This recently built home in Mill Valley is for sale at an incredibly low price and it still isn't selling. I guess the biggest issue is there don't seem to be any real buyers in this price range right now, otherwise this home at this value would have been snatched up!
This home is currently listed at $1,895,000. It is ~4,000 sqft and has views of Richardfon Bay. I target fair value in a normal market for this home around $2m and all we are getting is $1.6m verbal offers. I am pretty sure the seller would make the trade at $1.75m which would equate to $437/sqft. You can't build homes like this in Marin County CA for that price which means you are gettting the land in Mill Valley CA, as well as the Mill Valley School system, and the lifestyle all for free. That is REAL value.
The seller is now offering $50,000 landscaping incentive to create a kids paradise out of the hillside backyard.
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