MARCH 13TH, 2025 34 LADERMAN LN 1 BD/ 1 BTH CONDOMINIUM $288,500
Sale Price: $288,500
A lovely 746 square foot, one-bedroom/one-bathroom Below Market Rate (BMR) condo in Larkspur has become available to households with a total annual income up to 80% of the Area Median Income (AMI). This unit has an amazing location and being walking distance from the Larkspur Ferry and Bon Air Shopping Center. The unit includes a private garage with in-unit laundry, HVAC, updated kitchen and bathroom, and a living room with access to a shared patio. HOA dues are $855/month and include a pool and community space.
Marin Housing’s BMR Homeownership Program offers low to moderate income, first-time homebuyers the opportunity to purchase one of over 300 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 at 11:59pm March 12th 2025.
The lottery drawing is for this BMR is scheduled for March 13th, 2024, the top 3-5 winners will be promptly notified using the contact information provided in the application, and you will be asked to provide a mortgage preapproval letter at that time.
| Household Size | 80% AMI |
|---|---|
| 1 | $109,700 |
| 2 | $125,350 |
| 3 | $141,000 |
| 4 | $156,650 |
Downpayment Assistance may be available for Eligible Households earning below 80% AMI.
EMAIL MARIN HOUSING STAFF OR VISIT OUR WEBSITE FOR INFO BMR@MARINHOUSING.ORG
