400 Laverne Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 4 bed, 2 bath
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400 Laverne Avenue
Mill Valley, CA 94941
ACTIVE
CONDITION: GOOD
4Beds
2Baths
2,489Sq Ft
10,581Lot Size
Property Price
LIST PRICE$1,850,000
EST. MARKET VALUE
$2,053,518
9% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $1,850,000—positioned well below the $1,928,809 Fair Market Value by 4%. This valuation gap offers $78,809 in Instant Equity. Featuring a Condition Rating of 3, the home offers modern updates like EV-charging and a flexible lower-level space. Located in a top-tier district with 9/10 rated schools, this property balances lifestyle appeal with financial stability. It is an ideal acquisition for Owner-Occupants seeking a move-in ready home or Buy-and-Hold Investors.
Estimated Market Value
$2,053,518+$203,518 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 |
|---|---|---|---|---|---|---|
★ 400 Laverne Avenue Subject 4 bd · 2 ba · 2,489 sqft · $825 | $1,850,000* List Price | 4 | 2 | 2,489 | $825 | - |
A 195 Edgewood Avenue Pending 4 bd · 3 ba · 2,335 sqft · $940 · 0.4 mi | $2,195,000 List Price | 4 | 3 | 2,335 | $940 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1961, the property has been well-maintained and updated with modern systems including a tankless water heater, EV-charging infrastructure, and updated windows. The interior shows move-in ready condition with vaulted ceilings, hardwood flooring, and clean finishes consistent with a 5-15 year renovation timeline.
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 = 10581, living area = 2489.
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Architectural Character and Natural Light
The home features dramatic vaulted ceilings with exposed beams and abundant skylights, creating a bright, airy interior that seamlessly integrates with the surrounding redwood landscape.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2489, other record living area = 1977.
- Bed-to-Bath Ratio
With four bedrooms but only two bathrooms, the home may feel underserved for larger families or guests, potentially requiring future expansion to meet modern luxury expectations.
- Mid-Century Infrastructure
Built in 1961, the property may require ongoing maintenance or further updates to original structural and mechanical systems typical of hillside homes of this era.
About 400 Laverne Avenue
Set among the redwoods of Homestead Valley, 400 Laverne pairs sweeping views of open space, rolling hillsides and leafy canopies with easy access to the heart of Mill Valley. Skylights and abundant natural light animate the vaulted ceilings and dramatic exposed beams, while the open main-level plan flows easily from the fireside living room to a generous deck made for morning coffee, evening sunsets and quiet time outdoors. Level outdoor areas offer room to garden, gather or play. A flexible lower-level space with a separate entrance is ready to serve as an office, den, gym or guest retreat. Updated windows, EV-charging infrastructure and a tankless water heater add modern ease. Step out for the Laverne loop, nearby trails and Stolte Grove, or enjoy the Homestead Valley Community Center and pool. Private and peaceful, this is a Mill Valley home that feels shaped by the landscape around it.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 10,581 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
Old Mill Elementary School
Grades K-5 • 0.7 mi
8/10
Park Elementary School
Grades PK-5 • 1.5 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 | 4.0 | 3.3 |
| Baths | 2.0 | 2.7 |
| Square foot | 2,489 | 2,079.875 |
| Lot Size | 10,581 | 7,480.325 |
| Price | $1.85M | $2.25M |
| Price per sq ft | $743 | $1.1K |
| Built year | 1961 | 1960 |
| HOA | $0 | $160 |
| Days on market | 36 | 32 |
Pricing History
Listed for Sale
Sep 18, 2026
$1,850,000
Initial Listing
Sold
Feb 17, 2016
$1,295,000
Public Record