Investors take note - this property offers exceptional potential in an excellent location with beautiful winter water views of the Thames River. The home features a newly tiled full bathroom. It needs new kitchen cabinets and countertops, a new roof, and a contractor's power pole for electrical access during construction. Inside, the layout includes a living room, dining room, kitchen, two bedrooms, and a full bath, offering a practical footprint for redesign, expansion, or modernization. The property requires a full rehab, including: New heating system New septic system Town water hookup Additionally, the front shop building must be completely demolished - do not enter. With its desirable setting, river view backdrop, and strong long-term upside, this property is ideal for contractors, flippers, or investors ready to bring a vision to life. Opportunities in locations like this are rare - secure this highpotential project and unlock its full value.
Sold for $100,000
$100,000
7 River Drive, Ledyard, CT 06335
2beds
1,281sqft
Single Family Residence
Built in 1955
0.28 Acres Lot
$100,200 Zestimate®
$78/sqft
$2,493 Estimated rent
Home value
$100,200
$93,000 - $108,000
$2,493/mo
Zestimate® history
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List your homeWhat's special
River view backdropTwo bedroomsDining room
Zillow last checked:
Listing updated:
Listed by:
Martha Poole marthapoole@comcast.net,
Carl Guild & Associates 860-474-3500
Bought with:
Bridget A. Morrissey, REB.0794848
Bridget Morrissey Realty LLC
Source: Smart MLS,MLS#: 24178387
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- None
Cooling
- None
Appliances
- Included: None, No Hot Water
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 1,281
- Total interior livable area: 1,281 sqft
- Finished area above ground: 1,281
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Lot
- Size: 0.28 Acres
- Features: Rolling Slope
Details
- Parcel number: 1510514
- Zoning: R40
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Cesspool
- Water: None
Community & HOA
Community
- Subdivision: Gales Ferry
HOA
- Has HOA: No
Location
- Region: Gales Ferry
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $105,840
- Annual tax amount: $3,931
- Date on market: 5/31/2026
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Sold | $100,000-42.9%$78/sqft |
Source:  Smart MLS #24178387 Report a problem | ||
| 6/14/2026 | Pending sale | $175,000$137/sqft |
Source: Smart MLS #24178387 Report a problem | ||
| 6/7/2026 | Price change | $175,000-5.4%$137/sqft |
Source: Smart MLS #24178387 Report a problem | ||
| 5/31/2026 | Listed for sale | $185,000+270%$144/sqft |
Source: Smart MLS #24178387 Report a problem | ||
| 10/8/2024 | Sold | $50,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,019 +8.4% | $105,840 +0.5% |
| 2024 | $3,707 +1.9% | $105,280 |
| 2023 | $3,638 +2.2% | $105,280 |
| 2022 | $3,561 +0.7% | $105,280 |
| 2021 | $3,537 -2.5% | $105,280 +1.5% |
| 2020 | $3,628 -5.1% | $103,740 -4.8% |
| 2019 | $3,821 +2.2% | $108,990 |
| 2018 | $3,737 +5.4% | $108,990 |
| 2017 | $3,547 +2% | $108,990 |
| 2016 | $3,477 +5% | $108,990 |
| 2015 | $3,313 -1.7% | $108,990 -3.3% |
| 2014 | $3,370 +6% | $112,700 |
| 2013 | $3,178 +1% | $112,700 |
| 2012 | $3,148 | $112,700 |
| 2011 | $3,148 +2.6% | $112,700 -5.8% |
| 2010 | $3,069 +2.7% | $119,630 |
| 2006 | $2,988 +10.4% | $119,630 +46.6% |
| 2005 | $2,707 +7.3% | $81,620 |
| 2003 | $2,522 +9% | $81,620 +22.7% |
| 2001 | $2,313 | $66,500 |
| 1996 | -- | $66,500 |
Find assessor info on the county website
Neighborhood: 06335
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Nearby schools
GreatSchools rating
- 5/10Juliet W. Long SchoolGrades: 3-5Distance: 0.5 mi
- 5/10Ledyard Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Ledyard High SchoolGrades: 9-12Distance: 4.3 mi
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- Connecticut
- New London County
- Ledyard
- 06335
- 7 River Drive
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