Rare opportunity to acquire 189 luxury residential units in Avon! Set across 46.6 expansive acres, this prime location is adjacent to vibrant Route-44, providing effortless access to all local amenities. Seamlessly connected to Avon Mountain, there is a direct path from Avon to West Hartford and other bustling towns, yet it maintains a tranquil, suburban ambiance. The property has: (102) 1 Bed, (78) 2 Bed and (9) 3 Bed units. Spacious layouts range from 925SF up to an impressive 1324SF, each featuring a private balcony or patio.The asset is at 92% Occupancy currently. Originally built in 1977, these three-story assets are undergoing extensive upgrades to both units and common area upgrades (~80 units renovated & $3.5M invested into buildings). Residents enjoy amenities such as a swimming pool with cabana and sun deck, two tennis courts, picnic areas and scenic walking trails enriching their lifestyle experience at Avon Woods. These units are poised to command premium rental rates, reflecting the strong demand for upscale living In this affluent area. There is also an option for an expansion package for an additional $12,000,000 (MLS 24037298). This opportunity includes approved plans for a 250 unit expansion including 2 new, four-story buildings totaling 196 units. Enhanced amenities will feature a new pool and clubhouse, expansive patio and pavilion, basketball courts, picnic areas, grilling stations, walking trails, and ample outdoor parking for residents and guests.
Property Details
Property Features
Property Information:
Year Built: 1977
Living Area: 99,713 SqFt
Listing Office:
Office Name: Berkshire Hathaway NE Prop.
Office Phone: (860) 633-3674
Listing Agent: Lisa Cozzi
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: Yes
View: Trees/Woods
Parking Information:
Attached Garage: No
Parking: None
Lot Features
Lot Information:
Lot: Wooded, Level
Lot Size: 46.60 Acres
Utilities
Utilities Information:
Heating: Baseboard
Cooling: Wall Unit(s)
Other
Directions Information:
Directions: Waterville to Avonwood
Price Information
Listing Price Info
Price Summary:
List Price: $40,000,000
Price Per SqFt: $401/SqFt
Tax Information:
Annual Amount: $493,725
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$199.7K
Per Month
Principal & Interest
$199.6K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$119.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Reggio Magnet School of the Arts
59 Waterville Rd
Distance between this listing and this school0.27 miles
Public Magnet Grades PK-5
3
/10
Ana Grace Academy of the Arts Elementary School
20 Security Dr
Distance between this listing and this school0.91 miles
Public Magnet Grades PK-5
6
/10
Pine Grove School
151 Scoville Rd
Distance between this listing and this school2.28 miles
Public District Grades KG-4
Nearby Schools
7
/10
Avon Middle School
375 W Avon Rd
Distance between this listing and this school2.15 miles
Public District Grades 7-8
6
/10
King Philip Middle School
100 King Philip Dr
Distance between this listing and this school4.32 miles
Public District Grades 6-8
6
/10
Sedgwick Middle School
128 Sedgwick Rd
Distance between this listing and this school4.89 miles
Public District Grades 6-8
Nearby Schools
8
/10
Avon High School
510 W Avon Rd
Distance between this listing and this school2.20 miles
Public District Grades 9-12
8
/10
Hall High School
975 N Main St
Distance between this listing and this school3.85 miles
Public District Grades 9-12
8
/10
Farmington High School
10 Montieth Dr
Distance between this listing and this school4.00 miles
The neighbors living near this home have an average income of $129,167. Most Avon, CT residents have annual incomes $200k+. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 64 Avonwood Rd in Avon, CT and zip code 06001. This 99,713 square foot home, which was built in 1977, sits on a 46.60 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $40,000,000.
In November 2024 more than 16 listings in Avon, CT were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below. The inventory of homes for sale in Avon, CT between October 2024 and November 2024 decreased by 9.2%.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
College Football
BJs Wholesale Club
Stein Mart
Express/Express For Men
Panera
Cracker Barrel
Sonic
Infiniti
Lexus
Kia
Adult Hits
Oldies
New Country