MARCH 27TH, 2024 401 NORTH # 112 1 BD/ 1 BTH CONDOMINIUM $399,750
Sale Price: $399,750
A inviting 678 square foot, one-bedroom/one-bathroom Below Market Rate (BMR) condo in Northern San Rafael has become available to households with a total annual income up to 80% of the Area Median Income (AMI). This unit is in a great location just minutes away from the 101, a golf course, shopping, and other amenities. The unit also features in-unit laundry, a full kitchen with new appliances, and a living room with access to a private patio. HOA dues are $520/month.
Marin Housing’s BMR Homeownership Program offers low to moderate income, first-time homebuyers the opportunity to purchase one of 320 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 by 11:59PM of March 26th 2025.
The lottery drawing is for this BMR is scheduled for March 27th, 2024, and the top 3 to 5 winners will be promptly notified and 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
