159 Reid Ln, Richmond, CA 94801

$643,050
4
BD
3
BA
2,401
SqFt

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List Price
$643,050
Status
ACTIVE
MLS#
41153597
Property Type
Single Family Residence
Bedrooms
4
Bathrooms
3
Living Area
2,401
Lot Size
2,600
Region
Richmond-North & Wes
County
Contra Costa
Acres
0.06
Year Built
2006

Property Description

Spacious home offered through the "Bella Flora Below Market Rate" (BMR) Affordable Housing Program in Contra Costa County. This property is subject to strict income eligibility requirements, County approval, and a 45-year Resale Restriction Agreement. THIS IS A RESTRICTED BMR PROPERTY, NOT A TRADITIONAL MARKET-RATE SALE. Buyers must meet Contra Costa County's household income requirements and obtain County approval to purchase. Income from all household members age 18 and older will be considered, regardless of whether they are on title. BUYER MUST PURCHASE THE PROPERTY TO LIVE IN IT AS THEIR PRIMARY RESIDENCE. NO INVESTORS. The property is subject to a 45-year deed restriction, occupancy requirements, rental restrictions, and limitations on future resale prices. 2026 Household Income Limits: 1 person: $113,950; 2: $130,250; 3: $146,500; 4: $162,800; 5: $175,800; 6: $188,850; 7: $201,850; 8: $214,900. Property is being sold strictly AS-IS. Seller will not make repairs or pay for inspections or reports. Buyers must qualify under the County's affordable housing guidelines. Final eligibility is determined by Contra Costa County. Income limits and program requirements are subject to change.

Additional Information

Hoa Fee Includes
None
Living Area
2,401
Lot Size
2,600
Possession
Close Of Escrow
Region
Richmond-North & Wes
Roof
Composition, Shingle
Style
Contemporary
Subdivision
Richmond

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Listing courtesy of Genesis Real Estate.

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