PUBLISHED RESERVE $2,000,000
Ideal for an Exclusive Private Residence or a Premier Horse Boarding or Training Facility
NORTHBROOK, Ill., Nov. 11, 2016 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC announces the upcoming Live Auction of an exclusive 55 acre equestrian estate with a Published Reserve of $2,000,000, previously listed as high as $11,500,000. The estate includes a luxury log and timber home located in scenic Hartford County, Connecticut in the town of Marlborough, 20 minutes from Hartford International airport and less than two hours from New York City. The live auction begins at 1:00PM on Tuesday December 13, 2016. This offering includes 55 breathtaking and tranquil acres; a 5,800 square foot three story luxury home with a heated outdoor in-ground pool accompanied by a multi-level wrap-around deck with BBQ area. There are three additional residential structures on the estate; a studio apartment above a heated garage, a one-bedroom apartment above a storage garage, and a two-story ranch style duplex with two identical three-bedroom apartments. The primary barn is 28,000 square feet and includes a 100x200 foot indoor riding arena overlooked by a heated observation lounge. A similar sized barn is adjacent to the primary barn and connected by covered walkways. Each main barn offers numerous stables and there are additional barns with stables throughout the estate. There are nine scenic pastures, walking and hiking trails, and a seven-acre pond perfect for boating, fishing, and ice skating. The equestrian facilities are immediately available for horse boarding, training, and veterinarian businesses.
This one-of-a-kind country estate is perfectly suited to provide residents with peace, tranquility, and first class relaxation beginning immediately upon entering the estate's long private driveway. The approach down the long private road opens up to panoramic views encompassing the abundant natural beauty throughout this amazing estate. The home boasts five bedrooms, three and a half bathrooms, and a gourmet kitchen complete with premium stainless steel appliances perfect for entertaining. The estate offers a host of outdoor recreational activities for both summer and winter months, with miles of trails meandering through the scenic pastures and the adjacent 6,000 acre Salmon River State Forest, which are accessible via snowmobile, cross country skis, ATV or horseback.
According to a University of Connecticut report, Connecticut is one the best places to have an equestrian farm due to the high demand for horses. The report also detailed that Connecticut families with equestrian farms have significantly higher household incomes than families without. According to the 2010 U.S. Census, the median household income in the town of Marlborough was $108,232 and $127,237 in Glastonbury which is adjacent to Marlborough.
The live auction begins promptly at 1:00PM on Tuesday, December 13, 2016. Go to www.HilcoRealEstate.com/HorseFarm to review property information and to obtain the terms and conditions for the auction and sale process. The property will be open for inspection from 11AM to 2PM on Saturday and Sunday December 3rd, 4th, 10th, and 11th and on Monday December 12th.
Jeff Azuse, Senior Vice President with Hilco Real Estate said, "This is an amazing opportunity to own a masterpiece of landscape and architecture nestled in the foothills of Connecticut available well below replacement cost, now being offered subject to a published reserve of only $2,000,000. This property is ideal for a secluded family compound, residential expansion, bed and breakfast, or a working horse farm."
For more information about bid qualifications and further details about this or other properties available, please visit www.HilcoRealEstate.com or contact a member of our transactional team at 855-755-2300.
About Hilco Real Estate, LLC: Hilco Real Estate, LLC ("HRE"), a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.