Westport: Preston's Picks # 1
Prime Turkey Hill Road South vicinity.
Res AAA Zone. Non-conforming, gently rolling site. Flag lot, irregular in shape. Approx. 81,000sf. Site is heavily impacted by wetlands, no apparent ledge. Not in a flood zone or CAM.
Existing well & septic. No public utility connections available. Existing oil tank located in the basement. Some history related to a leaking oil tank and new oil tank installation dating back to approx. 2001 – 2004, information is not conclusive and this require additional research / resolve. Soil survey recently completed indicating site will accommodate a new five bedroom septic system.
Existing improvements include an approx. 1500sf frame dwelling & attached 2 bay frame garage. Full unfinished basement – foundation would appear to support second story living area.
Highest & Best Use considerations lend support to both a rehab/expansion project or a tear down/new build. Given recent soil survey results (5 BR Septic) I’m leaning towards a new spec. build. Target acquisition pricing estimated to be in the low to mid 7’s. Projected resale of a new dwelling commensurate in size, quality, & design/appeal for location/market expectation is estimated to be in the 2.1M – 2.3M range.