In case you needed any more proof that the market in Mill Valley is super-heated due to tons of demand and limited inventory, here’s a great example. We knew 26 Shell Rd was going to get multiple offers and go well over asking, as it has an amazing lot and tons of potential. It’s on a big, sunny parcel, in the Alto Sutton Manor neighborhood that has become very hot the last few years, with good weather by MV standards, an awesome commute location, and the revamped Edna McGuire elementary school.
The original homes in the area are modest, but many have been expanded or even completely rebuilt, and prices have been shooting up. This one has a dated but pleasant 1454 square foot home, a second bonus building, a pool, and lots of flat usable space. Asking was $1,100,00, which was an aggressive price, but it got 10 offers and closed recently for $1,603,000.