3-Bed Fixer-Upper
Mill Valley, CA · Marin County
$1,150,000
- Beds / Baths
- 3 / 2
- Square footage
- 1,614 sqft
- Lot size
- 0.43 acre
- Year built
- 1956
- Est. repairs
- ~$200,000
- Est. ARV
- $1,650,000
Exact address provided after you submit your contact info below.
Get the Address & Full DetailsAbout This Property
This 3-bedroom, 2-bath home offers 1,614 square feet on a generous 0.43-acre lot in Mill Valley. The house is fully livable in its current condition — the roof and water heater are both in good shape — but it needs foundation work and updating throughout to reach its full potential. It will be delivered vacant.
The Opportunity
This is not a straightforward flip. The real upside here is structural, and it takes a buyer willing to think beyond a cosmetic renovation to see it.
Lot Split Potential
At 0.43 acres, this lot may support a split, subject to Mill Valley's zoning and subdivision requirements. A buyer who confirms feasibility with the city could unlock a second buildable parcel from a single acquisition.
Add Square Footage, Not Just Value
A meaningful portion of the property's footprint is underutilized space that could be converted or built out. Construction in this range is estimated at $400–$500 per square foot — and in a neighborhood where finished square footage commands $1,000+ per square foot, that gap is where the real return lives. Adding livable square footage here isn't just a repair — it's a value-creation play in its own right, on top of the renovation itself.
For a buyer willing to execute on either angle — or both — this property offers meaningfully more upside than the surface numbers suggest.
Property Highlights
- Price: Offered at $1,150,000
- Size: 3 bed / 2 bath, 1,614 sqft, built 1956
- Lot: 0.43 acre — potential for a lot split, subject to city approval
- Condition: Livable as-is; needs foundation work and updating throughout
- Roof & water heater: Both in good condition
- Delivery: Delivered vacant
- Estimated repairs: ~$200,000
- Estimated ARV: $1,650,000
- Expansion upside: Underutilized space suitable for buildout at an estimated $400–$500/sqft, in a neighborhood where finished sqft commands $1,000+
Get the Address & Full Details
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