153 Wallingford RoadDurhamConnecticutUSA06422
The Single Family House for Sale located at 153 Wallingford Road Durham Connecticut 06422 with 15 bedrooms, 8 bathrooms is currently for Sale, 153 Wallingford Road Durham Connecticut 06422 is listed for $2,800,000. If the property located at 153 Wallingford Road Durham Connecticut 06422 isn't what you're looking for, search Connecticut Real Estate to see other Homes for Sale in Durham .
MLS ID : 24045388
$2,800,000 USD
- Type
- Single Family
- Bedrooms
- 15
- Bathrooms
- 8
- Home/Lot size
- 987m² (10,623ft²)
Description
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.
Location
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