26 Ardor DR Active

Orinda,CA 94563

$ 2037000

5 Beds

3 Baths

3200 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $636

MLS Listing ID ML82005995

Bedrooms 5

Full Baths 3

Year Built 1973

Lot Size 0.543 Acres

Property Sub-Type Single Family Home

Property Description

Buy this home traditionally for $2,076,000 or with just $27,000 down vs $414,000 through Jubilees Joint Purchase Program You purchase the house, Jubilee purchases the land and then leases it to you. Your total monthly cost (mortgage + ground rent) is comparable to a traditional mortgage, and you can buy the land at any time within 99 years. Two homes in one, live in one, rent the other! This spacious Orinda property offers over 3,900 sq ft of flexible living space, essentially functioning as a duplex with separate entrances. Currently rented (but can be delivered vacant) it's ideal for investors, multi-generational living, or those looking to offset their mortgage. The main level features a ground-floor suite for easy access, and the layout includes up to 7 bedrooms, 3.5 baths, multiple living areas, bonus rooms, and even a sauna. Permits for an additional ADU provide even more upside. Located minutes from downtown Orinda, shops, and freeway access. Estimated initial ground rent is $7,547 /month, and increases annually with CPI. Buyout price based on greater initial investment and propertys fair market value. Mortgage: Assumes 30-year FHA $755K mortgage with $4,940 monthly payment (7.65% APR). Terms vary based on program eligibility.

Location

State CA

County Contra Costa

Area Orinda

Zoning R

Rooms

Family Room Kitchen / Family Room Combo,Separate Family Room

Other Rooms Basement - Finished

Dining Room Dining Area in Family Room,Eat in Kitchen,Formal Dining Room

Kitchen Countertop - Granite,Dishwasher,Garbage Disposal,Oven - Gas,Oven Range - Gas

Interior

Heating Central Forced Air

Cooling Ceiling Fan,Other

Flooring Carpet,Laminate,Wood

Fireplaces Type Living Room

Laundry Electricity Hookup (220V),Washer / Dryer

Exterior

Parking Features On Street

Garage Spaces 2.0

Utilities Available Solar Panels - Leased

Roof Type Composition

Building

Story 3

Foundation Raised

Sewer Sewer Connected

Water Public

Others

Special Listing Condition Not Applicable

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