$500,000

Step out of the 3 season, enclosed porch to the private park-like grounds of this ranch-style condo in Windermere East. This home has been tenderly cared for and is ready to welcome its next owners to enjoy. The main living areas offers a nice open floor plan, combining the living and dining areas. Both bedrooms are large enough to accommodate a king-size bed or two twin beds. There are two full bathrooms with stall showers and one holds full size washer and dryer. The electrical/solar system in this unit results in unbelievably low utility bills. The desirable location is with in an approximate 5 to 6 minute drive to the center of town where one will find shopping, the library, restaurants, the seasonal Friday afternoon Farmer's Market on the Town Green as well as several cultural events, including concerts, fairs, and art exhibits. In addition to nearby Hammonasset State Park, this home is also just minutes from Madison's three resident beaches. The local train station provides commuter service to New Haven where one can connect to a two-hour train ride to NYC. Currently there there is a land lease in place in which the Association has the option to purchase during a period of 90 days prior and up to June 30, 2033. Plans are already in place to exercise this option and the funds to do so have been collected and are in a separate account. Once the option is exercised, the sale of a unit will be transferred as a "fee simple" transaction rather than the current "transfer of a leasehold." There is a transfer fee equivalent to 5 months HOA fees to be paid by the buyer at closing. Units are limited to 3 permanent residents. No assessments are owed on this unit.