JANUARY 22ND, 2026

31 Lovell Avenue, Mill Valley, CA 94941

1 BD/ 1 BTH CONDOMINIUM

$384,400

Patio with planters, pergola, and building. Sunny day with textured pavers.
Modern kitchen with dark cabinets, white countertops, and a breakfast bar, under a light-filled ceiling.
Kitchen with brown cabinets, white appliances, and a window.
Kitchen with white appliances, dark brown cabinets, and light countertops.
Empty room with beige walls and carpet, a sliding glass door, and outdoor view.
Empty bedroom with sliding glass door to a balcony, beige carpet, white walls, two sconces.
Empty room with sliding glass door, two sconces, and doorway; neutral colors.
Empty bedroom with beige carpet, closet, and bathroom door open.
Accessible bathroom with shower, sink, grab bars. White walls, silver fixtures.
Exterior view of a wheelchair lift with open door, situated beside a building's entrance.
Wooden deck with a brown slatted fence, next to a white wall and sliding glass doors.

Sale Price: $384,400

Gorgeous single story, 688 Square foot, one-bedroom/one-bathroom Below Market Rate (BMR) condo in Mill Valley has become available to households with a total annual income up to 120% of the Area Median Income (AMI). This unit is conveniently located within walking distance to downtown Mill Valley. This home is fully handicap accessible with a zero entry or curbless shower with grab rails throughout shower and bathroom. There is also an elevator right across from unit entry. The unit also features newer kitchen appliances and garage parking. HOA Fees are about $780 p/m.


Marin Housing’s BMR Homeownership Program offers low to moderate-income, first-time homebuyers the opportunity to purchase one of approximately 320 BMR homes throughout Marin County at prices substantially below market value. Resale Restrictions are recorded on title to ensure the property’s continued affordability and stipulate program requirements.


How This Lottery Works


1. Identify a real estate agent to represent you in the homebuying process. 

2. Your agent submits your complete Offer Package; including:


  • Completed and signed Marin Housing BMR application
  • First-Time Homebuyer Certificate from a HUD certified counseling agency
  • A lender’s prequalification letter from a qualified BMR lender. https://www.marinhousing.org/bmr-participating-lenders   
  • Signed RRA disclosure document.


3. Marin Housing will conduct a randomized lottery on January 22nd, 2026, to determine ranking of completed applications.

4. Eligible applicants will be invited into a purchase agreement in lottery ranking order.


Submission Instructions



Requirements & Restrictions


  • Owner-occupancy required as your primary residence.
  • Renting or subletting is prohibited.
  • Resale prices are restricted.
  • Must meet first time homebuyer criteria and 120% AMI income limits.


Timeline & Next Steps


Application Deadline: January 21st, 2026, at 11:59pm

Lottery Date: January 22nd, 2026


The top 3–5 applicants will be notified within 1–2 business days and must be prepared to provide income and asset verification documents, and to advance in the purchase process.  This includes providing an updated mortgage preapproval if needed.

Household Size 120% AMI
1 $156,700
2 $179,150
3 $201,550
4 $223,900

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

WWW.MARINHOUSING.ORG/BELOW-MARKET-RATE-PROGRAM

Access Online Application or Download Application Here Below Market Rate (BMR) Lottery Drawings