26 Ardor Drive new Save Request In-Person Tour Request Virtual Tour
Orinda,CA 94563
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $425
MLS Listing ID CL25563537
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1973
Lot Size 0.543 Acres
Acres 0.543
Property Sub-Type Single Family Residence
Property Description
Buy this home traditionally for $1,701,000 or with just 2% down vs $359,800 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 around $6,620 /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 around $4,940 monthly payment (7.65% APR). Terms vary based on program eligibility.
Location
State CA
County Contra Costa
Interior
Heating Central
Cooling Ceiling Fan(s)
Flooring Tile,Carpet
Fireplaces Type Family Room
Fireplace Yes
Window Features Double Pane Windows
Appliance Dishwasher,Gas Range,Microwave
Laundry Dryer,Washer
Exterior
Exterior Feature Back Yard,Other
Garage Spaces 2.0
Pool None
View Y/N true
View Trees/Woods
Total Parking Spaces 2
Private Pool false
Building
Lot Description Back Yard
Architectural Style Contemporary
Level or Stories Three or More Stories
New Construction No
Others
Tax ID 2702800356
Virtual Tour https://www.zillow.com/view-imx/b3d2622c-290f-4099-b9d4-3b2fdb2e0146?wl=true&setAttribution=mls&initialViewType=pano