407 Wellesley Court, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 3 bath
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407 Wellesley Court
Mill Valley, CA 94941
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,804Sq Ft
10,450Lot Size
Property Price
LIST PRICE$949,000
SUMMARY
Rare opportunity to reimagine a property with tremendous potential in Mill Valley. Set on a large lot with a functional floor plan the home as is offers a starting point for a comprehensive renovation. Owned and loved by the same family for many years, the home reflects significant deferred maintenance and will require extensive work throughout.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1974 (50 years old) with no evidence of renovation. The kitchen features original 1970s cabinetry, dated appliances, and worn linoleum. The listing explicitly notes significant deferred maintenance and visible ceiling damage, indicating a need for a full structural and cosmetic rehab.
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 = 10450, living area = 1804.
- Prime Location & Value
Situated in the highly desirable Mill Valley market, this property offers a rare entry-level price point for a single-family home, providing significant equity upside for investors or renovators.
- Generous Lot Size
The expansive 10,450 square foot lot provides ample space for outdoor living, potential expansion, or landscaping, which is a premium feature in this geographic area.
CONSRISKS & DEFICIENCIES
- Significant Deferred Maintenance
The property requires extensive work throughout due to years of deferred maintenance, making it a project best suited for cash buyers or those with specialized renovation financing.
- Substantial Capital Requirement
Beyond the initial purchase price, the home necessitates a high level of additional investment to address structural and cosmetic needs to bring it up to modern living standards.
About 407 Wellesley Court
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 10,450 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,804 | 2,079.875 |
| Lot Size | 10,450 | 7,480.325 |
| Price | $949.0K | $2.25M |
| Price per sq ft | $526 | $1.1K |
| Built year | 1974 | 1960 |
| HOA | $0 | $160 |
| Days on market | 2 | 32 |
Pricing History
Listed for Sale
Oct 22, 2026
$949,000
Initial Listing
Sold
Jul 6, 2007
$825,000
Public Record