137 Leetes Island Road, Branford (Stony Creek), CT, 06405 | $3,000,000

Imagine the possibilities! Just under 60 acres of pristine land situated less than 2 miles from the artistic village of Stony Creek in Branford, Connecticut; offering a range of terrains perfect for numerous adventures. Imagine, a Farm to Table Restaurant, a Farmer's Market, a place to farm a variety of vegetables and fruits and maybe, a B&B situated in the 1855 Greek Revival Farmhouse? Or, maybe a vineyard that appreciates the organic soils? Today, the property is home to a true legend in the iconic "Lakso Farm" a. k. a. "The Old Stone Barn Farm of Stony Creek". Frozen in time and weathered, the iconic farmhouse and old stone barn stand like beacons for those making their way back to the shoreline and Thimble Islands after a long week in the city. The farmhouse itself is rich in history. Purchased in 1925 by a talented stone mason by trade and his wife, the fabulous Leetes Island Road location, just off of Interstate 95 at Exit 56, still provides a perfect quick on and off for residents and visitors on their way home or to visit the scenic shoreline. The land was bestowed the prestigious A. V. A. Designation; designating it as a Viticultural Area with soils second only to the Connecticut River Valley and well suited for a Shoreline Vineyard. The "farm" is composed of four parcels, at just under 60 acres. The largest of the four parcels, directly across from the farmhouse and stone barn, totals 34. 3 acres. The farmhouse is, on the opposite side of Leetes Island Road is situated on 5. 8 acres and encompasses the farmhouse, a stone barn, a milk house, the farm stand, and other structures. Almost 20 acres of spectacularly textured land is situated across Red Hill Road.

Features

  • Town: Branford
  • Zoning: R-4
  • Frontage: State Road,Municipal Street
  • Lot Desc: Some Wetlands,Farm Land,Lightly Wooded,Level Lot
  • Elem. School: Mary R. Tisko
  • Middle School: Per Board of Ed
  • High School: Branford
  • MLS#: 24058886
  • Website: https://www.raveis.com
    /prop/24058886/137leetesislandroad_branford_ct?source=qrflyer
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Listing courtesy of Compass Connecticut, LLC

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137 Leetes Island Road, Branford (Stony Creek), CT, 06405

$3,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

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 $2,400,000 $2,400,000 $2,400,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,006 $15,170 $20,253
Total Monthly Payment $14,131 $15,295 $20,378

* 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.