157 Homestead Boulevard, Mill Valley, CA 94941, Mill Valley, 94941 - 2 bed, 1 bath

157 Homestead Boulevard, Mill Valley, CA 94941 home-pic-0

157 Homestead Boulevard

Mill Valley, CA 94941

ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,056Sq Ft
5,401Lot Size

Property Price

LIST PRICE$1,199,000
EST. MARKET VALUE
$1,262,862
5% BelowMARKET VALUE

SUMMARY

Analysis of 157 Homestead Boulevard, Mill Valley, CA 94941 reveals a Prime Investment Opportunity with a current list price of $1,199,000—significantly undercutting the $1,262,862 Fair Market Value by 5%. This valuation gap indicates a +$63,862 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mill Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,262,862 +$63,862 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mill Valley.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
157 Homestead Boulevard
Subject
$1,199,000*
List Price
211,056$1,196-
A
317 Seymour Ln
Sold
$1,405,000321,120$1,2540.6 mi
B
336 Shoreline Highway
Sold
$1,325,000321,320$1,0041.0 mi
C
12 Alturas Way
Active
$1,395,000
List Price
321,380$1,0110.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation, featuring refinished hardwood floors, fresh interior and exterior paint, brand-new kitchen appliances, and a modernized bathroom with new tile and fixtures. Despite its 1963 build date, the home is in move-in ready condition with all major surfaces and fixtures updated within the last five years, meeting current quality standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).

  • Prime Outdoor Access

    The property offers rare, direct access to the Marincello Trail and Marin Headlands, providing an unparalleled lifestyle for outdoor enthusiasts with no driving required.

  • Turnkey Condition

    Extensively updated with fresh interior/exterior paint, refinished floors, new kitchen appliances, and modern bathroom fixtures, making it a move-in-ready starter home.

CONSRISKS & DEFICIENCIES

  • Limited Living Space

    With only two bedrooms and one bathroom in a 1,056-square-foot layout, the home may feel restrictive for growing families or those requiring a dedicated home office.

  • Sloped Topography

    The hillside backyard, while functional for pets, lacks flat usable space for traditional outdoor entertaining or recreational activities.

About 157 Homestead Boulevard

Buying your first home in Mill Valley is almost never about perfection. It's about making a smart move and 157 Homestead feels like one. If you've been looking in this entry-level range, you already know how hard it is to find something that's actually move-in ready, close to everything, and still gives you real trail access. Tucked into a quiet pocket just minutes from 101, this 2BD/1BA has been thoughtfully updated with refinished hardwood floors, fresh paint inside and out, new kitchen appliances, and an updated bath with new tile and fixtures. It lives bright and easy. You're about five minutes to Highway 101, roughly fifteen to San Francisco, and it's bikeable to Tam, Miller, and downtown but you can also walk straight onto the Marincello Trail and into the Marin Headlands without ever getting in the car. The hillside backyard isn't oversized, but it's usable great for pets, a little gardening, or just being outside in your own space. And don't just assume this one is a pass. The previous owner lived here happily for more than 60 years. That says something. Homes don't hold people that long unless they truly work. For anyone trying to get into Mill Valley in a way that makes both practical and lifestyle sense, this is worth a real look.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1963
Lot Size
5,401 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Mill Valley Unified Schools

Old Mill Elementary School

Grades K-5 • 1.3 mi

8/10

Tamalpais Valley Elementary School

Grades K-5 • 1.3 mi

9/10

Edna Maguire Elementary School

Grades K-5 • 1.4 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
21%
Baths1.03.0
13%
Square foot1,0562,190
6%
Lot Size5,4018,324
15%
Price$1.20M$2.10M
8%
Price per sq ft$1.1K$1.0K
61%
Built year19631959
55%
HOA$0$0
50%
Days on market43172
6%

Pricing History

Listed for Sale

Feb 23, 2026

$1,199,000

$1,229,000

-2% Price Drop

Initial Listing

Price Change

Jan 29, 2026

$1,229,000

$1,250,000

-2% Price Drop

Initial Listing

Price Change

Jan 23, 2026

$1,250,000

Initial Listing

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