153 Wallingford Rd, Durham, CT 06422

$2,800,000
15
BD
8
BA
10,623
SqFt

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List Price
$2,800,000
Status
ACTIVE
MLS#
24045388
Year Built
1820
Style
Colonial
Bedrooms
15
Bathrooms
8
Acres
278.55
Living Area
10,623
Neighborhood
Durham Center

Property Description

This unique farm complex is comprised of an equestrian area for 40 horses +, 5 residential houses and more. It has been in operation for over 100 years and is ready for new multi-generation owners to take the reins or for a progressive investor. There is nearly 280 acres of outstanding land, a pond, pastureland, rolling hills, stalls for 40+ horses and much more. There is, also, an outstanding mix of 5 houses that have 22 bedrooms for the families to share. The current owners are using 2 houses and renting 3 other homes. The investor may generate rental income from the farm's 5 residential homes and 1. a Two story 35x50 horse barn, 2.a 35x80 stable with 1.5 story horse stalls. 3 a Barn with double row stalls, 4. a 4-bay garage, etc.. These items may also be considered depreciable property (see your tax advisor). Other sources of income from the farm would include leases for pasture land and equestrian rental of the stable & indoor/outdoor riding, which is currently leased). Potential income may come from establishing a farm stand, growing grapes/ winery, Christmas tree sales, blue berries, and more The State of Connecticut Conservation Restriction requires this property to be 'agriculture in nature' according to development rights the state acquired approximately 70 years ago. both parcel MUST be sold together.

Additional Information

Taxes
$34,643
Lot Size
12,133,638
Heating
Hot Air
Cooling System Type
None
Sewer
Shared Septic
Water Source
Shared Well
Appliances
Range, Refrigerator
Fireplaces
1
Basement
Full, Unfinished
Exterior Features
Shed, Porch, Barn/Stable, Patio
Elementary School
Per Board of Ed
High School
Coginchaug Regional

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Calculator source: Real Geeks

Listing courtesy of Gary Dobratz from Century 21 AllPoints Realty. (203) 213-9097 (203) 265-1931

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