's initial valuation or potential market resistance, requiring clear justification.