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220 Middlesex Tpke, Old Saybrook, CT 06475

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For Sale

$2,950,000

124.08 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 124.1 acres
    Lot size

Explore this Property

Property is being offered via Real Estate Auction in cooperation w/ Michael Hvizdo of Coldwell Banker on Wed., June 4 at 12pm on-site. The price noted above is the last list price, as the actual selling price will be determined by the bidders on auction day. Pre-auction offers must be presented on the auction P&S and are subject to seller confirmation. 10% Buyer's Premium applies. Auction Location: Clark Memorial Field - 210 Elm St, Old Saybrook, CT. Potential Development Opportunity - 110+/- Acres of Residential Land with Victorian Farmhouse & Obed Heights Reservoir. Site Preview: Wednesday, May 28 (11am-1pm). Old Saybrook is a desirable coastal community. Convenient to Routes 1 & 9, less than a 1/2 mile to I-95 & the Amtrak train station. Originally known as Fairview Farm, the property features picturesque Obed Heights Reservoir as well as elevated views of the Connecticut River & Long Island Sound. Stately farmhouse exteriors were featured in a 1970's cult classic film. This rare large acreage parcel offers many opportunities per zoning by right or special permit. Prospective buyers to conduct their own due diligence in regard to desired development or use. SITE AREA: 124+/- acres per Assessor, 110+/- acres per 2023 contour survey. FRONTAGE: 270+/- ft on Rt 154, additional roadways including I-95 abut property. ZONING: Majority is AA-1 with B-4 along Rt 154. EXISTING STRUCTURES INCLUDE: 7,088+/- sf GBA / 3,770+/- sf GLA 2.75-story Victorian farmhouse with tower, built c. 1875. 2,080+/- sf GBA / 1,248+/- GLA guesthouse with basement. 624+/- sf GBA detached garage. OBED HEIGHTS RESERVOIR: Originally created in 1880 by Dam (CT 00414) stoppage of Ragged Rock Creek, virtually all of this private reservoir lies within the property with limited access by others including the Obed Heights Association Beach. SEE PROPERTY INFO PACKAGE: Utilities, site map, dam info. PARCEL ID: 053/002
MLS# 11470702

Courtesy Of JJManning Auctioneers

(800) 521-0111

Property Features

  • Architecture Style
    Other
  • Lot Size
    124.08 Acres

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Directions to 220 Middlesex Tpke, Old Saybrook, CT 06475

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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