This stunning 1775 Colonial home, set on 153 picturesque acres in scenic Scotland, Connecticut, gives a unique opportunity for those who appreciate the charm of farm life. Currently utilized for hay production, beef cattle, and horses, the property boasts an estimated 70 percent of its land dedicated to fields, with the remainder covered in beautiful woodlands. The mostly level fields are complemented by a serene, forested backdrop, creating a tranquil and idyllic setting reminiscent of the late 18th century. The property features several barns, including one equipped with a water supply and a concrete pad for storing hay bales-ideal for any agricultural pursuits. Inside, the home showcases four inviting fireplaces and four spacious bedrooms. While currently configured as a two-family residence, it can be reverted back to a single-family home with the necessary town and state approvals, offering flexibility for its new owners. Please note that the building and hunting rights have been sold to the State of Connecticut; however, buyers have the option to repurchase the hunting rights if desired. If you're dreaming of a life on the farm, embracing the tranquility and beauty of rural living, this property is the perfect setting for your vision. Don't miss the chance to own a piece of history and create your own slice of paradise! The original stone fireplace is in the living room and is useable, it was framed over to insulate.
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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 | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $820 | $820 | $820 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,224 | $5,740 | $7,701 |
Total Monthly Payment | $6,169 | $6,685 | $8,646 |
* 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.