Farmington Mansion: A Bargain at $1.6M or Just Another Money Pit? 🏰

Stately brick mansion with grand columns and lush landscaping at 1 John Steele Rd, Farmington, CT

Magnificent Mansion at 1 John Steele Rd: An Opulent Bargain Awaits

FARMINGTON, CT — Calling all aspiring lords and ladies of Farmington! The illustrious mansion at 1 John Steele Rd is back on the market, and this might be your chance to nab one of the most storied estates in our fine town. Listed at a mere $1,600,000, this palatial abode is practically a steal compared to its previous price tags.

Property Overview:

  • Price: $1,600,000
  • Location: 1 John Steele Rd, Farmington, CT 06032
  • Bedrooms: 6
  • Bathrooms: 10 (7 full, 3 half)
  • Size: 13,512 sqft
  • Lot: 4.63 acres
  • Built: 1980
  • Price per sqft: $118

This colossal brick beauty sits serenely on a sprawling 4.63-acre lot, ensuring ample space for you and all your eccentric hobbies. Upon entering, you are greeted by a grand tiled foyer adorned with magnificent chandeliers leading to two opulent great rooms. These rooms boast cherry oak trim, custom crown molding, and floor-to-ceiling windows that flood the space with natural light, offering stunning panoramic views.

The first-floor primary suite is a private sanctuary with its own bathroom wing, three closets, and elegant shadow box trim. The kitchen, an entertainer’s dream, features an oversized granite island and top-of-the-line appliances, including a Sub-Zero refrigerator. The upper level offers spacious bedrooms with oversized closets, and an additional suite with its own private entrance for that family member who needs their own space. The third level houses a fully finished bonus room, perfect for whatever use you can dream up.

The lower level is where the real fun begins: a wine cellar, personal bar, indoor hot tub, and oversized full bath create an entertainer’s paradise. The attached greenhouse and four-car garage are just icing on the cake. Outside, you’ll find a grand balcony overlooking a resort-like setting, complete with an in-ground pool, bluestone patio, man-made lake, stables, and beautiful flower beds.

A Bargain Price? Yes, you read that right. This estate, which once listed for nearly $2 million, is now available for $1,600,000. The fluctuating price history of this mansion is a testament to its complex allure. Here’s a glimpse of its rollercoaster journey through the real estate market:

  • July 25, 2024: Listed for $1,600,000
  • January 27, 2024: Listing removed at $1,760,000
  • November 27, 2023: Price change to $1,760,000
  • November 8, 2023: Price change to $1,800,000
  • July 19, 2023: Price change to $1,860,000
  • May 30, 2023: Listed for $1,950,000
  • March 9, 2015: Sold for $1,175,000

Tax History: Property taxes for this estate have also seen their fair share of ups and downs:

  • 2023: $30,003
  • 2022: $31,244
  • 2021: $30,679
  • 2020: $29,785
  • 2019: $29,785
  • 2018: $28,737
  • 2017: $28,288
  • 2015: $26,517
  • 2006: $21,742

This data tells a story of a property that has been both a beacon of luxury and a complex financial asset. With its current listing price, it’s poised to be a remarkable bargain for the right buyer.

Sponsor Shout-Out: This article is brought to you by our friends at Farmington Storage, located at 155 Scott Swamp Road. For all your storage needs, give them a call at 860.777.4001. Thank you, Farmington Storage, for supporting local journalism and helping us bring you the latest from our beloved town.

So, if you’ve ever dreamed of living like royalty in Farmington, this might be your golden ticket. Don’t miss your chance to own a piece of Farmington history at a fraction of its former price. Contact Elizabeth Harrison at Hagel & Assoc. Real Estate to schedule your private tour today. Who knows, you might just find yourself sipping wine in your own personal bar, basking in the luxury of your new home.

-JB-

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