C
Seller's Agent in 2022
Chadwick Ciocci
Kinard Realty Group Commercial
571 Torrington Rd Litchfield, CT 06759
21
Beds
25
Baths
14,500
Sq Ft
9.9
Acres
Highlights
- Wine Cellar
- 9.9 Acre Lot
- Maid or Guest Quarters
- Center School Rated A-
- Colonial Architecture
- Covered Deck
About This Home
As of October 2022Calling all entrepreneurs! This bed & breakfast / hospitality property has 3 buildings, 20+ bedrooms, a restaurant and bar, 2 commercial kitchens, wine cellar, a ballroom and an incredible amount of untapped business potential. A repositioning plan shows the potential for almost $5M in revenue generation with an arguably conservative business plan. Potential business operations at this property include: hotel rooms, restaurant and bar, weddings, special events, conventions, fairs, a spa and so much more. This property and business are currently underutilized and an owner / operator with the right vision could turn this property in to a regional destination.
The Inn is setback from the main road, Torrington Road (Rt202) and comprises a triangular property of 9.9 acres bounded by Torrington Road, Tollgate Road and Wilson Road. The entire rear two thirds of the property is undeveloped and wooded. Some of the trees are tapped for maple syrup which is produced by a small sugar shack about one half mile up Wilson road.
The town of Litchfield is know as a quintessential New England Village and the Inn is 2.5 miles from the Litchfield town green. The area is known for its antiques, artisans and outdoors activities, and yet it is within 100 miles of New York City and 130 miles of Boston. Bradley Airport is within a 1-hour drive.
Last Agent to Sell the Property
Chadwick Ciocci
Kinard Realty Group Commercial License #RES. Listed on: 12/01/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28,343
Year Built
- Built in 1990
Lot Details
- 9.9 Acre Lot
- Secluded Lot
- Partially Wooded Lot
- Property is zoned RR, GR
Home Design
- Colonial Architecture
- Farmhouse Style Home
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Log Siding
Interior Spaces
- 14,500 Sq Ft Home
- 15 Fireplaces
- Entrance Foyer
- Wine Cellar
- Sitting Room
- Attic
Kitchen
- Oven or Range
- Gas Cooktop
- Range Hood
- Microwave
- Ice Maker
Bedrooms and Bathrooms
- 21 Bedrooms
- Maid or Guest Quarters
Laundry
- Laundry Room
- Laundry on lower level
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Parking Deck
- Circular Driveway
- Unpaved Parking
- Paved Parking
Utilities
- Forced Air Zoned Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- Heating System Uses Steam
- Heating System Uses Oil Above Ground
- Gas Available at Street
- Private Company Owned Well
- Hot Water Circulator
- Propane Water Heater
Additional Features
- Covered Deck
- Separate Entry Quarters
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2021
Closed on
Sep 28, 2022
Sold by
571 Torrington Rd Llc
Bought by
Foxfire Connecticut Llc
Seller's Agent
Chadwick Ciocci
Kinard Realty Group Commercial
Buyer's Agent
Lori Montazella
William Pitt Sotheby's Int'l
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,587,000
Outstanding Balance
$2,476,209
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Foxfire Connecticut Llc | $1,250,000 | None Available | |
| Foxfire Connecticut Llc | $1,250,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Foxfire Connecticut Llc | $2,587,000 | |
| Closed | Foxfire Connecticut Llc | $2,587,000 | |
| Previous Owner | Zivic Fred | $650,000 | |
| Previous Owner | Zivic Fred | $455,000 | |
| Previous Owner | Zivic Fred | $1,087,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2022 10/05/22 | Sold | $1,250,000 | -7.4% | $86 / Sq Ft |
| 05/26/2022 05/26/22 | Pending | -- | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $1,350,000 | -- | $93 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $33,132 | $1,656,620 | $371,550 | $1,285,070 |
| 2024 | $26,580 | $1,436,740 | $371,550 | $1,065,190 |
| 2023 | $28,237 | $1,057,560 | $336,390 | $721,170 |
| 2022 | $28,343 | $1,057,560 | $336,390 | $721,170 |
| 2021 | $29,189 | $1,057,560 | $336,390 | $721,170 |
| 2020 | $29,294 | $1,057,560 | $336,390 | $721,170 |
| 2019 | $29,823 | $1,057,560 | $336,390 | $721,170 |
| 2018 | $28,164 | $1,016,750 | $336,390 | $680,360 |
| 2017 | $28,062 | $1,016,750 | $336,390 | $680,360 |
| 2016 | $27,147 | $1,016,750 | $336,390 | $680,360 |
| 2015 | -- | $1,016,750 | $336,390 | $680,360 |
| 2014 | $25,622 | $1,016,750 | $336,390 | $680,360 |
Source: Public Records
Agents Affiliated with this Home
-
-
Lori Montazella
Buyer's Agent in 2022
Lori Montazella
William Pitt
(917) 670-2791
1 in this area
26 Total Sales
Map
Source: SmartMLS
MLS Number: 170455034
APN: LITC-000145-000020A-000001
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