NOT LISTED FOR SALE

503 Palma Way Mill Valley, CA 94941

Tamalpais Valley Neighborhood

Estimated Value: $1,771,000 - $1,987,699

3 Beds
2 Baths
1,844 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $1,725,000 $935 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $12,127/month

27 Days on Market

Highlights

  • Spa
  • Midcentury Modern Architecture
  • Private Lot
  • Mill Valley Middle School Rated A
  • View of Hills
  • Engineered Wood Flooring

About This Home

As of August 2024

Located on a private cul de sac in Tam Valley, this Mediterranean style single level home exudes charm and warmth. Entering through the front door, a covered breezeway with an attached 2 car garage leads to an inviting and spacious courtyard complete with an in ground jetted hot tub. This courtyard is the heart of the home and provides amazing indoor/outdoor flow from the living room perfect for entertaining and relaxation. The main living space has a gas fireplace and beautiful vaulted ceilings and skylights providing a great sense of space. Abundant natural light streams through the many windows and glass doors throughout the open floor plan. You are then invited to the dining room and gourmet kitchen sure to please any chef. From the kitchen a hallway leads to the primary suite, two additional bedrooms and a full bath. Extensive improvements and upgrades were recently completed to include new flooring, landscaping and full interior/exterior painting. The back porch and great sized flat yard are peaceful and serene with gorgeous views. This home truly has it all while being conveniently located to 101, trails, amenities and beaches.

Last Agent to Sell the Property

Ethan Moeller

Coldwell Banker Realty License #01908387 Listed on: 06/15/2024

Coldwell Banker Realty

Co-Listed By

Joshua Deitch

Coldwell Banker Realty License #01902477

Last Buyer's Agent

Aviva Kamler

Sotheby's International Realty License #02076186

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,715

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Masonry wall
  • Wood Fence
  • Landscaped
  • Private Lot

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Uncovered Parking

Home Design

  • Midcentury Modern Architecture
  • Spanish Architecture
  • Mediterranean Architecture
  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,844 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Skylights
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room
  • Views of Hills
  • Partial Basement

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops
  • Wine Rack
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Tile Bathroom Countertop
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Courtyard
  • Patio
  • Shed

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • 220 Volts
  • High-Efficiency Water Heater
  • Internet Available

Community Details

  • Stream Seasonal

Listing and Financial Details

  • Assessor Parcel Number 049-046-11

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,715

Year Built

Built in 1967 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Interior Amenities: Open Beam Ceiling, Skylight(s)
  • Type: Residential
  • Property Sub Type: Single Family Residence
  • Subtype Description: Detached
  • Directions To Property: Shoreline Hwy to Palma Way
  • Lot Size Acres: 0.2837
  • Stories: 1
  • Levels: One
  • ArchitecturalStyle: Mediterranean, Mid-Century, Ranch, Spanish
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Range, Dishwasher, Disposal, Double Oven, Free Standing Refrigerator, Gas Cook Top, Hood Over Range, Ice Maker, Wine Refrigerator
  • Number Of Fireplaces: 1
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Dining Room Features: Formal Room, Space in Kitchen
  • Living Room Features: Cathedral/Vaulted, Deck Attached, Skylight(s)
  • Basement: Partial
  • Flooring: Carpet, Simulated Wood, Tile, Wood
  • Square Footage: 1844.00
  • Bathroom Features: Shower Stall(s), Tile, Tub w/Shower Over
  • Bathrooms: 2
  • Fireplace Features: Gas Log, Insert
  • Kitchen Features: Breakfast Area, Granite Counter, Island, Island w/Sink, Pantry Cabinet, Pantry Closet, Quartz Counter
  • Room Type: Dining Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Wine Storage Area
  • Main Level: Bedroom(s), Dining Room, Full Bath(s), Garage, Kitchen, Living Room, Primary Bedroom, Street Entrance
  • Spa Features: Spa/Hot Tub Built-In
  • PrimaryBedroomFeatures: Outside Access, Walk-In Closet

Exterior Features

  • Construction Materials: Frame, Stucco, Wood
  • Foundation: Concrete Perimeter
  • Lot Features: Cul-De-Sac, Landscape Back, Landscape Front, Private, Stream Seasonal
  • Property Condition: Updated/Remodeled
  • Roof: Composition, Shingle
  • ExteriorFeatures: Uncovered Courtyard
  • Fencing: Masonry, Partial, Wood
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Uncovered Deck, Uncovered Patio
  • View: Hills

Garage/Parking

  • Parking Features: Attached, Detached, Garage Door Opener, Garage Facing Front, Side-by-Side, Uncovered Parking Spaces 2+
  • Total Parking Spaces: 4.00
  • Garage Spaces: 2.00
  • Driveway/Sidewalks: Paved Driveway

Utilities

  • Cooling: None
  • Electric: 220 Volts
  • Security Features: Carbon Mon Detector, Security System Owned, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Internet Available, Public
  • Water Source: Public, See Remarks
  • Heating: Central, Gas, Natural Gas
  • Laundry Features: Dryer Included, Laundry Closet, Washer Included

