Property Summary
153 Wallingford, Durham, CT
is a Colonial residence located in
Durham, CT.
and is currently offered at $2,800,000.
153 Wallingford, Durham, CT is a 15-bed, 8-bath,
10,623 square foot home built in 1820 , featuring Colonial architecture
This home is within the Durham school district
(Local)
with nearby schools including Per Board of Ed.
Pricing Insight: Originally listed at $2,800,000, the price has since been adjusted by $0 (0%). It has been on the market for approximately 501 days.
Property Overview
MLS #: 24045388
Property Type: Single Family
Architectural Style: Colonial
Year Built: 1820
Neighborhood: Durham Center
Living Area: 10,623 Sq. Ft.
Lot Size: 278.55 Acres
Construction: Frame
Heating: Hot Air
Price per Sq Ft: $264
Property 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. both parcel MUST be sold together.
Property Images
Durham Market Expert
George Antonopoulos
Phone: 800-555-0001
Email: george@appzentric.com