Business & Tech

Eastleigh Farm To Go On Auction Block March 27

Owner Doug Stephan purchased Eastleigh Farm on Edmands Road in 2006.

Originally posted at 4:12 p.m. Updated

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Eastleigh Farm is scheduled to be auctioned off on March 27, according to a report in the Boston Business Journal.

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Owner Doug Stephan purchased the 100+ acre property on Edmands Road in Framingham in 2006 for $4 million. Later, he mortgaged the property for another $5.5 million.

The farm and the house at 1084 Grove St. was scheduled for a foreclosure auction last October, but Stephan was able to get a reprieve.

Find out what's happening in Framinghamfor free with the latest updates from Patch.

Town of Framingham records have the property assessed for $300,00 as it is zoned for agricultural use.

Brokers say it could fetch more than $2 million at auction if the use is changed, reported the Boston Business Journal.

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