4 Marsh Drive, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 2 bath
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4 Marsh Drive
Mill Valley, CA 94941
ACTIVE
CONDITION: TEAR DOWN
4Beds
2Baths
1,704Sq Ft
18,095Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,317,312
5% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,394,749 Fair Market Value by 3%. This valuation gap offers $44,749 in Instant Equity for buyers. Featuring a Condition Rating of 6, the home is cleared to the studs, offering a blank canvas for a luxury rebuild. With a massive 18,095 sqft lot and Top-Rated Schools nearby, this is a premier asset for Fix-and-Flip Investors or Contractors seeking significant development upside.
Estimated Market Value
$1,317,312+$67,312 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 |
|---|---|---|---|---|---|---|
★ 4 Marsh Drive Subject | $1,250,000* List Price | 4 | 2 | 1,704 | $773 | - |
A 602 Ralston Avenue Active | $1,500,000 List Price | 3 | 3 | 1,704 | $880 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1971 (53 years old) and currently gutted to the studs, the property is unlivable with no kitchen, bathrooms, or functional systems, fitting the criteria for land value and development potential.
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 = 18095, living area = 1704.
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Prime Location
Situated in the prestigious Middle Ridge neighborhood among redwoods, the property is within walking distance to top-rated Park Elementary and offers elite Mill Valley living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Extensive Renovation Required
Currently cleared to the studs, the home is uninhabitable and requires a complete rebuild, necessitating significant capital and a long-term project timeline.
- Topographical Challenges
The lot's steep descent toward West Blithedale may present engineering complexities and higher construction costs for future development or landscaping.
About 4 Marsh Drive
Location, location, location! Bring your contractor/developer clients. This property has huge profit potential. Set in the most desireable Middle Ridge neighborhood,among the redwoods. The house has been cleared to the studs and is ready for its remodel. Foundation is in good shape and can bear a 3rd level. The lot extends down the hill towards West Blithedale with much potential to develop. Check out recently closed lisitng at 5 Marsh dr.; sold for over $7million, ask price was $6.5!!!! Profit potential is huge.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 18,095 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Park Elementary School
Grades PK-5 • 0.1 mi
9/10
Old Mill Elementary School
Grades K-5 • 0.9 mi
8/10
Edna Maguire Elementary School
Grades K-5 • 1.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,704 | 2,121.704 |
| Lot Size | 18,095 | 8,194.037 |
| Price | $1.25M | $2.10M |
| Price per sq ft | $734 | $1.1K |
| Built year | 1971 | 1963 |
| HOA | $0 | $160 |
| Days on market | 44 | 32 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,250,000
$1,350,000
-7% Price Drop
Initial Listing
Price Change
Jul 27, 2026
$1,350,000
Initial Listing
Sold
Apr 25, 2024
$875,000
Public Record
Sold
Feb 7, 2023
$795,000
Public Record