60 Almond Court, San Rafael, CA 94903, San Rafael, 94903 - 2 bed, 3 bath
Loading property details...
60 Almond Court
San Rafael, CA 94903
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,236Sq Ft
575Lot Size
Property Price
LIST PRICE$449,999
EST. MARKET VALUE
$486,571
7% BelowMARKET VALUE
SUMMARY
This Below Market Rate (BMR) Condominium represents a Strong Value Opportunity, listed at $449,999—positioned well below the $486,571 Fair Market Value by 7%. This valuation gap provides $36,572 in Instant Equity for eligible buyers. Featuring a Mint Condition Rating with modern quartz countertops and Pergo flooring, this home offers a turnkey lifestyle near Terra Linda High School. While subject to strict occupancy and income restrictions, it serves as a stable, high-quality residence for first-time buyers and owner-occupants seeking long-term housing security.
Estimated Market Value
$486,571+$36,572 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Rafael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 60 Almond Court Subject 2 bd · 3 ba · 1,236 sqft · $394 | $449,999* List Price | 2 | 3 | 1,236 | $394 | - |
A 100 Thorndale Drive #125 Sold 2 bd · 2 ba · 1,030 sqft · $316 · 0.9 mi | $325,000 | 2 | 2 | 1,030 | $316 | 0.9 mi |
B 100 Thorndale Drive #311 Sold 2 bd · 2 ba · 1,060 sqft · $358 · 0.9 mi | $380,000 | 2 | 2 | 1,060 | $358 | 0.9 mi |
C 91 Almond Court Active Under Contract 2 bd · 3 ba · 1,236 sqft · $442 · 0.0 mi | $546,100 List Price | 2 | 3 | 1,236 | $442 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2005, the property has undergone a recent high-quality renovation including modern quartz countertops, a stylish backsplash, stainless steel appliances, and updated Pergo flooring. The unit is in mint, move-in-ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Dual-Ensuite Layout
The property features a highly functional floor plan where both bedrooms include private ensuite bathrooms and walk-in closets, complemented by updated quartz countertops and Pergo flooring.
- Exceptional Affordability
Priced significantly below market rate for San Rafael, this condo offers a rare entry-level homeownership opportunity for qualifying households in the high-demand Marin County area.
- Convenient Amenities
The unit includes desirable practical features such as an attached tandem 2-car garage, in-unit laundry, and close proximity to Ranchitos Park recreational facilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =575, other record lot size in square feet = 772.
- Strict Ownership Restrictions
As a BMR unit, the property is subject to rigid income caps, owner-occupancy requirements, and a total prohibition on renting or subletting, limiting buyer flexibility.
- Limited Equity Potential
Deed-restricted resale price caps prevent the owner from realizing full market-rate appreciation, making it a better option for housing stability than for traditional investment growth.
About 60 Almond Court
An inviting Below Market Rate (BMR) condo is now available to qualifying households with annual household incomes of up to $134,500 for 2-person households, $151,300 for 3-person households, and $168,100 for 4-person households. This beautifully updated home features attractive Pergo flooring, quartz kitchen countertops, and a coordinating backsplash. Both bedrooms offer ensuite bathrooms and walk-in closets, providing comfort and privacy. Additional highlights include in-unit laundry, an attached tandem 2-car garage, and a spacious living and dining area with access to a private porch. Enjoy the nearby Ranchitos Park, featuring a playground, grassy recreational area and a basketball court. BMR Program Restrictions: Owner-occupancy required; renting or subletting prohibited; resale price restrictions apply. Sale is subject to recorded deed restrictions and program eligibility requirements. Offer Deadline: Interested buyers must submit a complete offer package by October 28, 2026, at 5:00 PM.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 575 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $522 / Month
Neighborhood Insights
San Rafael Unified Schools
Venetia Valley Elementary School
Grades K-8 • 0.8 mi
4/10
James B. Davidson Middle School
Grades 6-8 • 2.0 mi
5/10
Terra Linda High School
Grades 9-12 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,236 | 1,062.542 |
| Lot Size | 575 | 1,573.542 |
| Price | $450.0K | $577.5K |
| Price per sq ft | $364 | $482 |
| Built year | 2005 | 1978 |
| HOA | $522 | $1.1K |
| Days on market | 9 | 65 |
Pricing History
Listed for Sale
Oct 15, 2026
$449,999
Initial Listing
Sold
Nov 22, 2005
$224,000
Public Record