Schools

  • School District: Marin
  • Middle/Junior School District: Mill Valley

Lot Info

  • Assessor Parcel Number: 049-046-11
  • Lot Size Sq Ft: 12358.00

Green Features

  • Energy Efficient: Water Heater

Building Info

  • Year Built: 1967

MLS Schools

  • Senior High School District: Mill Valley
  • School District (County): Marin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2024
Closed on
Jul 25, 2024
Sold by
Barrett I Lucero Living Trust and Lucero Barrett I
Bought by
Devoe Thomas R and Campos Caitlin
Seller's Agent
Ethan Moeller
Coldwell Banker Realty
Buyer's Agent
Aviva Kamler
Sotheby's International Realty
List Price
$1,750,000
Sold Price
$1,725,000
Premium/Discount to List
-$25,000
-1.43%
Views
26
Current Estimated Value
$1,893,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,425
Avg. Annual Appreciation
9.19%
Original Mortgage
$1,207,500
Outstanding Balance
$1,194,924
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$698,501

Purchase Details

Closed on
Nov 16, 2018
Sold by
Lucero Barrett I
Bought by
Lucero Barrett L and The Barrett L Lucero Living Tr

Purchase Details

Closed on
Jul 10, 2015
Sold by
Bencharsky Joseph T
Bought by
Lucero Barrett I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Larusch Sharlene A and Bencharsky Joseph T
Bought by
Bencharsky Joseph T

Purchase Details

Closed on
Jan 11, 2006
Sold by
Nehra Alexandra Z and Bencharsky Joseph T
Bought by
Larusch Sharlene A and Bencharsky Joseph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 5, 2004
Sold by
Bencharsky Joseph T and Nehra Alexandra Z
Bought by
Bencharsky Joseph T and Nehra Alexandra Z

Purchase Details

Closed on
May 16, 1996
Sold by
Mcgrew Robert E and Mcgrew Claudia J
Bought by
Bencharsky Joseph T and Nehra Alexandra Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
8.07%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Devoe Thomas R $1,725,000 First American Title
Lucero Barrett L -- None Available
Lucero Barrett I $1,329,000 Stewart Title Mill Valley Of
Bencharsky Joseph T $306,000 Old Republic Title Company
Larusch Sharlene A -- Multiple
Bencharsky Joseph T -- Multiple
Bencharsky Joseph T -- --
Larusch Sharlene A -- --
Bencharsky Joseph T $365,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devoe Thomas R $1,207,500
Previous Owner Lucero Barrett I $200,000
Previous Owner Lucero Barrett I $962,500
Previous Owner Lucero Barrett I $625,000
Previous Owner Bencharsky Joseph T $343,000
Previous Owner Bencharsky Joseph T $45,000
Previous Owner Bencharsky Joseph T $261,000
Previous Owner Bencharsky Joseph T $40,000
Previous Owner Bencharsky Joseph T $21,000
Previous Owner Bencharsky Joseph T $14,171
Previous Owner Bencharsky Joseph T $239,300
Previous Owner Bencharsky Joseph T $35,000
Previous Owner Bencharsky Joseph T $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $1,725,000 -1.4% $935 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $1,750,000 -- $949 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,715 $1,725,000 $1,000,000 $725,000
2024 $21,715 $1,536,581 $986,476 $550,105
2023 $21,865 $1,506,459 $967,138 $539,321
2022 $20,700 $1,476,922 $948,175 $528,747
2021 $20,756 $1,447,965 $929,585 $518,380
2020 $20,446 $1,433,124 $920,057 $513,067
2019 $19,772 $1,405,028 $902,020 $503,008
2018 $20,142 $1,377,489 $884,340 $493,149
2017 $20,369 $1,350,480 $867,000 $483,480
2016 $18,817 $1,324,000 $850,000 $474,000
2015 $11,033 $677,543 $356,764 $320,779
2014 $10,625 $664,271 $349,776 $314,495
Source: Public Records

Agents Affiliated with this Home

  • Ethan Moeller

    Seller's Agent in 2024

    Ethan Moeller

    Coldwell Banker Realty

    (415) 326-6341

    10 in this area

    95 Total Sales

    Ethan Moeller
    Section Image
  • Joshua Deitch

    Seller Co-Listing Agent in 2024

    Joshua Deitch

    Coldwell Banker Realty

    (415) 572-5433

    10 in this area

    207 Total Sales

    Joshua Deitch
    Section Image
  • Aviva Kamler

    Buyer's Agent in 2024

    Aviva Kamler

    Sotheby's International Realty

    (415) 929-1500

    1 in this area

    32 Total Sales

    Aviva Kamler
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324047158

Bay Area Real Estate Information Services (BAREIS)

APN: 049-046-11

California Marin County Mill Valley 94941 Tamalpais Valley

503 Palma Way, Mill Valley, CA

This home is located at 503 Palma Way, Mill Valley, CA 94941 since 15 June 2024 and is currently estimated at $1,893,425, approximately $1,026 per square foot. This property was built in 1967. 503 Palma Way is a home located in Marin County with nearby schools including Mill Valley Middle School, Tamalpais High School, and Marin Horizon School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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