JULY 31ST, 2025 53 LADERMAN LN 2 BD/ 2 BTH CONDOMINIUM $431,200
Sale Price: $431,200
Beautifully maintained 1,031 square foot, two-bedroom/two-bathroom Below Market Rate (BMR) condo in Larkspur has become available to households with a total annual income up to 120% of the Area Median Income (AMI). This unit has an amazing location being walking distance from the Larkspur Ferry and Bon Air Shopping Center. The unit includes a private garage with in-unit laundry, a full kitchen with quality appliances, and a living room with access to a small patio. HOA dues are about $847/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 July 30th 2025. Application instructions are available here: www.MarinHousing.org/below-market-rate-program.
The lottery drawing is for this BMR is scheduled for July 31st, 2025, and the top 3 to 5 winners will be promptly notified and asked to provide a mortgage preapproval letter at that time.
| 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
