7 Silver Falls Rd, East Lyme, CT 06333
- $799,500
- 5
- BD
- 4
- BA
- 3,386
- SqFt
- List Price
- $799,500
- Status
- ACTIVE
- MLS#
- 24186470
- Price Change
- ▼ $25,500 1783958285
- Year Built
- 1900
- Style
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Acres
- 2.37
- Living Area
- 3,386
- Neighborhood
- N/A
- Middle School
- East Lyme
- Elementary School
- Flanders
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.
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Additional Information
- Taxes
- $10,680
- Lot Size
- 103,237
- Heating
- Baseboard, Heat Pump, Wood Stove
- Cooling System Type
- Ductless, Ductless Mini-Split, Wall Units
- Sewer
- Septic Tank
- Water Source
- Private Well
- Basement
- Full
- Exterior Features
- Barn/Stable, Guest Quarters, Hot Tub, Patio
- Garage Spaces
- 1
- Parking Spaces
- 10
- Elementary School
- Flanders
- Middle School
- East Lyme
- High School
- East Lyme
Mortgage Calculator
Listing courtesy of Amanda Gaudette from William Pitt Sotheby's Int'l. (860) 859-7610 (860) 536-5900
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