tomo logo

$2,800,000

Beds
15
Baths
7.5
sq ft
10,623

153 Wallingford Rd, Durham, CT 06422

153 Wallingford Rd

Durham, CT 06422

  • 103 days on market
This unique farm complex is comprised of an equestrian area for 40 horses +, 5 residential houses and more. It has been in operation for over 100 years and is ready for new multi-generation owners to take the reins or for a progressive investor. There is nearly 280 acres of outstanding land, a pond, pastureland, rolling hills, stalls for 40+ horses and much more. There is, also, an outstanding mix of 5 houses that have 22 bedrooms for the families to share. The current owners are using 2 houses and renting 3 other homes. The investor may generate rental income from the farm's 5 residential homes and 1. a Two story 35x50 horse barn, 2.a 35x80 stable with 1.5 story horse stalls. 3 a Barn with double row stalls, 4. a 4-bay garage, etc.. These items may also be considered depreciable property (see your tax advisor). Other sources of income from the farm would include leases for pasture land and equestrian rental of the stable & indoor/outdoor riding, which is currently leased). Potential income may come from establishing a farm stand, growing grapes/ winery, Christmas tree sales, blue berries, and more The State of Connecticut Conservation Restriction requires this property to be 'agriculture in nature' according to development rights the state acquired approximately 70 years ago.

Details

Property type

Single Family Residence

Lot size

278.55 acres

Price per sq ft

$264

Year built

1820

Annual property taxes

$33,077

Price History

09/10/2024
SmartMLS

SmartMLS #24045388

Listed
$2,800,000

Schools & Community

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Coginchaug Regional

Community features: 

Golf

Status: Active

Tomo last checked: 12/22/2024 at 7:25 PM

Listing updated: 12/18/2024 at 12:00 PM

Listed by: Gary Dobratz, Century 21 AllPoints Realty Phone #: (203) 213-9097

MLS: SmartMLS #24045388

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