135± Acre Residential Development Opportunity

Description

Lender Ordered REO! The property is a 135± acre development site previously approved for a 275-unit active adult residential community located along the Bethany town line in Beacon Falls, CT. The site is just to the east of Chatfield Farms I, a 235-unit age restricted development currently marketing and selling homes. The subject site was planned to be an extension of Chatfield Farms I. The site is easily accessible to Route 8, I-95 and I-84. The site is located in the R-1 residential zone and this zone would govern development if a conventional single family development were pursued. The R-1 zone permits one and two family dwellings, in addition to special uses such as veterinary hospitals, kennels and day care facilities.

Documents

Auction Information

Property Information

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Terms & Conditions

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $10,000 deposit needs to be wired to escrow account at least 24 hours before auction begins.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

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  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $10,000 deposit needs to be wired to escrow account at least 24 hours before auction begins.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

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Auction Info:

  • Sold
  • Property Type
    Residential
  • Property Location
    Bear Hill Rd
    Beacon Falls, CT 06403
  • Auction Location
    Online

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Joshua Olshin