( $15,000 vs. $9,375 ) This house project needs someone with more time than I do to finish it. The new assessment from Simsbury is $299,000 I grew up next door to this house, and was told as a boy that it was originally a hunting lodge. ( Picture the lakehouse from The Godfather movie, but without the lake. ) It is located right at the base of Sugarloaf mountain, that is literally in you’re backyard. It was constructed in 1945, and has never been on the open real estate market since the year it was built. There have only been three owners since 1945. With 2.7 acres of land, there may be a rear lot possible. There is a building permit open with the Town of Simsbury. The rigid insulation on site to be installed has been approved and goes with the sale. ( worth approx $7,000 ) We have an estimate from a drywall contractor, that is for $12,600 for all the new sheetrock work to be done . There is updated 200 amp service, with a newer panel, and I was told the existing Romex electrical can be tied into and expanded. Keep in mind, this is a construction project, and has been demo'd down to the framing. The best buyer is probably the one that can do some of the work themselves, as I had planned to do. We just had an appraisal done, and upon completion, the value given was $515,000, with off the shelf Grade B finishes . If you were to have this as a rental property , the estimated rate is $3,000 per month or more. I am the owner, and the listing agent.
Listing courtesy of Matthew F Schoenhardt from William Raveis Real Estate
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