7 Silver Falls Road, East Lyme, CT 06333
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7 Silver Falls Road, East Lyme, CT 06333
7 Silver Falls Road, East Lyme, CT 06333
7 Silver Falls Road, East Lyme, CT 06333
7 Silver Falls Road, East Lyme, CT 06333
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Trisha Hebert

Trisha Hebert

+1(401) 309-9957
$ 799,500
Est. payment /mo
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Price Dropped by $25K

7 Silver Falls Road East Lyme, CT 06333

5 Beds

4 Baths

3,386 SqFt

Open House

Sun Jul 19, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,386 sqft

Price per Sqft $236

MLS Listing ID 24186470

Style Other

Bedrooms 5

Full Baths 4

Year Built 1900

Annual Tax Amount $10,680

Lot Size 2.370 Acres

Property Sub-Type 2 Family

Property Description

Rare income-producing multi-family opportunity or ideal multigenerational compound in East Lyme! Situated on a sprawling 2.37-acre retreat along scenic Latimer Brook, this unique property features two fully detached homes on one lot. A high-yielding, flexible setup that is virtually impossible to replicate today. Perfect for savvy investors, families seeking separate-but-close living, or owner-occupants looking to offset their mortgage, the estate includes a spacious 2,252 sq. ft. main house (4 BR, 3 BA, expanded in 2004) and a private, fully detached 1,134 sq. ft. ranch cottage (1 BR, 1 BA) completely renovated with an effective build year of 2018. Adding immense value is a massive, versatile outbuilding with a workshop and garage space, ideal for home businesses, hobbyists, or extra storage rental income. The park-like acreage offers ultimate privacy with established fruit trees and the soothing sounds of Silver Falls, all while remaining minutes from East Lyme's coastal amenities, major highways, and top-rated schools. Live in one and rent the other, house multiple generations with perfect privacy, or lease both for maximum cash flow. This unique multi-family asset delivers endless potential.

Location

State CT

County New London

Zoning R40

Rooms

Basement Full, Full With Hatchway

Interior

Heating Baseboard, Heat Pump, Wood/Coal Stove

Cooling Ductless, Split System, Wall Unit

Exterior

Exterior Feature Barn, Gutters, Guest House, Hot Tub, Stone Wall, Patio

Parking Features Attached Garage, Paved, Driveway, Unpaved

Garage Spaces 1.0

Waterfront Description Brook,Access

Roof Type Asphalt Shingle

Building

Lot Description Some Wetlands, Level Lot

Foundation Concrete, Stone

Sewer Septic

Water Private Well

Schools

Elementary Schools Flanders

Middle Schools East Lyme

High Schools East Lyme

Listed by Amanda Gaudette • William Pitt Sotheby's Int'l
Trisha Hebert

Trisha Hebert

Realtor® | License ID: RES.0041616

+1(401) 309-9957

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7 Silver Falls Road