1411 Casa Buena Drive #31, Corte Madera, CA 94925, Corte Madera, 94925 - 2 bed, 1 bath
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Corte Madera, CA 94925
Analysis of 1411 Casa Buena Drive #31, Corte Madera, CA 94925 is currently available with a list price of $366,100. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Corte Madera Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with recent cosmetic updates including new laminate flooring and fresh paint. However, it retains many original 1964 features such as popcorn ceilings, dated dark wood kitchen cabinetry, and laminate countertops in both the kitchen and bathroom. While the stainless steel appliances are a modern touch, the core kitchen and bathroom styles are outdated and do not meet the criteria for a 'good' or 'excellent' rating.
Situated in highly desirable Corte Madera, the property offers easy access to top-rated schools, premium shopping, dining, and outdoor recreation, making it an ideal spot for commuters and families.
Residents enjoy a vacation-like atmosphere with access to a community pool and a private covered patio, all within a well-maintained, single-level layout.
Priced significantly below market rate for Marin County, this condo represents a rare opportunity for qualified buyers to build equity in a high-barrier-to-entry real estate market.
As a Below Market Rate (BMR) unit, the property is subject to strict income limits and first-time homebuyer requirements, which narrows the pool of eligible purchasers and limits future resale flexibility.
The monthly HOA fee of $717 is substantial relative to the unit's size and purchase price, potentially straining the monthly debt-to-income ratio for budget-conscious buyers.
Charming 1 level Below Market Rate (BMR) condo at RESORT-STYLE Casa Buena. Feel like you are on vacation, at home. Two bedrooms and 1 bathroom, all on one level, with a cozy covered patio off your living room. 756 sq ft, nicely nestled near the pool and your designated, covered parking spot. This little gem is perfectly located to enjoy the many things Corte Madera has to offer--top-notch schools, shopping, dining, hiking, as well as an easy commute location. Per recorded deed restriction, buyer's gross annual income cannot exceed: $156,000/yr for 1-person household; $178,300/yr 2-pers; $200,550/yr 3-pers; $222,850/yr 4-pers. Must be owner-occupied by first-time buyers (or those who have not owned property within the last three years).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 756 | 997.5 | 25% |
| Lot Size | 758 | 1,677.17 | 25% |
| Price | $366.1K | $660.0K | 25% |
| Price per sq ft | $484 | $678 | 25% |
| Built year | 1964 | 1976 | 50% |
| HOA | $717 | $738 | 50% |
| Days on market | 87 | 181 | 25% |
Mar 18, 2026
$366,100
Initial Listing