602 Ralston Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 3 bath
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Mill Valley, CA 94941
This property presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,577,747 Fair Market Value by 4%. This valuation gap offers $77,747 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full rehab, yet its 12,053 sqft lot and proximity to top-rated schools like Park Elementary (9/10) provide significant upside. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a custom renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 602 Ralston Avenue Subject | $1,500,000* List Price | 3 | 3 | 1,704 | $926 | - |
A 974 Lovell Avenue Active | $1,795,000 List Price | 3 | 3 | 1,700 | $1,056 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the home is staged with digitally altered images, the underlying structure shows significant age. Built in 1900 with finishes like parquet flooring and older aluminum sliders suggesting the last major updates were 40-50 years ago. Given the 60-year long-term occupancy and the 'owner-built' history, the property likely requires a full rehab of systems, kitchen, and baths.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12053, living area = 1704.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Situated in a highly desirable Mill Valley neighborhood, the property is just 0.4 miles from the top-rated Park Elementary (9/10) and provides access to an elite school district.
Originally constructed in 1900, the property likely requires substantial updates to its core infrastructure and systems to meet current building codes and modern living standards.
Given the nearly 60-year tenure of the previous occupants, the interior likely requires a comprehensive cosmetic overhaul to appeal to contemporary buyer preferences.
This owner built home was a continual source of delight for its' occupants, Sally & Joe, for nearly 60 years. It is imbued with love. They made the most of its' immediate proximity to nature, appreciating the wildlife, dining on the deck, enjoying the sun & shade. They loved to entertain, & hosted innumerable dinner parties. Their hope would be that someone is seeking a rare retreat such as this, and that it continues to be enjoyed into the future.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,704 | - |
| Lot Size | 12,053 | - |
| Price | $1.50M | $2.35M |
| Price per sq ft | $880 | $1.1K |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 18 | 30 |
Jul 4, 2026
$1,500,000
Initial Listing