0 Porter Road, Ellington, CT, 06029 | $200,000

2 different parcels directly across the road from each other. This parcel is 3. 01 acres. Would prefer it to be sold with 2. 64 ac parcel listed for $240, 000. The parcels have been held since 1980 with the intent of the owner building a home on it. One of the biggest hurdles back then was a mile long section of undeveloped road up to the properties. This section is now just an 1/8 of a mile of dirt road with newly (2024) developed houses abutting the property. Both parcels border the Shenipsit Forest on 2-3 sides, its great for someone who wants to be outdoors. You can hike trails throughout the forest right from the property. There is no privately held undeveloped land adjacent to these properties that could be sold for development, so you will be permanently on the top of the hill in a position which is the furthest back into the park. Both parcels are very flat, perfect plots for building on which is why they were selected in the 80's. Most of the other houses on porter rd have sloped yards. You can possibly see Hartford off in the distance from some areas where trees don't block the view. There is a gate and the end of Porter Road put in to stop off road vehicles accessing the state forest via access from Porter Rd. This gate can be removed and relocated when the time is right. The current owners were going to develop the land in the 80's and did the perc and drainage tests showing it was buildable. Would prefer to sell both parcels at the same time. Ellington M: 143 B: 010 L: 000Porter Rd in Ellington CT Ellington M: 143 B: 011 L: 000Porter Rd in Ellington CT

Features

  • Zoning: RAR
  • Frontage: Unimproved Road
  • Lot Desc: Additional Land Avail.,Treed,Level Lot,Open Lot
  • Elem. School: Center
  • High School: Ellington
  • MLS#: 24089936
  • Website: https://www.raveis.com
    /prop/24089936/0porterroad_ellington_ct?source=qrflyer
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0 Porter Road, Ellington, CT, 06029

$200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $160,000 $160,000 $160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.292% 5.609%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $908 $972 $1,297
Total Monthly Payment $983 $1,047 $1,372

* 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.