AUG 22ND 2024, 17 CAMELLIA CIR.
1 BD/ 1 BTH TOWNHOME
$275,000
Sale Price: $275,000
A inviting 900 square foot, one-bedroom/one-bathroom Below Market Rate (BMR) townhome in the Rose Lane Terraces has become available to households 55 years of age or older with income up to 80% of the Area Median Income (AMI). This wonderfully located unit features an attached garage, in-unit laundry, a beautiful kitchen with an island overlooking the living room, easy access pathways to dining, shopping, and more. HOA dues are $520.44/month.
Marin Housing’s BMR Homeownership Program offers low to moderate income, first-time homebuyers the opportunity to purchase one of 329 BMR homes throughout Marin County at prices that are substantially below the market value. Resale Restrictions are recorded on title to ensure the property’s continued affordability and stipulate the requirements of BMR ownership.
When a BMR becomes available, a lottery is drawn from among names of eligible households who’ve applied and are actively enrolled in the BMR Lottery Pool the day prior to the drawing.
The lottery drawing is for this BMR is scheduled for Aug 22nd, 2024, and the top 10 winners will be promptly notified and asked to provide a mortgage preapproval letter at that time.
| Household Size | 80% AMI |
|---|---|
| 1 | $104,500 |
| 2 | $119,400 |
| 3 | $134,350 |
| 4 | $149,300 |
EMAIL MARIN HOUSING STAFF OR VISIT OUR WEBSITE FOR INFO
BMR@MARINHOUSING.ORG
