41 Walnut Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 1 bath
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41 Walnut Avenue
Mill Valley, CA 94941
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,508Sq Ft
6,800Lot Size
Property Price
LIST PRICE$1,995,000
EST. MARKET VALUE
$1,754,624
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,995,000—positioned above the $1,754,624 Fair Market Value. While requiring a comprehensive renovation due to its Fair Condition Rating, the property features a rare existing residential elevator and dual street access, providing significant logistical advantages for a luxury remodel. Located in a premier district with 9/10 rated schools, this asset offers substantial upside for Value-Add Investors or Owner-Occupants seeking to craft a custom retreat in a high-demand neighborhood.
Estimated Market Value
$1,754,624
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 |
|---|---|---|---|---|---|---|
★ 41 Walnut Avenue Subject 3 bd · 1 ba · 1,508 sqft · $1,164 | $1,995,000* List Price | 3 | 1 | 1,508 | $1,164 | - |
A 283 E. Blithedale Avenue Sold 4 bd · 2 ba · 1,643 sqft · $1,156 · 0.1 mi | $1,900,000 | 4 | 2 | 1,643 | $1,156 | 0.1 mi |
B 30 Walnut Avenue Pending 4 bd · 2 ba · 1,992 sqft · $1,004 · 0.0 mi | $2,000,000 List Price | 4 | 2 | 1,992 | $1,004 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1909, the property is marketed as a 'canvas for investors' and requires a comprehensive remodel. Interior photos show extremely dated finishes including old shag carpeting and specialized medical ceiling lifts, while the garage floor exhibits significant cracking, indicating that systems and structural elements likely need major rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Park Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Prime Location & Top-Rated Schools
Situated in a highly desirable Mill Valley neighborhood, the property is minutes from downtown dining and trails, and served by top-tier schools with ratings up to 9/10.
- Rare Infrastructure Value
The inclusion of an existing residential elevator provides a significant head start for a luxury remodel, saving the future owner substantial capital and permitting time.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Needed
Built in 1909 and marketed as a 'vision' project, the home likely requires a comprehensive and costly remodel to meet modern luxury standards.
- Limited Existing Bathrooms
With only one bathroom for a three-bedroom home, the current layout is functionally obsolete for the price point, necessitating immediate structural reconfiguration.
About 41 Walnut Avenue
Bring your vision to life in one of Mill Valley's most desirable neighborhoods. Situated at a unique fork on Walnut Avenue with backing-out street access to Pine, this property presents an incredible canvas for investors, developers, or homeowners ready to build substantial equity. Featuring an existing residential elevator already installed to save you significant time and capital, you can retain the main structure to preserve the elevator core or execute a comprehensive remodel to craft your custom luxury retreat With impressive high ceilings just minutes from Downtown Mill Valley's top dining, Redwood trees, trails, and award-winning schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 6,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 • 0.8 mi
8/10
Edna Maguire Elementary School
Grades K-5 • 0.9 mi
8/10
Park Elementary School
Grades PK-5 • 1.3 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 1.0 | 2.7 |
| Square foot | 1,508 | 2,079.875 |
| Lot Size | 6,800 | 7,480.325 |
| Price | $2.00M | $2.25M |
| Price per sq ft | $1.3K | $1.1K |
| Built year | 1909 | 1960 |
| HOA | $0 | $160 |
| Days on market | 16 | 32 |
Pricing History
Listed for Sale
Oct 8, 2026
$1,995,000
Initial Listing