
Santa Clara, California 95050
This Historic California Craftsman represents a Strong Value Opportunity, listed at $2,598,888—positioned well below the $2,321,907 Fair Market Value by -11%. While the property is currently priced above the estimated market value, the Mills Act tax benefits and 9,085 sq ft lot provide significant long-term financial upside. Featuring a Condition Rating of 3, this home offers preserved 1903 character alongside modern updates. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a landmark residence in Santa Clara’s historic Old Quad.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1061 Fremont Street Subject 3 bd · 2 ba · 1,931 sqft · $1,202 | $2,598,888* List Price | 3 | 2 | 1,931 | $1,202 | - |
A 935 Circle Drive Sold 3 bd · 2 ba · 1,602 sqft · $1,451 · 0.7 mi | $2,324,000 | 3 | 2 | 1,602 | $1,451 | 0.7 mi |
B 951 Fairfield Avenue Sold 3 bd · 3 ba · 1,793 sqft · $1,102 · 0.8 mi | $1,975,000 | 3 | 3 | 1,793 | $1,102 | 0.8 mi |
C 2325 Park Avenue Sold 4 bd · 3 ba · 2,115 sqft · $1,144 · 1.0 mi | $2,420,000 | 4 | 3 | 2,115 | $1,144 | 1.0 mi |
D 1285 Chapel Drive Active 3 bd · 2 ba · 1,565 sqft · $1,277 · 0.6 mi | $1,998,000 List Price | 3 | 2 | 1,565 | $1,277 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1903, this historic Craftsman is exceptionally well-maintained and move-in ready. It features updated electrical and forced-air heating systems, a functional kitchen with granite countertops and modern appliances, and pristine original architectural details. It avoids a fair rating due to the high level of preservation and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8900, living area = 1931.
This 1903 California Craftsman is a recognized landmark in Santa Clara's Old Quad, featuring exceptional original details such as 10-foot ceilings, leaded glass, and pocket doors that offer timeless aesthetic appeal.
The property is currently under the Mills Act, providing the owner with a substantial property tax discount, which significantly enhances long-term affordability and investment value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1931, other record living area = 1871.
While charming, the 1924 Bridge-Beach stove and antique claw-foot tubs may not appeal to modern buyers seeking a contemporary chef's kitchen or updated spa-like bathroom amenities.
A recent price reduction of approximately $400,000 suggests the property was initially overvalued, which may lead to buyer concerns regarding its current market positioning and appraisal value.
Rare opportunity to own a magnificent 1903 California Craftsman in the heart of Santa Clara's historic Old Quad. Set on a wide, tree-lined street, this 3BD/2BA home offers 1,931 sq ft on a generous 9,085 sq ft lot and is a longtime favorite on the city's Christmas Tour of Fine Old Homes.Original character shines throughout, a welcoming front porch, wainscoting with picture rails, wood floors with rich patina, a fireplace with cast-iron insert and Arts & Crafts lighting, dining room with built-in china cabinet, double pocket doors with original keys, leaded glass, exterior windows with original rolled glass, 10-ft ceilings, and brass hardware throughout. T kitchen offers granite counters, built-in dishwasher, and a working 1924 Bridge-Beach Superior stove, burning gas and wood. The baths feature Antique claw-foot tubs, including a rare 6-ft tub in the hall bath. Amenities also include an additional 1,340 sq ft basement workshop/storage/gym, oversized 2-car garage with 40-amp welding plug, RV parking, private courtyard with fountain, 355 ft of redwood fencing, updated electrical, and forced-air heat throughout. Currently part of the Mills Act, offering a HUGE discount on property taxes, making this a home accessible to even more buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,931 | 1,494.966 |
| Lot Size | 8,900 | 5,938.954 |
| Price | $2.60M | $1.88M |
| Price per sq ft | $1.3K | $1.3K |
| Built year | 1903 | 1956 |
| HOA | $0 | $180 |
| Days on market | 45 | 37 |
Sep 30, 2026
$2,598,888
$2,999,888
-13% Price Drop
Initial Listing
Sep 9, 2026
$2,999,888
Initial Listing
Feb 8, 2006
$1,260,000
Public Record