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$799,500
PRICE
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5
Beds
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4
Baths
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3,386
Sqft
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2.37
Acres
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1900
Built
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
ADDITIONAL INFORMATION
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ACRES:
2.37
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ATTIC DESCRIPTION:
Crawl Space, Access Via Hatch
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BASEMENT DESCRIPTION:
Full, Full With Hatchway
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GARAGE:
Attached Garage, Paved, Driveway, Unpaved
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GARAGE COUNT:
1
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HIGH SCHOOL:
East Lyme
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IS OCCUPIED?:
Owner
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IS WATERFRONT?:
Yes
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LIVING AREA SQFT:
3,386
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PROPERTY TAX:
$10,680
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SEWER:
Septic
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STYLE:
Other
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TAX AMOUNT:
$10,680
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UNIT COUNT:
2
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YEAR BUILT:
1900
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YEAR BUILT DETAILS:
Public Records
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ZONING:
R40
AMENITIES
- Library
- Medical Facilities
- Public Pool
- Public Transportation
- Tennis Courts
INTERIOR FEATURES
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AIR CONDITIONING:
Ductless, Split System, Wall Unit
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ATTIC:
Yes
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BEDS:
5
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COOLING:
Ductless, Split System, Wall Unit
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FULL BATHS:
4
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FURNACE TYPE:
Electric, Oil, Wood
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HEAT:
Electric, Oil, Wood
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HEAT FUEL:
Electric, Oil, Wood
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HOT WATER:
Oil, Electric, Upright Tank
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LAUNDRY ROOM:
All Units Have Hook-Ups
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LAUNDRY ROOM ACCESS:
Main house has 3 hookups. Cottage has 1
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ROOMS:
12
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TOTAL BATHS:
4
EXTERIOR FEATURES
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EXTERIOR FEATURES:
Barn,Gutters,Guest House,Hot Tub,Stone Wall,Patio
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EXTERIOR SIDING:
Shake, Cedar
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HOUSE COLOR:
Cedar Shake
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ROOF:
Asphalt Shingle
Listing Courtesy of Amanda Gaudette (860.859.7610) of William Pitt Sotheby's Int'l (860.536.5900).
Location for 7 Silver Falls Road, East Lyme, CT
Schools
for 7 Silver Falls Road, East Lyme, CT
Our community offers residents access to a number of fine private and public schools for all grade levels. Please read below for information on each
of the schools in our area.