$2,100,000
For Sale

26 Ardor Drive

Orinda, CA 94563
4000 sqft | 5 beds | 3 baths | 0.54 acres | #25563537
Listing OfficeArrivva,Inc.
Browse 132 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Two homes in one, live in one, rent the other! 4K sq ft of flex space, essentially functioning as a duplex with separate entrances. Will be delivered vacant, this multi-level space it's ideal for multi-generational living or those looking for a gargantuan amount of square footage for a great price. Think- home office with accommodations. 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.And here is a creative way to buy this home traditionally for $1,550,000 or with just 2% down vs $310,000 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. Estimated initial ground rent is around $6,620 /month, and increases annually with CPI. Buyout price based on greater initial investment and property's 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.

  • Property Details
      • InteriorCeilingFans, SeparateFormalDiningRoom, EatInKitchen
      • Property SubtypeSingleFamilyResidence
      • Lot DescriptionBackYard, Yard
      • CountyContra Costa
      • ViewTreesWoods
      • Original List Price$1,799,000
      • Property TypePurchase
      • MLS #25563537
      • MLS #25563537
      • Cost2100000
      • Acres0.543
      • Square Feet4000
      • Year Built1973
      • Bedrooms5
      • Bathrooms3
      • Full Baths3
      • Stories3
      • Parking Spaces2

Location

Gina MogaReal Estate Group
OR

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