Presented byThe Bodeau Team |
Incredible opportunity for development. The exceptional property is on RT 16 (Middletown Road) with an astronomical traffic count and outstanding visibility. The location could not be more ideal. Minutes off Exit 18 on RT2 and to Downtown Colchester. Thirty minutes to Hartford and I91 and I84, Norwich, the shoreline, I95 and I395, casinos, and so on. Breathtaking 23. 9-acres blends nature's finest elements with a truly exquisite, one-of-a-kind antique barn (The Black Horse Barn) featuring original post & beam construction that dates back a century. Impeccable craftsmanship and attention to detail make this structure unrivaled and truly spectacular. Imagine the endless business opportunities - Brewery, winery, membership clubs related to outdoor activities bed & breakfast, veterinary office or commercial kennel, farm and vegetable stand/store, a golf course, and much more. Buyer advised to conduct their due diligence for more details (Excerpt of zoning uses in Public Remarks. Zoning Regulations are attached). In addition to the building there is a detached garage for storage and nearly two miles of trails. BUYER TO CONDUCT THEIR OWN DUE DILIGENCE. THE FOLLOWING ARE EXCERPTS FROM THE ZONING REGULATIONS (WHICH ARE ATTACHMENTS): PERMITTED USES - The following uses are permitted in the RU District: Agricultural uses as permitted in Section 8. 9; Membership Clubs that relate to outdoor activities: Family Day care homes, as defined by CGS Section 19a-77(a)(3) and licensed pursuant to CGS Section 19a-87b, are permitted in all Single-Family. SPECIAL PERMIT USES - The following are eligible for Special Permit after consideration and approval from the Commission: Commercial Kennel: Bed and Breakfast; Golf course; Institutional and municipal land uses including public utilities; Day care/nursery schools in accordance with Section 8. 8. 9 of these Regulations and licensed by the State of Connecticut; Educational Institutions; Agricultural uses permitted by Special Permit pursuant to Section 8. 9.
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William Raveis Real Estate
Phone: 860.463.9296
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William Raveis Mortgage, LLC
Phone: 978.423.2254
David.Lewis@raveis.com
NMLS Mortgage Loan Originator ID 49042
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $246 | $246 | $246 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,699 | $3,695 | $4,689 |
Total Monthly Payment | $4,037 | $4,033 | $5,027 |
* 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.