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Presented by
Kiara Rusconi |
SPECTACULAR 353 ACRES WITH 25-ACRE LAKE! Unparalleled opportunity to own one of the largest remaining private land masses in the Northeast corner of CT! A stunning verdant expanse inclusive of 3 CONTIGUOUS PARCELS adjacent to vast forests, neighboring extensive trail systems, its own serene reflection lake, & easy access from 2 paved town roads. Emerald woods envelop a rich tapestry brimming w/wildlife & offering a canvas of potential. Perfect for the discerning visionary wishing to capture the essence of Mother Nature's beauty combined w/the opportunity for development. Boundless potential as a custom estate, recreational retreat, country compound, equestrian property, campground, community destination w/resident lake rights, or simply to play a part in the state's conservation efforts. This land promises to be a sanctuary for those passionate about nature & is a sound investment for the future. Surrounding community retains rural charm, yet modern conveniences & essential services are accessible within a short driving radius. Approx. 30 minutes to UConn, Hartford, & Springfield & only 90 minutes to Boston. New electrical service just installed. Previously used as public town rec. site. Old pavilion buildings remain in place, once w/running water & bathroom facilities. Current info on well & septic systems is unknown. Dam in lake requires DEEP conformance & periodic inspections. Land is potentially subdividable. Road frontage on Diamond Ledge Rd. & Crow Hill Rd. Sale inclusive of 3 parcels (see attached property town cards): PARCEL ID #23/059: 331. 88 acres, Assessment $132, 350, Annual Tax $5, 107. 40; PARCEL ID #00038801: 16 acres, Assessment $71, 120, Annual Tax $2, 744. 52; PARCEL ID #13/004: 5. 09 acres, Assessment $1, 400, Annual Tax $54. 03. Utility and zoning options should be independently confirmed through appropriate municipal channels based on intended development plans. Portion of the property in PA490. Property sold 'As Is, Where Is'. Showings by private appointment only. Do not enter property without permission.
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$1,750,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.573.3382
Kiara.Rusconi@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,949 | $8,620 | $11,814 |
| Total Monthly Payment | $8,074 | $8,745 | $11,939 |
* 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.