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85.98 Acres Lot
$ 699,900
Est. payment | /mo
85.98 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24049906
Annual Tax Amount $49
Lot Size 85.980 Acres
Property Sub-Type Residential Land
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
Exterior
Utilities Available Cable Available, Electric Available, Phone Available
Waterfront Description Brook
Building
Lot Description Treed, Borders Open Space, Rolling, Water View
Sewer Septic Required
Water Well Required
Schools
Elementary Schools Center
High Schools Per Board Of Ed
Listed by Dennis Duga • Northeast Realty
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Ilka Torres
Broker | License ID: REB.0794005