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130 Casterbridge Crossing

  • – beds
  • – baths
  • – sqft
  • ~7 acre lot
  • on site

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.

SMART_MLS logo Listing courtesy of SMART_MLS / Academic Co-Realty Services

Last checked: Checking… • Last updated Feb 13, 2021 • Source: SMART_MLS

MLS# 170182243 —

Amenities & Taxes

The Property

Acres:
7
Property Type:
Lots and Land For Sale
Property Sub Type:
Residential Land
Zoning:
Pad
Lot Description:
May be Subdividable, Additional Land Avail., Lightly Wooded, Rolling
Road Frontage:
Paved Road
Road Frontage:
650

Listing Agent

Contact info:

Taxes

Property Tax:
$9,916
Tax Year:
July 2020-June 2021

The Listing

No

Utilities

Utilities Available:
Electric Available, Gas Available, Phone Available, Cable Available
Sewage System:
Public Sewer In Street
Water Source:
Public Water In Street

Schools

Elementary School:
Per Board of Ed
High School:
Simsbury

The Community

HOA:
No
Waterfront Description:
Brook

Schools

Rating Details
8

Tariffville Elementary School

  • Public
  • K-6
  • 1.2 mi
8

Henry James Memorial School

  • Public
  • 7-8
  • 2.1 mi
7

Simsbury High School

  • Public
  • 9-12
  • 3.1 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Monthly cost estimate

130 Casterbridge Crossing

Asking price

$1,650,000

Mortgage Principal & interest
Assumes 20% down, 30 yr.
fixed, good credit

$5,629

Taxes $826
Insurance $453
Utilities N/A
Total $6,908/mo.*
*This is an estimate

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Sale history

Date Event Source Price % Change
5/20/19
Price Changed SMART_MLS $1,650,000 -50.0%
4/9/19
Listed / Active SMART_MLS $3,300,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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