Buy this home with a down payment as low as $17,000 vs $338,000 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 payment on the full property value. You can buy the land at any time within 99 years. This renovated 4-bed, 2-bath home in San Jose sits on a rare half-acre lot and includes nearly $200,000 in upgrades. Highlights include vaulted ceilings, bamboo floors, a quartz fireplace, and a modern kitchen with a marble island, quartz countertops, and designer finishes. Both bathrooms feature quartz vanities and glass showers. The spacious primary suite offers dual closets, and a converted garage provides a private in-law suite. The backyard is ideal for entertaining, with lush landscaping, a gazebo, and a storage shed. Jubilee Details: The initial ground rent is approximately $7,000/month in Year 1, adjusted annually for inflation thereafter. If you decide to buy the land, the buyout price is based on the greater of our initial investment and the fair market value of the property. Terms vary based on loan approval and program eligibility.
Days on market: 37
Listing updated: May 24, 2025 - 12:27:05
Listed by: Thao Nguyen DRE #02092505 (408) 427-9220, Real Estate Experts - MLSListings
Source: MLSListings, MLS#: ML5012265 Originating MLS: CRMLS
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