
Mill Valley, CA 94941
This Multi-Generational Value-Add Property is listed at $1,950,000, representing a prime asset for those targeting the Mill Valley market. Currently holding a Condition Rating of 5, the residence requires a full interior update to align with its $1,776,246 Fair Market Value. The property is distinguished by a separate 1BR/1BA rental unit, a 2024 roof, and scenic Tam Valley views, complemented by a spacious back patio and workshop. This is a high-potential acquisition for Buy-and-Hold Investors or Contractors looking to capitalize on forced appreciation and rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Dolan Avenue Subject | $1,775,000* List Price | 4 | 5 | 2,974 | $579 | - |
A 1103 Western Avenue Sold | $1,775,000 | 4 | 3 | 2,713 | $654 | 1.0 mi |
B 238 California Avenue Active | $1,495,000 List Price | 4 | 3 | 2,678 | $558 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 and appearing mostly original, the property exceeds the 30-year threshold for a major rehab. While the 2024 roof is a plus, the kitchen, bathrooms, and interior finishes (carpet/parquet) are severely dated and require a full renovation to meet modern standards.
The property features a separate 1BR/1BA unit, offering excellent versatility for multi-generational living or as a rental to generate supplemental income.
Meticulously maintained by the original owners since 1976, the home boasts a brand-new 2024 roof and high-quality custom details throughout.
Situated in a sunny Mill Valley location, the residence provides beautiful views of Tam Valley complemented by mature gardens and professional landscaping.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
As the home is on the market for the first time since 1976, the interior finishes and 'custom touches' may require cosmetic updates to meet contemporary luxury standards.
The hillside setting, while providing views, may present challenges regarding accessibility or limited flat outdoor space compared to level-lot properties.
One of a kind Mill Valley home! Never on the market since it was built by owners in 1976. Sunny hillside location with views of Tam Valley. Custom touches throughout the living room, formal dining & family room that opens to garden and back patio. Endless details to discover. Multi-generational or separate 1BR1BA rental unit. Workshop in basement area. Double Garage. 2024 roof. Abundant flowers & trees. Garden beds. Just reduced another $75,000. So much for the money!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 2,974 | 2,306 | 78% |
| Lot Size | 9,500 | 10,000 | 44% |
| Price | $1.77M | $2.18M | 31% |
| Price per sq ft | $597 | $983 | 12% |
| Built year | 1976 | 1959 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 145 | 2% |
May 29, 2026
$1,775,000
$1,850,000
-4% Price Drop
Initial Listing
May 18, 2026
$1,850,000
$1,950,000
-5% Price Drop
Initial Listing
Apr 22, 2026
$1,950,000
Initial Listing