974 Lovell Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 3 bath
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974 Lovell Avenue
Mill Valley, CA 94941
ACTIVE
CONDITION: TEAR DOWN
3Beds
3Baths
1,700Sq Ft
13,068Lot Size
Property Price
LIST PRICE$1,495,000
EST. MARKET VALUE
$1,499,109
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,495,000—positioned well below the $1,499,109 Fair Market Value by 0.27%. This offering includes two parcels totaling 0.44 acres in Cascade Canyon, providing significant development potential for an ADU or expansion. With a Condition Rating of 6, the home requires a full renovation, making it an ideal project for Fix-and-Flip Investors or Contractors. Located near top-rated schools like Mill Valley Middle, this asset combines land-value upside with a prime, serene location.
Estimated Market Value
$1,499,109
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 |
|---|---|---|---|---|---|---|
★ 974 Lovell Avenue Subject | $1,495,000* List Price | 3 | 3 | 1,700 | $882 | - |
A 602 Ralston Avenue Active | $1,500,000 List Price | 3 | 3 | 1,704 | $880 | 0.9 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 1955 (70+ years old) with no recorded renovations. The listing explicitly markets the property as a 'complete rebuild' or 'full renovation opportunity' for contractors and investors, focusing on the land value of the two parcels rather than the existing structure's condition.
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 = 13068, living area = 1700.
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Exceptional Development Potential
The offering includes two parcels totaling nearly half an acre, providing a rare opportunity to expand the existing structure, add an ADU, or build a second single-family home.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is positioned as a full renovation or rebuild project, requiring significant additional capital investment and a visionary buyer or contractor.
- Recent Price Volatility
A substantial $300,000 price reduction within the first month of listing suggests the property may have faced initial market resistance regarding its condition versus valuation.
About 974 Lovell Avenue
A rare opportunity spanning two parcels totaling nearly half an acre (.44 acres) in Mill Valley's coveted Cascade Canyon. This offering includes both the single-level home and the neighboring parcel at 972 Lovell, giving you exceptional space to reimagine, expand, or build anew. Surrounded by majestic redwoods, this hidden gem offers exceptional privacy & a serene escape from everyday life. Conveniently located just minutes from downtown Mill Valley and steps from the scenic Tenderfoot Trail & Cascade Falls, the property combines natural beauty with everyday accessibility. Whether you envision a thoughtful renovation or a complete rebuild, the possibilities are abundant across the combined lots. Explore options for expansion, the addition of an ADU, or building another single family home on the neighboring lot. Bring your contractor and your vision. This is a chance to create the dream sanctuary you've always imagined. Ideal for contractor, investor, or end user seeking a full renovation opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 13,068 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
Mill Valley Unified Schools
Park Elementary School
Grades PK-5 • 0.9 mi
9/10
Old Mill Elementary School
Grades K-5 • 1.0 mi
8/10
Edna Maguire Elementary School
Grades K-5 • 2.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,700 | 2,121.704 |
| Lot Size | 13,068 | 8,194.037 |
| Price | $1.50M | $2.10M |
| Price per sq ft | $879 | $1.1K |
| Built year | 1955 | 1963 |
| HOA | $0 | $160 |
| Days on market | 54 | 32 |
Pricing History
Listed for Sale
Aug 11, 2026
$1,495,000
$1,795,000
-17% Price Drop
Initial Listing
Price Change
Jul 17, 2026
$1,795,000
Initial Listing