26 Ardor DR Active

Orinda,CA 94563

$ 1550000

5 Beds

3 Baths

4000 SqFt


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 $387

MLS Listing ID 25563537

Bedrooms 5

Full Baths 3

Construction Status Additions/Alterations,Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1973

Lot Size 0.543 Acres

Property Sub-Type Single Family Residence

Property 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.

Location

State CA

County Contra Costa

Area Berk - Berkeley

Interior

Interior Features Ceiling Fan(s),Separate/Formal Dining Room,Eat-in Kitchen

Heating Central

Flooring Carpet,Tile

Fireplaces Type Family Room

Furnishings Unfurnished

Fireplace Yes

Appliance Dishwasher,Gas Cooktop,Microwave,Oven,Dryer,Washer

Exterior

Parking Features Converted Garage

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Pool None

View Y/N Yes

View Trees/Woods

Porch Deck,Front Porch,Open,Patio,Wrap Around

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard,Yard

Story 3

Entry Level Three Or More,Multi/Split

Architectural Style Contemporary

Level or Stories Three Or More,Multi/Split

New Construction No

Construction Status Additions/Alterations,Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 2702800356

Security Features Carbon Monoxide Detector(s)

Financing Cash,Conventional,Cal Vet Loan,VA

Special Listing Condition Standard

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