Darien: Preston's Picks #1
Noroton Heights location convenient to train & shopping.
Level, approx. 27,500sf lot with good utility. Approx. 115 ft width and 245 ft depth. Site characteristics appear conforming within an R-1/2 residential zone. Public utility connections include water & sewer. A small brook runs across mid to rear portion of site however no significant adverse impact noted as per development potential.
Existing improvements comprise a 1950's built, single story, frame construction residence with an approx. 2,200 sf footprint. Full Basement. 2 - Car Garage. 3 BR / 3 Bth. HW / Oil heating – Oil Tank located in Basement. 2 FP.
Buyer to assume existing leasehold interest:
- Lease Termination: June 30th, 2019
- Rent: $3900/month
- All utilities are paid by tenant
Highest & Best Use considerations include either a tear down / new build or a major remodeling / “Pop Top” expansion. The neighborhood supports a wide range of home size (up to 5,000 - 5,500 sf) and values (up to approx. $2.4M). "As Is" value will range dependent upon project scope and user however market data appears supportive of low 7's - upper 8's.