New Listing - 09/09/2024
153 Wallingford Road, Durham, (Durham Center), CT, 06422
26 rooms
15 beds
7 Full / 1 Half baths
1820
Colonial
10,623 sqft
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.
Status:
Active
Town:
Durham
Type:
Single-family residential
Zoning:
FR
Heating:
Hot Air
Cooling:
None
Basement:
Full, Unfinished
Acreage:
278.55
Est. Taxes:
$33,077
Assessment
$926,530
Lot Description:
Sloping Lot
Waterfront:
Yes
Elementary School:
Per Board of Ed
High School:
Coginchaug Regional
Days on Market:
9
Appliances:
Oven/Range, Refrigerator
MLS #:
24045388
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Listing courtesy of Gary Dobratz, Century 21 AllPoints Realty Email: gdob106685@aol.com