Formerly operating as a dairy farm that supported a herd of 250, this property boasts 110 acres of river bottom land. Currently, it yields 80 acres of corn, 40 acres of quality hay grass, and an additional 40 acres of pasture along with essential infrastructure. The property is equipped with a 260x60-foot free-stall barn featuring a double-10 milking parlor, a 48x150-foot bedded pack barn, a 30x80-foot bedded pack barn, a 30x100-foot Super Structure Barn, and an open feeding area on concrete. Additionally, there are facilities like a commodity shed, machine shed, workshop, sizable gravity manure pit, large feed bunk, and various other structures for equipment and animals. While it functioned as a dairy farm until 2023, it has the potential to be transformed into an equestrian center with an indoor arena. The farmhouse, recently renovated and situated on 3. 5 acres, offers modern amenities, high ceilings, ample natural light, a mudroom, a laundry room, and the possibility of an in-law apartment. Another house site on the property is equipped with power, sewer, and water access. There is a 3-stall horse barn with a tack room, poured concrete and rubber-matted flooring, water, electricity, a 12x12-foot run-in shed, and a round bale hay feeder. The owner is flexible and open to various options for selling the property, including selling the house and farm separately or selling the land separately. Owner financing is also a possible consideration. Some of the land is in Land Trust
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $375 | $375 | $375 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,003 | $7,585 | $10,126 |
Total Monthly Payment | $7,503 | $8,085 | $10,626 |
* 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.