238 Throckmorton Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 1 bath
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238 Throckmorton Avenue
Mill Valley, CA 94941
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
1,043Sq Ft
5,715Lot Size
Property Price
LIST PRICE$1,695,000
SUMMARY
Analysis of 238 Throckmorton Avenue, Mill Valley, CA 94941 is currently available with a list price of $1,695,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Originally built in 1900 (>50 years old) with no mention of renovations. The listing explicitly states the property is being sold for 'lot value,' indicating the structure is likely unlivable and the value lies in the land for redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Prime Downtown Location
Situated in the heart of Mill Valley, this property is just seconds from downtown shops, cafes, and trailheads, offering a lifestyle of convenience in a highly sought-after area.
- Top-Tier School District
The property is located within an exceptional school district, with Old Mill Elementary just 0.15 miles away and Mill Valley Middle School nearby, both boasting high ratings.
CONSRISKS & DEFICIENCIES
- Teardown Condition
The existing 1900 structure is being sold for lot value, meaning the buyer must account for the significant costs and time associated with a complete rebuild or major structural renovation.
- High Entry Cost for Land
At a list price of nearly $1.7M for the lot alone, the project requires substantial additional capital for construction and navigating city permitting processes.
About 238 Throckmorton Avenue
An exceptional opportunity in the heart of Mill Valley 238 Throckmorton is seconds from downtown. Shops, cafs, and trailheads at your fingertips. Originally built in 1900, this home is being sold for lot value. Owner users and investors should investigate the property's potential with the city. Addresses this central to Mill Valley rarely hit the market.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 5,715 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 0.1 mi
8/10
Park Elementary School
Grades PK-5 • 0.9 mi
9/10
Edna Maguire Elementary School
Grades K-5 • 1.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,043 | 2,121.704 |
| Lot Size | 5,715 | 8,194.037 |
| Price | $1.70M | $2.10M |
| Price per sq ft | $1.6K | $1.1K |
| Built year | 1900 | 1963 |
| HOA | $0 | $160 |
| Days on market | 34 | 32 |
Pricing History
Listed for Sale
Aug 6, 2026
$1,695,000
Initial Listing