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New Construction
Address
130 Casterbridge Crossing Simsbury, CT
Price
$ 1,650,000
Property Attributes
  • MLS#170182243
  • TypeLand
  • CountyHARTFORD
  • CitySimsbury
  • Zip06070
  • StyleResidential Land
  • Taxes10049
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7 Acres
Listing Provided Courtesy Of:
Academic Co-Realty Services
Property Description

Seven acres of the Dorset Crossing master planned complex is available and already approved for 72 units of multi-family development. The site lies at the end of Casterbridge Crossing off Route 202, where there is a signalized entrance into the complex. A development road already leads to the wooded site across a stream, dominated by very well drained Merrimac and Hinckley sandy loam soils. Pricing for the subject parcel assumes conservatively high 7.5% cap rate for new construction and conservatively high 40% expense ratio, with an ask price of less than $23,000 per unit. The Pointe at Dorset Crossing is an adjacent complex of 168 units built several years ago, and is more than 95% occupied. The Pointe sold recently for $36.5M, with a low implied cap rate of 5.3%. Daily traffic count is about 27,000, and all utilities are available. The site is just 15 minutes from Bradley International Airport, and 25 minutes from downtown Hartford.

Elementary School Middle School High School
Per Board of Ed Elementary School Unknown Middle School Simsbury High School
Price History
4/9/2019 Listed $3,300,000
5/20/2019 50% - $1,650,000

General Features

Elementary School Per Board of Ed
High School Simsbury
Location Other
Neighborhood N/A
Property Sub Type Residential Land
Property Type Lots and Land For Sale
Status Active
Tax Year July 2018-June 2019
Utilities Available Electric Available, Gas Available, Phone Available, Cable Available
Zoning PAD

Exterior Features

Acres 7.0000
Lot Description May be Subdividable, Additional Land Avail., Lightly Wooded, Rolling
Lots Number Of 2
Road Frontage Approximate 650
Road Frontage Description Paved Road
Sewage System Public Sewer In Street
Water Source Public Water In Street
Waterfront Description Brook

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06070

Price
AVG $630K
$1.65M
Taxes
AVG $9,527
$10,049
Visits
AVG 24
14

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