586 Middletown Road, Colchester, CT, 06415 | $695,000

Experience your own slice of paradise. This breathtaking 23. 9-acre retreat offers ultimate privacy and tranquility blending nature's finest elements with a one-of-a-kind antique barn. A rare find fusing tranquility with timeless elegance and endless potential for both adventure and entertainment. Surrounded by lush, serene beauty, unwind and escape the demands of everyday life. Enjoy nearly two miles of groomed trails perfect for relaxing walks, running and endurance racing, ATV or motorcycle rides, horses, and much more. A meandering stream, two captivating waterfalls, and a picturesque pond provide a peaceful backdrop for all your visions. The Black Horse barn has timeless charm and character, featuring original post & beam construction that dates back a century. Impeccable craftsmanship and attention to detail make this structure unrivaled and truly spectacular. The goal was to create a property that transcends time, blending seamlessly with its surroundings. Whether you dream of creating a "gentleman's farm, " establishing your own horse farm, planting vibrant gardens, or continuing the current owner's passion of a hideaway to escape to, the possibilities are endless. Seize this golden opportunity and grasp at the chance to be one with nature or entertain like no one else in this extraordinary haven. You may have a lot of friends now, but after your friends and family see this property, you will the go-to host for every event and the ultimate destination for all occasions. Property is sold 90% furnished (sellers' investment was around $100, 000). This is a Land listing. Currently there is no sewer (likely a septic) or water system (likely a well); however, it is believed both can be installed. Also, there is no kitchen (though there is a dry bar, refrigerator, microwave, and a "kitchenette" area), bedrooms (however, there are two rooms on the second floor that could possibly be bedrooms). BUYER TO CONDUCT THEIR OWN DUE DILIGENCE. Property also listed as Residential (24046354) and Commercial (24048955). Review them for alternative uses.

Features

  • Zoning: RU
  • Frontage: State Road
  • Lot Desc: Some Wetlands,Treed,Farm Land,Borders Open Space,Sloping Lot,Rolling
  • Water Front: Yes
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24046357
  • Buyer Broker Compensation: 2.50%
  • Website: https://www.raveis.com
    /raveis/24046357/586middletownroad_colchester_ct?source=qrflyer
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BodeauRealtyGroup@Raveis.com

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David LewisVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 49042

978.423.2254

David.Lewis@raveis.com

Our Executive Mortgage Banker:

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Our Insurance Division:

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203.925.4590

For homebuyers and sellers, our Attorney Network:

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    requirements, sets up escrows and title insurance, coordinates closing documents
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586 Middletown Road, Colchester, CT, 06415

$695,000

The Bodeau Team

Sales Associates

William Raveis Real Estate

Phone: 860.463.9296

BodeauRealtyGroup@Raveis.com

David Lewis

VP, Mortgage Banker

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** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,746 $3,695 $4,689
Total Monthly Payment $3,838 $3,787 $4,781

* 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.