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$699,900
Est. payment /mo
85.98 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73293945
HOA Y/N false
Annual Tax Amount $49
Tax Year 2024
Lot Size 85.980 Acres
Acres 85.98
Property Sub-Type Residential
Property Description
Developer wanted! 85.98 acres with 2,313' of road frontage is 30 seconds from I-84 exit 70. 4% interest construction loans available to developers, numerous programs sponsored by the state to address CT's affordable housing crisis, defined as at least 20% affordable & 50% moderate income level units, including state subsidized & non-subsidized units, senior 55+ and assisted living units. Public act 87-441 provides grants, loans & deferred loans for acquiring land. CHFA tax credits to developers up to $10 million annually. Per 2024 law affordable rental units to be assessed/taxed based on net rental income, not market value. Besides frontage for lots, the land has a nearly level area 250' x 600' parallel to RT 32. Willington's only senior housing facility, Willington Woods, is a 32 unit 70' x 200' building. Land abuts trout stocked Roaring Brook, diagonal across from town park with fields, pavilion & paved level walking trail. Google says 23 min to Hartford, 13 min to Rockville Hospital
Location
State CT
County Tolland
Zoning R80
Direction Corner of River Rd (RT 32) and Schofield Rd, the first right west of I-84 exit 70
Exterior
Community Features Park, Walk/Jog Trails, Stable(s), Conservation Area, Highway Access, Public School, University
Waterfront Description Waterfront,Beach Front,Stream,Creek,Beach Ownership(Public)
Building
Lot Description Rolling Slope, Wooded
Sewer Private Sewer
Water Private
Others
Senior Community false
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Listed by Dr. LAND
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