P.S. My unit is NOT a co-op and my HOAs are much less than $450 a month.
No doubt there are good values for a certain buyer.
Several condos, currently active, on Donahue St. have excellent views of Richardson Bay, boats and houseboats - very colorful. However they also have loud road noise if you go outside. I recommend that you use the trailing website, mine, to view all current listings. Use maps.google.com to obtain a map of the area, especially the terrain map, so that you can begin to understand the differences between these two areas with Marin City. Consider houseboats, you may find them an interesting alternative.
Prices are lower that nearby areas, both going in and coming out. Appreciation will depend on initial quality and specific location.
RSVP if I can help identify and characterize neighborhood options in South or Central Marin.
In order to best answer that question, I have a few questions...Why are you moving to the Bay Area? Where would you be working? Is it just you or do you have kids? What are you looking for in terms of a community? Prices in Marin City, as with any areas of the Bay Area reflect desirability. I live in Marin, and have lived in the Bay area for nearly 40 years. I would be happy to answer your many questions. Please email or call me if you like. Good luck to you...
The housing stock is for the most part condos and townhouses. The area is divided into two main areas; the highlands where the prices tend to be higher and the flats located near the local Mall.
As for the basic history of Marin City, it started out as WWll housing for many of the people who came from the south to work in the Sausalito ship building yards. The govt. established work place housing and for decades little had changed until builders started in the 70's constructing apartments in the hills over looking Richardson bay and Mt. Tam. The views from the heights were and are spectacular, however the stigma of the wartime housing area has persisted in keeping prices relatively low compared to the rest of Southern and Central Marin. Value and convenience is the name of the game for Marin City - 5-10 minutes outside of San Francisco. Great for ivestment rentals as well especially as prices keep softening in the market but that will stop pretty soon too.
If you would like some stats on the area including $/sqft I would be happy to provide you with the info you need to make a informed decision. Please follow the links to my website and drop me an email.
All the best in your home search!
The couple of lower priced condos that are in Marin City are both Co-Ops wiht high monthly HOA ($450, $495 respectively
Both units are CO-Op which is a bit of different ownership than owning a regular house or town home -
Co-Op in general has pretty strict rules and can be more difficult in obtaining financing and there are just a few lenders that will do co-ops because you don't get a regular mortgage, you get a shar loan to purchase a share (unit) of a co-op), Sometimes Co-Ops are development to provide affordable housing and some of Marin City's Co-Op are no exception.