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Presented by
The Bodeau Team |
586 Middletown Road, Colchester, CT, 06415 | $695,000
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.
Features
- Current Use: Personal Use
- Permitted Use: See Description
- Utilities: Electric,Phone Available,Cable Available
- Garage: Driveway,Unpaved
- Parking: 20-car
- Heating: Wood/Coal Stove
- Cooling: None
- Units: 1
- Zoning: RU
- Frontage: State Road
- Year Built: 2018
- Approx Sq. Feet: 1,800
- Acreage: 23.9
- Est. Taxes: $2,950
- Lot Desc: Some Wetlands,Farm Land,Treed,Sloping Lot
- MLS#: 24048955
- Buyer Broker Compensation: 2.50%
- Website: https://www.raveis.com
/raveis/24048955/586middletownroad_colchester_ct?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
The Bodeau TeamSales Associates
860.463.9296
BodeauRealtyGroup@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Heidi SummaRegional SVP Insurance Sales, William Raveis Insurance
860.919.8074
Heidi.Summa@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
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 | $246 | $246 | $246 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,746 | $3,695 | $4,689 |
| Total Monthly Payment | $4,084 | $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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524