31 Lovell Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 1 bed, 1 bath
ACTIVE$384,400$688/sqft
31 Lovell Avenue, Mill Valley, CA 94941
1Bed
1Bath
688Sqft
723Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Top Cons:
Strict Buyer Eligibility Requirements: The property is subject to significant income restrictions (120% AMI), first-time homebuyer status, and owner-occupancy requirements, severely limiting the potential buyer pool.
Compared to the nearby listings
Price:$384.4K vs avg $1.13M ($-743,100)8%
Size:688 sqft vs avg 1,324 sqft8%
Price/sqft:$559 vs avg $8398%
More Insights
Built in 2014 (12 years old).
Condition: Built in 2014, this property is only 10 years old, meeting the 'built within 10 years' criteria for an excellent rating. The listing mentions 'new carpet' and 'newer kitchen appliances,' which are confirmed by the images showing a modern kitchen with contemporary cabinets, clean countertops, and functional white appliances. The bathroom is fully accessible with a zero-entry shower and grab rails, all in pristine condition. The overall aesthetic is clean, modern, and well-maintained, with high ceilings and recessed lighting, indicating virtually new components and no deferred maintenance.
Year Built
2014
Close
-
List price
$384K
Original List price
-
Price/Sqft
$559
HOA
$788
Days on market
-
Sold On
-
MLS number
326001953
Home ConditionExcellent
Features
Deck
View-
About this home
Gorgeous single story, Below Market Rate condo in Mill Valley has become available to households that fit the income restrictions. High ceilings with beautiful light and new carpet. This unit is conveniently located within 1 block to downtown Mill Valley. Fully handicap accessible with a zero entry or curbless shower with grab rails throughout shower and bathroom. There is also an elevator right across from unit entry. The unit also features newer kitchen appliances and 1 space in the open/shared garage parking. First time homebuyers only and owner occupied required.Income Eligibility - 120 of AMI (Moderate Income) 1 person $156,000;2 persons $178,300;3 persons $200,550
A
Amy Diller
Listing Agent
Nearby schools
8/10
Old Mill Elementary School
Public,•K-5•0.2mi
9/10
Park Elementary School
Public,•PK-5•0.8mi
8/10
Edna Maguire Elementary School
Public,•K-5•1.4mi
8/10
Strawberry Point Elementary School
Public,•K-5•2.5mi
9/10
Tamalpais Valley Elementary School
Public,•K-5•2.5mi
9/10
Mill Valley Middle School
Public,•6-8•1.3mi
8/10
Tamalpais High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
02/13/15
Sold
$242,500
Condition Rating
Excellent
Built in 2014, this property is only 10 years old, meeting the 'built within 10 years' criteria for an excellent rating. The listing mentions 'new carpet' and 'newer kitchen appliances,' which are confirmed by the images showing a modern kitchen with contemporary cabinets, clean countertops, and functional white appliances. The bathroom is fully accessible with a zero-entry shower and grab rails, all in pristine condition. The overall aesthetic is clean, modern, and well-maintained, with high ceilings and recessed lighting, indicating virtually new components and no deferred maintenance.
Pros & Cons
Pros
Great Schools: Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Below Market Rate (BMR) Opportunity: This condo offers a rare and highly attractive Below Market Rate price point, providing an affordable entry into the desirable and high-cost Mill Valley market.
Prime Downtown Location: Conveniently situated within one block of downtown Mill Valley, offering easy access to amenities, shops, restaurants, and public transport.
Exceptional Accessibility Features: The unit is fully handicap accessible with a zero-entry/curbless shower, grab rails, and an elevator directly across from the entry, catering to a wide range of needs.
Modern Construction & Interior: Built in 2014, the condo features high ceilings, beautiful natural light, new carpet, and newer kitchen appliances, offering a contemporary living space.
Dedicated Garage Parking: Includes one space in the open/shared garage parking, a valuable amenity in a downtown location where parking can be scarce.
Cons
Strict Buyer Eligibility Requirements: The property is subject to significant income restrictions (120% AMI), first-time homebuyer status, and owner-occupancy requirements, severely limiting the potential buyer pool.
High Monthly Association Fee: A substantial monthly association fee of $788 for a 1-bedroom unit could significantly impact the overall affordability and monthly carrying costs for a buyer.
Potential Resale Limitations: As a BMR property, future resale may be subject to price caps and specific buyer eligibility criteria, potentially limiting long-term appreciation and investment flexibility.