$0 Down 10-year Sale Leaseback Agreement

[Paul Burrowes]

Located on the Central California Coast 35 miles to San Jose International Airport & Silicon Valley – 3 Blocks to the Beach

This lovely home was purchased by the owners as a new build in 1991 and is located on a beautiful and quiet cul-de-sac within walking distance of Capitola Beach and the Pacific Ocean. The owners love the property and raised a family in the home and desire to stay in the home, but have use of their capital. They would like to lease the home back for 10 years with 2+ year renewable options.

They are willing to offer a significant discount off the current market value of the home and are willing to provide significant and immediate equity in return for a long term lease. Great location, stroll to the beach & Capitola Village shops and restaurants. Sought after location in Upper Village behind Gayle’s bakery. Quiet neighborhood cul-de-sac not impacted by tourists and special events of the lower village.

This is a large beautiful 3 bedrooms, 2.5 bath well maintained home built in 1990. The kitchen has been upgraded to include a Sub-Zero refrigerator and a Viking cooktop. The master suite includes a marble tiled bathroom and shower. The property has an installed security system, an automatic sprinkler system, paved patios, and a new hot water tank and software water system. There are three working fireplaces in the home.

Priced at $1,925,000