1008 Erica Road, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 3 bath
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1008 Erica Road
Mill Valley, CA 94941
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,165Sq Ft
22,050Lot Size
Property Price
LIST PRICE$1,800,000
EST. MARKET VALUE
$1,865,138
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned well below the $1,865,139 Fair Market Value by 3%. This valuation gap offers $65,139 in Instant Equity for buyers. Featuring a 0.5-Acre Street-to-Street Lot and Distant Mountain Views, the home has a Condition Rating of 5, requiring a total rehab. Located in a top-tier district with 9/10 Rated Schools, this is a premier project for Fix-and-Flip Investors or Contractors seeking significant value-add potential.
Estimated Market Value
$1,865,138+$65,138 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mill Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 Erica Road Subject 4 bd · 3 ba · 2,165 sqft · $861 | $1,800,000* List Price | 4 | 3 | 2,165 | $861 | - |
A 552 Shoreline Highway Sold 3 bd · 3 ba · 1,610 sqft · $1,056 · 0.6 mi | $1,700,000 | 3 | 3 | 1,610 | $1,056 | 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 1969 and original to the same family for over 55 years, the property is a 'contractor special' requiring a total rehab. While the structure is standing, the age of the home (>50 years) without significant renovations, combined with the agent's call for vision and contractors, indicates that the kitchen, baths, and systems (visible aged ductwork in crawlspace) are at the end of their functional life.
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 = 22050, living area = 2165.
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Expansive Private Lot
The property features a rare 0.5-acre street-to-street lot in the Muir Meadows subdivision, offering exceptional privacy and significant outdoor space that is increasingly difficult to find in Mill Valley.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The listing explicitly calls for contractors with vision, indicating that the home likely requires substantial structural or cosmetic updates to meet modern living standards.
- Potential Deferred Maintenance
As a 1969 original-owner home, buyers should anticipate the need for modernizing aging systems and addressing potential wear accumulated over five decades of continuous ownership.
About 1008 Erica Road
Owned by the same family since 1969, this special property is ready for its next chapter. Come with vision and create something truly exceptional on a private setting of .5Acre street to street lot, that is increasingly hard to find.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 22,050 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Tamalpais Valley Elementary School
Grades K-5 • 1.4 mi
9/10
Old Mill Elementary School
Grades K-5 • 1.4 mi
8/10
Edna Maguire Elementary School
Grades K-5 • 2.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,165 | 2,079.875 |
| Lot Size | 22,050 | 7,480.325 |
| Price | $1.80M | $2.25M |
| Price per sq ft | $831 | $1.1K |
| Built year | 1969 | 1960 |
| HOA | $0 | $160 |
| Days on market | 40 | 32 |
Pricing History
Listed for Sale
Sep 14, 2026
$1,800,000
Initial Listing