SEPTEMBER 4TH, 2025 51 LADERMAN LN 1 BD/ 1 BTH CONDOMINIUM $371,800

Green townhome with white garage doors, a large arched window, and a circular window under a blue sky.
Small kitchen with tan cabinets, stainless steel appliances, granite counters, and a window above the sink.
Kitchen with stainless steel oven, light wood cabinets, granite countertops, and a stainless steel range hood.
Kitchen with light-colored cabinets, granite countertops, stainless steel appliances, and a window.
Bathroom with glass shower, vanity, toilet, and mirror. Neutral color scheme.
Bathroom with toilet, vanity, and shower/tub combo; light beige walls and wood-look floor.
Empty bedroom with sliding glass door leading to a deck with trees. Beige walls, carpet, and ceiling fan.
Empty room with two windows, beige walls, and a ceiling fan. A hanging light is present as well.
Living room with white walls, stained carpet, and a view of the kitchen.
Empty bedroom with gray carpet, white walls, closet, door to hallway, and ceiling fan.
Bedroom with two closet doors, arched window, ceiling fan, beige carpet, and radiator.
Empty garage with shelves, white door, and concrete floor.

Sale Price: $371,800

Cozy single story, 746 Square foot, one-bedroom/one-bathroom Below Market Rate (BMR) condo in Greenbrae 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 the Bon Air shopping center and the Ferry Terminal. The home located in the Cape Marin Condo Complex features a community pool & clubhouse, pond and greenbelt walking paths along Corte Madera Creek. Home has an update  bathroom and a one car garage! HOA Fees are $847 p/m.


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 September 3rd, 2025. Application instructions are available here: www.MarinHousing.org/below-market-rate-program.


The lottery drawing is for this BMR is scheduled for September 4th, 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

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

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