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Listed by Rene Perez • Arrivva, Inc.
$2,037,000
Est. payment /mo
5 Beds
3 Baths
3,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
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
HOA Y/N No
Year Built 1973
Lot Size 0.543 Acres
Property Sub-Type Detached
Source Datashare MLSListings
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
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Other
Flooring Laminate, Wood
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher
Exterior
Garage Spaces 2.0
Private Pool false
Building
Story 3
Foundation Raised
Schools
School District Acalanes (925) 280-3900, Orinda (925) 254-4901
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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