Land and Home Package in Ellington, CT Discover a rare opportunity to own a sprawling estate in the picturesque town of Ellington. This unique package includes two parcels: a 20-acre parcel and a custom built ranch home on an abutting 4. 47-acre lot (MLS#24045210), making it a total of 24. 47 acres. Both parcels are being sold together. Located centrally in Ellington, this 20-acre parcel is ideal for those seeking space and privacy, while still being just 30 minutes from Hartford. The property offers endless possibilities, whether you're looking to create a private estate, raise livestock, or crop production. With significant road frontage 860. 74' with both parcels there is also the potential for subdivision or building a larger main residence. A detailed survey is available upon request. The agent has prior concept plan and prior perk test information. This combined package offers a rare combination of open land, modern amenities, and income potential in a peaceful, country setting. Located on a quiet, scenic road near Route 140, it's ideal for those seeking privacy, space, and the flexibility to build their dream estate. Built in 2017, the ranch-style home is nestled on a 4. 47-acre lot and offers modern amenities with a cozy, country feel. Enjoy mornings on the paver patio, overlooking your expansive 24 acres of land. The open-concept living space is flooded with natural light and features hardwood floors throughout the living room and kitchen. The kitchen includes a large island, stainless steel appliances, granite countertops, and a charming cast iron farmhouse sink. The lower level adds an additional 736 square feet of finished space, perfect for an office, gym, or flex space, along with a laundry area. The highlight of this property is the attached 1, 872-square-foot three-car garage/shop, an auto enthusiast's dream, featuring 52 feet of length, 36 feet of width, open span, 12- foot-wide doors, and 10-foot-high ceilings. The garage is set up for propane heat and even includes a half bath. Investment Potential and Flexibility This ranch home could easily serve as an accessory dwelling unit (ADU), providing the opportunity for an income-producing rental, guest house, or in-law suite. With the expansive 20 acres of land, there is ample space to build a larger primary residence on the 4. 47 acre parvel or on the 20 acres. This combined package presents a rare combination of open land, modern amenities, and income potential in a peaceful, country setting. Located on a quiet, scenic road near Route 140, it's ideal for those seeking privacy, space, and the flexibility to build their dream estate. See MLS 42 Crane for detailed house and garage photos.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,758 | $4,141 | $5,766 |
Total Monthly Payment | $3,850 | $4,233 | $5,858 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.