26 Ardor Drive, Orinda, CA 94563
- 5 beds |
- 3 baths |
- 3,200 sqft
Single-Family Home
Built in 1973
0.54acre lot
2 car garage
$637/sqft
Listed 1 month ago
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.
- Listing Status:
- Active
- Date Added:
- May 8, 2025 at 05:00AM
- Listing Office:
- Arrivva, Inc. : 213-349-3301
- Listing Agent:
- Rene Perez : 650-420-3069
- MLS ID:
- ML82005995
- General: Family RoomFormal Dining Room
- Appliances: Dishwasher
- Flooring: LaminateWood
- A/C: Ceiling Fan(s)Other
- Heating: Forced Air
- Fireplace: Living RoomFireplaceFireplaces: 1
This listing courtesy of Rene Perez, Arrivva, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Glorietta Elementary School
15 Martha Rd, Orinda, CA, 94563
Grades KG-5
0.87 miles away
Orinda Intermediate School
80 Ivy Dr, Orinda, CA, 94563
Grades 6-8
0.82 miles away