
Belmont, California 94002
This BMR Condominium is a Strong Value Opportunity, listed at $651,002—positioned well below the $706,898 Fair Market Value by 7%. This valuation gap offers $55,896 in Instant Equity for qualified buyers. Featuring an Excellent Condition Rating with a remodeled kitchen, new thermal windows, and a private deck, this top-floor unit is move-in ready. Located near top-rated schools like Carlmont High (9/10), this home is an ideal fit for first-time buyers or owner-occupants meeting City of Belmont BMR income requirements.
Property is new construction or fully renovated.
Although built in 1992, the property has undergone extensive recent renovations including a fully remodeled kitchen with quartz-style countertops and stainless appliances, updated bathrooms with modern tile and finishes, new thermal windows (2022), and updated hardwood flooring and recessed lighting throughout.
Middle School: Ralston Intermediate School (9/10). High School: Carlmont High School (9/10).
The unit boasts extensive renovations including a remodeled kitchen with quartz countertops, updated bathrooms, and new thermal windows, offering a move-in-ready experience.
As a top-floor end unit with vaulted ceilings and abundant natural light, the property offers enhanced privacy and a more spacious atmosphere than standard units.
The sale is subject to strict City of Belmont BMR guidelines, including specific income caps and a minimum household size, which significantly limits the buyer pool.
Future appreciation is capped by BMR resale restrictions, and the property cannot be used as a rental or investment, limiting long-term financial flexibility.
**BELOW MARKET RATE (BMR) HOMEOWNERSHIP OPPORTUNITY.** Maximum purchase price is $651,002 and cannot be bid higher. Buyers must qualify through the City of Belmont's BMR program and may not exceed the applicable household income limit. For example, the maximum income for a household of 3 is $216,850. A minimum household size of 2 is required. This home must be owner occupied and may not be purchased as a rental or investment property. Future resale is subject to City of Belmont BMR restrictions. Top-floor end unit with vaulted ceilings, abundant natural light and extensive updates throughout. The remodeled kitchen features newer cabinetry, quartz-style countertops and stainless steel appliances, while both baths have been updated with tiled showers and modern finishes. Hardwood flooring, recessed lighting and ceiling fans run throughout, with additional improvements including new thermal windows in 2022, updated balcony decking and a newer in-unit stacked washer and dryer. The spacious primary suite offers two closets, dual sinks and a soaking tub. A private one-car garage plus an additional assigned parking space provide parking for two cars. Conveniently located near Belmont's shops, restaurants, Caltrain and major commute routes.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades K-5 • 2.5 mi
Grades K-6 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,054 | 876 |
| Lot Size | - | 72,162 |
| Price | $651.0K | $922.5K |
| Price per sq ft | $618 | $791 |
| Built year | 1992 | 2019 |
| HOA | $500.0 | $540 |
| Days on market | 25 | 73 |
Aug 15, 2026
$651,002
Initial Listing
May 7, 2004
$426,500
Public Record
May 5, 1999
$191,500
Public Record